Karelian Diamond Resources plc said that the mine boundaries for the Lahtojoki project have been finalised after no appeal was lodged against the August court ruling. RULING Two landowners had 60 days to appeal against the amounts of compensation due to them as well as the mine boundary. The company’s legal advisors have confirmed that […]
Tag: Karelian Diamond Resources plc
Obituary – mining executive Richard Conroy
Richard Conroy, whose experience covered mining, entrepreneurship, politics and medicine, has died aged 91 following a brief illness. LEGACY In 1995 Professor Conroy founded Conroy Gold and Natural Resources plc, of which he was executive chairman, exploring for base and precious metals in Ireland. He also held the same positions at Karelian Diamond Resources plc […]
Karelian completes Kuhmo follow-up excavation
Karelian Diamond Resources plc has completed follow-up excavation up-ice of the green diamond previously discovered in the Kuhmo region of Finland. TARGETS Karelian said that the thickness of the glacial till cover increased up-ice to the northwest towards a swampy area, accessible to an excavator only when the ground is frozen. “The indicator mineral train […]
Karelian retains Lahtojoki mine boundary
Karelian Diamond Resources plc said that the Lahtojoki diamond mine boundary will remain in its original position, as ruled by the Finnish Land Court. DECISION The company added that on 12 August, the court also rejected two landowners’ appeals in relation to compensation from the mine development, except for three items subject to a review […]
Karelian raises £329,000 via discounted placing
Karelian Diamond Resources plc has raised £328,747 through a 38.8% discounted placing. USES The placing comprised 21,916,479 ordinary shares of €0.00025 each, at 1.5 pence perordinary share. Certain parties also capitalised amounts owed to them totalling £25,252.75 by the issue of 1,683,516 new ordinary shares at the issue price. Each placing share and investment share […]
Karelian encouraged by Irish licences’ potential
Karelian Diamond Resources plc said that potential for nickel, copper and platinum group elements had been confirmed on its Northern Ireland licences. SIMILARITIES The company added that the confirmation, in a report by Dr Larry Hulbert, followed the October 2023 discovery of indicator minerals for the metals during stream sediment sampling. The report noted similarities […]