TIDMFDI

RNS Number : 5935B

Firestone Diamonds PLC

05 April 2017

5 April 2017

Firestone Diamonds plc

("Firestone" or the "Company") (AIM: FDI)

110 carat gem-quality light yellow diamond recovered at Liqhobong

Firestone Diamonds plc, the AIM-quoted diamond mining company, is pleased to announce the recovery of its largest diamond to date, a 110 carat gem-quality light yellow diamond, during the ramp up phase at its Liqhobong Diamond Mine.

The Company believes this diamond recovery confirms the significant larger stones potential that exists at Lighobong.

A photo of the diamond can be viewed via the PDF link:

http://www.rns-pdf.londonstockexchange.com/rns/5935B_-2017-4-4.pdf

Stuart Brown, Chief Executive Officer of Firestone, commented:

"I am delighted to announce that we have recovered Firestone's largest diamond to date. The 110 carat gem-quality light yellow diamond recovered during Liqhobong's ramp-up phase is a very exciting and encouraging accomplishment. It confirms our long held belief that Liqhobong has large stone potential and I hope this is the first of many to come."

For further information, please visit the Company's website or contact:

 
                                   +44 (0)20 8741 
 Firestone Diamonds plc                      7810 
 Stuart Brown 
 
                                   +44 (0)20 7409 
 Strand Hanson Limited (Nomad)               3494 
 Stuart Faulkner 
 Richard Tulloch 
 James Dance 
 
 Macquarie Capital (Europe)         +44(0)20 3037 
  Limited (Joint Broker)                     2000 
 Raj Khatri 
 Nick Stamp 
 
 Mirabaud Securities LLP (Joint 
  Broker) 
                                   +44 (0)20 7878 
 Rory Scott                                  3360 
                                   +44 (0)20 7878 
 Ed Haig-Thomas                              3447 
 
 Tavistock (Public and Investor    +44 (0)20 7920 
  Relations)                                 3150 
 Emily Fenton                         +44 (0)7788 
  Jos Simson                              554 035 
 Barney Hayward

Background information on Firestone

Firestone is an international diamond mining company with operations focused on Lesotho. Firestone is currently in the process of commencing commercial production at the Liqhobong Diamond Mine. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho.

Lesotho is emerging as one of Africa's significant new diamond producers, hosting Gem Diamonds' Letseng Mine, Firestone's Liqhobong Mine and Namakwa Diamonds' Kao Mine.

For more information please visit: www.firestonediamonds.com

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 05, 2017 02:00 ET (06:00 GMT)

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