Tillkännagivande • Mar 21
Karelian Diamond Resources Plc announced that it expects to receive £0.29 million in funding Karelian Diamond Resources PLC announced a private placement to issue unsecured convertible loan notes for gross proceeds of £290,000 on March 20, 2026. The conversion price is £0.15. The transaction included participation from new and existing investors. New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€607k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€607k free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (UK£834.9k market cap, or US$1.13m). Tillkännagivande • Nov 27
Karelian Diamond Resources Plc, Annual General Meeting, Dec 17, 2025 Karelian Diamond Resources Plc, Annual General Meeting, Dec 17, 2025. Location: the radisson blu st helens hotel, stillorgan road, blackrock, dublin, a94 v6w3, Ireland New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£1.23m market cap, or US$1.67m). Minor Risk Latest financial reports are more than 6 months old (reported November 2024 fiscal period end). Tillkännagivande • Jun 21
Karelian Diamond Resources Plc has filed a Follow-on Equity Offering in the amount of £0.185 million. Karelian Diamond Resources Plc has filed a Follow-on Equity Offering in the amount of £0.185 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 24,666,666
Price\Range: £0.0075
Transaction Features: Subsequent Direct Listing Tillkännagivande • Feb 28
Karelian Diamond Resources plc Announces Positive Kimberlite Indicator Mineral Results Karelian Diamond Resources PLC announced that the Company has received positive kimberlite indicator minerals ("KIMs") results from Overburden Drilling Management Limited ("ODM"), a Canadian based technical services company, in relation to till samples excavated at the Company's green diamond target area in the Kuhmo region of Eastern Finland. The twenty-one sampling locations were all up-ice of the green diamond previously discovered by the Company (as announced on 31 January 2017), covering an area as close as possible to the presumed kimberlitic source zone, along the kimberlite indicator mineral train. These results, in combination with previous KIM results, support the targeting of the recent semi-airborne UAV-based electromagnetic anomaly (as announced by the Company on 24 January 2025) as a potential source of the green diamond. The KIMs were discovered in nineteen of the twenty-one till samples. A total of seventy-four purple to red peridotitic garnets (G9/G10 pyropes), nine of which in the large range (0.5 to 1.0 mm size), two orange mantle garnets, four chrome diopsides and eighty-one chromites were discovered. The highest KIM counts were achieved in three highly anomalous basal till samples, containing a total of fifty-nine purple to red peridotitic garnets, two orange mantle garnets and nineteen chromites. The fourth-best KIM count was achieved in a surface till sample, also including one pyrope of the large range. Partial alteration mantles, referred to as "kelyphitic rims", were present on fifteen peridotitic garnets of the three highly anomalous basal till samples. The kelyphitic rims indicate a relatively short transportation distance from a kimberlitic source, as do the number and size of peridotitic garnets in the same basal till samples as well as in one surface till sample. One highly anomalous sample contained orange mantle garnets which are likely to be eclogitic, based on the results of adjacent samples taken in 2023. Eclogitic garnets tend to be associated with better diamond grades. All the garnets will be tested by electron microprobe for further classification. Till locating any further up-ice cannot be sampled by excavation because the thickness of overburden, especially peat on top of till, increases considerably in a swampy area to the north-west of the last sampling point. As a result, the most necessary next step is to drill. Combined with the recent results of the semi-airborne UAV-based electromagnetic survey, the kimberlite indicator mineral analysis, updated with the current results, significantly limits the area to be targeted for drilling. Tillkännagivande • Jan 24
Karelian Diamond Resources plc Announces High Priority Drilling Target Revealed in Green Diamond Target Karelian Diamond Resources PLC announced that a semi-airborne unmanned aerial vehicle based detailed electromagnetic survey has been conducted and the EM data has been processed by Radai Oy, on behalf of Karelian, over the Company's green diamond target area in the Kuhmo region of Eastern Finland. A UAV-based EM survey is a geophysical method used to map the electrical conductivity of the surface. The geophysical interpretation of electromagnetic data has identified two diatreme-shaped anomalies that could represent the kimberlitic source of the green diamond (and the indicator mineral fan) that is the focus of the Company's exploration in the area. The anomalies are up-ice of the two highly anomalous basal till sample locations documented in the pitting programme carried out in 2023 (announced by the Company on 19 December 2023) and the green diamond previously discovered in till by the Company (as announced by the Company on 31 January 2017). The 3D resistivity mesh model obtained from the inversion of the EM data, from three layers (at the depths of 10 metres, 60 metres and 110 metres below the surface), reveal a weak (resistivity > 300-1000 m) but confined pipe-like conductivity anomaly, located to the northwest of the Company's existing Kimberlite Indicator Mineral ("KIM") fan. At increasing depths, another smaller conductivity anomaly appears close to the former. weak electromagnetic anomalies are typically related to certain zones of kimberlites or lamproites which can be highly weathered into clay minerals at the surface. Combined with the Company's existing high resolution magnetic data, there is a negative magnetic anomaly overlapping with the main EM anomaly of the 3D resistivity model. The Company is classifying the resultant target as a high priority for drilling and has incorporated the testing of this target into its plans for 2025. The semi-airborne EM survey was carried out using specialised measurement equipment created by Radai Oy, attached to a UAV. In this specialised EM measurement system, the aerial device tows an EM receiver approximately 30 metres behind it. The receiver, together with a transmitter located on the ground, is capable of measuring the electrical conductivity of the ground and bedrock. The EM survey was flown on a Northeast-Southwest orientation with 38 flight lines at 50 metres spacing and 5 Northwest-Southeast tie-lines 500 metres apart at a height of circa 40 metres. The survey comprised 70 line-kilometres, covering an area of 3 km2. The survey was made using multiple transmitter loop locations, making the total length of flights over 600 kilometres. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£1.48m market cap, or US$1.81m). New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (UK£1.48m market cap, or US$1.85m). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (36% increase in shares outstanding). Tillkännagivande • Dec 28
Karelian Diamond Resources plc Announces Resignation of Séamus Fitzpatrick as Director Karelian Diamond Resources PLC announced the resignation, effective from 28 December 2024, of Non-Executive Director and Deputy Chairman, Séamus FitzPatrick. Mr. Fitzpatrick has significant business interests in the USA and due to the demanding nature of these interests he no longer believes that he can dedicate sufficient attention to the Company. Tillkännagivande • Oct 16
Karelian Diamond Resources plc Announces Richard Conroy, Founder and Executive Chairman Passes Away Karelian Diamond Resources Plc announced that its founder and Executive Chairman, Professor Richard Conroy, has passed away after a brief illness. New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (UK£1.93m market cap, or US$2.53m). Minor Risks Latest financial reports are more than 6 months old (reported November 2023 fiscal period end). Shareholders have been diluted in the past year (36% increase in shares outstanding). Tillkännagivande • Aug 13
Karelian Diamond Resources plc Announces Finnish Land Court's decision Karelian Diamond Resources plc announced that, on 12 August 2024, it was informed of the Finnish Land Court's decision, regarding the appeals by two landowners in relation to the amount of compensation to be paid to them and the mine boundary in relation to the development of a diamond mine by the Company, at Lahtojoki, in the Kuopio Kaavi region of Finland. The decision of the Finnish Land Court, which is subject to appeal within sixty days, has maintained the original decision on the mine boundary, i.e. no change in the mine boundary. With regards to the amount of compensation payable to the two landowners the majority of the items upon which they based their claims were rejected by the Finnish Land Court except for three items which were referred back to the National Land Survey to review. The appellants were also required to contribute to the Company's legal costs. A mining concession application for the Lahtojoki diamond deposit has already been approved by TUKES (the Finnish mining authority) and the National Land Survey has carried out the process in relation to ground rental compensation for the local landowners and the decided compensation has been paid by the Company. The current court hearing was to finalise the appeals by two of the landowners regarding the amount of compensation to be paid to them and also a change to the mine boundary. Finalisation of the mine boundaries is an essential step in relation to the Company's proposed development of the Lahtojoki diamond deposit. The Board believes that the development of a diamond mine at Lahtojoki will not only bring significant benefits to the Company, but also to the entire surrounding Kuopio-Kaavi area. The diamond mine at Lahtojoki, when in production, is expected to be the first diamond mine in the European Union. The Lahtojoki diamond deposit, as well as containing high quality colourless gem diamonds, also contains pink diamonds and other coloured diamonds. Such diamonds are highly sought after and can command prices up to 20 times that of normal colourless gem diamonds. New Risk • Jul 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 36% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (UK£2.09m market cap, or US$2.72m). Minor Risk Shareholders have been diluted in the past year (36% increase in shares outstanding). Tillkännagivande • Jun 24
Karelian Diamond Resources plc Confirms Potential for Nickel, Copper and Platinum-Group Elements in Karelian Licences Karelian Diamond Resources PLC announced that an assessment prepared by independent geological consultant, Dr. Larry Hulbert, confirms the potential for Nickel, Copper and Platinum-Group Elements, in the Company's licence areas in Northern Ireland. Dr. Hulbert is an internationally recognised expert in Platinum-Group Elements, Nickel-Copper sulphide and Chrome and Iron-Titanium-Vanadium Oxide Mineralisation, and has over 40 years' experience in the Metallogeny of Mafic-Ultramafic Rocks. He is a licenced member of Associations of Professional Engineers and Geoscientists and as such is a "Qualified Person" for the purposes of NI 43-101 reporting. The review, by Dr. Hulbert, followed the discovery in 12 October 2023 by the Company of indicator minerals for Nickel, Copper and Platinum Group Elements, during the course of a stream sediment sampling programme over the Company's licence area in Northern Ireland. Dr. Hulbert's review notes marked resemblances to the Baraga Basin in Michigan (Mid-Continental Rift system of North America), that hosts the world class Eagle and Eagle East Nickel, Copper and Platinum Group Elements deposits. Dr. Hulbert recommends that the Eagle deposit should serve as Karelian's exploration model. Similarities were also noted to the continental flood basalts; i.e. Norilsk Russia (Triassic) and the Emeishan Large Igneous Province in China, that also host world-class Ni-Cu-PGE deposits. A series of targets for Nickel, Copper and Platinum Group Elements within the Company's licence area in Northern Ireland were identified by Dr. Hulbert during the course of his review and recommended for follow up. Dr. Hulbert's review also included the establishment of a comprehensive data base incorporating geology, geochemistry, geophysics, remote sensing, and base Geographic Information System (GIS) information including TELLUS data and gravity geophysical data. Tillkännagivande • May 26
Karelian Diamond Resources plc Announces Court Hearing Update for Lahtojoki Karelian Diamond Resources plc announced an update to the court hearing by the Finnish Land Court, in relation to the appeals by two landowners regarding the amount of compensation to be paid to them and the mine boundary in relation to the development of a diamond mine by the Company at Lahtojoki in the Kuopio Kaavi region of Finland, details of which were announced on 11 March 2024. Following the court hearing held on 21 May 2024, the Finnish Land Court has announced that its judgement will be given on 12 August 2024. Finalization of land possession for the duration of the mine is a necessary step forward in relation to the Company’s proposed development of the Lahtojoki diamond deposit. The Board believes that the development of a diamond mine at Lahtojoki will not only bring significant benefits to the Company, but also to the entire surrounding Kuopio-Kaavi area. The Lahtojoki diamond deposit, as well as containing high quality colourless gem diamonds, also contains pink diamonds and other coloured diamonds. Such diamonds are highly sought after and can command prices up to 20 times that of normal colourless gem diamonds. The Company is continuing with its diamond exploration programme in Finland, in particular, to locate the source of the green diamond which it has discovered in Finland and also to progress its exploration for nickel, copper and Platinum Group Elements in Northern Ireland. New Risk • Apr 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€596k free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (UK£2.60m market cap, or US$3.26m). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Tillkännagivande • Jan 25
Karelian Diamond Resources plc Announces Exploration Permits Extends Karelian Diamond Resources plc announced that the Company has received notification from the Finnish Safety and Chemicals Agency (Tukes) of the granting of an extension for a further 3 years, the maximum period allowed per extension to the Company's exploration permits Riihivaara 26, Riihivaara 24, 24a and 24b in the Kuhmo region of Eastern Finland. The Riihivaara 26 exploration permit covers Karelian Diamond's kimberlite (olivine lamproite) discovery at Riihivaara. Exploration permits Riihivaara 24, 24a and 24b cover the adjacent areas. The Riihivaara permits are in an emerging kimberlite field, in which the Company has to date identified 20 regional anomalies. The Company's kimberlite discovery at Riihivaara is circa 10 kilometres to the south of where the Company discovered a green diamond. As announced on 19 December 2023, the search for the source of the green diamond has recently been narrowed down quite substantially through recent work undertaken by Karelian Diamonds. The Riihivaara kimberlite comes to surface and extends for at least 350 metres. It is a dyke which remains open in both directions along strike with widths of up to two metres intersected. Drilling has already successfully intersected kimberlite at a deeper level and has also shown that the dyke dips at circa 50° to the Northeast. Mineral chemistry at the site shows that diamond indicator Group I eclogitic garnets are abundant and that diamond type chromites are also present. Ilmenite analysis indicates a good diamond preservation index. Mineral chemistry also shows that more than one source may be present. It is known that kimberlites tend to occur in clusters and that potentially diamondiferous sources may exist in the vicinity of the Riihivaara kimberlite. To this end Karelian Diamonds has also extended the Riihivaara 24, 24A and 24Bexploration permits. The Company believes the Kuhmo region of Finland has high prospectivity for diamondiferous kimberlites both through its own exploration results in the Kuhmo region, including the discovery of a green diamond, and also by the presence of the Seitaperä diamondiferous kimberlite, circa 8 kilometres to the northwest of Riihivaara, which Karelian Diamonds has shown to extend over a surface area of 6.9Ha - the largest known kimberlite in Finland. Tillkännagivande • Dec 19
Karelian Diamond Resources plc Announces Update on Sample Results and Diamond Exploration Programme in Kuhmo Region Karelian Diamond Resources plc announced that the Company has received results, from Overburden Drilling Management Limited ("ODM") in Canada, in relation to basal till samples excavated at various target locations in the Kuhmo region of Finland. This release has been approved by Kevin McN faculty PGeo, who is a member of the Company's technical staff and holds a BSc/MSc in Geology and Remote Sensing, in accordance with the guidance note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM Companies, which outlines standards of disclosure for mineral projects. Further results will be issued as the programme progresses. Tillkännagivande • Nov 29
Karelian Diamond Resources Plc, Annual General Meeting, Dec 21, 2023 Karelian Diamond Resources Plc, Annual General Meeting, Dec 21, 2023, at 10:30 Coordinated Universal Time. Location: The Conrad Dublin Hotel, Earlsfort Terrace Dublin Dublin Ireland Tillkännagivande • Oct 12
Karelian Diamond Resources Plc Announces Positive Results from Sampling Programme Karelian Diamond Resources Plc announced that indicator mineral and microprobe analysis results from a stream sampling programme in Northern Ireland confirms the prospectivity of the Company's licence area for nickel, copper and platinum group metals. The sampling programme was a follow up to an earlier sampling programme which suggested the potential of the area for these metals (the results of which were announced by the Company on 10 November 2021). Thirty three stream sediment samples, with an average weight of circa 18kg per sample, were collected across the three licences, totalling an area of approximately 750km2, now held by the Company in Northern Ireland. The samples were despatched to Overburden Drilling Management Limited ("ODM") in Canada for mineral concentration, picking and analysis for indicator mineralogy using ODM's trade-marked metamorphic/magmatic massive sulphide indicator minerals (MMSIM'S) technique. ODM has been a key contributor to numerous discoveries worldwide, including the Voisey's Bay nickel-copper-cobalt deposit in Labrador, Canada. The results of this programme, taken in conjunction with results from the previous programme, indicate a highly anomalous river catchment area. This area has yielded five samples each having over 1,000 indicator minerals. The indicator minerals are primarily Chromite and Forsterite with some Chalcopyrite and gold grains. In addition, microprobe analysis on a number of Chromite grains from samples taken from this area during the original sampling programme in 2021 showed that four samples had Chromites with high zinc oxide values. Such high zinc oxide values can be a signature of sulphide rich Nickel-Copper Group Elements deposits. It was also noted that a number of the Chromites have inclusions of iron, nickel, sulphur as well as on the Chromite margins, which is significant as it indicates the presence of nickel mineralisation. The Company is planning a follow up programme focused on the highly anomalous river catchment area, together with some additional microprobe analysis, with a view to identifying one or more drilling targets. Further results will be issued by the Company as the exploration programme proceeds. New Risk • Oct 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (UK£3.64m market cap, or US$4.48m). Minor Risks Latest financial reports are more than 6 months old (reported November 2022 fiscal period end). Shareholders have been diluted in the past year (38% increase in shares outstanding). Tillkännagivande • Oct 10
Karelian Diamond Resources plc Provides Diamond Exploration Programme Update Karelian Diamond Resources plc announced that the Company has completed a pitting programme over a series of more than twenty kimberlite target locations in the Kuhmo region of Finland previously identified by geophysics and kimberlitic indicator analysis of till samples. The pitted targets, extending over twenty-three locations, are up-ice from the location of the green diamond discovered in till by the Company in January 2017. Glacial till samples for kimberlite indicator mineral testing were collected in all twenty-three locations. In eight of the locations in which bedrock was reached the bedrock was composed mainly of granite. Each sample consisted of three c.40kg bags (approx. 120kg total) of glacial till. One of the c.40kg bags was kept as a reference and two of the bags were passed through a 2mm sieve to produce just over 30kg of sieved glacial till material for analysis. These sieved samples have been dispatched to Overburden Drilling Management Limited ("ODM") in Canada for kimberlite indicator Mineral analysis. Upon receipt of the results from ODM the Company intends to then follow up with a drilling programme to test any highly anomalous results. The drilling programme would also test other targets within the total of thirty-eight kimberlite targets. These targets were identified by geophysics combined with kimberlite indicator mineral sampling results as well as the topography and geology of the area which were not, however, suitable for initial testing by pitting. Further results will be issued by the Company as the exploration programme progresses. New Risk • Sep 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (UK£4.63m market cap, or US$5.73m). Minor Risks Latest financial reports are more than 6 months old (reported November 2022 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (38% increase in shares outstanding). New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (UK£3.54m market cap, or US$4.49m). Minor Risks Latest financial reports are more than 6 months old (reported November 2022 fiscal period end). Share price has been volatile over the past 3 months (8.9% average weekly change). Shareholders have been diluted in the past year (38% increase in shares outstanding). Tillkännagivande • Jul 27
Karelian Diamond Resources plc Announces Exploration Programme in Northern Ireland Karelian Diamond Resources plc announced that a Nickel-Copper-Platinum Group Metals exploration programme has commenced in Northern Ireland. A series of stream sediment samples have been collected across three licences and despatched for analysis to Overburden Drilling Management Limited in Canada. The exploration programme follows the discovery of anomalous amounts of chromite and forsterite olivine and metamorphosed /magmatic massive sulphide Indicator minerals ("MMSIM"), suggestive of the presence of Nickel-Copper-Pl Platinum mineralisation, during the course of a stream sediment sampling programme for diamonds on a prospecting licence in Northern Ireland (announced by the Company on 10 March 2022). A technical review based on geological and geochemical data, including the Northern Ireland TELLUS survey, noted soil sample results of up to 765 ppb Platinum (Pt), 394 ppb Palladium (Pd) and 123 ppb Gold (Au). Mafic and/or ultraramafic dyke-sill complexes are also present in the area, further indicating the possible presence of Nickel-Copper -Platinum mineralisation. These are similar to those hosting the world class Noril'sk Nickel-Copper-Pl platinum deposit in Russia. As a result, two adjacent prospecting licences were acquired, giving the Company a total exploration area in Northern Ireland of approximately 750 km2 (announced by the Company on 6 October 2022). Thirty three stream sediment samples have been collected over the three licences. The samples have an overall weight of just over 600Kg and an average weight of c18kg per sample. The samples have been despatched to ODM in Canada for mineral concentration, picking and analysis for indicator mineralogy using ODMs trade-marked MMSIM technique. ODM has been a key contributor to numerous discoveries worldwide, including the Voisey's Bay Ni-Cu-Co deposit in Labrador, Canada. The exploration programme for Nickel-Copper-Pladium in Northern Ireland continues in tandem with the Company's diamond exploration programme in the Kuhmo region of Finland. Tillkännagivande • Jul 18
Karelian Diamond Resources plc Announces Follow-Up Diamond Exploration in Kuhmo Karelian Diamond Resources plc notify, further to the announcement released by the Company on 24 April 2023, that a follow up diamond exploration programme focused on excavation and drilling in the Kuhmo region of Finland up-ice of the green diamond discovered by the Company has commenced. An initial site investigation programme has commenced to ascertain the accessibility, detailed topography and geology and geology of the area leading to the identification of a total of thirty-eight kimberlite targets up-ice from the green diamond discovery. An initial site investigation programme have commenced to ascertain the accessibility, comprehensive topography and geology and geological exposures of the targets. This will be followed by evaluation of the targets through a pit excavation programme designed to identify bedrock kimberlite. Where bedrock cannot be reached by excavator the targets will be tested by drilling for the presence of kimberlite. Till samples will also be collected for further kimberlite indicator mineral studies. Further announcements will follow as the exploration programme proceeds. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Howard Bird was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Howard Bird was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Oct 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Howard Bird was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Tillkännagivande • May 05
Karelian Diamond Resources plc Announces New Results from Its Ongoing Diamond Exploration Programme in the Lahtojoki South Exploration Area Karelian Diamond Resources Plc announce new results from its ongoing diamond exploration programme in the Lahtojoki South exploration area. A cut and polished section of the kimberlite boulder material (details of which were announced by the Company on 5 March 2021) has revealed the presence of mantle garnets. Observations of the cut and polished section of the boulder made by the Geological Survey of Finland (GTK) in their Espoo Laboratory have revealed a number of purple to red peridotitic garnets (G9/10 Cr-pyrope), several orange mantle or crustal garnets, and a number of large ilmenite grains*. These minerals are typical of mantle detritus found in kimberlite that indicate that this boulder material represents cooled magma derived from the Earth’s mantle. The results are further evidence that an undiscovered, potentially diamondiferous, kimberlite body may exist in the vicinity of the Lahtojoki diamond deposit. Tillkännagivande • Mar 07
Karelian Diamond Resources plc Announces Results from Its Ongoing Diamond Exploration Programme in the Lahtojoki South Exploration Area Karelian Diamond Resources plc announced results from its ongoing diamond exploration programme in the Lahtojoki South exploration area. Observations on till samples, together with glacial striation measurements from outcrops, suggest a narrowing down of the search area for the source of the kimberlite boulders previously discovered to the south of the Lahtojoki diamond deposit. Results from the analysis at the Geological Survey of Finland Mintec Laboratory facility of twenty five 60kg till samples recovered south of the Lahtojoki diamond deposit, together with glacial striation measurements from outcrops in the Lahtojoki south exploration permit licence area, indicate an alternative glacial trend direction to the main regional glacial trend in the area of 335 degrees. The information the Company has gained from this analysis has narrowed down the search area for the source of the kimberlite boulders previously discovered. The Company has also recovered additional kimberlite boulder material from the original kimberlite boulder site for further analysis. The discovery of the kimberlite boulders in the Lahtojoki south exploration permit licence area and the subsequent studies which proved the boulders to be altered hypabyssal kimberlite, a different form of kimberlite from that present in the Lahtojoki deposit, confirms that these boulders are not derived from the Lahtojoki diamondiferous kimberlite pipe. As kimberlites tend to occur in clusters, the findings suggest the possibility of an additional, potentially diamondiferous, source in the vicinity to the southwest of the Lahtojoki deposit. The Company has therefore applied for an exploration permit over this area. Tillkännagivande • Dec 01
Karelian Diamond Resources plc, Annual General Meeting, Dec 23, 2020 Karelian Diamond Resources plc, Annual General Meeting, Dec 23, 2020, at 14:30 Coordinated Universal Time. Location: Company’s office 3300 Lake Drive Citywest Business Campus Dublin Ireland Tillkännagivande • Aug 19
Karelian Diamond Resources plc has completed a Follow-on Equity Offering in the amount of £0.42 million. Karelian Diamond Resources plc has completed a Follow-on Equity Offering in the amount of £0.42 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,500,000
Price\Range: £0.04
Transaction Features: Subsequent Direct Listing