Guinea Production Update


 

TIDMWAD 
 
RNS Number : 9843V 
West African Diamonds PLC 
21 July 2009 
 
21st July 2009 
 
 
 
 
GUINEA PRODUCTION UPDATE 
 
 
  *  16.27 carat stone sold for USD1,000 per carat 
  *  The remaining 416.73 carats sold for USD34,000 
  *  Overall value of USD116 per carat 
  *  Expansion of production underway 
 
 
 
The board of West African Diamonds plc, the AIM listed diamond miner (AIM: WAD), 
is pleased to report on the sale of a sample parcel of diamonds from it's 100% 
owned Bomboko alluvial diamond mine in Guinea. 
 
 
The diamond parcel weighing 433 carats was sold in Antwerp for USD50,270. The 
largest stone, a 16.27 carat gem, was sold for USD1,000 per carat, with the 
remaining 416.73 carats being sold for USD34,000. 
 
 
WAD is now expanding production at the Bomboko mine from 3,500 to 35,000 tonnes 
per month and based on current production expects a grade of 7cpht. The expanded 
production plant is currently being commissioned and the higher production rate 
is expected to be in place within eight weeks. 
 
 
James Campbell, Deputy Chairman of West African Diamonds, commented: 
 
 
"We are pleased with the progress at the Bomboko Mine. The price per carat from 
what was a spot sale of a small sample is most encouraging. Combining the carat 
value with the grade gives an economical return per tonne of gravel mined. We 
are moving quickly to expand production to 35,000 tonnes per month. All 
essential equipment is on-site and is currently being commissioned." 
 
 
Enquiries: 
 
 
+-----------------------+-----------------------+----------------------------------+ 
| West African Diamonds plc                     |                                  | 
+-----------------------------------------------+----------------------------------+ 
| John Teeling, Chairman                        |  + 353 1 833 2833                | 
|                                               |                                  | 
+-----------------------------------------------+----------------------------------+ 
| James Campbell, Deputy Chairman               |  +27 83 457 3724                 | 
|                                               |                                  | 
+-----------------------------------------------+----------------------------------+ 
| Astaire Securities plc                        | +44 (0)20 7448 4400              | 
| Andrew Raca                                   |                                  | 
| Jerry Keen                                    |                                  | 
+-----------------------------------------------+----------------------------------+ 
| College Hill                                  | +44 (0) 20 7457 2020             | 
| Paddy Blewer                                  |                                  | 
| Nick Elwes                                    |                                  | 
+-----------------------+-----------------------+----------------------------------+ 
 
 
www.westafdiamonds.com 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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