Firestone Diamonds : Recovery of 70 Carat White Gem Diamond

Recovery of 70 Carat White Gem Diamond

Released : 12 Feb 2019 07:00

RNS Number : 6874P Firestone Diamonds PLC 12 February 2019

12 February 2019

Firestone Diamonds plc

("Firestone" or the "Company")

RECOVERY OF 70 CARAT WHITE GEM DIAMOND

Firestone Diamond plc is pleased to announce the recovery of a 70 carat white, makeable diamond from its Liqhobong Mine in Lesotho. This follows after a 46 carat gem diamond that was recovered in December, sold for more than US$1 million at a recently held sale. The 70 carat diamond was recovered undamaged and will go on sale at the next tender which is scheduled to take place during March 2019.

Further details will be included in the Q3 production update.

An image of the diamond is available on the Company's website:https://www.firestonediamonds.com/sales‐marketing/special‐stones

Paul Bosma, Chief Executive Officer, commented: "The 70 carat stone was recovered in the northern, low grade part of the pit where the bulk of our mining will take place in the coming months. Although the market for the smaller stones has been under pressure, we've seen continued demand and good prices realised for special stones".

For more information please visitwww.firestonediamonds.com or contact:

Firestone Diamonds plc

[phone]

Paul Bosma

Grant Ferriman

Macquarie Capital (Europe) Limited (Nomad and Broker)

[phone]

Nick Stamp

Nicholas Harland

Tavistock (Public and Investor Relations)

[phone]

Jos Simson

Gareth Tredway Annabel de Morgan

About Firestone

Firestone is an international diamond mining company with operations focused in Lesotho. Firestone commenced commercial production in July 2017 at the Liqhobong Diamond Mine in Lesotho. 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' Letšeng Mine, Firestone's Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae Mine.

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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please [e-mail] or visitwww.rns.com.

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