Burgundy Diamond Mines Limited announced that it has informed ASIC that it will be changing its financial year from 1 July - 30 June, to 1 January - 31 December. The change to the Company's financial year end from 30 June to 31 December offers several advantages, including streamlining the preparation of annual statutory financial statements and annual tax returns with newly acquired entities, Arctic Canadian Diamond, which commences on 1 January and ends on 31 December. It also aligns the Company's financial year end with relevant Australian and global mining industry peers.

The Company prepared its annual financial report for the year ended 30 June 2023 and will then prepare a further financial report covering the 6 month period to 31 December 2023 (Transitional Financial Year). Annual reports thereafter will be prepared for a 12 month period from 1 January to 31 December each subsequent year. The change in financial year will require the Company to hold an annual general meeting by 31 May 2024 in respect of its 31 December 2023 financial report.

The date of the 2024 annual general meeting will be determined and advised to the market in due course.