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karelian diamond resources (KDR) Snapshot

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karelian diamond resources (KDR) Details

Karelian Diamond Resources plc is engaged in the discovery, development, and exploration of diamond deposits in Finland. The company is involved in the evaluation of diamondiferous kimberlite pipe located in the Karelian Craton. It has interests in Kuhmo, Joensuu, Seitaperä, and Riihivaara claims areas. The company is headquartered in Dublin, Ireland.

karelian diamond resources (KDR) Top Compensated Officers

Managing Director, Director and Member of Exe...
Total Annual Compensation: €50.0K
Finance Director, Company Secretary, Director...
Total Annual Compensation: €30.0K
Compensation as of Fiscal Year 2013.

karelian diamond resources (KDR) Key Developments

Karelian Diamond Resources PLC Announces Extension of Agreement with Rio Tinto Mining and Exploration Limited

Karelian Diamond Resources PLC announced that it has signed an amendment letter to extend the existing confidentiality agreement with Rio Tinto Mining and Exploration Limited until June 30, 2020. Under the confidentiality agreement, Rio Tinto may disclose to Karelian confidential information and physical geological samples relating to exploration in Finland for the purpose of Karelian considering that information in relation to Karelian's potential and existing exploration programmes in Finland. For diamond projects the option will be triggered if Karelian completes 10 tons or more of bulk sampling for diamond exploration; and for all other minerals the option will be triggered if Karelian discovers a resource with an in situ value that is equal to or greater than 3 million ounces of gold in a JORC compliant resource calculation.

TUKES Grants Lapland Diamond Exploration Claim Reservations to Karelian Diamond Resources plc

Karelian Diamond Resources plc announced that TUKES has granted Karelian three exploration Claim Reservations in the Lapland region. Interrogation of airborne geophysics in the region by the company, together with till sampling and integration of data made available to Karelian under its agreement with Rio Tinto Mining and Exploration Limited, led to the decision to apply for Claim Reservations in the area. A Claim Reservation grants exclusive rights to apply for exploration claims within the reservation area. In all three areas kimberlitic indicator minerals were recovered.

Karelian Diamond Resources PLC Reports Unaudited Earnings Results for the Six Months Ended November 30, 2013

Karelian Diamond Resources PLC reported unaudited earnings results for the six months ended November 30, 2013. For the period, the company reported loss before taxation of EUR 96,610 compared to EUR 72,545 a year ago. Loss for the year was EUR 96,610 or EUR 0.001 per basic and diluted share compared to EUR 72,545 or EUR 0.0008 per basic and diluted share a year ago. Net cash generated by operating activities EUR 76,440 compared to net cash used in operating activities of EUR 46,459 a year ago. Investment in exploration and evaluation was EUR 236,273 compared to EUR 160,544 a year ago.


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