31st Jan 2006 14:47
Sierra Leone Diamond Company Ld31 January 2006 For immediate release 31 January 2006 Sierra Leone Diamond Company Limited ("SLDC" or the "Company") Comments on Recent Movement in Share Price The Board of Sierra Leone Diamond Company (AIM : SLD), the diamond explorationcompany with licence interests wholly focussed in the country of Sierra Leone,would like to state that in the light of today's sudden change in share price, they are not aware of any fundamentally adverse factors which may affect theCompany's prospects going forward. As previously announced, the Company is currently preparing to commence largescale diamond mining operations, on its recently announced mining lease in theKono district of Sierra Leone processing up to 3.5 million tons of alluvial gravel per annum. All of the Company's licence areas are in good standing with the Ministry ofMines and our exploration programme is ongoing in its search for furtherkimberlite occurrences and sources within the Country David Gadd-Claxton, Chief Executive Officer commented: "I have no information to report to the market on the reasons for the recentdecrease in the share price. We are commencing mining operations on our newmining lease and our exploration program is beginning to produce encouraging results. I will report further on the results of our mining operations duringthe first half of the year" For further information, please contact: Sierra Leone Diamond CompanyDavid Gadd-Claxton, Chief Executive Officer 01442 257246Martin Dunham, Chief Financial Officer Buchanan Communications 020 7466 5000Bobby MorseBen Willey This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AMI.L