Karelian Diamond Resources (CDI) (KDR)

Sector:

Mining

Index:

FTSE AIM All-Share

0.60p
   
  • Change Today:
    -0.075p
  • 52 Week High: 1.75p
  • 52 Week Low: 0.54p
  • Currency: UK Pounds
  • Shares Issued: 196.44m
  • Volume: 6,905,746
  • Market Cap: £1.18m
  • RiskGrade: 220

Karelian gets rights for Lahtojoki diamond project registered

By Josh White

Date: Thursday 12 Jun 2025

LONDON (ShareCast) - (Sharecast News) - Karelian Diamond Resources shares surged on Thursday, after it received official registration of mining rights for its Lahtojoki diamond project in Finland, marking a significant step forward in the development of what it described as a high-value gemstone deposit.
The AIM-traded firm said the Finnish Safety and Chemical Agency (TUKES) had issued the mining concession certificate under registration number K7363

It said the certificate entitled Karelian to exploit the mineral resources within the concession area, allowing it to advance to the next phase of work on the site.

The Lahtojoki deposit, located in eastern Finland, includes a 71-hectare concession featuring a 16-hectare kimberlite pipe.

It is notable for hosting high-quality colourless and pink diamonds, the latter of which are highly prized and can sell for up to 20 times the price of standard coloured stones.

A 2017 preliminary economic assessment estimated more than two million carats of recoverable diamonds with an in-situ value of $211m.

The report recommended an open-pit mining operation with a mine life of over nine years, a two-year payback period, and projected an internal rate of return of 55% with a net present value of $39.1m at an 8% discount rate.

"Confirmation of the registration of mining rights is a critical step for the company, and means that the company can plan the next stage of work at the Lahtojoki Diamond Deposit."

At 1226 BST, shares in Karelian Diamond Resources were up 172.32% at 1.53p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

KDR Market Data

Currency UK Pounds
Share Price 0.60p
Change Today -0.075p
% Change -11.11 %
52 Week High 1.75p
52 Week Low 0.54p
Volume 6,905,746
Shares Issued 196.44m
Market Cap £1.18m
RiskGrade 220

KDR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.93% below the market average1.93% below the market average1.93% below the market average1.93% below the market average1.93% below the market average
84.25% above the sector average84.25% above the sector average84.25% above the sector average84.25% above the sector average84.25% above the sector average
Price Trend
2.3% below the market average2.3% below the market average2.3% below the market average2.3% below the market average2.3% below the market average
82.22% below the sector average82.22% below the sector average82.22% below the sector average82.22% below the sector average82.22% below the sector average
Income Not Available
Growth Not Available

KDR Dividends

No dividends found

Trades for 29-Aug-2025

Time Volume / Share Price
15:46 6,000 @ 0.65p
15:45 10,000 @ 0.65p
15:26 320,696 @ 0.57p
14:34 518,017 @ 0.63p
14:15 62,675 @ 0.60p

KDR Key Personnel

Chair Richard Conroy

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