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|1950’s||Ore bodies discovered in the Maluti Mountains of northern Lesotho.|
|1990’s||First large scale evaluation programme undertaken on the Main Pipe.
Comprised satellite and main pipes – 8.6 hectare of kimberlite pipe, contains probable Diamond Reserve of 9.5 million carats.
|2005||Production commenced at Satellite Pipe.|
|2007||Definitive Feasibility Study for development of Main Pipe commenced.|
|2008||Production suspended at Satellite Pipe.|
|2010||Liqhobong was acquired by Firestone Diamonds from Kopane Diamonds for US$71 million.|
|2011||Production restarted by Firestone Diamonds. Pilot plant, produced in excess of 325,000 carats.
High incidence of fancy yellow stones and potential for large stones.
|2012||Completed DFS which set out the basis for an open pit mine with a 15 year life, producing 3.6 million tonnes per annum, yielding in excess of 1 million carats.|
|2013||Restructuring in place, new CEO, Stuart Brown joined Firestone Diamonds.
Production suspended immediately.
Update the DFS, revalidated initial capital expenditure for the Project and confirmed economics for Liqhobong.
|2014||Firestone raised US$222.4 million to bring Liqhobong into production, targeting 1 million carats per annum.
Construction activities commenced.
|2015||Revised Mine Plan completed. Base case, post financing, NPV of US$389 million (8% discount rate), IRR of 42%, payback of 4.1 years.|
First diamond recoveries commenced, recovery of special stones and fancy yellow diamonds.
|2017||First sale in February.
110 carat gem-quality light yellow diamond recovered.
|2018||Paul Bosma appointed as new CEO.
In the 12 months to end-June 2018, the company’s first full financial year of production, 835,832 carats were produced at 22 carats per hundred tonnes.