Company Information for Sunrise Diamonds Plc

Company stock charts - 12 Month chart

AIM; SDS View full financial data

Company Statement

Sunrise Diamonds plc is exploring for diamonds in the Karelian Craton in Finland a geological block that is host to a number of world-class diamondiferous kimberlites (Grib, Lomonosova) in the Arkhangelsk region of neighbouring Russia.

The Company was formed and admitted to AIM in 2005 to continue the diamond exploration activities of its then parent, Tertiary Minerals plc.

The Company’s initial activities focused on discovery of a new kimberlite cluster at Kuusamo in northern Finland, where seven kimberlites have now been defined, three of which are diamondiferous.

In 2005 the Company secured exclusive rights to BHP Billiton’s diamond exploration database for Finland, which has an estimated replacement value of over US$10 million, and this now forms the basis for the Company’s generative exploration programmes in Finland.

In 2006 a Joint Venture agreement was signed with Canada’s Nordic Diamonds Inc. giving Sunrise the right to earn a 75% interest in a further sixteen kimberlite pipes in the Kaavi-Kuopio area of Finland. Some of those pipes, discovered by Ashton Mining in the 1990’s, have not been adequately evaluated for their commercial diamond potential.

Current Operations

Sunrise has an ongoing programme of till sampling, ground magnetics and drill testing of priority diamond targets throughout Finland, based primarily on its interpretation of the BHP Billiton database. It is also conducting further evaluation of its new Kuusamo kimberlite discovers and the existing kimberlites of the Kaavi-Kuopio cluster.

Geographical Spread

Finland

Board of Directors and Key Management

Patrick Cheetham	Executive Chairman
Francis Johnstone	(Senior) Non-Executive Director
Neil Herbert	Non-Executive Director

Company Address Sunrise House Hulley Road Macclesfield, Cheshire, United Kingdom, United Kingdom SK10 2LP Telephone: +44 (0) 1625 505947 Facsimile: +44 (0) 1625 626204 Email: info[at]sunrisediamonds.com Website: http://www.sunrisediamonds.com

Annual General Meeting End January

Year End 30th September

Nominated Brokers Ruegg & Co Limited 37, Cheval Place London SW7 1EW United Kingdom

Nominated Advisors Ruegg & Co Limited 37, Cheval Place London SW7 1EW United Kingdom

Broker/Analyst Reports

02/08/07 - Hardman & Co.

Major Shareholders

At June 2007
Tertiary Minerals plc	18.3%
Starvest plc	11.4%
Pershing Keen Nominess GWCLT Account	10%
P & K Cheetham	4.8%

Related News

22/11/07 - Sunrise Diamonds Waiting on Results
21/02/07 - Sunrise Over Finland

Most Recent Statement

21/05/08 - Interim Statement 2008
08/05/08 - AGREEMENT SIGNED WITH MANTLE DIAMONDS TO EVALUATE KIMBERLITE TARGETS CLOSE TO LAHTOJOKI PIPE
29/02/08 - ENCOURAGING RESULTS FROM DIAMOND SAMPLING OF KIMBERLITE ON NORDIC JV CLAIMS IN FINLAND
21/02/08 - SUNRISE TO RECEIVE MICRODIAMOND RESULTS WITHIN DAYS FROM THREE KIMBERLITES IN FINLAND
14/01/08 - Announcement of audited Financial statements FOR THE PERIOD ENDED 30 SEPTEMBER 2007
30/10/07 - SUNRISE DIAMONDS NEARLY DOUBLES SIZE OF KIMBERLITE 14 IN DRILLING THREE PRIORITY KIMBERLITES IN FINLAND