Company Information for DiamondCorp Plc

AIM-DCP

www.diamondcorp.plc.uk

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AIM; DCP

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Company Statement

DiamondCorp plc is an emerging diamond producer focused on maximising shareholder value through the development of high margin diamond production assets.

The company is incorporated in the UK and its main country of operation is South Africa.

DiamondCorp's shares trade on the AIM Market of the London Stock Exchange and PLUS Markets under the symbol DCP.

Current Operations

Lace Project
The Lace project is located 20km from Kroonstad in the Free State Province of South Africa.

The project contains an estimated 14 million carats of diamonds in tailings and kimberlite. Additional kimberlites have been identified on the group's adjoining properties.

Phased development is being undertaken comprising initial tailings retreatment followed by mining of the remaining kimberlite, which has been drilled to a depth of 855m.

Lace Tailings Retreatment Project
The Lace tailings project involves the re-treatment of 3.6 million tonnes of tailings from diamond mining operations at Lace between 1902 and 1931.

Bulk testing of 100,000 tonnes of tailings revealed approximately 10.3 carats per hundred tonnes can be recovered from the tailings using a modern dense media separation plant.

The DMS plant has been designed by Consulmet (Pty) Limited in Johannesburg, and is capable of treating 1.6 million tonnes per annum. The plant size has been designed to optimise the tailings resource then, after addition of a primary crushing circuit, will be used as the treatment plant for mining of the Lace kimberlites.

Lace Underground Project
The Lace kimberlites project involves re-establishing mining operations on the unmined portions of the Lace kimberlites.

Mining operations at Lace between 1902 and 1931 removed 4.5 million tonnes of kimberlite through open pitting to 100m depth and partial chambering to 240m depth. The historical head grade is estimated to be 27 cpht.

Drilling has established that the Lace kimberlites (main and satellite pipes) extend to 855m depth and remain open. Drilling also discovered that a hypabyssal kimberlite grading an estimated 60 cpht becomes volumetrically dominant at depth.

Bulk testing of the unmined portion of the kimberlite is planned to be completed in 2008. The results of this bulk test will be incorporated in a feasibility study on recommencing mining of the Lace kimberlites following completion of the Lace tailings re-treatment project.

Geographical Spread

South Africa

Board of Directors and Key Management

Euan A. Worthington - Non-Executive Chairman

Paul R. Loudon – Managing Director & Chief Executive Officer

Dr Jonathan Willis-Richards – Non-Executive Director

Nicholas Allen – Non-Executive Director

John C. Forrest - Chief Financial Officer

Company Address

First Floor
Georgian House,
63 Coleman Street
London, EC2R 5BB


Telephone:	+44 (0) 20 7256 2651
Facsimile:	+44 (0) 20 7256 2666
Website:	http://www.diamondcorp.plc.uk

Capital

As of 24 October 2007 - Total shares in issue 34,770,408

Annual General Meeting

London

Year End

31 December

Nominated Brokers

Cenkos Securities Limited
6. 7. 8 Tokenhouse Yard
London EC2R 7AS

Nominated Advisors

Cenkos Securities Limited
6. 7. 8 Tokenhouse Yard
London EC2R 7AS

Broker/Analyst Reports

31/01/07 - Diamondcorp plc, Cenkos Securities

Major Shareholders

MLP Investments (Caymans) Ltd	16.8%
Aktive Diversified Holdings Ltd	9.7%
JPMorgan Asset Management U.K. Limited	9.6%
Miramar Group SA	7.4%
Dromen Securities Ltd.	6.4%

Most Recent Statement

13/11/08 - New substantial shareholder
03/07/08 - MARKET UPDATE - JULY 2008
08/04/08 - Senior Management Appointment
20/03/08 - Notice of dual listing
04/03/08 - Audited Results for the period ended 31 December 2007
24/01/08 - Trading Statement

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