Mountain Province Diamonds has announced that CFO Steven Thomas will step down on September 1, 2026, to pursue other opportunities, though he will remain in an advisory role during the transition. The release also provides summary resource estimates for the Kelvin and Faraday kimberlites at the Gahcho Kué diamond mine.
Mountain Province Diamonds announced that CFO Steven Thomas will step down on September 1, 2026, to pursue other opportunities, remaining in an advisory role during the transition. The release also provides background on the company's 49% interest in the Gahcho Kué diamond mine and mentions existing mineral resources for the Kelvin and Faraday kimberlites.
Mountain Province Diamonds reported strong operational performance for Q2 and H1 2026, with record carats recovered driven by exceptionally high grades at the Gahcho Kué Mine. However, the company posted significant net losses and losses from mine operations due to challenging diamond market pricing and adverse foreign exchange movements. The release also provides historical mineral resource estimates for its Kelvin and Faraday kimberlites.
Lucara Diamond Corp. has released an updated Feasibility Study for its Karowe Underground Project in Botswana, which extends the mine life by approximately 10 years and is expected to generate over $3.3 billion in diamond revenue. The study includes updated mineral resource and reserve estimates, prepared in accordance with NI 43-101, and outlines pre-production capital costs of $779 million. The project is designed to support a 2.85 million tonnes per annum underground mine, focusing on high-value diamond recovery.
Arctic Star Exploration Corp. has released research results from the University of Alberta regarding the Sequoia kimberlite in the Northwest Territories. The study indicates a high proportion of high-value diamond indicators, including 26% Type IIa (nitrogen-free) diamonds and 37% sub-lithospheric sourced diamonds, which are associated with larger gemstones.
Arctic Star Exploration Corp. has released caustic fusion microdiamond results from its Sequoia Kimberlite Complex in the Northwest Territories. The 2022 delineation drilling yielded a diamond count of 61 stones per 100kg, with stones described as consistently white and clear.
Arctic Star Exploration Corp. reported highly encouraging diamond indicator mineral (DIM) chemistry from the Arbutus kimberlite discovery at the Diagras project in the Northwest Territories. Analysis by C.F. Mineral Research Ltd identified high-quality indicator minerals, including Lherzolite-sourced pyropes, which are associated with large diamond potential.
Arctic Star Exploration Corp. has completed a successful spring 2022 exploration program at its Diagras Project in the Northwest Territories, including the discovery of the new Arbutus kimberlite and further delineation of the Sequoia kimberlite complex. Nine drill holes totaling 1,098 meters were completed, intersecting significant kimberlite intervals. Samples from both kimberlites will be sent for caustic fusion to determine diamond content, with results expected from mid-July to late August.
Arctic Star Exploration Corp. has announced the discovery of the 'Arbutus' kimberlite at its Diagras project in the Northwest Territories. The discovery was made via geophysical follow-up and drilling, revealing a coherent kimberlite containing diamond and mantle indicator minerals.
