Karelian Diamond Resources PLC · LSE:KDR
Karelian Diamond Resources — Investor Presentation (February 2025)
40 slides from Karelian Diamond Resources's investor presentation, February 2025
Slide 1: Karelian Diamond Resources
AIM: KDR www.kareliandiamondresources.com
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Karelian Diamond Resources PLC (“Karelian Diamonds”). This document contains background information about Karelian Diamonds current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or comp
Slide 3: KDR projects in Finland and Northern Ireland
KDR projects in Finland and Northern Ireland • Lahtojoki Diamond Deposit Mining permit at advanced stage Pink diamond presence enhances financial potential • Diamond Exploration Programme in Finland Discovery of green diamond and diamondiferous kimberlites at Kuhmo. Search narrowing for kimberlitic
Slide 4: Directors and Senior Management
Directors and Senior Management Brendan McMorrow (Chairman) Brendan McMorrow has over 25 years’ experience in the financial aspects of the natural resource industry, incorporating a senior role with Ivernia West plc in the discovery and development of the world class Lisheen zinc mine. Maureen Jones
Slide 5: Experienced Technical Team
Experienced Technical Team Dr Larry Hulbert – Nickel, Copper, PGE Consultant Howard Bird – Diamond Consultant Dr. Hulbert has over 40 years of experience in the Howard Bird is an internationally experienced geoscientist. metallogeny of mafic-ultramafic rocks and is an Former Senior Vice President of
Slide 6: Nickel, Copper and Platinum Group Elements Potential in Northern Ireland
NICKEL, COPPER AND PLATINUM GROUP ELEMENTS POTENTIAL IN NORTHERN IRELAND 6
Slide 7: Northern Ireland – a new Nickel, Copper and Platinum Group Elements province?
Nickel, Copper & PGE Potential • Large Igneous Province (LIP) Northern Ireland Located within a LIP with evidence of primitive Mg-rich melts (e.g., Antrim Lava Group & dykes), a key factor in nickel, Copper and PGE – a new Nickel, mineralization. • Favorable Geology Copper and Presence of mafic-ultr
Slide 8: Nickel, Copper & PGE Potential
Nickel, Copper & PGE Potential Independent Research identifies Nickel, Copper and Platinum Group Element targets • An assessment prepared by independent geological consultant, Dr Larry Hulbert, confirms the potential for Nickel, Copper, and Platinum-Group Elements, in the Company’s license areas in
Slide 9: Significant land package secured by Karelian Diamond Resources
Nickel, Copper & PGE Potential SIGNIFICANT LAND PACKAGE SECURED BY KARELIAN DIAMOND RESOURCES KDR Antrim Project Licences Circa 750km2 (Application proposed) KDR Colebrook Project Licences Circa 1,000km2 9
Slide 10: Advancing Karelian Diamond Resources Nickel, Copper & PGE Project
Nickel, Copper & PGE Potential Advancing • Large Land Position Secured – 1,750 sq km Covering prime geological targets, ensuring control over a highly Karelian prospective nickel, copper and PGE district. • Northern Ireland: A Mining-Friendly Jurisdiction Diamond Established mining tradition benefit
Slide 11: Stream Sediment Results indicated Nickel-Copper-PGE source
Stream Sediment Results indicated Nickel-Copper-PGE source • Stream Sediment sampling programmes carried out in 2022 and 2023 were dispatched to ODM laboratory in Canada for analysis which showed that the indicator minerals present were indicative of a magmatic sulphide rich Nickel-Copper-PGE (Plati
Slide 12: Next Steps to Realising the Potential
Next Steps to Realising the Potential Currently carrying out first pass geological / geochemical target evaluation including further work from Dr. Larry Hulbert Karelian is seeking a strategic partner to carry out a 2 year exploration programme spending approximately US$4m with a view to developing
Slide 13: Exploration Target Model
Exploration Target Model “ The model focuses on deposits hosted by small- to medium-sized mafic and (or) ultramafic dikes and sills that are related to picrite and tholeiitic basalt magmatic systems generally emplaced in continental settings as a component of large igneous provinces (NAIP-BTIP). Wor
Slide 14: Exploration Target Model
Exploration Target Model Eagle Mine Size Parameters: The bottom of the ore body sits roughly 3,000 feet deep and measures to be roughly 6 acres in size* The surface facilities encompass roughly 130 acres, similar to a small 18-hole golf course.** The deposit occurs as a thickened section of a narrow
Slide 15: Exploration Target Model
Exploration Target Model Ultramafic Belt Model Applied to Eagle Deposit 15
Slide 16: Exploration Target Model
Exploration Target Model Magmatic Sulphide Rich Ni-Cu-PGE Deposit Districts (USGS - Scientific Investigations Report 2010–5070–I) A Large Igneous Province (LIP) with evidence of primitive Mg-rich melts and large volumes of sulphur - undersaturated tholeiitic magmatic rocks occurring on or near the
Slide 17: Nickel, Copper & PGE in Northern Ireland
Nickel, Copper & PGE in Northern Ireland Occurrences of Platinum (Pt), Palladium (Pd), Copper (Cu) and Nickel (Ni) Sill Outcrop: 0.36 g/t Pt, Platinum Nugget: 0.64 g/t Pd 48g “Curran Nugget” 2.5 cm Boulder: 1.5 g/t Pt 1.5 g/t Pd 1.7% Cu and 1.0% Ni Republic of Ireland Dyke Outcrop: Dyke Intersection
Slide 18: Nickel, Copper & PGE – Northern Ireland
Nickel, Copper & PGE – Northern Ireland Government Regional TELLUS Soil Surveys Positive Nickel / Cobalt Soil Anomalies Positive Nickel / Copper Soil Anomalies KDR Antrim Licences Circa 750km2 KDR Colebrook Licences (Application proposed) Circa 1,000km2 18
Slide 19: Colebrooke Project
Colebrooke Project Snap Shot of Numerous Targets for Follow-Up (Compilation of Coincident Ni-Cu, Mag, Gravity and Structural Anomalies) Detailed sectioning of the gravity and magnetic inversion highlights near surface targets that are extensions of deep potential field sources NW SE Mag RTP & Cu UT8
Slide 20: Colebrooke Project
Colebrooke Project Snap Shot of Numerous Targets for Follow-Up (Compilation Coincident Ni in Soil , Mag, Gravity and Structural Anomalies) Detailed sectioning of the gravity and magnetic inversion highlights near surface targets that are extensions of deep potential field sources Ni Soil Geochemistr
Slide 21: Colebrooke Project
Colebrooke Project Snap Shot of Numerous Targets for Follow-Up (Compilation of Coincident Mag, Gravity and Mafic Dike Structural Anomalies) Detailed sectioning of the gravity and magnetic inversion highlights near surface targets that are extensions of deep potential field sources Line L_8N (NW-SE)
Slide 22: Antrim Project
Antrim Project Area Lava Group and Timings Anderson et al 2016 40 KM GSNI The Geology of Northern Ireland 22
Slide 23: Antrim Project
Antrim Project Snap Shot of Numerous Targets for Follow-Up (Compilation of Coincident Mag and Gravity Anomalies) Detailed sectioning of the gravity and magnetic inversion highlights near surface targets that are extensions of deep potential field sources Antrim Geology Antrim MagSus. X3 Antrim Bougu
Slide 24: Antrim Project
Antrim Project Snap Shot of Numerous Targets for Follow-Up (Compilation of Nickel in Stream and Soil Anomalies over Gravity Anomaly) Ni Soil Geochem. UT8 Ni Stream Seds. Geochem. UT8 Bouguer Gravity Anomaly 40 KM 24
Slide 25: Antrim Project
Antrim Project Snap Shot of Numerous Targets for Follow-Up (Compilation of Copper in Stream and Soil Anomalies over Gravity Anomaly) Cu ppm Soil Geochem. UT8 Cu ppm Stream Seds. Geochem. UT8 TDR Bouguer Gravity Anomaly 40 KM 25
Slide 26: Diamond Exploration and Mine Development in Finland
DIAMOND EXPLORATION AND MINE DEVELOPMENT IN FINLAND 26
Slide 27: Diamond Exploration Focus – Kuhmo Region
Diamond Exploration Focus – Kuhmo Region 27
Slide 28: Diamond Exploration Backtracking Kimberlite Indicator Minerals
Diamond Exploration Backtracking Kimberlite Indicator Minerals Kimberlite indicator minerals dispersion Glaciers eroded the top of the kimberlite train within glacial sediments dispersing the kimberlite indicator minerals within the glacial sediments Ice Flow 2,0 km Glacial Sediments KIMs Bedrock Di
Slide 29: Exploration Licences – Kuhmo Region
Exploration Licences – Kuhmo Region • A systematic exploration programme has been carried out by Karelian in the Finnish Sector of the Karelian Craton. • The Company has focussed on the diamond potential, including coloured diamonds, of the Kuhmo region to the northeast of Lahtojoki 29
Slide 30: Diamond Exploration Programme - Kuhmo
Diamond Exploration Programme - Kuhmo • Originally discovered by Malmikaivos / Ashton, Seitaperä has been shown by Karelian to be the largest known kimberlite pipe in Finland, with a surface area of 6.9Ha. • Karelian discovered a new kimberlite body extending for at least 250 meters (open in both di
Slide 31: Exploring for Green Diamond Source
Exploring for Green Diamond Source • Unmanned Aerial Vehicle (UAV) magnetic survey carried out yielding a series of targets for follow up. • These geophysics targets were followed up by a till sampling programme in 2023 for kimberlitic indicator minerals • 16 of the 25 basal till samples from this p
Slide 32: Proximity to Green Diamond Source
Proximity to Green Diamond Source • Analysis showed the presence of diamond stability field garnets (G10D) and other diamond-facies garnets (G4D and G5D) • The results indicate a deep mantle source for kimberlite originating from the diamond stability field where diamonds are formed Garnet Chemistry
Slide 33: Exploring for Green Diamond Source
Exploring for Green Diamond Source • Follow-up till sampling programme carried out in 2024 with samples sent to ODM in Canada for testing. Results are expected from this sample analysis in Q1 2025. • The samples were collected as close up-ice to the kimberlitic source area as is possible by excavato
Slide 34: Proximity to Green Diamond Source
Proximity to Green Diamond Source • A refined drilling plan is being planned for 2025-2026 and will be informed by the results from the 2024 till sampling programme from ODM and the high priority targets identified by the UAV EM survey shown above. 34
Slide 35: Lahtojoki Diamond Deposit
Lahtojoki Diamond Deposit 35
Slide 36: Lahtojoki Diamond Deposit
Lahtojoki Diamond Deposit • Independent Preliminary Economic Assessment (PEA) has been completed primarily based on the technical data of previous operators. • Deposit is known to contain pink and other coloured diamonds. • Permission to proceed with development at Lahtojoki is currently at an advan
Slide 37: Lahtojoki Deposit – Pink Diamonds
Lahtojoki Deposit – Pink Diamonds • Pink diamonds are highly sought after and can command prices of up to 20 times normal coloured diamonds • Financial effect of the presence of pink diamonds is not included in the PEA as their percentage content has yet to be measured and will be as part of the nex
Slide 38: Diamond Deposit in Mining Friendly Location
Diamond Deposit in Mining Friendly Location Mining in Finland • Finland has a highly skilled work force, advanced technical and logistical services and an established mining industry • Infrastructure is excellent with direct access by road and readily available adjacent power supply to the Lahtojoki
Slide 39: Lahtojoki – Adjacent potential
Lahtojoki – Adjacent potential Lahtojoki Mining Concession • Kimberlites tend to occur in clusters Lahtojoki Kimberlite • Kimberlite boulders have been discovered to the south of Lahtojoki which cannot be derived from the Lahtojoki Kimberlite • Exploration Permits have been secured over the boulder
Slide 40: Next Steps in Finland
Next Steps in Finland • Currently carrying out exploration work in the Kuhmo area with plans for 2025 to include follow up drilling informed by sample analysis and the results of the recent EM survey. • With finalisation of landowner compensation expected in H1 2025, Karelian is seeking a strategic
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