LAF
LOLAF
LAF - Lonrho Africa Plc - Nare diamonds discovers 66 carat stone
Lonrho Africa Plc
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF; ISIN number: GB0002568813)
("Lonrho Africa" or "the Company")
Nare diamonds discovers 66 carat stone
Lonrho is pleased to announce the recovery of a 66.60 carat diamond by
Australian based diamond exploration and development company Nare Diamonds.
Lonrho holds a 19.05% interest in Nare Diamonds.
The diamond was found at the Schmidtsdrift mine in South Africa. It has an
I-colour classification, is octahedron in shape and is expected to yield a
high value.
The Schmidtsdrift mine is Nare`s leading project, having produced 7,624.25
carats from 1,203,277 tonnes at an average grade of 0.63 carats per hundred
tonnes since operations recommenced in April 2006.
So far 206 stones in excess of 5 carats in size have been recovered. This
includes a rare 235 carat stone, two 66 carat stones and 24 stones between
15 and 40 carats in size.
Nare has an 80% economic interest in the world class Schmidtsdrift diamond
mine in South Africa, with the remaining 20% owned by the Schmidtsdrift
Communal Property Association.
For further information please contact:
Lonrho Africa Plc +44 (0) 20 7016 5105
David Lenigas, Chief Executive +44 (0)7881 825 378
Emma Priestley, Executive Director +44 (0)7867 785 177
Pelham PR
Charles Vivian +44 (0) 20 7743 6672
+44 (0) 7977 297 903
Candice Sgroi +44 (0) 20 7743 6376
+44 (0) 7894 462 114
20th March, 2007
South African sponsor to Lonrho Africa Plc
Java Capital (Proprietary) Limited
Date: 20/03/2007 14:19:01 Produced by the JSE SENS Department.
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