trending Market Intelligence /marketintelligence/en/news-insights/trending/x1jk1yUUXxK8lIm-y_pUlg2 content esgSubNav
In This List

Study pegs gross value of Karelian Diamond's Lahtojoki project at US$211M

Blog

World Exploration Trends 2022

Blog

Gold Market Outlook

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push


Study pegs gross value of Karelian Diamond's Lahtojoki project at US$211M

A preliminary economic assessment on Karelian Diamond Resources Plc's Lahtojoki diamondiferous kimberlite pipe in southeastern Finland estimated that 2.11 million carats are recoverable, giving it a gross value of US$211 million.

The study, using a price of US$100 per carat, pegged a net present value, discounted at 8%, of US$39.1 million, a 55% internal rate of return, and a nine-year life of mine.

The capital cost is estimated at US$22 million, including process plant costs of US$14 million, infrastructure costs of US$3 million and working and sustaining capital costs of US$5 million.

The payback period is anticipated to be two years, the company said Aug. 1.

Based on the results, the company is recommending the development of an open pit operation.