DIAMONDCORP PLC - Conveyor belt commissioned

Conveyor belt commissioned

DiamondCorp plc
AIM share code: DCP & JSE share code: DMC
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)

("DiamondCorp" or "the Company")

CONVEYOR BELT COMMISSIONED

DiamondCorp, the Southern African diamond mining, development and exploration company,
is pleased to report that installation of the 400 tonne per hour underground conveyor belt
system from the first production level at the Lace mine to surface has been successfully
commissioned.

The Company’s web site has been updated with photographs of the first kimberlite being
brought to surface by conveyor belt, which can be accessed via the following link:
http://www.diamondcorp.plc.uk/investors-and-media/photo-gallery

DiamondCorp Chief Executive Officer, Paul Loudon, said: “Today marks a game changer with
respect to the development of the Lace mine as commissioning of the conveyor belts results
in an effective ten-fold increase in our capacity to haul ore out from the mine.

“Not only does the conveyor belt provide Lace with the ability to increase development rates,
the cost of future development will decrease in the absence of the need for trucks for waste
hauling as the underground loaders will now empty their buckets directly onto the end of the
conveyor belt which keeps getting extended as the development goes deeper. Until block
cave production commences, the use of trucks will be confined to hauling kimberlite from the
Upper K4 Block production level to the tipping point on the conveyor belt.”

The conveyor belt capacity has been sized at double the current front end capacity of the
processing plant so that future opportunities for increasing the underground mining rate are
not constrained by an inability to transport ore to surface, as well as providing an ability to
handle both kimberlite and development waste.

The Company can also confirm that the current drought conditions in South Africa will not
impact kimberlite mining ramp up as the additional storage dam capacity constructed last year
is full and holding enough water to process all kimberlite mining planned for the next 12
months.


Contact details:

DiamondCorp plc
Paul Loudon, Chief Executive
Tel: +27 56 216 1300
Euan Worthington, Chairman
Tel: +44 7753 862 097

UK Broker & Nomad
Panmure Gordon (UK) Limited
Dominic Morley/Adam James
Tel: +44 20 7886 2500

JSE Designated Advisor
Sasfin Capital (a division of Sasfin Bank Limited)
Megan Young
Tel: +27 11 445 8068

SA Corporate Advisor
Qinisele Resources Proprietary Limited
Dennis Tucker/Andrew Brady
Tel: +27 11 883 6358

12 November 2015

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