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TIDMPDF 
 
RNS Number : 6006E 
Pangea DiamondFields PLC 
23 December 2009 
 

 
 
 
 
 
 
 
 
Pangea DiamondFields plc 
('Pangea' or the 'Company') 
 
 
Operational Update 
 
 
Pangea DiamondFields plc (AIM: PDF), the diamond producer and exploration 
company, announces that the upgrade of processing facilities at the Company's 
Cassanguidi project in Angola is now complete. 
 
 
The Interim Results announcement of 29 September projected a processing level 
expected to be around 37,500 m3 of in situ gravel mined and processed per month, 
producing around 8,000 carats per month. With the upgrade of the processing 
plant now complete, management has taken the opportunity to reassess these 
targets and the Cassanguidi operation will now work to ramp up production in the 
first quarter of 2010 to a revised target of 6,000 carats per month based on the 
plant processing approximately 30,000 m3 of in situ gravels. Cash costs at 
steady state production levels are expected to be between US$ 16.00 and US$ 
18.00 per m3 of in situ gravel mined and processed.  The ramp up to production 
will commence when seasonal rains abate in the New Year.  Additional earthmoving 
equipment is being relocated from our South African operations to Cassanguidi 
early in 2010 to coincide with the expected improvement in weather and to 
augment the fleet currently on the ground. 
 
 
December's production has been negatively impacted by logistical challenges and 
breakdowns with the project's primary excavators which are in the process of 
being resolved. This is likely to hamper production in January ahead of the next 
expected diamond sale in late January 2010. Notwithstanding the shareholder loan 
announced on 10 December 2009, the Company continues to be reliant as going 
concern on the Cassanguidi production scaling up without delay and being able to 
source additional bridging funding if that proves not to be the case. 
 
 
Chief Executive Boris Kamstra said, ""Cassanguidi target production at current 
prices will put the Company in a cash positive position. At that point, we 
intend to assess our portfolio of projects against an expected improvement in 
rough diamond prices and revise our strategy accordingly, including a review of 
the financing options required to achieve the Company's strategic plans. This 
process will begin early in 2010." 
 
 
 
 
Further information: 
 
 
+---------------------------+----------------------------+---------------------------+ 
| Pangea DiamondFields plc  | Ambrian Partners Limited   | Walbrook PR Ltd           | 
|                           |                            |                           | 
+---------------------------+----------------------------+---------------------------+ 
| Boris Kamstra             | Richard Brown /            | Louise Goodeve / Leah     | 
|                           | Richard Greenfield         | Kramer                    | 
+---------------------------+----------------------------+---------------------------+ 
| T: +27 11 438 4100        | T: +44 (0) 20 7634 4700    | T: +44 (0) 20 7933 8780   | 
|                           |                            |                           | 
+---------------------------+----------------------------+---------------------------+ 
 
 
 
 
 
 
 
 
Notes to Editors: 
 
 
About Pangea Diamondfields PLC 
 
 
Pangea DiamondFields plc (AIM: PDF) is an emerging diamond producer and 
exploration company with a portfolio of eight projects each with multiple 
resource targets, located in the Central African Republic, Democratic Republic 
of the Congo, South Africa and Angola. The Company aims to minimise risk by 
diversifying its projects geographically. 
 
 
PDF listed on AIM in October 2006 and is led by a strong management team, with a 
track record for creating shareholder value in mineral exploration. 
 
 For more information on PDF, please visit: 
http://www.pangeadiamondfields.com/ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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