Burgundy Diamond Mines Limited has released an extensive update to its long‐term mine plan at the Ekati diamond operation, detailing major revisions to the Fox Underground and Misery Main deposits as well as new insights from a bulk sample trial at Point Lake. The new life‐of‐mine (LOM) plan spans 2025 to 2040 and incorporates updated Mineral Resource and Ore Reserve estimates, reflecting a refined geological model and changes in mining methods. Notably, the Fox Underground deposit now features robust economics supported by an updated prefeasibility study where a shift from incline caving to sublevel retreat mining—with the adoption of a Railveyor system—has reduced capital costs and accelerated ore release. In the revised Fox plan, Ore Reserves have increased by 2.6 million tonnes and an additional 0.3 million carats are now classified as Probable reserves, while the Mineral Resource update shows a modest change in grade that has been integrated in the economic analysis. The technical update reveals that the Fox Underground project, with an initial capital expenditure of about US$350 million, is forecast to deliver post‐tax net present values between US$272 million and US$352 million and internal rates of return in the 30‑32% range, with a short payback period of around three years. Detailed production profiles and sensitivity analysis indicate that while the project remains most sensitive to fluctuations in diamond price and grade, the model retains a positive NPV across a wide range of scenarios, barring a steep 25% drop in these key parameters. Meanwhile, for the Misery Main deposit, recent drilling and density measurements have extended the mine plan to mid‑2027 (or later in the upside case) and have refined resource estimates, even though a significant portion of the material remains in the inferred category due to technical challenges in upgrading drill data through the dense, clay‐rich kimberlite matrix. At Point Lake, a bulk sample trial processed 122,291 dry metric tonnes and recovered 67,757 carats—at an average valuation of US$52 per carat—which is approximately 27% below earlier estimates. This outcome has prompted management to defer further open pit production until mid‑2026 while stockpiled ore remains available to support the processing plant's feed during a reduced operational schedule. The announcement also provides detailed diamond price forecasts for the various deposits, signaling steadily climbing prices in the coming years for Fox Underground and other areas, which underpins the economic case laid out in the updated LOM plan. The release is accompanied by extensive technical disclosures that adhere to rigorous industry standards and the JORC Code guidelines, covering everything from drilling and sampling techniques through to detailed modelling assumptions and environmental considerations. While these technical details are meant to assure investors of the robust nature of the analysis, they also highlight risks such as permitting delays, potential lower-than‐expected diamond grades, increased dilution in deeper zones, and operational challenges in adverse ground conditions—all factors that could impact future profitability. For investors, the news is bullish in that it extends Ekati’s mine life by 14 years, improves project economics through lower capital outlays and optimized mining methods, and confirms that updated resource models support robust production profiles with strong IRR and NPV metrics. However, cautious note is warranted given the considerable reliance on inferred resources in parts of the plan, sensitivity of the project to diamond prices and grades, and the complexity inherent in managing such a large-scale, long-life mining operation. Beginners are advised to consider both the promising technical and financial improvements as well as the inherent risks in these forward-looking estimates when evaluating the company’s long-term prospects.