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Sale of 7.63 carat diamond for USD$52,000

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RNS Number : 4096J
BlueRock Diamonds PLC
19 August 2019
 

BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources

19 August 2019 

BlueRock Diamonds PLC ('BlueRock' or the 'Company')

Sale of 7.63 carat diamond for USD$52,000

 

BlueRock Diamonds plc, the AIM listed diamond mining company, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa ("Kareevlei" or the "Project"), is pleased to announce that it has sold a 7.63 carat diamond for USD52,000 (USD6,815/carat), in the August tender.

 

This is the fifth diamond that has been sold this year at a price in excess of USD50,000 realising a total sale price of USD500,000.

 

Mike Houston, Executive Chairman commented, "The continued and improving regularity of discovery of high-quality stones underpins the potential value of the Project and the effectiveness of our recent improvements in operational practises.  I look forward to updating our shareholders on further developments at Kareevlei as we continue to implement operational initiatives to optimise the performance of the mine."

 

Market Abuse Regulation (MAR) Disclosure - Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 

**ENDS**

 

For further information, please visit BRD's website www.bluerockdiamonds.co.uk or contact:

 

 

BlueRock Diamonds PLC

Mike Houston, Executive Chairman

David Facey, FD

C/O SBP

Tel: +44 (0)20 7236 1177

SP Angel (NOMAD and Broker)

Stuart Gledhill / Caroline Rowe

Tel: +44 (0)20 3470 0470

Turner Pope Investments (Joint Broker)

Andy Thacker

 Tel: +44 (0) 20 3621 4120

St Brides Partners Ltd (Financial PR)

Melissa Hancock / Juliet Earl

Tel: +44 (0)20 7236 1177

 

Notes to editors:

BlueRock Diamonds is an AIM-listed diamond producer which operates the Kareevlei Diamond Mine near Kimberley in South Africa which produces diamonds of exceptional quality and ranks in the top ten in the world in terms of average value per carat. The Kareevlei licence area covers 3,000 hectares and hosts five known diamondiferous kimberlite pipes. As at November 2018, it was estimated that the remaining Inferred Mineral Resource from the four kimberlite pipes (KV1, KV2, KV3 and KV5) represents a potential inground number of carats of 367,000.

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Price: 111.5

Market: AIM
Market Cap: £3.63 m
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on 28/10/19