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Recovery of second diamond over 20 carats

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RNS Number : 9484N
BlueRock Diamonds PLC
27 September 2019
 

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

27 September 2019 

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

Recovery of second diamond over 20 carats

 

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 recovered a 20.72 carat stone of gem quality.

 

This is the second stone recovered from Kareevlei in excess of 20 carats.  The previous stone was 24.98 carats and sold for USD190,000.  The sale price of the current stone will be announced following the completion of the October tender.

 

Mike Houston, Executive Chairman commented, "I am highly encouraged by the recovery of yet another significant stone which is of a similar quality to a number of other larger stones that we have recovered recently. I look forward to updating the market on the sale price following the completion of the October tender."

 

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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Investor Update: BlueRock Diamonds makes record sale for one of its stones

Headlines from the Proactive UK newsroom. BlueRock Diamonds (LON:BRD) has sold a 20.72 carat diamond unearthed in September for US$236,000. It is the highest value achieved to date for a single stone form the Kareevlei mine.  Rockfire Resources (LON:ROCK) has hit a large sulphide zone...

on 28/10/19