BlueRock Diamonds confirms significant rise in production
"I am pleased to report a record quarter for three of our main KPIs: production, carats produced and grade,” said chairman Mike Houston
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"I am pleased to report a record quarter for three of our main KPIs: production, carats produced and grade,” said chairman Mike Houston
Production for 2021 is estimated to jump to between 34,000 to 46,000 carats.
An immediate programme is now getting underway to identify drill targets.
Paradoxically, the junior explorers have held their value better than the producers
The AIM-listed diamond mining company noted that this marks the second high-value stone recovered at Kareevlei in the current quarter
The miner said diamonds mined in August from the main pit of the project had averaged 5.1 carats per hundred tonnes, well above the internal target of 4 cpht
The group, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, said the stones were sold at an average price of US$330 per carat
The 12.12 carat stone was recovered in July from the company's Kareevlei mine, located in the Kimberley region of South Africa
The acquisition includes 73 mining leases and tenements in Australia as well as certain related buildings, plants, fixtures and other equipment
Norseman Capital - soon to be Norseman Silver Inc - has listed in Toronto after its recent transaction
Broker Shore capital called the newly discovered diamond "a whopper"
CEO Clifford Elphick said a portion of the proceeds from the sale will fund a special community project in Lesotho, where the mine is located
Lord of Seven Hills Holdings already holds around 51.5% of Fura and is a majority shareholder
Fura has already paid C$280,465 as a deposit to be released upon completion, which is expected to be in early to mid-August this year
The company noted that funding for diamond exploration has become increasingly difficult to secure due to challenging conditions in the overall diamond industry.
With the third advance, no further funds remain available for drawdown under the US$28.6 million grid promissory note
The vast project lies in the northern portion of the flat-lying Kimberley Plateau and is road and tidewater accessible
The miner is planning to increase its production volume to a run rate of 1mln tonnes, or 45,000 carats, per annum by the end of 2020
BlueRock has recently sold a large parcel of stones privately
The firm is transitioning the asset from an artisanal property to a fully mechanised mine