BlueRock Diamonds PLC Record 24.98 Carat Diamond Recovered (5578B)
June 07 2019 - 7:30AM
UK Regulatory
TIDMBRD
RNS Number : 5578B
BlueRock Diamonds PLC
07 June 2019
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
7 June 2019
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Record 24.98 carat diamond recovered
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"), is pleased to announce that
it has recovered its largest diamond to date, a 24.98 carat gem
quality stone. This diamond will shortly be put to tender, the
results of which will be known on Monday 17 June.
The largest diamond prior to this was 16.28 carats, which sold
for USD 78,947.
Mike Houston, Executive Chairman commented, "This record
recovery of such a high-quality diamond is an exciting milestone
and underpins why we are so confident about the potential of the
Kareevlei mine. We have a comprehensive development plan to
increase production and I look forward to providing further updates
as we progress."
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 awaugh@bluerockdiamonds.co.uk
Mike Houston, Executive Chairman dfacey@bluerockdiamonds.co.uk
David Facey, FD
SP Angel (NOMAD and Broker) Tel: +44 (0)20 3470 0470
Stuart Gledhill / Caroline
Rowe
--------------------------------
SVS Securities plc (Joint Broker)
Tom Curran Tel: +44 (0)20 3700 0100
--------------------------------
Turner Pope Investments (Joint
Broker) Tel: +44 (0) 20 3621 4120
Lewis Jones/Andy Thacker
--------------------------------
St Brides Partners Ltd (Financial Tel: +44 (0)20 7236 1177
PR)
Melissa Hancock / Juliet Earl
--------------------------------
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 rns@lseg.com or visit www.rns.com.
END
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