BlueRock Diamonds PLC Sale of 10.6 carat diamond for USD103,000 (1151N)
September 20 2019 - 4:16AM
UK Regulatory
TIDMBRD
RNS Number : 1151N
BlueRock Diamonds PLC
20 September 2019
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
20 September 2019
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Sale of 10.6 carat diamond for USD103,000
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 10.6 carat diamond for USD103,000
(USD9,751/carat), in the September tender.
This is the sixth diamond that has been sold this year at a
price of in excess of USD50,000 realising a total sale price of
USD600,000 for these six stones.
The full tender results and production numbers for the quarter
will be announced in the Q3 update, which will also include more
details on costs along with updated guidance for FY2019.
Mike Houston, Executive Chairman commented, "I am pleased with
the recovery and sale of yet another high value diamond which
continues to underpin the increasing potential of the Kareevlei
mine. I look forward to updating our shareholders in the Q3 2019
quarterly update."
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 C/O SBP
Mike Houston, Executive Chairman Tel: +44 (0)20 7236 1177
David Facey, FD
SP Angel (NOMAD and Broker) Tel: +44 (0)20 3470 0470
Stuart Gledhill / Caroline Rowe
---------------------------
Turner Pope Investments (Joint Tel: +44 (0) 20 3621 4120
Broker)
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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