BlueRock Diamonds PLC Sale of Three Large Diamonds (7721T)
March 29 2021 - 1:00AM
UK Regulatory
TIDMBRD
RNS Number : 7721T
BlueRock Diamonds PLC
29 March 2021
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
29 March 2021
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Sale of Three Large Gem Quality Stones
BlueRock Diamonds PLC, the AIM listed diamond producer, which
owns and operates the Kareevlei Diamond Mine ('Kareevlei') in the
Kimberley region of South Africa, is pleased to announce, in
accordance with its announcement policy, the sale of the three
recently recovered gem quality stones of 8.4 carats, 10.6 carats
and 9.7 carats. The stones were sold for USD88,000, USD73,000 and
USD53,000 respectively.
BlueRock Executive Chairman, Mike Houston, said, "I am very
pleased to announce the sale of the three large gem quality stones
recovered in mid-March for an aggregate USD214,000. The sale of
these three high value stones also follows the sale of a 14.8 carat
stone for USD170,000 in January. I look forward to updating the
market in our quarterly report, which will be released next
month."
Top five Kareevlei diamonds by value to date
Date Recovered Carats Sales Value USD Value per carat
USD
October 2019 20.7 236,000 11,400
------- ---------------- ----------------
February 2019 24.9 190,000 7,900
------- ---------------- ----------------
December 2020 14.8 167,000 11,000
------- ---------------- ----------------
July 2019 12.2 105,000 8,600
------- ---------------- ----------------
September 2020* 12.1 104,000 8,600
------- ---------------- ----------------
* based on valuation as sold as part of a parcel.
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
BlueRock Diamonds PLC mhouston@bluerockdiamonds.co.uk
Mike Houston dfacey@bluerockdiamonds.co.uk
David Facey, FD
SP Angel (NOMAD and Broker) contact@spangel.co.uk
Stuart Gledhill / Caroline Rowe
---------------------------------
St Brides Partners Ltd (Financial info@stbridespartners.co.uk
PR)
Isabel de Salis / Cosima Akerman
/ Susie Geliher
---------------------------------
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 with a combined inferred resource
of 10.4 million tonnes / 516,200 carats (February 2021); based on
its planned production of 1 million tonnes per annum, this provides
a minimum 10-year life of mine.
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END
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