BlueRock Diamonds PLC Recovery of 12.6 Carat Diamond (5074H)
December 04 2020 - 2:00AM
UK Regulatory
TIDMBRD
RNS Number : 5074H
BlueRock Diamonds PLC
04 December 2020
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
4 December 2020
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Recovery of 12.6 Carat Diamond
BlueRock Diamonds plc, the AIM listed diamond mining company, is
pleased to announce that it has recovered a 12.6 carat diamond from
its Kareevlei Diamond Mine in the Kimberley region of South Africa
('Kareevlei' or the 'Project').
Mike Houston, Executive Chairman commented , "In line with our
reporting policy to inform the market of diamonds recovered
estimated to be valued at over $50k, we are delighted to announce
that another large diamond has been recovered from Kareevlei. To
put this into perspective, given the average engagement ring weight
in the UK is 0.6 carats, a 12.6-carat diamond is considered
exceptional. We are hopeful that the recovery of this diamond marks
the start of mining better quality diamonds, having worked through
a difficult area in recent months."
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 mhouston@bluerockdiamonds.co.uk
Mike Houston dfacey@bluerockdiamonds.co.uk
David Facey, FD
SP Angel (NOMAD and Broker) Tel: +44 (0)20 3470 0470
Stuart Gledhill / Caroline Rowe
---------------------------------
St Brides Partners Ltd (Financial Tel: +44 (0)20 7236 1177
PR)
Isabel de Salis / Cosima Akerman
---------------------------------
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCTJBATMTTMBAM
(END) Dow Jones Newswires
December 04, 2020 02:00 ET (07:00 GMT)
Bluerock Diamonds (LSE:BRD)
Historical Stock Chart
From Apr 2024 to May 2024
Bluerock Diamonds (LSE:BRD)
Historical Stock Chart
From May 2023 to May 2024