BlueRock Diamonds PLC Diamond sale update (4492Z)

TIDMBRD

RNS Number : 4492Z

BlueRock Diamonds PLC

25 January 2022

BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources

25 January 2022

BlueRock Diamonds PLC ('BlueRock' or the 'Company')

Diamond sale update

BlueRock Diamonds PLC, the AIM listed diamond producer, which owns and operates the Kareevlei Diamond Mine ('Kareevlei') in the Kimberley region of South Africa, announces that it sold a 6.8 carat stone for USD63,186 in the January 2022 sale.

Mike Houston, Executive Chairman said, "We recently announced we had two potentially high value stones to sell in the January tender and although one fell under our $50k disclosure threshold, we are delighted to have sold a 6.8 carat stone for USD63,186. What was particularly encouraging was the average price of USD565 per carat achieved for the total January tender (2021 average: $465ct) - a reflection of the continued overall quality of Kareevlei diamonds and the strong market demand seen so far in 2022."

Large stones recovered in 2022/21

 
 Date sold 2022      Carats   Value USD000   Value per carat 
                                                      USD000 
 January                6.8             63               9.3 
                    -------  -------------  ---------------- 
 Top 5 sales 2021 
                    ---------------------------------------- 
 August                58.6            585                10 
                    -------  -------------  ---------------- 
 August                21.6            268              12.4 
                    -------  -------------  ---------------- 
 August                14.3            236              16.5 
                    -------  -------------  ---------------- 
 January               14.8            163                11 
                    -------  -------------  ---------------- 
 March                  8.4             89              10.6 
                    -------  -------------  ----------------

Notes: It is the Company policy to announce all stones sold with a value of in excess of USD50k

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

**ENDS**

For further information, please visit BRD's website www.bluerockdiamonds.co.uk or contact:

 
 BlueRock Diamonds PLC 
  Mike Houston                         mhouston@bluerockdiamonds.co.uk 
  David Facey, FD                       d.facey@bluerockdiamonds.co.uk 
----------------------------------  ---------------------------------- 
 SP Angel (NOMAD and Broker) 
  Stuart Gledhill / Caroline Rowe             Tel: +44 (0)20 3470 0470 
----------------------------------  ---------------------------------- 
 St Brides Partners Ltd (Financial 
  PR)                                  bluerock@stbridespartners.co.uk 
  Isabel de Salis / Oonagh Reidy

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.

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

DISBIMPTMTTTBRT

(END) Dow Jones Newswires

January 25, 2022 02:00 ET (07:00 GMT)

Bluerock Diamonds (LSE:BRD)
Historical Stock Chart
From Jun 2024 to Jul 2024