Diamondcorp Plc Lace Mine Ramp Up Commences From Uk4 Block (1732J)
December 16 2015 - 2:00AM
UK Regulatory
TIDMDCP
RNS Number : 1732J
Diamondcorp Plc
16 December 2015
16 December 2015
DiamondCorp plc
AIM share code: DCP & JSE share code: DMC
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
("DiamondCorp" or "the Company")
lace mine ramp up commences from uk4 block
DiamondCorp, the Southern African diamond mining, development
and exploration company, is pleased to report that production ramp
up has commenced from the Upper K4 Block ("UK4") at the Lace mine,
in the Free State Province of South Africa.
The first UK4 production is coming from the 310m level, where
the slot is being opened up to the drive vertically above it on the
290m level. Once the slot is mined by the end of Q1 2016 and all
trough tunnels completed during Q2 2016, longhole ring blasting for
production troughs will commence.
UK4 production from January 2016 to the end of March 2016 is
scheduled to average 4,000 tonnes per month: April to June 2016, an
average of 15,000 tonnes per month, then full production of 30,000
tonnes per month from July 2016 onwards.
DiamondCorp Chief Executive Officer, Paul Loudon, said: "Today
is an historic day for the Lace mine as it marks the start of the
ramp up towards commercial production from underground at Lace for
the first time since October 1930. Production to date has come from
access development and tailings retreatment; from now on production
will be dominated by mining development, stoping and block
caving."
Contact details:
DiamondCorp plc
Paul Loudon, Chief Executive
Tel: +27 56 216 1300
Euan Worthington, Chairman
Tel: +44 7753 862 097
UK Broker & Nomad
Panmure Gordon (UK) Limited
Dominic Morley/Adam James
Tel: +44 20 7886 2500
JSE Designated Advisor
Sasfin Capital (a division of Sasfin Bank Limited)
Megan Young
Tel: +27 11 445 8068
SA Corporate Advisor
Qinisele Resources Proprietary Limited
Dennis Tucker/Andrew Brady
Tel: +27 11 883 6358
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCKMMMZVKNGKZM
(END) Dow Jones Newswires
December 16, 2015 02:00 ET (07:00 GMT)
Diamondcorp (LSE:DCP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Diamondcorp (LSE:DCP)
Historical Stock Chart
From Jul 2023 to Jul 2024