TIDMSEFA
RNS Number : 2265T
Shefa Yamim (A.T.M.) Ltd
19 March 2019
B"H
19 March 2019
Shefa Yamim (A.T.M.) Ltd.
("Shefa Yamim" or the "Company")
Independent Valuation of Shefa Yamim's Suite of Precious
Stones
Cut and polished Blue Carmel Sapphire(TM) valued at US$7,000 per
carat and Natural Moissanite(TM) valued at US$10,000 per carat
Shefa Yamim (LSE: SEFA), a precious stone exploration and
prospecting Company in Northern Israel, is pleased to announce that
it has received an independent expert opinion and valuation of its
suite of precious stones ("the Report").
This report was compiled by Dr Gavrielov Gila an expert
gemmologist. Dr Gavrielov has over 40 years of expertise and
experience in the appraisal and purchase of precious stones for use
in jewellery. Highlights of her career include joint ventures with
Rapaport and the British Gemmological Institute (BGI) evaluating
gemstones, diamonds and jewellery. She has also established a
jewellery design business.
The main purpose of the Report was to provide a professional
opinion regarding the value of the suite of precious stones found
in exploration activity carried out by the Company in the Kishon
Mid Reach alluvial deposit in the north of Israel. This is
especially important as there are two unique and rare minerals
found in the Company's suite of precious stones ("Gem Box"),
Natural Moissanite(TM) and Carmel Sapphire(TM). The Natural
Moissanite(TM) found by the Company, is the largest in both volume
and size ever found globally (single crystals to >4mm). The
Carmel Sapphire(TM) is not found anywhere else in the world and is
formed of the rare mineral Carmeltazite, a newly discovered mineral
internationally recognised by the International Mineralogical
Association Commission on New Minerals, Nomenclature, and
Classification.
Independent valuation of stones in Shefa Yamim's Gem Box
Shefa Yamim Gemstone Cut & Polished price
per carat
(US$)
Natural Moissanite(TM)
(crystals till <4mm and rough only) 10,000
---------------------
Blue Carmel Sapphire(TM) (Cabochon
cut) 7,000
---------------------
Black Carmel Sapphire(TM) (Cabochon
cut) 5,000
---------------------
Hibonite 1000
---------------------
Sapphire 500
---------------------
Ruby 500
---------------------
Spinel 150
---------------------
Ilmenite 105
---------------------
Garnet 50
---------------------
Zircon 100
---------------------
CPX 45
---------------------
Mix KIM's (Garnet, ilmenite, spinel,
CPX) 30
---------------------
Rutile 25
---------------------
In the introduction to the report Dr Gavrielov notes:
"It is important to note that this "Gem Suite" comprises
extremely rare and unique minerals that to-date have not been found
on earth. These are Natural Moissanite(TM) (SiC - Diamond Plus1),
which were discovered by the company during exploration activity in
the largest quantities and sizes in the world (as published by the
GIA in August 2014). In addition is the Carmel Sapphire(TM)
(already a registered trade mark by the company) and the
Carmeltazite within the Carmel Sapphire(TM) - a completely new
mineral recognized as such by the IMA Commission on New Minerals,
Nomenclature, and Classification. It can only be found in the Holy
Land by Shefa Yamim exploration activity. The mineral is trapped
inside the corundum from Volcanic Rocks of Mt. Carmel. Its origins
have lent the mineral its name: "CARMEL" from the location of its
discovery on Mt. Carmel (primary source), and "TAZ" from its major
chemical components (Titanium, Aluminum, and Zirconium).
"Another way in which the Shefa Yamim operation is remarkable is
that while we are accustomed to seeing mines of diamonds, sapphires
or rubies, this is the first time ever that a large variety of
precious and rare gemstones has been found in one deposit. This is
the reason why Shefa Yamim has called itself a "multi-commodity"
exploration company.
"In my opinion, not only are the gems singular in their rarity
and origins in the Holy Land, but the mine life is limited to an
approximated 15 years maximum. This limited availability adds to
the value of the gemstones."
Avi Taub, CEO of Shefa Yamim, said: "We are delighted to have
the valuation report done by such an eminent expert. This report in
conjunction with the Technical Economic Evaluation for our Kishon
Mid-Reach Zone 1 project has confirmed the Company's assumptions
regarding the significant commercial potential of the project as we
move towards developing our first mine in the Kishon Mid-Reach Zone
1.
"I look forward to updating the market with further developments
as we progress in implementing our 'Mine to Market' strategy to
distribute worldwide fine jewellery collections using precious
stones from our 'Gem Box' suite, which we believe can bring
significant value to shareholders."
- Ends -
Enquiries
Shefa Yamim (A.T. M.) Ltd
Avi Taub, Chief Executive Officer
www.shefayamim.com +44 20 7618 9100
----------------------------
VSA Capital Limited - Financial
Adviser and Broker
----------------------------
Andrew Raca +44 20 3005 5000
----------------------------
SI Capital Limited - Broker
----------------------------
Greg Mahoney, Nick Emerson and Jon +44 20 3871 4038 / +44 1483
Levinson 413500
----------------------------
Luther Pendragon
----------------------------
Harry Chathli, Alexis Gore +44 20 7618 9100
----------------------------
Notes to Editors
About Shefa Yamim (A.T.M.)
Shefa Yamim (LSE: SEFA) is a multi-commodity explorer of
precious stones operating in Northern Israel. Exploration activity
is managed by professionally skilled and technically competent
personnel and is accompanied by an international team of geological
experts with decades of proven experience in their fields.
All exploration activities are conducted under international
standards and the internationally recognised SAMREC 2016 Code.
Furthermore, its permits, granted to it by the Commissioner of
Mines, extend over an area of approximately 600,000 Dunam (60,000
hectares) that includes the Kishon River, the volcanic bodies on
Mount Carmel, the Zevulun and Yizre'el valleys and their margins -
Menashe Hills, Tivon-Alonim Hills, and Nazareth range. The Company
upholds environmental values and protects the nature in the areas
where it operates, cooperating fully with all authorities.
Shefa Yamim is currently focused on developing a "Mine to
Market" strategy, which includes exploration, mining, designing and
selling its jewellery pieces containing gemstones from the Holy
Land. As part of this strategy, the Company is collaborating with
award-winning jewellery designer, Yossi Harari, who has created a
unique 24k gold, "Heaven on Earth" jewellery collection with Shefa
Yamim's rare gemstones. www.shefayamim.com
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END
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