11.95 carat diamond discovered

RNS Number : 3307C

BlueRock Diamonds PLC

22 February 2022

 

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

22 February 2022

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

11.95 carat diamond discovered

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 the discovery of an 11.95 carat stone.  The stone will go to tender later this week with an expected valuation in excess of US$100,000.

Mike Houston, Executive Chairman said, "This is another excellent discovery that underpins Kareevlei's ability to deliver large high value diamonds. Given the stone's size and quality and continuing market buoyancy we look forward to the upcoming tender to build on the success of the January sales, which achieved an average price of USD565 per carat (2021 average: USD465ct)."

Large stones recovered in 2022/21

Date sold 2022	Carats	Value USD000	Value per carat USD000
February (1)	11.95	>100	TBA when sold
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:

(1)  To be sold in the February tender

(2)  It is the Company's 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 David Facey, FD	[e-mail] [e-mail]
SP Angel (NOMAD and Broker) Stuart Gledhill / Caroline Rowe	Tel: [phone]
St Brides Partners Ltd (Financial PR) Isabel de Salis / Oonagh Reidy	[e-mail]

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. 

 

END

 

 

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