Diamond Sale Update

RNS Number : 5205C

BlueRock Diamonds PLC

11 October 2022

 

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

11 October 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, is pleased to announce that it sold a 10.22 carat stone in its September 2022 sale yielding USD122,888 .  

BlueRock CEO, Victor Dingle, said, "Kareevlei continues to yield highly coveted, quality diamonds, which sell at premium prices as highlighted by this recent tender that saw the sale of a 10.22 carat stone for c.USD123k; as our new mine plan develops, we envisage an increasing number of similar discoveries."

Table 1: Large stones recovered in 2022

Date sold 2022	Carats	Value USD000	Value per carat USD000
September	10.22	123	12
August	11.62	84	7.2
	10.02	81	8.1
	9.04	76	8.4
	6.77	52	7.6
	6.88	52	7.5
	10.35	50	4.8
July	5.97	55	9
	7.4	67	9
March	19.3	116	6
	12.7	128	10
	8.7	104	12
	6.6	63	9.5
February	11.9	211	17.6
	8.3	96	8.3
	13.6	78	5.8
	7.5	75	10
January	6.8	63	9.3

Note: It is Company policy to announce all stones sold with a value 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 BlueRock's website  www.bluerockdiamonds.co.uk  or contact:

BlueRock Diamonds PLC Victor Dingle, CEO	[e-mail]
SP Angel (NOMAD and Broker) Stuart Gledhill / Caroline Rowe	Tel: [phone]
St Brides Partners Ltd (Financial PR) Isabel de Salis / Charlotte Page	[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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