High quality 14.3 carat diamond discovered

RNS Number : 1036J

BlueRock Diamonds PLC

19 August 2021

 

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

19 August 2021

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

High quality 14.3 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 a 14.3 carat stone, the third high quality large stone in August to date.

Mike Houston, Executive Chairman said, "I am delighted to report the discovery of another high quality and high value diamond, a 14.3 carat stone.  

"The discovery of this diamond, which swiftly follows the discoveries of a 58.6 carat and a 21.6 carat stone in the past few weeks, provides further encouragement for the 'size frequency distribution forecast' that indicate our pipes should deliver large carat diamonds.

"I look forward to reporting on the realised value for these three exceptional stones following the conclusion of the August tender at the end of this month."

Large stones recovered in 2021

Date sold 2021	Carats	Value US$	Value per carat US$
August (1)	14.3	TBA	TBA
August (1)	58.6	TBA	TBA
August (1)	21.6	TBA	TBA
May	6.3	52,000	8.300
March	8.4	89,000	10.600
	10.7	73,000	6.800
	9.8	53,000	5.500
January	14.8	163,000	11.000

(1)  To be sold in the August tender

(2)  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 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 / Susie Geliher	Tel: [phone]

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. 

 

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