Operations Recommenced at Kareevlei

RNS Number : 4510O

BlueRock Diamonds PLC

30 January 2019

 

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

30 January 2019

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

Operations Recommenced Following Lifting of Temporary Suspension at Kareevlei

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 that further to the Company's announcement of 24 January 2019, the temporary suspension of operations at Kareevlei due to the imposition of a section 54 notice from South Africa's mining regulator (the Department of Mineral Resources) received on 22 January 2019 has been lifted and operations have now recommenced. 

The Company is also pleased to report that the individual involved in the accident is expected to make a full recovery.

As previously stated, the temporary suspension is not expected to impact upon the Company's production volume guidance for the year.

Market Abuse Regulation (MAR) Disclosure - Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

For further information, please visit BRD's website www.bluerockdiamonds.co.uk or contact:

BlueRock Diamonds PLC Adam Waugh, CEO David Facey, FD	[e-mail] [e-mail]
SP Angel (NOMAD and Broker) Stuart Gledhill / Caroline Rowe	Tel: [phone]
SVS Securities plc (Joint Broker) Tom Curran	Tel: [phone]
Turner Pope Investments (Joint Broker) Lewis Jones/Andy Thacker	Tel: [phone]
St Brides Partners Ltd (Financial PR) Lottie Wadham / Juliet Earl	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.  As at November 2018, it was estimated that the remaining Inferred Mineral Resource from the four kimberlite pipes (KV1, KV2, KV3 and KV5) represents a potential inground number of carats of 367,000.

 

END

 

 

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