Record 16.28 carat diamond recovered

RNS Number : 5496P

BlueRock Diamonds PLC

08 February 2019

 

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

8 February 2019 

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

Record 16.28 carat diamond recovered

BlueRock Diamonds plc, the AIM listed diamond mining company, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa ("Kareevlei"), is pleased to announce that it has today recovered a 16.28 carat diamond of gem quality, 4.58 carats larger than our previous largest diamond.

The Company is arranging to have this diamond valued and will provide further updates in due course.

Adam Waugh, BlueRock's CEO commented, "This discovery follows hot on the heels of our recovery of an exceptional 8.97 carat diamond on Friday 1st February. The quality of these diamonds is a reminder of why we are so confident about the potential of the Kareevlei mine and the outlook for 2019."

The 8.97 carat diamond marked the third stone independently valued in excess of $50,000 mined from Kareevlei; the two previous record value stones were a 7.76 carat stone recovered in 2017 and sold for $10,070 per carat and a 10.58 carat stone recovered in 2018 and sold for $7,047 per carat. 

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) Melissa Hancock / 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.

 

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