Recovery of 12.6 Carat Diamond

RNS Number : 5074H

BlueRock Diamonds PLC

04 December 2020

 

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

4 December 2020

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

Recovery of 12.6 Carat Diamond

BlueRock Diamonds plc, the AIM listed diamond mining company, is pleased to announce that it has recovered a 12.6 carat diamond from its Kareevlei Diamond Mine in the Kimberley region of South Africa ('Kareevlei' or the 'Project').

Mike Houston, Executive Chairman commented,  "In line with our reporting policy to inform the market of diamonds recovered estimated to be valued at over $50k, we are delighted to announce that another large diamond has been recovered from Kareevlei.  To put this into perspective, given the average engagement ring weight in the UK is 0.6 carats, a 12.6-carat diamond is considered exceptional.  We are hopeful that the recovery of this diamond marks the start of mining better quality diamonds, having worked through a difficult area in recent months."

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 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 / Cosima Akerman	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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