Recovery of 9.7 Carat Diamond

RNS Number : 6201Y

BlueRock Diamonds PLC

10 September 2020

 

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

10 September 2020

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

Recovery of 9.7 Carat Diamond

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' or the 'Project'), is pleased to announce that it has recovered a 9.7 carat diamond with an initial independent valuation estimate of $75,000.  This marks the second high value stone recovered at Kareevlei in the quarter.

Mike Houston, Executive Chairman commented,  "I am very pleased to be able to inform the market of the recovery of yet another high value diamond.  I note that high quality run of mine diamonds have been recovered in addition to this high value stone.  As we make further progress mining from KV Main Pit, the frequency of recovering high value stones is expected to continue to improve and further underpin the potential of the Kareevlei mine."

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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