Sale of 10.6 carat diamond for USD103,000

RNS Number : 1151N

BlueRock Diamonds PLC

20 September 2019

 

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

20 September 2019 

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

Sale of 10.6 carat diamond for USD103,000

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 sold a 10.6 carat diamond for USD103,000 (USD9,751/carat), in the September tender.

This is the sixth diamond that has been sold this year at a price of in excess of USD50,000 realising a total sale price of USD600,000 for these six stones.

The full tender results and production numbers for the quarter will be announced in the Q3 update, which will also include more details on costs along with updated guidance for FY2019.

Mike Houston, Executive Chairman commented, "I am pleased with the recovery and sale of yet another high value diamond which continues to underpin the increasing potential of the Kareevlei mine.  I look forward to updating our shareholders in the Q3 2019 quarterly update."

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, Executive Chairman David Facey, FD	C/O SBP Tel: [phone]
SP Angel (NOMAD and Broker) Stuart Gledhill / Caroline Rowe	Tel: [phone]
Turner Pope Investments (Joint Broker) 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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