Tender Results

RNS Number : 8481Q

BlueRock Diamonds PLC

22 February 2019

 

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

22 February 2019

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

Tender Results

BlueRock Diamonds PLC, the AIM listed diamond producer, which owns and operates the Kareevlei Diamond Mine ('Kareevlei' or the 'Mine') in the Kimberley region of South Africa, is pleased to announce the sales of the 8.97 carat diamond and the 16.28 carat diamond, recovered earlier this month as reported in the Company's announcements of 5 and 8 February 2019 respectively.

The 8.97 diamond achieved a price of $8,306 per carat valuing it at $74,513 and the 16.28 carat diamond sold for $4849 per carat valuing it at $78,947.

Adam Waugh, CEO, commented, "We have sold two high quality 8.97 carat and 16.28 carat,  D colour diamonds in the February tender, further strengthening our confidence in the potential of the Mine and the quality of diamonds it produces."

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.

 

END

 

 

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