Independent Valuation of Shefa Yamim's Gemstones

RNS Number : 2265T

Shefa Yamim (A.T.M.) Ltd

19 March 2019

 

B"H

19 March 2019

Shefa Yamim (A.T.M.) Ltd.

("Shefa Yamim" or the "Company")

Independent Valuation of Shefa Yamim's Suite of Precious Stones

Cut and polished Blue Carmel Sapphire^TM valued at US$7,000 per carat and Natural Moissanite^TM valued at US$10,000 per carat

Shefa Yamim (LSE: SEFA), a precious stone exploration and prospecting Company in Northern Israel, is pleased to announce that it has received an independent expert opinion and valuation of its suite of precious stones ("the Report").

This report was compiled by Dr Gavrielov Gila an expert gemmologist. Dr Gavrielov has over 40 years of expertise and experience in the appraisal and purchase of precious stones for use in jewellery. Highlights of her career include joint ventures with Rapaport and the British Gemmological Institute (BGI) evaluating gemstones, diamonds and jewellery. She has also established a jewellery design business. 

The main purpose of the Report was to provide a professional opinion regarding the value of the suite of precious stones found in exploration activity carried out by the Company in the Kishon Mid Reach alluvial deposit in the north of Israel. This is especially important as there are two unique and rare minerals found in the Company's suite of precious stones ("Gem Box"), Natural Moissanite™ and Carmel Sapphire™. The Natural Moissanite™ found by the Company, is the largest in both volume and size ever found globally (single crystals to >4mm). The Carmel Sapphire™ is not found anywhere else in the world and is formed of the rare mineral Carmeltazite, a newly discovered mineral internationally recognised by the International Mineralogical Association Commission on New Minerals, Nomenclature, and Classification.

Independent valuation of stones in Shefa Yamim's Gem Box

Shefa Yamim Gemstone	Cut & Polished price per carat (US$)
Natural Moissanite™ (crystals till <4mm and rough only)	10,000
Blue Carmel Sapphire™ (Cabochon cut)	7,000
Black Carmel Sapphire™ (Cabochon cut)	5,000
Hibonite	1000
Sapphire	500
Ruby	500
Spinel	150
Ilmenite	105
Garnet	50
Zircon	100
CPX	45
Mix KIM's (Garnet, ilmenite, spinel, CPX)	30
Rutile	25

In the introduction to the report Dr Gavrielov notes:

"It is important to note that this "Gem Suite" comprises extremely rare and unique minerals that to-date have not been found on earth. These are Natural Moissanite™ (SiC - Diamond Plus1), which were discovered by the company during exploration activity in the largest quantities and sizes in the world (as published by the GIA in August 2014). In addition is the Carmel Sapphire™ (already a registered trade mark by the company) and the Carmeltazite within the Carmel Sapphire™ - a completely new mineral recognized as such by the IMA Commission on New Minerals, Nomenclature, and Classification. It can only be found in the Holy Land by Shefa Yamim exploration activity. The mineral is trapped inside the corundum from Volcanic Rocks of Mt. Carmel. Its origins have lent the mineral its name: "CARMEL" from the location of its discovery on Mt. Carmel (primary source), and "TAZ" from its major chemical components (Titanium, Aluminum, and Zirconium).

"Another way in which the Shefa Yamim operation is remarkable is that while we are accustomed to seeing mines of diamonds, sapphires or rubies, this is the first time ever that a large variety of precious and rare gemstones has been found in one deposit. This is the reason why Shefa Yamim has called itself a "multi-commodity" exploration company.

"In my opinion, not only are the gems singular in their rarity and origins in the Holy Land, but the mine life is limited to an approximated 15 years maximum. This limited availability adds to the value of the gemstones."

Avi Taub, CEO of Shefa Yamim, said: "We are delighted to have the valuation report done by such an eminent expert. This report in conjunction with the Technical Economic Evaluation for our Kishon Mid-Reach Zone 1 project has confirmed the Company's assumptions regarding the significant commercial potential of the project as we move towards developing our first mine in the Kishon Mid-Reach Zone 1.  

"I look forward to updating the market with further developments as we progress in implementing our 'Mine to Market' strategy to distribute worldwide fine jewellery collections using precious stones from our 'Gem Box' suite, which we believe can bring significant value to shareholders."

- Ends -

Enquiries

Shefa Yamim (A.T. M.) Ltd
Avi Taub, Chief Executive Officer www.shefayamim.com	[phone]
VSA Capital Limited - Financial Adviser and Broker
Andrew Raca	[phone]
SI Capital Limited - Broker
Greg Mahoney, Nick Emerson and Jon Levinson	[phone] / [phone]
Luther Pendragon
Harry Chathli, Alexis Gore	[phone]

Notes to Editors

About Shefa Yamim (A.T.M.)

Shefa Yamim (LSE: SEFA) is a multi-commodity explorer of precious stones operating in Northern Israel. Exploration activity is managed by professionally skilled and technically competent personnel and is accompanied by an international team of geological experts with decades of proven experience in their fields.

All exploration activities are conducted under international standards and the internationally recognised SAMREC 2016 Code. Furthermore, its permits, granted to it by the Commissioner of Mines, extend over an area of approximately 600,000 Dunam (60,000 hectares) that includes the Kishon River, the volcanic bodies on Mount Carmel, the Zevulun and Yizre'el valleys and their margins - Menashe Hills, Tivon-Alonim Hills, and Nazareth range. The Company upholds environmental values and protects the nature in the areas where it operates, cooperating fully with all authorities.  

Shefa Yamim is currently focused on developing a "Mine to Market" strategy, which includes exploration, mining, designing and selling its jewellery pieces containing gemstones from the Holy Land. As part of this strategy, the Company is collaborating with award-winning jewellery designer, Yossi Harari, who has created a unique 24k gold, "Heaven on Earth" jewellery collection with Shefa Yamim's rare gemstones. www.shefayamim.com  

 

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