REG - BlueRock DiamondsPLC - 11.95 carat diamond discovered

Bluerock DiamondsAnnouncement

22/02/2022 07:01

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RNS Number : 3307C  BlueRock Diamonds PLC  22 February 2022

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

22 February 2022

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

 

11.95 carat diamond discovered

 

BlueRock Diamonds PLC, the AIM listed diamond producer, which owns and
operates the Kareevlei Diamond Mine ('Kareevlei') in the Kimberley region of
South Africa, announces the discovery of an 11.95 carat stone.  The stone
will go to tender later this week with an expected valuation in excess of
US$100,000.

 

Mike Houston, Executive Chairman said, "This is another excellent discovery
that underpins Kareevlei's ability to deliver large high value diamonds. Given
the stone's size and quality and continuing market buoyancy we look forward to
the upcoming tender to build on the success of the January sales, which
achieved an average price of USD565 per carat (2021 average: USD465ct)."

 

Large stones recovered in 2022/21

 

 Date sold 2022    Carats  Value USD000  Value per carat USD000
 February ((1))    11.95   >100          TBA when sold
 January           6.8     63            9.3
 Top 5 sales 2021
 August            58.6    585           10
 August            21.6    268           12.4
 August            14.3    236           16.5
 January           14.8    163           11
 March             8.4     89            10.6

Notes:

(1)   To be sold in the February tender

(2)   It is the Company's policy to announce all stones sold with a value of
in excess of USD50k

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.

 

**ENDS**

 

For further information, please visit BRD's
website www.bluerockdiamonds.co.uk (http://www.bluerockdiamonds.co.uk/)  or
contact:

 

 BlueRock Diamonds PLC

 Mike Houston                           mhouston@bluerockdiamonds.co.uk

 David Facey, FD                        d.facey@bluerockdiamonds.co.uk
 SP Angel (NOMAD and Broker)

 Stuart Gledhill / Caroline Rowe        Tel: +44 (0)20 3470 0470
 St Brides Partners Ltd (Financial PR)

 Isabel de Salis / Oonagh Reidy         bluerock@stbridespartners.co.uk

 

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 with a combined inferred
resource of 10.4 million tonnes / 516,200 carats (February 2021); based on its
planned production of 1 million tonnes per annum, this provides a minimum
10-year life of mine.

 

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