REG - BlueRock DiamondsPLC - Diamond Sale Update

Bluerock DiamondsAnnouncement

11/10/2022 12:45

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RNS Number : 5205C  BlueRock Diamonds PLC  11 October 2022

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

11 October 2022

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

 

Diamond Sale Update

 

BlueRock Diamonds PLC, the AIM listed diamond producer, which owns and
operates the Kareevlei Diamond Mine ('Kareevlei') in the Kimberley region of
South Africa, is pleased to announce that it sold a 10.22 carat stone in its
September 2022 sale yielding USD122,888.

 

BlueRock CEO, Victor Dingle, said, "Kareevlei continues to yield highly
coveted, quality diamonds, which sell at premium prices as highlighted by this
recent tender that saw the sale of a 10.22 carat stone for c.USD123k; as our
new mine plan develops, we envisage an increasing number of similar
discoveries."

 

Table 1: Large stones recovered in 2022

 Date sold 2022  Carats  Value    Value per carat

                         USD000   USD000
 September       10.22   123      12
 August          11.62   84       7.2
                 10.02   81       8.1
                 9.04    76       8.4
                 6.77    52       7.6
                 6.88    52       7.5
                 10.35   50       4.8
 July            5.97    55       9
                 7.4     67       9
 March           19.3    116      6
                 12.7    128      10
                 8.7     104      12
                 6.6     63       9.5
 February        11.9    211      17.6
                 8.3     96       8.3
                 13.6    78       5.8
                 7.5     75       10
 January         6.8     63       9.3

Note: It is Company policy to announce all stones sold with a value 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 BlueRock's
website www.bluerockdiamonds.co.uk (http://www.bluerockdiamonds.co.uk/)  or
contact:

 

 BlueRock Diamonds PLC

 Victor Dingle, CEO                     v.dingle@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 / Charlotte Page       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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