REG - BlueRock DiamondsPLC - Record 16.28 carat diamond recovered

Bluerock DiamondsAnnouncement

08/02/2019 16:05

RNS Number : 5496P
BlueRock Diamonds PLC
08 February 2019
 


BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
 
8 February 2019 
 
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Record 16.28 carat diamond recovered
 
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"), is pleased to announce that it has today recovered a 16.28 carat diamond of gem quality, 4.58 carats larger than our previous largest diamond.
 
The Company is arranging to have this diamond valued and will provide further updates in due course.
 
Adam Waugh, BlueRock's CEO commented, "This discovery follows hot on the heels of our recovery of an exceptional 8.97 carat diamond on Friday 1st February. The quality of these diamonds is a reminder of why we are so confident about the potential of the Kareevlei mine and the outlook for 2019."
 
The 8.97 carat diamond marked the third stone independently valued in excess of $50,000 mined from Kareevlei; the two previous record value stones were a 7.76 carat stone recovered in 2017 and sold for $10,070 per carat and a 10.58 carat stone recovered in 2018 and sold for $7,047 per carat. 
 
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


 
awaugh@bluerockdiamonds.co.uk
dfacey@bluerockdiamonds.co.uk




SP Angel (NOMAD and Broker)
Stuart Gledhill / Caroline Rowe


 
Tel: +44 (0)20 3470 0470




SVS Securities plc (Joint Broker)
Tom Curran


 
Tel: +44 (0)20 3700 0100




Turner Pope Investments (Joint Broker)
Lewis Jones/Andy Thacker


 
Tel: +44 (0) 20 3621 4120




St Brides Partners Ltd (Financial PR)
Melissa Hancock / Juliet Earl


 
Tel: +44 (0)20 7236 1177



 
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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