REG - BlueRock DiamondsPLC - Tender Results

Bluerock DiamondsAnnouncement

22/02/2019 07:45

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


 
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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