RCS - Gem Resources PLC - Operational Update

Gem ResourcesAnnouncement

13/01/2025 07:00

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RNS Number : 9598S  Gem Resources PLC  13 January 2025

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Gem Resources Plc

("GEMR" or the "Company")

Operational Update - Resumption of Operations at Gravelotte

 

Gem Resources Plc (LSE: GEMR), the owner and operator of the Gravelotte
Emerald Mine in South Africa, is pleased to announce the successful resumption
of operations following the seasonal annual leave shutdown, as outlined in our
Operational Updated released on 11 December 2024.

 

Key Updates:

•              Processing Recommenced: Processing activities at
the Gravelotte Emerald Mine have resumed as planned, following the completion
of the annual leave shutdown from mid-December.

·              Mining Resuming: Contract mining will recommence
shortly at the Cobra Open pit.

·              Heath & Safety and Environment (HSE): In line
with regulatory requirements and the Company's commitment to maintaining a
safe and healthy working environment, a full suite of health and safety checks
was conducted prior to the restart of operations. Key actions
included:

o  Annual Medical Examinations: All personnel underwent mandatory medical
assessments to ensure fitness for duty.

o  Safety Equipment Inspections: Routine inspections and maintenance of all
personal protective equipment (PPE), machinery, and site infrastructure were
completed .

o  Compliance and Training Refreshers: Refresher training on mine-specific
health and safety protocols, including hazard identification, workplace safety
practices, and compliance with applicable regulations, was carried out to
ensure all team members are fully aligned with operational requirements.

The Company is pleased to report a seamless transition back to operations,
with all systems functioning efficiently.

 

Next Steps and Outlook

 

 

Gem Resources Plc remains focused on building a significant emerald stockpile
in preparation for sale at auction. The timing of the auction will depend on
the volume and quality of material mine and stockpiled, as well as the annual
auction schedule managed by Bonas Group. Bonas typically conducts one or two
combined auctions per year for independent emerald producers of GEMR's scale,
ensuring adequate market interest and participation.

 

Further updates on operational progress and auction preparations will be
provided regularly in the coming months.

 

Enquiries:

 

 Gem Resources Plc                                                                                                                                           +44 (0)746 368 6497

 Chief Executive Officer

 Bernard Olivier

 Executive Director

 Peter Redmond

 Chief Operating Officer

Jeremy Sturgess-Smith

                                                                                                                                                           info@gemresources.co.uk (mailto:info@gemresources.co.uk)

 Peterhouse Capital Limited                                                                                                                                  +44 (0)20 7469 0930

 Joint Corporate Broker

 Lucy Williams

 Duncan Vasey

 Capital Plus Partners

 Joint Corporate Broker

 Jon                                                                                                                                                         +44 (0)203 821 6169
 Critchley

 CMC Markets

 Joint Corporate Broker                                                                                                                                      +44 (0)20 3003 8632

 Douglas Crippen

 

 

About Gem Resources Plc ("GEMR")

 

GEMR is an emerging emerald producer, focusing on the Gravelotte Emerald Mine.
Historically, GEMR is one of the world's largest emerald mines, located in
South Africa. The Company is committed to sustainable and efficient mining
practices, utilizing modern technology to revive this historically significant
emerald mine.  The Company has also acquired the Curlew Emerald Mine in
Australia, further expanding its emerald mining operations and assets.

 

For more information about Gem Resources Plc, including investor relations and
corporate news, please visit our website at www.gemresources.co.uk
(http://www.gemresources.co.uk) . Interested parties are also invited to
sign-up for our newsletter via our website.

 

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