TIDMBRD

RNS Number : 3691M

BlueRock Diamonds PLC

11 May 2020

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

11 May 2020

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

Operations Recommence

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 both mining and processing operations at Kareevlei have recommenced as of this morning. The Company expects to be operating at capacity by the end of May 2020, however, its expansion plans remain on hold.

BlueRock Executive Chairman, Mike Houston, said, "Management and the Board have put a lot of effort and thought into the start-up of our Kareevlei operation and in particular the safety of our employees and the risks associated with production and the market in what is a challenging and developing situation. We look forward to providing further details in due course."

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

 
 BlueRock Diamonds PLC                mhouston@bluerockdiamonds.co.uk 
  Mike Houston                         dfacey@bluerockdiamonds.co.uk 
  David Facey, FD 
 SP Angel (NOMAD and Broker)          Tel: +44 (0)20 3470 0470 
  Stuart Gledhill / Caroline Rowe 
                                    --------------------------------- 
 St Brides Partners Ltd (Financial    Tel: +44 (0)20 7236 1177 
  PR) 
  Susie Geliher / Cosima Akerman 
                                    --------------------------------- 
 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 11, 2020 02:00 ET (06:00 GMT)

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