BlueRock Diamonds PLC Operations Recommence at Kareevlei (3691M)
11 Mayo 2020 - 01:00AM
UK Regulatory
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
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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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