Share Name Share Symbol Market Type Share ISIN Share Description
BLUEROCK DIAMONDS PLC NEX:BRD.GB NEX Ordinary Share GB00BKKJK954
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -11.00p -8.91% 112.50p 117.00p 127.00p 123.50p 107.55p 123.50p 44,776 16:30:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

BlueRock Diamonds PLC Record 24.98 Carat Diamond Recovered

07/06/2019 12:30pm

UK Regulatory (RNS & others)


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BlueRock Diamonds PLC

07 June 2019

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

7 June 2019

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

Record 24.98 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 recovered its largest diamond to date, a 24.98 carat gem quality stone. This diamond will shortly be put to tender, the results of which will be known on Monday 17 June.

The largest diamond prior to this was 16.28 carats, which sold for USD 78,947.

Mike Houston, Executive Chairman commented, "This record recovery of such a high-quality diamond is an exciting milestone and underpins why we are so confident about the potential of the Kareevlei mine. We have a comprehensive development plan to increase production and I look forward to providing further updates as we progress."

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                 awaugh@bluerockdiamonds.co.uk 
  Mike Houston, Executive Chairman     dfacey@bluerockdiamonds.co.uk 
  David Facey, FD 
 SP Angel (NOMAD and Broker)                Tel: +44 (0)20 3470 0470 
  Stuart Gledhill / Caroline 
  Rowe 
                                    -------------------------------- 
 SVS Securities plc (Joint Broker) 
  Tom Curran                                Tel: +44 (0)20 3700 0100 
                                    -------------------------------- 
 Turner Pope Investments (Joint 
  Broker)                                  Tel: +44 (0) 20 3621 4120 
  Lewis Jones/Andy Thacker 
                                    -------------------------------- 
 St Brides Partners Ltd (Financial          Tel: +44 (0)20 7236 1177 
  PR) 
  Melissa Hancock / Juliet Earl 
                                    -------------------------------- 
 

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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