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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bluerock Diamonds Plc | LSE:BRD | London | Ordinary Share | GB00BKKJK954 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBRD
RNS Number : 5074H
BlueRock Diamonds PLC
04 December 2020
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
4 December 2020
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Recovery of 12.6 Carat Diamond
BlueRock Diamonds plc, the AIM listed diamond mining company, is pleased to announce that it has recovered a 12.6 carat diamond from its Kareevlei Diamond Mine in the Kimberley region of South Africa ('Kareevlei' or the 'Project').
Mike Houston, Executive Chairman commented , "In line with our reporting policy to inform the market of diamonds recovered estimated to be valued at over $50k, we are delighted to announce that another large diamond has been recovered from Kareevlei. To put this into perspective, given the average engagement ring weight in the UK is 0.6 carats, a 12.6-carat diamond is considered exceptional. We are hopeful that the recovery of this diamond marks the start of mining better quality diamonds, having worked through a difficult area in recent months."
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 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) Isabel de Salis / 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.
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END
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(END) Dow Jones Newswires
December 04, 2020 02:00 ET (07:00 GMT)
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