Diamond Sales

    RNS Number : 6612A
  KimCor Diamonds plc
  05 August 2008
   

    5 August 2008

    KimCor Diamonds plc
    ("KimCor" or the "Company")


    Diamond Sales

    KimCor (AIM: KIM), the AIM quoted diamond mining company is pleased to provide an update on the Company's recent diamond sale. 


    HIGHLIGHTS

    *     10,023.55 carats of diamonds recovered and sold for a total of US$708,181.95 representing an average sales value of US$70.65 per
carat;
    *     SMI4 production totaling 7,868.71 carats sold for US$558,874 representing an average sales value of US$71 per carat;
    *     SMI4 production included a number of larger stones recording excellent prices including individual stones weighing 24.45ct,
10.16ct, 9.65ct, 9.57ct, 7.91ct and 6.63ct returning sales values of US$166,260, US$10,363, US$12,303, US$10,981, US$8,068 and US$14,088
respectively;
    *     Newlands production totaling 1,278.45 carats sold for US$104,857 representing an average sales value of US$82 per carat;
    *     Newlands production included a number of larger stones including individual stones weighing 4.25ct, 3.14ct and 2.80ct returning
sales values of US$4,826, US$2,620 and US$2,270 respectively;
    *     Blaauwbosch tailings processing produced a total of 876.39 carats sold for US$44,449 at an average sales value of US$50.70 per
carat;
    *     As at 31 July 2008 a further 4,330 carats remain in inventory, which will be held for future tender.

    Martyn Churchouse, CEO of KimCor commented "These sales results are encouraging particularly for the SMI4 tailings operation, where the
excellent recoverable grades combined with above expectation sales values bodes well for the expansion of the operation."




    Enquiries:

    KimCor Diamonds plc                             Tel: [phone]
    Martyn Churchouse

    Strand Partners                                         Tel: [phone]
    Simon Raggett
    Warren Pearce
    Victoria Milne-Taylor

    Bishopsgate Communications Ltd       Tel: [phone]
    Maxine Barnes
    Nick Rome


This information is provided by RNS
The company news service from the London Stock Exchange
 
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