BlueRock Diamonds PLC Trading Update (1191W)
06 February 2017 - 10:07PM
UK Regulatory
TIDMBRD
RNS Number : 1191W
BlueRock Diamonds PLC
06 February 2017
BlueRock Diamonds plc
("BlueRock" or "the Company")
6 February 2017
Trading update
Following its announcement on 18 January 2017 BlueRock is
pleased to give the following update on operations at Kareevlei,
its licence area in the Northern Cape of South Africa containing
five known kimberlite pipes.
The significant recent rainfall has caused some delays to the
recommencement of operations but, nevertheless, drilling has now
commenced in the pit in preparation for blasting soon after,
following which we expect to have a continuous supply of run of
mine material for processing. The continued rainfall has
significantly improved the water reserves which is welcome for the
short and medium term requirements for the plant.
In advance of the blast we will continue to test the plant by
processing stockpiled kimberlite which although limited in quantity
and not necessarily a good indication of future grades, will enable
us to make final adjustments to the set-up of the plant and new
crushing circuit prior to starting operations in earnest.
Adam Waugh, CEO commented:
"Whilst this minor delay is frustrating, it remains a minor
delay and we are using the time to fine tune our new configuration.
I look forward to updating the market on our progress in the near
future."
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.
Enquiries:
BlueRock Diamonds SP Angel Corporate
plc Finance LLP
Adam Waugh, CEO Nominated Adviser &
awaugh@bluerockdiamonds.co.uk Broker
Stuart Gledhill / Lindsay
Mair
+44 (0) 20 3470 0470
About BlueRock Diamonds plc (AIM: BRD)
BlueRock is a diamond mining company with activities in the
Kimberley region of South Africa. BlueRock owns a diamond
processing plant and the mining right over the Kareevlei Tenements
in South Africa.
This information is provided by RNS
The company news service from the London Stock Exchange
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