BlueRock Diamonds PLC Move to Continuous Operations (0031T)
15 March 2019 - 8:00PM
UK Regulatory
TIDMBRD
RNS Number : 0031T
BlueRock Diamonds PLC
15 March 2019
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
15 March 2019
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Move to Continuous Operations
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 received the necessary permissions to allow it to move to
365-day operations.
The Company is now finalising its preparations for the move to
continuous operations. Although this is slightly later than had
been anticipated, it has not had any material impact upon published
guidance for production volume in Q1 2019 of between 35,000 tonnes
to 45,000 tonnes. The production volume for the first quarter is
expected to be nearer the upper end of this range.
A further update on full year production guidance for 2019 will
be released in due course.
Adam Waugh, CEO, commented, "The move to 365-day operations is a
significant step in our drive to increase production volumes and
move towards profitability. We look forward to updating the market
as further progress is made."
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
Adam Waugh, CEO 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
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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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