SpaceX IPO is the biggest IPO in stock market history. Join the conversation.Click here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBRD.L Regulatory News (BRD)

  • There is currently no data for BRD

Progress Update

5 Mar 2014 07:00

RNS Number : 5227B
BlueRock Diamonds PLC
05 March 2014
Ā 



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

Ā 

Progress Update

Ā 

5 March 2014

Ā 

Further to the announcement made on 9 December 2013, the Directors of BlueRock are pleased to announce an operational update.

Ā 

Mining Operations

Ā 

An additional approximately 70,000 tonnes of the calcrete overburden has been excavated to a depth of between 8 to 10 metres from the north west side of pipes K1 and K2. Weathered kimberlite has been encountered at lower levels albeit diluted with calcretised kimberlite as expected. Approximately 750 tonnes of diluted kimberlite mixture has been processed through the DMS plant and sorted (the "Initial Processing").

Ā 

Drilling and blasting of the floor of the open pit from approximately 8 to 20 metres from surface has now been completed. The processing of this weathered kimberlite material is expected to occur during March 2014.

Ā 

Treatment and Recovery Plant

Ā 

Following the initial refurbishment and commissioning of the DMS processing plant which commenced in December 2013, further work was required to improve the crushing circuits in order to increase the front-end plant capacity. This work was completed in January 2014 and since then the DMS plant has been shown to operate for sustained periods above the expected 25tph. Accordingly, it remains the Board's expectation that operational capacity of 12,000 tonnes per month is achievable using the existing plant during the trial mining phase. The final recovery plant has also been recommissioned successfully.

Due to unusually heavy rain during the first half of February 2014, the plant was only fully operational towards the end of February when the Initial Processing took place.

Diamond Recovery

The Directors are pleased to report that the first diamonds were recovered from the Initial Processing although the volume processed is too small to be statistically significant. The Company will assess its recovery on a continuous basis and will report its findings once a statistically significant sample is recovered.

The Board looks forward to updating shareholders with further developments.

Enquiries:

BlueRock Diamonds plc

Riaan Visser, CEO

www.bluerockdiamonds.co.uk

Ā 

Ā 

+27 (0) 84 431 0118

SP Angel Corporate Finance LLP Nominated Adviser & Broker

David Facey / Katy Birkin / Liz Yong

+44 (0) 20 3463 2260

Ā 

This information is provided by RNS
The company news service from the London Stock Exchange
Ā 
END
Ā 
Ā 
MSCDZLFBZXFFBBV
Date   Source Headline
24th Aug 20177:00 amRNSDiamond Sales and Production Update
18th Aug 201710:17 amRNSHolding(s) in Company
14th Aug 20179:51 amRNSHolding(s) in Company
10th Aug 20177:38 amRNSIssue of New Share Options
10th Aug 20177:07 amRNSPlacing and Subscription raises £860,000
4th Aug 201712:00 pmRNSResult of AGM
26th Jul 20177:00 amRNSProduction and Sales Update
20th Jul 20177:00 amRNSFinancing Update
5th Jul 20177:00 amRNSProduction Update
30th Jun 20177:00 amRNSFinal Results
30th Jun 20177:00 amRNSTotal Voting Rights
1st Jun 20171:34 pmRNSPlacing and Subscription raises £366,000
2nd May 20177:00 amRNSNew Kimberlite prospect and April tender update
13th Apr 20174:44 pmRNSReplacement - Operational update
13th Apr 20177:00 amRNSOperational Update
15th Mar 20177:00 amRNSOperational update and Loan Facility
1st Mar 20177:00 amRNSTrading Update
23rd Feb 20178:02 amRNSClaims by a former director to the Company
14th Feb 20177:00 amRNSTrading Update
6th Feb 201711:07 amRNSTrading Update
31st Jan 20179:24 amRNSTotal Voting Rights
19th Jan 201710:57 amRNSIssue of New Share Options
18th Jan 20177:00 amRNSTrading Update
9th Dec 20161:32 pmRNSAcquisition and Settlement Agreement and RPT
30th Nov 20167:00 amRNSTotal Voting Rights
22nd Nov 201612:30 pmRNSOperational update
2nd Nov 201610:29 amRNSFundraising raises £750,000 and revision to CLN
20th Oct 201611:09 amRNSResult of GM and clarification of previous RNS
19th Oct 201612:02 pmRNSResignation of Director
4th Oct 20161:40 pmRNSNotice of GM
29th Sep 20167:00 amRNSInterim results for the period ended 30 June 2016
19th Sep 20163:47 pmRNSResignation of Director
7th Sep 20161:56 pmRNSOption to acquire Diacar Plant and update
26th Aug 201610:24 amRNSOperational Update
26th Jul 201610:45 amRNSResult of AGM
12th Jul 201611:21 amRNSUpdate on Strategic Review
30th Jun 201612:04 pmRNSFinal Results
22nd Jun 201610:29 amRNSMine Manager Appointment
4th May 20161:47 pmRNSReplacement - Director dealing
3rd May 20163:44 pmRNSDirector dealing
28th Apr 201611:51 amRNSPlacing raises £700,000
18th Apr 20168:36 amRNSManagement Change
31st Mar 201610:14 amRNSOperational Update
26th Jan 20167:00 amRNSAcquisition of Diamond Resources
12th Jan 20167:00 amRNSExercise of Options
16th Dec 20151:26 pmRNSOperational Update
7th Dec 20152:51 pmRNSBoard Changes
5th Nov 20157:00 amRNSContract with Diacar and operational update
30th Oct 20157:00 amRNSTotal Voting Rights
27th Oct 201511:06 amRNSConvertible Loan Note

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.