6 Feb 2017 11:07
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 plc Adam Waugh, CEO awaugh@bluerockdiamonds.co.uk | SP Angel Corporate Finance LLP Nominated Adviser & 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.