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BlueRock DiamondsPLC - COVID-19 Update

RNS Number : 4690J
BlueRock Diamonds PLC
14 April 2020
 

BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources

14 April 2020

BlueRock Diamonds PLC ('BlueRock' or the 'Company')

COVID-19 Update

 

BlueRock Diamonds PLC, the AIM listed diamond producer, which owns and operates the Kareevlei Diamond Mine ('Kareevlei') in the Kimberley region of South Africa, announces an update in relation to the COVID-19 pandemic.

 

On Thursday 9 April, the President of South Africa announced an extension to the strict lock down until the end of April 2020.  This action has no direct impact upon the Company's strategy announced on 7 April 2020.

 

BlueRock Executive Chairman, Mike Houston, said, "The extension to the lock down period is not a surprise and is consistent with what is happening in countries around the world.  The extension has no direct impact upon our strategy and we continue to ensure that we minimise costs whilst we are in care and maintenance and to explore alternative ways to commercialise our product so that we are best placed to fire up production as soon as we are able. 

 

"I will ensure we keep the market fully briefed on any material changes."

 

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

 

 

BlueRock Diamonds PLC

Mike Houston

David Facey, FD

 

[email protected]

[email protected]

SP Angel (NOMAD and Broker)

Stuart Gledhill / Caroline Rowe

 

Tel: +44 (0)20 3470 0470

St Brides Partners Ltd (Financial PR)

Susie Geliher / Cosima Akerman

 

Tel: +44 (0)20 7236 1177

 

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.


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Price: 45.2501

Market: AIM
Market Cap: £2.38 m
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