BlueRock Diamonds
Kareevlei mine processing plant
AIM-quoted BlueRock Diamonds has raised £860 000 via the issue of 68 800 000 new ordinary shares of 1 pence each in the capital of the company to develop Kareevlei mine.

BlueRock Diamonds’ blast programme, at the Kareevlei mine, has now completed the removal of the calcrete cap (at a level of 0 m to approximately 10 m) from the entire kimberlite pipe and by mid-August 2017, BlueRock Diamonds will have completed the blasting and processing of the entire first level of Kimberlite (10m to 20m) which comprised calcretised kimberlite.

Thereafter, BlueRock Diamonds will blast the lower level kimberlite where test results indicate a marked increase in grade is expected which should allow the mine to move into operational profitability.

Production continues to improve with BlueRock Diamonds having achieved 20 000 tonnes of production during July 2017.  August 2017 has started well and it is hoped that there will be an increase on July’s tonnage.

BlueRock Diamonds continues to evaluate the whole area covered within the 3 000 ha of the Mining Right and will shortly be test drilling at a minimal cost certain anomalies that have been identified.

Once confident that current operations are operating as expected, it is the BlueRock Diamonds board’s intention to explore further on the current site (which has a total of five identified kimberlite pipes) and to commence the bulk sampling work on project Jubilee.

“These funds will enable us to complete some minor modifications to our plant designed to increase production volumes further and provide the working capital to put us in a position to achieve our short term goal of 25 000 tons production per month,” says BlueRock Diamonds CEO, Adam Waugh.

“We will soon be mining the sub 20 metre level of kimberlite where we expect to see uplift in our grade of diamonds recovered and a move to profitable mining.

This will put us in a good position to optimise our known resource at Kareevlei and explore new opportunities,” concludes Waugh.

Feature image credit: BlueRock Diamonds