22nd Dec 2020 14:31
BlueRock Diamonds PLC - South African-focused miner - Completes drilling at Kareevlei diamond mine in South Africa, leading to "an increased provisional resource estimate". Says final updated resource statement to be published in January. Provisional resource shows 43% increase in tonnes of ore, 52% jump in carats and 6% rise in grade. Says crushing circuit at Kareevlei to be commissioned by early January. Forecasts first quarter output of 130,000 tonnes, up 75% annually. Guidance for 2021 unchanged at range of 850,000 to 1.0 million tonnes of ore.
Current stock price: 47.28 pence
Year-to-date change: down 58%
By Eric Cunha; [email protected]
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