Updated resource for BlueRock’s Karevleei diamond mine confirms ten year life

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BlueRock Diamonds PLC (LON:BRD) has released an updated resource statement for its Kareevlei diamond mine in the Kimberley region of South Africa.

Provisional figures were previously released in December 2020.

The new official number shows an increase in net tonnes of ore to 10,368,300 supported a 53% increase in net carats to 516,200.

What’s more, 19% of the resource has been upgraded to the indicated category.

“The resource statement confirms the provisional figures released in December 2020 and based on our planned production of one million tonnes per annum, provides a minimum 10-year life of mine,” said BlueRock executive chairman, Mike Houston. 

“The board is confident that the resource will increase further, once more work is completed on KV3, our largest pipe, where at present only 40% of this pipe’s volume is included in resource. I am pleased to note that the competent person, as a result of the mining to date, felt it appropriate to upgrade a significant tonnage of our resource from inferred to indicated. This recategorization further strengthens our confidence in Kareevlei’s future.”


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