Bluerock Diamonds Plc (BRD) ORD GBP0.05
BlueRock Diamonds plc is engaged in diamond mining in the Kimberley region of South Africa. The Company, through its subsidiary, Kareevlei Mining Proprietary Limited, has the Mining Right in respect of the Kareevlei Tenements and associated mining equipment, including a diamond processing facility. The Kareevlei Tenements are located in the Northern Cape Province of South Africa, approximately 100 kilometers northwest of the town of Kimberley. The Kareevlei Tenements include the Kareevlei Kimberlites, approximately five kimberlite pipes ranging in size from 0.5 hectares to 5.6 hectares. Its license area covers approximately 3,000 hectares and it intends to perform evaluation on the area, as well as look for Kimberlite assets in the Northern Cape. It is focused on exploiting and developing its pipe, KV2, which covers an area of 1.1 hectares and has an inferred grade of approximately 4.6 carats per hundred tons (cpht). The Company's other kimberlite pipes include KV2, KV3, KV4 and KV5.
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