StockMarketWire.com - BlueRock Diamonds has confirmed that its primary crushing and screening circuit has been commissioned and that the plant upgrade is now complete but the move to extended continuous processing and then to 24 hour processing has been hampered by unusually high rainfall.

BlueRock - which owns a diamond processing plant and the mining right over the Kareevlei Tenements in South Africa - said it had been able to operate full processing for a longest continuous period of seven hours, with the plant demonstrating hourly capacity in line with expectations.

It said processing continues, but the move to extended continuous processing and then to 24 hour processing had been hampered by the continued unusually high rainfall being experienced in the Northern Cape with rainfall in January and February alone representing almost double the full year average experienced over recent years.

It said delays experienced in the planned transition to 24 hour processing would have the effect of delaying revenue and cash flows from the production and sale of diamonds.

Chief executive Adam Waugh said: "I am pleased to report that the upgrade to the plant is now complete although the continued wet weather remains a source of frustration.

"The next step is to move to 24 hour production and I look forward to updating the market shortly in this regard."


At 9:52am: [LON:BRD] Bluerock Diamonds Plc Ord 1p share price was -0.38p at 3.88p



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