StockMarketWire.com - BlueRock Diamonds is encouraged by production results at the Kareevlei mine in South Africa.

It said that volumes of around its target of 1,250 tonnes per day had been achieved, albeit not consistently due to the continued exceptional levels of rainfall and to be expected commissioning issues arising from the plant laying idle for over 6 months.

It said that in March, the plant processed 9,310 tonnes and in April, so far, 3,330 tonnes from effectively three days of production until processing was halted by heavy rainfall on 6 April.

An update said: "We anticipate that now that the commissioning issues are largely resolved and once the rain finally subsides (we are nearing the end of the rainy season) we will be able to exceed our current monthly target of 25,000 tonnes per month.

"Since recommencing operations recovered grade has been improving from initially 1.53 cpht, where the lower grade was impacted by very wet kimberlite and the fact that this included some recovery from earlier stockpiles, to the most recent results of 3.02cpht.

"Further changes to the processing plant are being made which the board expects will show continued improvement to grade."

Chief executive Adam Waugh said: "Whilst it is still early days and there is limited data to provide greater detail we are encouraged by our production results and recovery to date.

"We expect to provide greater detail at the end of April following the April tender results."




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