BlueRock Diamonds (LON: BRD) has revealed a significantly increased resource at the Kareevlei diamond mine in South Africa. This means that the mine has at least ten years life even before additional exploration.
There was a 49% increase in resource to 10.4 million net tonnes and a 53% increase in net carats to 516,200. The overall grade has edged up to 5 carats per tonne.
There was also 19% of the resource upgraded to indicated resources. The indicated resource from the KV1 and KV2 pipes is 108,600 and it was nil previously.
BlueRock plans to produce one million tonnes per annum. La...
