BRC’s tender realises $750,077

BRC DiamondCore Ltd. has realized US$750,077 from its second tender of diamonds - comprising a total of 1,651.02 carats - recovered from bulk sampling/trial mining at its Silverstreams alluvial and Paardeberg East kimberlite projects in South Africa’s Northern Cape Province.

Commenting on the tender for the month of April - comprising production from the two projects for the month of March - Theo Botoulas, CEO of the Company, said, the prices received are generally in line both with the continuing strong price trend and our expectations; however, the prices achieved for diamonds from Silverstreams and the PK5 deposit at Paardeberg East have been particularly encouraging.

A highlight for the March production month was the recovery of a 45.86 carat dark orange/brown stone from the eastern lobe of the PK1 kimberlite at Paardeberg East. This was withheld from the tender and will be beneficiated by the Company.

Such a large stone of unusual colour presents us with an opportunity to extract better value by having it cut and polished to our specification, then selling it ourselves, Mr. Botoulas said.

Other special stones - which were sold at tender - included a 10.22 carat fancy yellow dodecahedron sold for US$12,509 per carat and a 14.88 carat white dodecahedron sold for US$7,211 per carat, both recovered from Silverstreams; and a 9.97 carat rhombic dodecahedron sold for US$5,531 per carat and a 5.05 carat white dodecahedron sold for US$3,865 per carat, both recovered from Paardeberg East.

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