Business
Operational Update
Operational Update.
About this update from Gem Resources Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"UK MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n\n \nGem Resources Plc\n(\"GEMR\" or the \"Company\")\nOperational Update - Gravelotte Emerald Mine, South Africa\nGem Resources Plc (LSE: GEMR), the owner and operator of the Gravelotte Emerald Mine in South Africa, is pleased to provide the following operational update on progress at the Company's flagship Gravelotte Emerald Mine in South Africa.\n \nHighlights\n \n• Upgraded processing plant operating consistently at up to 100 tonnes per day\n\n• Hard rock mining commenced in late January 2025 with very encouraging emerald recoveries from newly exposed ore zone\n\n• Consistent production maintained in February and March\n \nFollowing the successful commissioning of its purpose-built emerald processing plant in mid-2024, GEMR completed a key upgrade in December 2024 with the installation of a double-deck vibrating washing and sizing screen. This enhancement increased plant throughput by approximately 45% and significantly improved recovery efficiency. Since then, the plant has been operating at up to 100 tonnes per day with stable performance and no material processing issues.\nInitial processing during 2024 focused on emerald-bearing material from historical tailings and surface dumps. A first trial sale of the material produced from the tailings and dump was originally planned for September 2024 (to establish price benchmarks and engage market interest) as part of a far larger auction conducted by Bonas Group, was postponed due to export delays to Thailand. \nCommencement of Hard Rock Mining at Cobra\nIn December 2024, preparatory works were initiated at the Cobra Pit, one of two historically mined open pits at Gravelotte. As shareholders will be aware, independent geologi...