Gemfields plc (AIM: GEM) is delighted to release its consolidated financial statements for the financial year ending 30 June 2012.
Gemfields full year results to 30 June 2012
The Kagem Emerald Mine is an advanced stage emerald mining project located in Zambia to the west of Ndola in the Kitwe region. Gemfields Resources PLC (“Gemfields”) currently holds 75% ownership of the mine and the Government of Zambia 25%. This technical report documents a Mineral Resource statement for Kagem prepared by SRK following the terms and definitions given in “The 2004 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves as published by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia” (the “JORC Code”).