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kagem

Competent Persons Report On The Kagem Emerald Mine, Zambia

SRK Consulting (UK) Limited (SRK) is an associate company of the international group holding company, SRK Global Limited (the SRK Group). SRK has been commissioned by the board of Gemfields Resources Plc (hereinafter also referred to as the “Company” or “Gemfields”) to prepare a Competent Persons’ Report (CPR) on the on the Kagem Emerald Mine (the Mine) in Zambia. Kagem Mining Ltd (Kagem) is the project operator and is 75% owned by Gemfields.

Results – Lusaka Rough Emerald, Beryl and Amethyst Auction

Gemfields plc (AIM: GEM) is pleased to announce the results of its auction of predominantly lower quality rough emerald and beryl from the Kagem emerald mine, held in Lusaka, Zambia from 24 to 27 February 2015. The auction also included higher quality amethyst from Kariba Minerals Ltd, in which Gemfields has a 50% interest.

Kagem Emerald Mine Pays First Dividend

Gemfields plc (AIM: GEM) is pleased to announce that Kagem Mining Limited, Zambia’s largest emerald producer, and in which Gemfields has a 75 per cent interest, has declared and paid a dividend of USD 8 million. The Government of the Republic of Zambia, a 25 per cent shareholder in Kagem, has received its USD 2 million share of the dividend, and Gemfields has received its USD 6 million share.

Mineral Resource Estimate for the Kagem Emerald Deposit of Gemfields Resources PLC

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”).