Richland Resources (#RLD) – raises just £0.15m via placing at 0.10p per share
- 2020-01-13 07:57:29
AIM favourite Richland Resources (RLD) is now producing sapphires from its Capricorn mine in Queensland and expects to hold its first sales of blue and coloured gemstones in Hong Kong next month. After a long process of transformation, the company, chaired by veteran mining entrepreneur Ed Nealon (of Aquarius Platinum fame), argues Capricorn, part of Australia’s Nardoo gem deposit and currently boasting a formal resource of 21.6 million grammes or 109 million carats, has ‘the potential to become the world’s largest sapphire mine’, citing surveys showing average sapphire prices have risen 75% over the past decade.









