Operational & Marketing Update
01 Février 2010 - 8:00AM
UK Regulatory
TIDMTNZ
RNS Number : 3808G
Tanzanite One Limited
01 February 2010
1 February 2010
TanzaniteOne Limited
("TanzaniteOne" or "the Company") (AIM: TNZ)
Operational and Marketing Update
TanzaniteOne Limited ("TanzaniteOne" or "the Company") (AIM: TNZ), the gemstones
producer and developer today announces an operational, sales and marketing
update. All figures are unaudited.
Highlights
* MoU with O.E cutting and distribution company; Hohoemi Brains Inc. of Tokyo, Japan
* US$ 12.2 million in sales for 2009US$ 4.5 million in sales for Q4
* Total production of 1.91 million carats for 2009 at a grade of 51 carats per tonne
* Continuation of Tsavorite exploration programme
* Appointment of Ambrian Partners Limited as Nominated Advisor and sole broker
Memorandum of Understanding
TanzaniteOne Cutting Edge, has entered into a Memorandum of Understanding
("MoU") with Hohoemi Brains Inc. of Tokyo, Japan ("Hohoemi Brains"). Under the
terms of the MOU the parties will jointly establish a common cutting and
marketing concept for selected tanzanite. Cutting will be based on Hohoemi
Brains patented Over Excellent ("O.E") cut. For more information on Hohoemi
Brains Inc. please visit their website at: http://www.hohoemi.co.jp/eng/
TanzaniteOne Cutting Edge focuses on precision cutting and visual optimisation
of predominantly lighter coloured tanzanite. As previously announced, through
Tanzanite One Cutting Edge, the Company is also establishing sales and marketing
channels for TanzaniteOne' SI and I grade material. This is being achieved
through the development of specialised polishing and product strategies and
joint ventures with established cutting and distribution houses like Hohoemi
Brains Inc, GRAFGEM S.A., and Alankara SKR Ltd (ASKR Jewelry).
Sales
Further to the Company's announcement of 1 December 2009, sales of approximately
US$1 million were achieved in December 2009, bringing total sales revenue for
the fourth quarter of 2009 to approximately US$4.5 million and for the full year
to approximately US$ 12.2 million (unaudited). The next official sight sale is
scheduled for March 2010. Additional rough tanzanite sales are planned in
advance of this in addition to the income generated through the Company's
Tanzanite Experience retail operations.
Production
In the fourth quarter of 2009, the Company achieved production totalling 480,161
carats, resulting in the total production of 1.91 million carats for 2009 at a
grade of 51 carats per tonne, well in excess of the target set by the Company at
the start of the year of 1.7 million carats.
TanzaniteOne, which uses state-of-the-art optical sorters and technically
advanced processing and sorting methods, has further enhanced its sorting
techniques resulting in the unlocking of further value in the B and BL
categories. This initiative forms part of the Group's stated refocus on its main
production source, lighter but equally brilliant stones. Additional evaluation
continues in this area as TanzaniteOne strives to unlock value in this
significant portion of its production.
Tsavorite
In the fourth quarter of 2009 a total of 37 RAB drill holes were completed
totalling over 590m on the tsavorite deposit. Each hole was geologically logged
and sampled at 1.5m intervals. Pitting was also completed along a cross-section
line at 50m intervals, bringing the total number of pits to 15 for the line. In
addition to the drilling and pitting, 8 samples of approximately 20 cubic meters
each were also excavated and are currently ready for processing at the on site
treatment plant.
Corporate
In December 2009 the Company appointed of Ambrian Partners Limited as Nominated
Adviser and sole broker.Ambrian Partners Limited previously acted as joint
broker to the Company.
Commenting today Bernard Olivier, Executive Director, said; "2009 was a year of
recovery, following the depressed global gemstone prices of 2008, in which we
made excellent progress moving back towards profitability. This year we shall
develop initiatives for cutting and sales in order to maximise value from our
optimized coloured gemstones operations in Tanzania. I believe TanzaniteOne has
one of the most efficient and high-tech gemstone extraction operations in the
world and our objective is to achieve maximum margin potential through our sales
from coloured gemstones. With this in mind we are very excited about our MOU
with Hohoemi Brains Inc, which could help us achieve further value from the
specialised cutting and distribution of the lighter coloured tanzanite. With new
routes to market already in place and significantly recovered sight sales 2010
is a year we can start to build value from our first class gemstone recovery
operations established at the Company since March 2008 by Managing Director Zane
Swanepoel."
Notes to the Editor:
The following modified tanzanite grading and classification system is currently
being used by the Company:
+---------+---------------------------------+
| Grade | Description |
+---------+---------------------------------+
| A | Exceptional Colour, Eye Clean |
+---------+---------------------------------+
| B | Rare Deep Colour, Eye Clean |
+---------+---------------------------------+
| B (SI) | B Colour - Slightly Included |
+---------+---------------------------------+
| B (I) | B Colour - Included |
+---------+---------------------------------+
| BL | Lighter Colour B grade, Eye |
| | Clean |
+---------+---------------------------------+
| BL (SI) | B Light - Slightly Included |
+---------+---------------------------------+
| BL (I) | B Light - Included |
+---------+---------------------------------+
| D | Opaque Material |
+---------+---------------------------------+
END
For more information, please visit www.tanzaniteone.com or contact:
Willi Boehm, Company Secretary
+61 8 9367 5211
Bernard Olivier, Executive Director
+61 4089 481812
Nominated Adviser and Broker
Ambrian Partners Limited
Richard Greenfield/ Richard Chase
+44 (0) 20 7634 4700
Public Relations
Threadneedle Communications
Laurence Read/ Beth Harris
+44 (0)7979 955 923
This information is provided by RNS
The company news service from the London Stock Exchange
END
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