Q3 Operational and Sales Update


 

TIDMTNZ 
 
RNS Number : 9108U 
Tanzanite One Limited 
25 October 2010 
 

   25 October 2010 
                              TanzaniteOne Limited 
                  ("TanzaniteOne" or "the Company") (AIM: TNZ) 
                        Q3 Operational and Sales 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 
·     US$ 3.78 million in sales achieved in Q3 2010 
·     Fourth official sight of 2010 resulted in a revenue of US$ 2.2 million 
o  206,295 carats of rough tanzanite was sold at fourth sight sale at an average 
price of US$10.6/carat 
·     Total production of 618,285 carats for Q3 2010 
·     Average grade of 62 carats per tonne achieved 
 
 
Production 
In the third quarter of 2010, the Company achieved production totalling 618,285 
carats from the processing of 9,901 tonnes of material at an average grade of 62 
carats per tonne for the quarter. The strong production performance is in line 
with the Company's 2010 production ramp-up strategy implemented in the beginning 
of the year as a result of the gradual recovery in the tanzanite market. 
 
Sales 
The Company achieved US$3.78 million in sales for the third quarter of 2010. 
The fourth official sight was held in Hong Kong from 19 to 21 September to 
coincide with the Hong Kong Jewellery and Gem Fair. Revenue from sales of US$2.2 
million was achieved at the sight from the sale of 206,295 carats of rough 
tanzanite, at an average of US$10.6 per carat. The next rough sight or auction 
is scheduled for early November 2010. 
 
Tsavorite 
The tsavorite drilling, sampling and data interpretation has been completed and 
bulk sampling commenced in mid-September. The bulk sampling is scheduled to 
continue until the end of October and the final processing and data 
interpretation will be concluded in November. As previously announced, the first 
independent JORC compliant report is expected in December 2010. 
 
Commenting today, Bernard Olivier, Chief Executive Director, said: "These 
continued positive sales figures of US$ 3.78 million for the quarter build on 
the company's return to profit in the first half as reported last month. We 
continue with our strategy to ramp-up production, achieving production totalling 
618,285 carats in the third quarter, and maximising sales of lighter stones via 
our marketing joint ventures. We look forward to reporting our next quarterly 
sales figures, and the first independent JORC compliant report for the tsavorite 
project in December". 
                                      END 
 
For more information, please contact: 
Willi Boehm, Company Secretary 
+61 8 9367 5211 
 
Bernard Olivier, Chief Executive Director 
+61 4089 481812 
 
Nominated Adviser and Broker 
Ambrian Partners Limited 
Samantha Harrison / Richard Chase 
+44 (0) 20 7634 4700 
 
Public Relations 
Threadneedle Communications 
Laurence Read / Beth Harris 
+44 (0)7979 955 923 
 
 
Notes to the Editor: 
The intrinsic attraction of tanzanite and the finite nature of a single known 
resource at the foothills of Mount Kilimanjaro in northern Tanzania are 
undoubtedly part of tanzanite's allure. 
 
TanzaniteOne is the largest and most scientifically advanced miner and supplier 
of rough tanzanite, a unique position that affords it the opportunity to support 
and influence the entire channel, from mine to market, ensuring that maximum 
stakeholder value is achieved at each stage of the process. 
 
Our leading position in the tanzanite market has ensured TanzaniteOne the 
recognition and respect of its peers and provides the opportunity for expansion 
into a broader range of PCGs located at various key sites around the world. 
 
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     | B Colour - Slightly        | 
| (SI)  | Included                   | 
+-------+----------------------------+ 
| B     | B Colour - Included        | 
| (I)   |                            | 
+-------+----------------------------+ 
| BL    | Lighter Colour B grade,    | 
|       | Eye Clean                  | 
+-------+----------------------------+ 
| BL    | B Light - Slightly         | 
| (SI)  | Included                   | 
+-------+----------------------------+ 
| BL    | B Light - Included         | 
| (I)   |                            | 
+-------+----------------------------+ 
| D     | Opaque Material            | 
+-------+----------------------------+ 
 
Further information is available on the Company's website: www.tanzaniteone.com 
Neither the contents of the Company's website nor the contents of any website 
accessible from hyperlinks on the Company's website (or any other website) is 
incorporated into, or forms part of, this announcement. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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