Richland Resources Ltd. reported unaudited sales and operating results for the fourth quarter of 2016. The company produced 839,898 carats average grade of approximately 16 carats per tonne across 51,376 tonnes of mined and processed alluvial material. The company announced USD 535,000 as its total revenue achieved from the sale of approximately 857,000 carats of predominantly rough and untreated sapphire and corundum at an average price of USD 0.62 per carat.

Whilst maintaining current production levels, work has commenced on the final stage of the production ramp-up which is aimed at increasing production to 1.2 million carats per quarter by the end of second quarter of 2017.