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Pin to quick picksBotswana Diam Share News (BOD)

Share Price Information for Botswana Diam (BOD)

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Share Price: 0.325
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Botswana Diamonds agrees to buy most of Vutomi

Mon, 06th Feb 2017 12:13

(ShareCast News) - Botswana Diamonds announced on Monday that it has entered into an option and earn-in agreement with Vutomi Mining and Razorbill Properties 12 - collectively known as Vutomi - a private diamond exploration and development firm in South Africa.The AIM-traded firm described it as "a new strategic development for Botswana Diamonds", saying advanced projects in South Africa would be developed in tandem with the ongoing Botswana-based exploration programme.It said there was potential for commercial diamond mining in the short to medium-term.Under the agreement, Botswana Diamonds has agreed to pay Vutomi a total of £942,000 in cash, of which £581,000 will be used to fund exploration activities.In addition, the company will issue 100 million ordinary shares of 0.25p each to Vutomi shareholders.The agreement will be executed in three phases, Botswana Diamonds said, after which the company will own 72% of Vutomi.It confirmed the remaining 28% will continue to be held by Vutomi's Black Economic Empowerment partners."Vutomi has a portfolio of over twenty high interest kimberlites, many of which are diamondiferous spanning the Limpopo, North-West and Free State Provinces of South Africa," the Botswana Diamonds board said in a statement."These kimberlites are housed in ten prospecting rights encompassing over 50,000 hectares of ground."It said the flagship project, Frischgewaagt, is in the Limpopo Province 300km north of Johannesburg and is immediately adjacent to the Marsfontein Mine which was previously operated by De Beers."This mine operated for only two years in the 1990's but the diamond grade and quality was such that the entire capital cost was repaid in four days."Botswana Diamonds said the Frischgewaagt project consists of a minimum 4km long kimberlite dyke/blow system."Vutomi have already undertaken detailed ground geophysics and sampling and are currently in the process of a core and percussion drilling programme which will give both BOD and Vutomi a better indication of size and grade."The sampling programme, which was undertaken in 2016, yielded a raw diamond value of US$180/ct from 247 carats and kimberlite intersections in the dyke/blow system have been between 1-17m."As at 30 November 2016, Vutomi's net assets were valued at £221k.
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11 Apr 2024 16:23

Botswana Diamonds discovers second anomaly in Kalahari

(Sharecast News) - Botswana Diamonds announced the discovery of a second anomaly on Thursday, close to another anomaly announced on 23 January.

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11 Apr 2024 12:04

Botswana Diamonds down despite potentially lucrative anomaly discovery

(Alliance News) - Botswana Diamonds PLC said on Thursday that it had discovered a second significant anomaly at its KX36 deposit in the Kalahari.

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9 Apr 2024 14:28

IN BRIEF: Botswana Diamonds plans to use AI for geophysical database

Botswana Diamonds PLC - Botswana and South Africa-focused diamond explorer - Intends to apply AI techniques to its Botswana database, which contains 375,000 kms of geophysical data, and 32,000 drill holes logs, using Planetary AI Ltd's Xplore mineral prospectivity technology. Chair John Teeling says: "Our mineral database in Botswana is simply vast...Massive databases are suited to analysis by computer-based large data models and artificial intelligence techniques which can analyse substantial amounts of data in a short time. We feed in the data and create the models from our existing knowledge both theoretical and factual. The techniques then produce results. Where it finds inconsistencies or gaps it adapts. It is early stages in both our work and the use of the technique in mineral exploration, but the future potential is huge."

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9 Apr 2024 12:53

Botswana Diamonds set to use AI to analyse database

(Sharecast News) - Botswana Diamonds announced plans to integrate artificial intelligence (AI) techniques into its extensive Botswana database on Tuesday.

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25 Mar 2024 20:43

CORRECT: Mobile Streams loss narrows to GBP289,000

(Correcting that Mobile Streams narrowed its loss.)

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25 Mar 2024 17:28

EARNINGS: Botswana Diamonds weathers "turbulent times" in first half

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Monday and not separately reported by Alliance News:

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31 Jan 2024 18:28

EARNINGS AND TRADING: STV raises holding in Two Cities Television

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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24 Jan 2024 20:16

EARNINGS AND TRADING: Nanoco receives proceeds from Samsung litigation

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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23 Jan 2024 12:27

IN BRIEF: Botswana Diamonds completes gravity survey in Botswana

Botswana Diamonds PLC - Botswana and South Africa-focused diamond explorer - Completes gravity survey over four high-grade geophysical targets near a kimberlite pipe in Botswana. At least one of the four targets, which is located six kilometres south of the existing KX36 diamond discovery, has an "excellent" gravity response, it says. The survey on the KX36 size anomaly is being repeated and correlated with previous results for confirmation. Adds that the next step is to begin drilling. "The new kimberlites targets have great potential to upgrade the existing resources in the area, including at the Ghaghoo mine, which is currently under care and maintenance and only 60 km away from the KX36 project," says Botswana Diamonds.

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22 Jan 2024 14:33

UK shareholder meetings calendar - next 7 days

Tuesday 23 January 
C4X Discovery Holdings PLCAGM
Goldplat PLCAGM reconvened
Marston's PLCAGM
Mitchells & Butlers PLCAGM
Wednesday 24 January 
Botswana Diamonds PLCAGM
Henderson Far East Income LtdAGM
Lowland Investment Co PLCAGM
Pantheon Resources PLCAGM
Tracsis PLCAGM
Thursday 25 January 
Alteration Earth PLCAGM
Britvic PLCAGM
Greencore Group PLCAGM
Henderson European Focus Trust PLCAGM
Ixico PLCAGM
Treatt PLCAGM
Friday 26 January 
Avon Protection PLCAGM
JPMorgan China Growth & Income PLCAGM
On The Beach Group PLCAGM
tinyBuild IncGM re fundraise
WH Smith PLCAGM
Monday 29 January 
Hollywood Bowl Group PLCAGM
Landore Resources LtdEGM re conditional fundraising shares
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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20 Dec 2023 17:57

EARNINGS AND TRADING: Half-year loss widens at Triad as revenue falls

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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8 Dec 2023 14:37

IN BRIEF: Botswana Diamonds spots four anomalies at KX36 project

Botswana Diamonds PLC - Botswana and South Africa-focused diamond explorer - Says four anomalies have been spotted close to the KX36 asset in Kalahari. Says it is likely that there are undiscovered buried kimberlites, which usually occur in clusters and not in isolation. Chair John Teeling says: "Kimberlites occur in clusters, currently only KX36 has been discovered in this particular kimberlite field in the Kalahari so there should be more kimberlites waiting to be discovered. This work forms part of our emerging Kalahari strategy which could lead to this area being a major diamond producer."

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8 Dec 2023 14:24

Botswana Diamonds to explore further after finding four anomalies

(Sharecast News) - Botswana Diamonds is set to launch its next phase of exploration, it announced on Friday, as it identified four anomalies near the KX36 project in the Kalahari region of Botswana.

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27 Nov 2023 11:46

IN BRIEF: Botswana Diamonds touts GBP380,000 fundraise for exploration

Botswana Diamonds PLC - Botswana and South Africa-focused diamond explorer - Undertakes fundraising to raise GBP380,000 via the issue of 76.0 million new shares at a placing price of 0.50 pence per share. Expects that the admission of these shares to trading on AIM will become effective on or around December 11. Says net proceeds will contribute to ongoing exploration activities in Botswana and South Africa, and will more specifically help Botswana Diamonds to continue with activities at these assets. Funds will also help to provide additional working capital for the company.

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19 Oct 2023 15:46

UK earnings, trading statements calendar - next 7 days

Friday 20 October 
Foxtons Group PLCTrading Statement
InterContinental Hotels Group PLCTrading Statement
Record PLCTrading Statement
Monday 23 October 
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Tuesday 24 October 
Angling Direct PLCHalf Year Results
Anglo American PLCTrading Statement
Barclays PLCQ3 Results
Bunzl PLCTrading Statement
FD Technologies PLCHalf Year Results
Gattaca PLCFull Year Results
Petra Diamonds LtdQ1 Results
Scancell Holdings PLCFull Year Results
Softcat PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
WAG Payment Solutions PLCTrading Statement
Wednesday 25 October 
Asos PLCFull Year Results
Bytes Technology Group PLCHalf Year Results
Critical Mineral Resources PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Ibstock PLCTrading Statement
Lloyds Banking Group PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
RWS Holdings PLCTrading Statement
ScS Group PLCFull Year Results
Virgin Wines UK PLCFull Year Results
Thursday 26 October 
Bank of Ireland Group PLCTrading Statement
Bloomsbury Publishing PLCHalf Year Results
Botswana Diamonds PLCTrading Statement
C&C Group PLCHalf Year Results
e-Therapeutics PLCHalf Year Results
Financials Acquisition CorpTrading Statement
GCP Infrastructure Investments LtdTrading Statement
HarbourVest Global Private Equity LtdHalf Year Results
Hummingbird Resources PLCTrading Statement
Hunting PLCTrading Statement
Inchcape PLCTrading Statement
International Personal Finance PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Renishaw PLCTrading Statement
Standard Chartered PLCQ3 Results
Unilever PLCTrading Statement
WPP PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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