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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
Bid: 0.30
Ask: 0.35
Change: 0.00 (0.00%)
Spread: 0.05 (16.667%)
Open: 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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23 Jan 2019 10:40

Botswana Diamonds To Raise GBP370,000 In Share Placing (ALLISS)

LONDON (Alliance News) - Botswana Diamonds PLC on Wednesday said it is planning to raise GBP370,000 via a share issue to fund its exploration activities in Botswana and South Africa.The at

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19 Nov 2018 12:52

Botswana Diamonds Annual Loss Widens On Challenges At Sunland Minerals

LONDON (Alliance News) - Botswana Diamonds PLC on Monday said its loss widened in its most recently ended financial year due to challenges in its namesake country.The stock was down 5.5% on

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19 Nov 2018 12:05

Exploration 'out of favour' says Botswana Diamonds as losses widen

(Sharecast News) - Botswana Diamonds is struggling to attract investors, the precious minerals explorer said on Monday, depressing both its share price and its ability to raise funds.

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7 Nov 2018 11:37

Botswana Diamonds Inks Contract With Palaeo For South Africa Mining

LONDON (Alliance News) - Botswana Diamonds PLC said Wednesday it signed a contract with Palaeo Minerals Pty Ltd covering full-scale mining activity at its Thorny River project in South contract to

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4 Oct 2018 12:10

Botswana Diamonds concludes deal with fellow miner Vast, shares jump

(Sharecast News) - Shares in Botswana Diamonds shone on Thursday after the Aim-listed explorer finalised a development deal with fellow miner Vast Resources.

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25 Sep 2018 16:49

Botswana Diamonds Says Free State Kimberlites Produced Diamonds

LONDON (Alliance News) - Botswana Diamonds PLC on Tuesday said a number of the rediscovered kimberlites at its Free State project in South Africa were diamond producers.Testing has the of a

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25 Sep 2018 14:00

Botswana Diamonds To Start Drilling Programme For Free State Project

LONDON (Alliance News) - Botswana Diamonds PLC said on Tuesday that following historical research work on the Free State project in South Africa, it has conducted rock sampling and geochemistry to

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23 Aug 2018 11:23

Vast Resources awarded exclusive access to Tanzanian diamond concession

(Sharecast News) - AIM-listed explorer Botswana Diamonds revealed that Vast Resources, with which it has signed a memorandum of understanding to develop diamond resources in Zimbabwe, has been awarded exclusive access to a diamond concession in the African nation's Chiadzwa region.

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31 Jul 2018 12:49

Botswana Diamonds Shares Up As It Gets Good Results From Free State

LONDON (Alliance News) - Botswana Diamonds PLC said on Tuesday results from kimberlite recovered from its Free State project have showed "high abundances" of diamond-indicating were 13%

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21 Mar 2018 13:35

Botswana Diamonds Loss Widens After Busy First Half

LONDON (Alliance News) - Botswana Diamonds PLC on Wednesday posted a widened pretax loss for its first half in what was a "very busy" six months.The pretax to

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1 Dec 2016 10:49

Botswana Diamonds Appoints James Campbell As Managing Director

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18 Nov 2016 10:37

Botswana Diamonds narrows loss with chairman hungry for development

(ShareCast News) - Botswana Diamonds posted its preliminary results for the year to 30 June on Friday - another year of nil revenue, though it did manage to narrow its losses. The AIM-traded company reported an operating loss of £0.3m, compared to £0.34m last year, and a loss before tax of £0.3m, al

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15 Nov 2016 11:25

Botswana Diamonds Says Second Diamond Identified From PL 260 Samples

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25 Oct 2016 11:22

Botswana Diamonds discovers octahedron in sample material

(ShareCast News) - Botswana Diamonds announced on Tuesday that a diamond has been found in the early stage of the re-analysis by Alrosa specialists of concentrate from large diameter drilling on kimberlite pipe AK21 on PL 260. The AIM-traded firm said it is a 1mm octahedron-shaped diamond. It had p

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