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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: 0.375
Bid: 0.35
Ask: 0.40
Change: 0.00 (0.00%)
Spread: 0.05 (14.286%)
Open: 0.375
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Botswana Diamonds discovers octahedron in sample material

Tue, 25th Oct 2016 11:22

(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 previously announced that two large diameter drill holes were completed on AK21 on Licence PL 260 in April.Eighty tonnes of samples were sent to a processing facility in South Africa, and control micro diamonds were included in the material, in line with best practice to detect inefficacies in the processing plant.The results from the laboratory demonstrated that test work was insufficiently robust as no diamonds were recovered, not even the control diamonds.Accordingly, Botswana Diamonds recovered the concentrate from the processing facility and re-analysed it using Alrosa mineralogists, who travelled from Russia to Botswana.The first 20kg re-analysed produced a 1mm octahedron diamond - a newly discovered diamond and not one of the control stones.A further 60kg of sample is currently being analysed, the company said."The Alrosa/BOD joint venture identified licence PL 260 in Orapa as having strong potential," said Botswana Diamonds chairman John Teeling."It had already identified anomalies which deserved attention."Moreover, historical drilling had found several diamonds, albeit not yet enough to be commercial grade."Teeling said the company now believed that there is commercial potential, so it has undertaken both a core hole and a LDD hole programme."The discovery of a 1mm diamond in the first 20kg of material is a positive development as we now know there are diamonds in the pipe."We have more work to do on the material."Teeling confirmed the current core hole drilling is on a known kimberlite, AK 22, which is close to AK 21."We have intersected the pipe and are pleased with the material being recovered."
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19 Sep 2013 08:20

Thursday broker round-up UPDATE

ASOS: Canaccord Genuity increases target price from 3400p to 6200p and upgrades to buy. Associated British Foods: Jefferies raises target price from 1650p to 1750p and retains a hold recommendation. Barclays: Alphavalue upgrades from add to buy with a target price of 344.20p. BHP Billiton: Nomura

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12 Apr 2013 07:25

Friday broker round-up UPDATE

Aggreko: Panmure Gordon raises target price fro, 1727p to 2106p and upgrades from hold to buy. Alternative Networks: Westhouse Securities moves target price from 280p to 295p and reiterates a neutral rating. Investec raises target price from 330p to 350p maintaining a buy recommendation. Finncap in

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5 Feb 2013 11:26

Botswana Diamonds signs agreement for 13 new prospects

Botswana Diamonds has secured an agreement with a private South African company to review 13 licences in the southwest of the Orapa region of Botswana. As part of a three-month deal with the private group - which holds an 85% stake in the licences - Botswana will evaluate the region before potentia

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