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Fri, 12th Apr 2013 07:25
Botswana Diamonds PLC - London-based exploration & project development company focused on Botswana and South Africa - Agrees acquisition of an additional stake in the prospective Maibwe joint venture in Botswana. Says its subsidiary, Siseko Minerals Pty Ltd, has increased its stake in the prospective Maibwe JV to 50% from 29%.
Read moreBotswana Diamonds PLC - London-based exploration & project development company focused on Botswana and South Africa - Starts drilling on high-grade anomalies on Thorny River in the Limpopo province of South Africa. Plans a minimum of ten reverse circulation drill holes at four high-grade gravity anomalies, as well as one highly prospective target identified by research firm Subterrane Ltd. Says the goal of the drilling programme is to discover additional "blows" on the property in order to expand the resource. This will pave the way for a future mining license or permit application. Expects the drilling to take around two weeks.
Read more(Sharecast News) - Botswana Diamonds announced on Monday that drilling has started on the recently-discovered high-grade geophysical anomalies on Thorny River.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read moreBotswana Diamonds PLC - exploration & project development company focused on Botswana and South Africa - and Gem Diamonds Ltd - London-based diamond miner - Parties say share sale agreement has now lapsed. In 2021, Gem Diamonds had agreed a binding share sale agreement with Okwa Diamons Pty Ltd to sell Gem Diamonds Botswana Proprietary Ltd, the owner of the Ghagoo diamond mine in Botswana. Okwa Diamonds is owned by Vast Resources PLC and Botswana Diamonds. Longstop date had been extended until Wednesday for Botswana Diamonds to find a joint-venture partner to replace Vast. Botswana Diamonds did not manage to secure a new JV partner by the deadline, thus the agreement has lapsed.
Read more(Sharecast News) - Botswana Diamonds updated the market on the Ghaghoo Mine on Wednesday, reporting that it had not found a joint venture partner.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read more(Sharecast News) - Botswana Diamonds announced the discovery of the largest anomaly to date on Thorny River on Wednesday, consistent with a kimberlite pipe of 25 metres in diameter.
Read moreBotswana Diamonds PLC - exploration & project development company focused on Botswana and South Africa - Says the results of a conceptual open pit mine optimisation evaluation on the River Blow on its Thorny River property in South Africa indicate potential open pit options. Says the mine is likely to be commercial assuming mid-range diamond values of USD170 per carat, a 10% discount rate, a recovered grade of 40 carats per hundred tons, and 1.7 million tons of kimberlite mined.
Read more(Sharecast News) - Botswana Diamonds announced the results of a conceptual open-pit mine optimisation evaluation on the River Blow of the Thorny River property in South Africa on Monday.
Read moreBotswana Diamonds PLC - exploration & project development company focused on Botswana and South Africa - Widens pretax loss to GBP228,000 in the six months to December 31 from a loss of GBP195,000 the previous year. Total assets at December 31 increases very slightly 0.5% to GBP8.33 million from GBP8.28 million at the same time the previous year. Notes a "dramatic" recovery in diamond prices in recent months and increased demand.
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GABORONE, Feb 1 (Reuters) - London-listed Vast Resources said on Tuesday it had pulled out of a $4 million deal to buy Ghaghoo diamond mine in Botswana from Gem Diamonds , without giving reasons.In August, Gem Diamonds entered into a binding share...
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