Botswana Diamonds PLC - London-based exploration & project development company focused on Botswana and South Africa - Following drilling campaign of 12 reverse circulation holes at the Thorny Rive project in South Africa, company discovers 52 metres of kimberlite, with largest intersection being 22 metres.
Next steps is to finalise mining plan and apply for a mining permit.
"We have finished exploration and now move toward mine development. We already have a good understanding of how the mine will look. The recent drilling identified the entry point for a mine. The next stage is to refine the mine model and to apply for a Mining Permit," said Chair John Teeling.
Current stock price: 1.05 pence
12-month change: up 11%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Botswana Diam (BOD)