Last checked at 5 Sep 2022 08:33
5th September 2022
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Botswana awarded Licence over Kimberlite Cluster in South Africa
Botswana Diamonds plc (AIM: BOD), is pleased to announce that it has been granted a five-year prospecting licence until June 2027 on ground containing the Reivilo cluster of kimberlites ("Reivilo") in the Barkley West area of South Africa. Reivilo is located approximately 110 kilometres north-east of the actively producing Finsch diamond mine.
Exploration by the previous licence-holder was reported to have delineated a cluster of three kimberlite pipes, with sizes of 3.1 hectares, 1.7 hectares and 0.9 hectares all within a 250-metre radius.
Samples of the drilling core produced G10 and eclogitic garnets which are the optimal indicators for diamondiferous kimberlites.
Botswana Diamonds plans to review all the available data on Reivilo prior to finalising its exploration programme.
John Teeling, chairman, commented; "We are very pleased with this award. When the ground became recently available, we immediately applied for the area. Botswana Diamonds management have long been aware of the diamond potential of this ground, and so we are delighted to have finally been awarded this high-profile exploration ground and look forward to updating shareholders in the near future on developments".
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Qualified Person
This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Fellow of the Southern African Institute of Mining and Metallurgy, the Institute of Materials, Metals and Mining (UK) and the Geological Society of South Africa and who has over 35-years' experience in the diamond sector.
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The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The person who arranged for the release of this announcement on behalf of the Company was James Campbell, Director.
A copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.uk
Enquiries:
Botswana Diamonds PLC John Teeling, Chairman James Campbell, Managing Director Jim Finn, Director
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ENDS