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Botswana Diamonds Secures Polymetallic Acreage

13 Mar 2025 07:00

RNS Number : 4377A
Botswana Diamonds PLC
13 March 2025
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13 March 2025

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Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Botswana Diamonds snaps Up Polymetallic acreage following comprehensive Artificial Intelligence driven exploration programme in Botswana

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Highlights

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ยท Eleven Prospecting Licences applied for to secure key polymetallic targets identified by our recent Artificial Intelligence ("AI") exploration programme in Botswana.

ยท Prospecting Licenses include Copper, Silver, Cobalt, Gold, Nickel, Zinc and PGM targets.

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Following the comprehensive country-wide AI exploration programme in Botswana where the initial focus was on diamonds, this has been expanded to look for hidden polymetallic deposits. This assessment has reached an advanced stage where eleven Prospecting Licenses have now been applied for covering 7,322 square kilometres.

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The Prospecting License applications focus on five mineralisation types:

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ยท Besshi (volcanogenic massive sulfide deposit): predominantly Copper.

ยท Greenstone: Copper - Nickel

ยท MVT (Mississippi Valley-type deposits): Lead and Zinc.

ยท Sedex (sedimentary exhalative deposits): Lead, Zinc and Silver.

ยท Ultramafic: Platinum Group Metals

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Chairman, John Teeling, commented: "Our comprehensive, country-wide AI driven exploration programme in Botswana initially focused on diamonds. During the initial analysis of the big database, it became clear that the AI technology could be used to identify other unknown minerals opportunities and so it turned out. Our analysis so far has identified a series of targets in copper cobalt, zinc and gold. We have applied for eleven prospecting licenses, and I am pleased to report that the applications have been accepted".

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This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Fellow of the Geological Society of South Africa, a Fellow of the Southern African Institute of Mining and Metallurgy, a Fellow of the Institute of Materials, Metals and Mining (UK) and with over 38-years' experience in the diamond sector.

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A copy of this announcement is available on the Company's website, at

www.botswanadiamonds.co.uk

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

About Botswana Diamonds

Botswana Diamonds (BOD) is a diamond explorer focused in the Kalahari Desert, where it holds prime diamond exploration acreage as well as KX 36 diamond discovery. Ongoing work on the acreage has identified five drill ready targets. An AI-driven analyse of the large BOD database has identified seven previously unreported Kimberlite anomalies as well as a number of polymetallic anomalies.

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Enquiries:

Botswana Diamonds PLC John Teeling, Chairman

James Campbell, Managing Director

Jim Finn, Director

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+353 1 833 2833

+27 83 457 3724

+353 1 833 2833

Nominated & Financial Adviser

Strand Hanson Limited

Ritchie Balmer

Rory Murphy

David Asquith

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+44 (0) 20 7409 3494

Brokerย 

First Equity Limited Jason Robertson

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+44 (0) 207 374 2212

Public Relations

BlytheRayMegan Ray Said Izagaren

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+44 (0) 207 138 3204

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Teneo

Luke Hogg

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+353 (0) 1 661 4055

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ENDS

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MSCSFMFMEEISEID
Date   Source Headline
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20th Feb 20234:35 pmRNSPrice Monitoring Extension
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21st Oct 20227:00 amRNSData licence agreement signed with Petra Diamonds
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4th Aug 20227:00 amRNSAdditional Kimberlite Discovered at Thorny River
20th Jul 20227:00 amRNSAcquisition of Maibwe
18th Jul 20227:00 amRNSDrilling commences on Thorny River
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