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Marange Diamond Fields Grant of Right to Mine

14 Feb 2019 14:50

RNS Number : 0627Q
Botswana Diamonds PLC
14 February 2019
 

14th February 2019

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Heritage Concession - Marange Diamond Fields

Grant of Right to Mine

 

Botswana Diamonds ('BOD') the AIM and BSE listed explorer is pleased to advise that our partner in the development of the diamond potential of Zimbabwe, Vast Resources plc have advised that the Chiadzwa Community Development Trust has in principle been granted the right to mine diamonds in joint venture on the Heritage Concession (Block T1A of the Marange Diamond Fields) and has appointed Vast as its joint venture partner in the exploration and mining of diamonds in the area.

 

The Company is aware that the Chiadzwa Community Development Trust is associated with the Marange-Zimunya Community Share Ownership Trust, the community trust named in the Company's original announcement on the Heritage Concession of 22 August 2018.

 

Further information will be released to the market in due course.

 

 

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, a Fellow of the Institute of Materials, Metals and Mining (UK) and with over 33-years' experience in the diamond sector. 

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. The person who arranged for the release of this announcement on behalf of the Company was James Campbell, Director.

ENDS

 

Enquiries:

Botswana Diamonds PLC John Teeling, Chairman

James Campbell, Managing Director

Jim Finn, Director

 

 

+353 1 833 2833

+27 83 457 3724

+353 1 833 2833

Beaumont Cornish - Nominated Adviser Michael Cornish

Roland Cornish

 

+44 (0) 020 7628 3396

SVS Securities Plc - Broker Tom Curran

Ben Tadd

 

+44 (0) 20 3700 0100

 

Blytheweigh - PRJulia TilleyFergus Cowan

+44 (0) 20 7138 3206

+44 (0) 207 138 3553

+44 (0) 207 138 3208

Teneo

Luke Hogg

Alan Tyrrell

 

+353 (0) 1 661 4055

+353 (0) 1 661 4055

 

 

www.botswanadiamonds.co.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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