REG - Botswana Diamonds - Additional Kimberlite Discovered at Thorny River

Botswana DiamondsAnnouncement

04/08/2022 07:00

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RNS Number : 8517U  Botswana Diamonds PLC  04 August 2022

4(th) August 2022

 

Botswana Diamonds PLC

("Botswana Diamonds", "BOD" or the "Company")

 

Thorny River Drilling Discovers Additional Kimberlite. Mine Plan being
Prepared

 

Botswana Diamonds plc ("BOD"), the London AIM and BSE listed diamond explorer,
is pleased to announce results from its latest drilling campaign on its Thorny
River diamond project in South Africa.

 

Highlights

·    12 reverse circulation holes completed in recent drilling campaign

·    52 metres of kimberlite found, the largest intersection being 22
metres

·    2 new blows discovered which will increase the mineable kimberlite

·    Mine plan being finalised

·    Mining permit application being prepared

 

Chairman, John Teeling commented: "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".

 

Detail

The objective of this drilling campaign was to expand the mineable kimberlite
for the purpose of mine planning.  Twelve reverse circulation holes over five
targets were drilled for a total of 536m.  Analysis of raw data shows that
two of the targets resulted in the discovery of new sub-surface blows which
will be added to the inventory, whilst one shows promise (having produced
kimberlitic indicators) but needs further definition work and the remaining
two targets do not merit further work.  The in-hole kimberlite intersections
totalled 52 metres, the longest being a vertical intersection of 22m.  The
two additional blows are on-strike and 200m and 700m east from the River and
River Extension blows.

 

The next steps are to finalise a mining plan and to apply for a mining
permit.  A further announcement will be made in due course.

 

 
______
_______________

 

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.

 
______

 

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 (http://www.botswanadiamonds.co.uk)

Enquiries:

 Botswana Diamonds PLC

John Teeling, Chairman

                                        +353 1 833 2833
 James Campbell, Managing Director

                                        +27 83 457 3724
 Jim Finn, Director

                                          +353 1 833 2833
 Beaumont Cornish - Nominated Adviser     +44 (0) 020 7628 3396

Michael Cornish

 Roland Cornish
 Beaumont Cornish Limited - Broker        +44 (0) 207 628 3396

Roland Cornish

 Felicity Geidt
 First Equity Limited -  Joint Broker     +44 (0) 207 374 2212

Jason Robertson

 BlytheRay - PR                           +44 (0) 207 138 3206

Megan Ray

Rachael Brooks                          +44 (0) 207 138 3553

 Said Izagaren                            +44 (0) 207 138 3206

 Naomi Holmes                             +44 (0) 207 138 3206

                                          +44 (0) 207 138 3206
 Teneo

 Luke Hogg                                +353 (0) 1 661 4055

 Alan Tyrrell                             +353 (0) 1 661 4055

 Ciara Wylie                              +353 (0) 1 661 4055

 

www.botswanadiamonds.co.uk (http://www.botswanadiamonds.co.uk)

 

Beaumont Cornish Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as nominated adviser to
the Company in relation to the matters referred herein. Beaumont Cornish
Limited is acting exclusively for the Company and for no one else in relation
to the matters described in this announcement and is not advising any other
person and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Beaumont Cornish
Limited, or for providing advice in relation to the contents of this
announcement or any matter referred to in it.

 

ENDS

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