REG - Botswana Diamonds - AI to be applied to our Botswana database

Botswana DiamondsAnnouncement

09/04/2024 07:00

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RNS Number : 7500J  Botswana Diamonds PLC  09 April 2024

 

9 April 2024

 

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Artificial Intelligence to be applied to our Botswana database

 

Botswana Diamonds plc, (AIM: BOD) the London AIM and Botswana Stock Exchange
listed diamond company, is pleased to announce that it is going to apply
Artificial Intelligence ("AI") techniques to our Botswana database.

 

The company has the second largest diamond exploration database in Botswana.
This is an excellent foundation to incorporate AI to assist in a comprehensive
search for new diamond deposits and potentially other minerals.

 

Our database consists of:

 

·    c.95,000 sq km of data.

·    c.375,000 km airborne geophysical data.

·    606 ground geophysical surveys.

·    c.228,000 soil sample results.

·    c.32,000 drill hole logs.

 

In total 380 gigabyte of data and 260,000 files.

 

The company will utilise Planetary AI Ltd Xplore mineral prospectivity
technology which was developed in collaboration with International Geoscience
Services Limited.

 

Xplore is a system that uses a unique combination of semantic technology with
machine learning.  Semantic technology is a branch of artificial intelligence
focused on understanding and representing the meaning of data, information,
and knowledge in a machine-readable format. It enables computers to
comprehend, interpret, and reason with data in a manner similar to human
understanding, enhancing the effectiveness of information retrieval,
integration, and analysis. This allows computers to "understand" the meaning
and context of geological data in much the same way a geologist would, in
order to identify zones of prospective mineralisation based on specific
mineral deposit models.

 

The system acts much like a geologist but can function quicker and more
efficiently.  Vast data-sets are processed though AI that finds logical gaps
in the data and learns to correct them. This exercise is expected to yield
fresh insights that will offer drillable targets previously unseen.

 

Chairman, John Teeling, commented: "Our mineral database in Botswana is simply
vast. Too big for timely analysis by humans. Think of it, over 375,000 kms of
geophysical data, and 32,000 drill holes logs.

 

Massive databases are suited to analysis by computer-based large Data Models
and Artificial Intelligence techniques which can analyse substantial amounts
of data in a short time. We feed in the data and create the models from our
existing knowledge both theoretical and factual. The techniques then produce
results. Where it finds inconsistencies or gaps it adapts. It is early stages
in both our work and the use of the technique in mineral exploration, but the
future potential is huge.

 

An added exciting bonus for BOD and for Botswana is that the technique will
analyse a number of different minerals. We have always believed that there are
more diamond deposits to be found under the sand. Now there is the possibility
of other deposits being identified".

 

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.

 

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

 Nominated & Financial Adviser       +44 (0) 20 7409 3494

 Strand Hanson Limited

 Ritchie Balmer

 Rory Murphy

 David Asquith

 Broker                              +44 (0) 207 374 2212

 First Equity Limited

Jason Robertson

 Public Relations                    +44 (0) 207 138 3206

 BlytheRay                           +44 (0) 207 138 3553

Megan Ray

 Said Izagaren                       +44 (0) 207 138 3206

 Teneo

 Luke Hogg                           +353 (0) 1 661 4055

 Alan Tyrrell                        +353 (0) 1 661 4055

 Fia Long

 Alan Reynolds

 

 

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

 

ENDS

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