REG - Botswana Diamonds - Anomalies indicative of kimberlite pipes

Botswana DiamondsAnnouncement

19/05/2022 07:00

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RNS Number : 0109M  Botswana Diamonds PLC  19 May 2022

19(th) May 2022

 

Botswana Diamonds PLC

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

 

Geophysics identifies anomalies indicative of kimberlite pipes

 

Botswana Diamonds, the London AIM and BSE listed diamond explorer, is pleased
to announce the results of a ground geophysics survey on its Sekaka Diamonds
Pty Ltd ("Sekaka") Prospecting Licenses in Botswana.

Highlights

·    High interest anomalies indicative of kimberlite pipes discovered in
the vicinity of the KX36 diamond discovery.

 

Chairman, John Teeling commented: "These results strongly support our view
that other kimberlites remain to be found in the vicinity of our 100% owned
KX36 diamond discovery. If these anomalies prove to be diamondiferous
kimberlites it will enhance the commercial prospects of the existing KX36
discovery. We will now do follow up work to target drill sites".

Following a detailed review of aeromagnetic data on Sekaka licences PL069/2019
and PL224/2007 four high interest anomalies were identified within a
six-kilometre radius of the existing Botswana Diamond KX36 discovery in the
Central Kalahari of Botswana.  The anomalies are magnetic highs along fault
structures and are typical of occurrences of kimberlite pipes in the area. A
recent ground follow-up work with ground magnetic surveys confirmed these
encouraging anomalies. The nest steps are gravity modelling and soil sampling.
A drill programme will be put in place.

Information on exploration activities in Botswana

The Company is involved in three diamond exploration companies in Botswana:
the 100% owned Sunland Minerals Pty Ltd and 100% owned Sekaka Diamonds Pty Ltd
and a minority stake in the Maibwe joint venture.  All three companies have
diamond exploration licences in the Kalahari Desert.

 

 
                                             ______
 
 

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.

 
______

 

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.

 

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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