REG - Botswana Diamonds - Botswana awarded Licence over Kimberlite Cluster

Botswana DiamondsAnnouncement

05/09/2022 08:45

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RNS Number : 2553Y  Botswana Diamonds PLC  05 September 2022

 

 

5(th) September 2022

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Botswana awarded Licence over Kimberlite Cluster in South Africa

 

Botswana Diamonds plc (AIM: BOD), is pleased to announce that it has been
granted a five-year prospecting licence until June 2027 on ground containing
the Reivilo cluster of kimberlites ("Reivilo") in the Barkley West area of
South Africa. Reivilo is located approximately 110 kilometres north-east of
the actively producing Finsch diamond mine.

Exploration by the previous licence-holder was reported to have delineated a
cluster of three kimberlite pipes, with sizes of 3.1 hectares, 1.7 hectares
and 0.9 hectares all within a 250-metre radius.

Samples of the drilling core produced G10 and eclogitic garnets which are the
optimal indicators for diamondiferous kimberlites.

Botswana Diamonds plans to review all the available data on Reivilo prior to
finalising its exploration programme.

John Teeling, chairman, commented; "We are very pleased with this award. When
the ground became recently available, we immediately applied for the area.
Botswana Diamonds management have long been aware of the diamond potential of
this ground, and so we are delighted to have finally been awarded this
high-profile exploration ground and look forward to updating shareholders in
the near future on developments".

 

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______
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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.

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______

 

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)

 

ENDS

 

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