REG - Botswana Diamonds - Botswana Diamonds Secures Polymetallic Acreage

Botswana DiamondsAnnouncement

13/03/2025 07:00

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RNS Number : 4377A  Botswana Diamonds PLC  13 March 2025

 

13 March 2025

 

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Botswana Diamonds snaps Up Polymetallic acreage following comprehensive
Artificial Intelligence driven exploration programme in Botswana

 

Highlights

 

·  Eleven Prospecting Licences applied for to secure key polymetallic
targets identified by our recent Artificial Intelligence ("AI") exploration
programme in Botswana.

·    Prospecting Licenses include Copper, Silver, Cobalt, Gold, Nickel,
Zinc and PGM targets.

 

Following the comprehensive country-wide AI exploration programme in Botswana
where the initial focus was on diamonds, this has been expanded to look for
hidden polymetallic deposits. This assessment has reached an advanced stage
where eleven Prospecting Licenses have now been applied for covering 7,322
square kilometres.

 

The Prospecting License applications focus on five mineralisation types:

 

·    Besshi (volcanogenic massive sulfide deposit): predominantly Copper.

·    Greenstone: Copper - Nickel

·    MVT (Mississippi Valley-type deposits): Lead and Zinc.

·    Sedex (sedimentary exhalative deposits): Lead, Zinc and Silver.

·    Ultramafic: Platinum Group Metals

 

Chairman, John Teeling, commented: "Our comprehensive, country-wide AI driven
exploration programme in Botswana initially focused on diamonds.  During the
initial analysis of the big database, it became clear that the AI technology
could be used to identify other unknown minerals opportunities and so it
turned out. Our analysis so far has identified a series of targets in copper
cobalt, zinc and gold. We have applied for eleven prospecting licenses, and I
am pleased to report that the applications have been accepted".

 

 

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)

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018, as amended.

About Botswana Diamonds

Botswana Diamonds (BOD) is a diamond explorer focused in the Kalahari Desert,
where it holds prime diamond exploration acreage as well as KX 36 diamond
discovery. Ongoing work on the acreage has identified five drill ready
targets. An AI-driven analyse of the large BOD database has identified seven
previously unreported Kimberlite anomalies as well as a number of polymetallic
anomalies.

 

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 3204

 BlytheRay

Megan Ray
 Said Izagaren

 Teneo

 Luke Hogg                           +353 (0) 1 661 4055

 

ENDS

 

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