REG - Botswana Diamonds - Data licence agreement signed with Petra Diamonds

Botswana DiamondsAnnouncement

21/10/2022 07:01

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RNS Number : 6210D  Botswana Diamonds PLC  21 October 2022

 

 

21(st) October 2022

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Data licence agreement signed with Petra Diamonds on the Reivilo kimberlite
cluster

 

Further to the announcement on 6 September 2022 that Botswana Diamonds had
been awarded a prospecting licence over the Reivilo kimberlite cluster, the
Company is now pleased to announce that it has entered into a data licence
agreement with Petra Diamonds, the previous holder of the Reivilo licence, to
have access to the full library of data on Reivilo held by Petra Diamonds.

The data licence agreement grants Petra Diamonds a 3% royalty on any
production revenue generated from the Reivilo prospecting licence in return
for access to all of the Petra Diamonds data accumulated during their work on
the licence.  Botswana Diamonds will review this data prior to finalising its
own exploration programme.

Previous exploration work conducted by Petra Diamonds on the Reivilo ground
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.

Reivilo is located in the Barkley West area of South Africa 110 kilometres
from the active Finsch diamond mine.

John Teeling, chairman, commented; "Once Petra gave up the Reivilo ground as
part of their restructuring we applied. Having won the licence, we then
negotiated with Petra to obtain their exploration data. This is the agreement
announced today. Having access to this information will save BOD time and
money. The Reivilo cluster of kimberlites is a priority target for BOD".

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

                                          +44 (0) 207 138 3206

 Teneo

 Luke Hogg                                +353 (0) 1 661 4055

 Alan Tyrrell                             +353 (0) 1 661 4055

 

 

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

 

ENDS

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