REG - Botswana Diamonds - Environmental Authorisation Obtained to Drill

Botswana DiamondsAnnouncement

27/11/2024 07:00

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RNS Number : 7435N  Botswana Diamonds PLC  27 November 2024

 

27 November 2024

 

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Environmental Authorisation Obtained to drill in the Kalahari in Botswana

 

Botswana Diamonds plc, (AIM: BOD) the London AIM and Botswana Stock Exchange
listed diamond company, is pleased to announce that the Company has received
environmental authorisation from Department of Environmental Protection,
Ministry of Environment and Tourism to drill its two targets in the Kalahari,
Botswana.

 

The proposed drilling programme will focus on two gravity anomalies of twelve
and six hectares close to the Company's KX36 discovery, which are of
particular interest to the Company.  The new kimberlites targets have great
potential to upgrade the existing resources in the area, including at the
Ghaghoo Mine, which is currently under care and maintenance and 60 km away
from the Company's KX36 diamond discovery. The KX36 project is a 3.5 Ha
kimberlite pipe in the Kalahari. The pipe has resources of 17.9Mt at 35 carats
per hundred tonnes ("cpht") (indicated) and 6.7Mt at 36 cpht (inferred) at
$65/ct. The modelled grade range is 57-76 cpht at an estimated diamond value
of up to $107/ct.

 

Subject to securing the necessary funding, the Company would target
commencement of its drilling programme during the Kalahari dry season (April
to October) next year.

 

Chairman, John Teeling, commented: "The receipt of environmental
authorisation, following submission and approval of our environmental impact
assessment, in Botswana is significant. We believe that further diamond
discoveries will be made in Botswana, and we believe that the Kalahari will be
the next diamond province in Botswana. We own 100% of KX36 - a significant
diamond discovery in the Kalahari, the sole kimberlite discovered in the area.
But kimberlites come in clusters. Our work to date and ongoing analysis has
identified anomalies in the vicinity of KX36 and the closed Ghaghoo mine 60kms
away. We now have the necessary approval to drill these targets".

 

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 3204

 BlytheRay

Megan Ray
 Said Izagaren

 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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