REG - Botswana Diamonds - Marsfontein Production Update

Botswana DiamondsAnnouncement

03/08/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230803:nRSC1168Ia&default-theme=true

RNS Number : 1168I  Botswana Diamonds PLC  03 August 2023

 

3(rd) August 2023

 

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Marsfontein Production Update

 

Botswana Diamonds plc ('BOD') the London AIM and Botswana Stock Exchange
listed diamond exploration and development company is pleased to provide a
production update on its Marsfontein project in South Africa which is designed
to provide information to assist our Thorny River development.

 

Site establishment commenced during the latter part of January 2023, with the
first diamonds as previously reported being recovered from the gravels and
dumps surrounding the historic pit during March 2023.  Diamond recoveries and
values have been above expectations. To date 1,481 carats have been recovered
from the project, with the largest stone recovered being a low quality/value
24.6 carat stone and with several Special (high value) stones.

 

Mining and processing activities are ongoing.

 

Thorny River is currently anticipated to go into production during the course
of H2 2023.

 

Chairman, John Teeling, commented: "Mining on Marsfontein is a proof of
concept, which is working well.  Despite a slow start with equipment and
weather issues the project is delivering better than expected grades and
diamond values. This augurs well for our adjacent Thorny River development
which is expected to commence in the latter half of 2023".

 

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,
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

Said Izagaren                           +44 (0) 207 138 3553

                                          +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)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDDZGGRKZGGFZM