REG - Botswana Diamonds - Marsfontein Update

Botswana DiamondsAnnouncement

13/09/2023 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:20230913:nRSM2153Ma&default-theme=true

RNS Number : 2153M  Botswana Diamonds PLC  13 September 2023

 

13(th) September 2023

 

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Marsfontein Update

 

Botswana Diamonds plc ('BOD') is pleased to provide an update on its
Marsfontein and Thorny River Projects in South Africa.

 

Mining of the dumps at Marsfontein is ongoing. Exploration, including drilling
and geophysics in the mine area has identified a blow of between 5 and 10
metres wide and about 13 metres from surface. This is fresh kimberlite. While
we await outstanding permits to mine Thorny River we can continue to mine at
Marsfontein.

 

Chairman, John Teeling, commented: "As a proof-of-concept project Marsfontein
is delivering diamond recoveries and values above expectations as previously
reported in August. This augers well for Thorny River. The discovery of an
unmined blow is excellent news and will enable ongoing production until final
permits to mine Thorny River are received".

 

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  UPDBLGDCIGBDGXD