REG - Botswana Diamonds - Renewal of Prospecting Licenses in Botswana

Botswana DiamondsAnnouncement

15/01/2025 07:00

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RNS Number : 3130T  Botswana Diamonds PLC  15 January 2025

 

15 January 2025

 

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Renewal of Prospecting Licenses in Botswana

 

The board of Botswana Diamonds plc ("BOD" or "The Company") is pleased to
announce that its Prospecting Licenses 224/2007 and 169/2019 have been renewed
for two years until 31(st) December 2026 by the Minister of Minerals and
Energy in Botswana.  These licenses include the KX36 discovery, as well as
several high-grade geophysical anomalies where authorisation has been granted
for drilling.

 

KX36 is a 3.5 Ha kimberlite pipe with an indicated resource of 17.9Mt of 35
carats per hundred tonnes ("cpht") and 6.7Mt at 36 cpht (inferred) at $65/ct.
The new kimberlites targets have potential to upgrade this resource.

 

 

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.

 

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

 

 

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

 

ENDS

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