Botswana Diamonds (LON:BOD) – SPECULATIVE BUY*: Exploration update
Market Cap: £2m; Current Price: 0.8p
Drilling imminent at PL210
- The Botswana Diamonds and Alrosa team have commenced work in Orapa.
- Drilling starting imminently on PL210.
- Work at Gope Licences to commence shortly after completion of drill programme on PL210.
NORTHLAND CAPITAL PARTNERS VIEW: Botswana Diamonds and major joint venture partner Alrosa are on the ground commencing heavy concentrate sampling and other reconnaissance work with drilling expected to commence shortly on PL210. The PL210 target is a coincident geochemical and geophysical anomaly that may represent a kimberlite body. Discovering a diamond bearing kimberlite pipe would be a major development for Botswana Diamonds but we continue to highlight that diamond exploration remains high risk.