Proactive Investors - Run By Investors For Investors

Botswana Diamonds: Fourie steps down as director; sampling begins in Cameroon

Botswana Diamonds: Fourie steps down as director; sampling begins in Cameroon

Botswana Diamonds (LON:BOD) said Andre Fourie is stepping down as a director but will continue as a consultant.

The company, which raised £1.51 million last month, to help fund ongoing exploration in Botswana, Cameroon and Zimbabwe, also revealed a new appointment to the board of two of its subsidiaries, as it updated investors on activities.

Kabelo Mohohlo has been appointed to Kukama Mining and Exploration and Atlas Minerals, it said.

Mohohlo, currently the MD of African Alliance Botswana Securities, will oversee the growing presence of the company in Botswana.

Elsewhere, Botswana said that two 100-150 tonne samples had been gathered from its Mobilong licence in the Cameroon and results will follow in the second quarter this year.

Meanwhile, in Zimbabwe, a small bulk sample is ongoing on claims in the Masvingo area, where Rio Tinto (LON:RIO) discovered diamond indicator minerals and kimberlites.

"The purpose of the work on the claims which are 49 per cent owned by BOD and 51 per cent local Zimbabwean ownership, is to confirm the presence of kimberlites and to determine if they are diamondiferous," the company said.

In Botswana, analysis of data is continuing on the firm's 50:50 joint venture with initial results expected in the last half of this year.

Following Fourie's departure, an additional director will be appointed soon, the firm added.

View full BOD profile View Profile

Botswana Diamonds Timeline

Related Articles

August 07 2017
The Aussie sapphire and gemstone group reported a 66% rise in total income for the first half of 2017.
November 30 2016
John Kaminsky, MD & CEO, exclusively joins Proactive Q&A Sessions™.
June 14 2017
Fosun said its 40.85p a share offer is a "compelling cash alternative"

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use