Botswana Diamonds PLC

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Market Cap:
£4.87 m
0.68 GBX
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In brief

Botswana Diamonds is exploring in Botswana which is the best diamond address in the world. The company’s experienced team has a successful track record of discovery. This is the team that helped discover the Karowe mine in Orapa,  Botswana, which produces extremely high value stones.

The Botswana Diamonds team has been heavily involved in diamond exploration since the 1980’s. The previous diamond company, African Diamonds, developed deposits in Botswana, Sierra Leone and Guinea. It was very successful in finding a kimberlite mine in Botswana, one of only 20 hard-rock diamond mines found outside of Russia. This was a successful partnership with De Beers and later Lucara, part of the Lundin Group. Overall the team has accumulated experience of nearly 200 man-years in exploration, development, mining and marketing diamonds. The team is now using these accumulated skills in Botswana Diamonds (BOD), listed on AIM and the Botswana Stock Exchange.

BOD has an active joint venture with Alrosa, the world’s biggest diamond company.  Alrosa is using their exclusive exploration technology on the BOD ground in Botswana.


South Africa Exploration

Vutomi Earn-In Project

20 high-interest kimberlites already identified on the various prospecting rights
10 prospecting rights encompassing nearly 50,000 hectares of highly prospective ground
A portfolio of highly prospective multi-stage exploration projects in the locality of current flagship or historic diamond mines
Good potential across the portfolio for further discoveries due to technology advancements

Thorny River

Exploration Results

The Frischgewaacht kimberlite is an eastward extension of the Marsfontein blow/dyke system and therefore similar grades are anticipated
First phase of percussion and core drilling completed along a c.1.5km strike length of the c.6km long dyke/blow complex
Petrographic results showed areas of volcanoclastic kimberlite along the dyke. This indicates that there are areas along the dyke that host small pipes/blows
Samples collected for microdiamond analyses
467 Stones were collected from surface sampling, yielding 247 carats at an average of US$180 per carat in 2015 (BCOS of +2mm). This gave a modelled revenue of US$259 per carat (BCOS of +2mm) in 2016
Currently undertaking detailed ground geophysics (to further delineate the kimberlite) which will be followed by a second phase of drilling