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Botswana Diamonds - New Prospecting Licenses awarded in Botswana

RNS Number : 2992I
Botswana Diamonds PLC
01 April 2020
 

1st April 2020


Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

 

New Prospecting Licenses awarded in Botswana

 

 

Botswana Diamonds ("BOD"), the AIM and BSE listed diamond explorer is pleased to announce that the Botswana Government has awarded six new Prospecting Licences PL 017 -18 of 2020 and PL 066 - 069 of 2020 to Sunland Minerals (Pty) Ltd ("Sunland"), a wholly-owned subsidiary of BOD.  The licence tenure is for a period of three years until 31 March 2023. The licences cover an area of 4,319 square kilometres in the Central and Kgalagadi Districts, colloquially known as the Kalahari.

 

Furthermore, the Botswana Government has renewed four existing Prospecting Licenses PL001 - 004 of 2017 to Sunland covering a total of 1,406 square kilometres in the Kgalagadi District for a further period of two years until 31 March 2022. Airborne and ground magnetic surveys from previous work conducted by Sunland Minerals on these licences have revealed well defined targets and subsequent soil sampling over the targets identified heavy concentrations of Kimberlitic Indicator Minerals (KIMs) over these targets particularly Chrome Diopsides strongly suggesting an underlying kimberlite source. An environmental study is in progress to pave the way for the drilling of these high priority targets.

 

The President of the Republic of Botswana Mokgweetsi Masisi has declared a state of emergency following confirmation of three coronavirus cases in the country.  He has also announced a lockdown beginning 2nd April for 28 days.

 

Work will commence on our licenses following lifting of the state of emergency and lockdown.

 

 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

 

This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), 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 34-years' experience in the diamond sector. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. The person who arranged for the release of this announcement on behalf of the Company was James Campbell, Director

 

A copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.uk

ENDS

Enquiries:

Botswana Diamonds PLC
John Teeling, Chairman

James Campbell, Managing Director

Jim Finn, Director

 

 

+353 1 833 2833

+27 83 457 3724

+353 1 833 2833

Beaumont Cornish - Nominated Adviser 
Michael Cornish

Roland Cornish

 


+44 (0) 020 7628 3396

Beaumont Cornish Limited - Broker 
Roland Cornish

Felicity Geidt

 

+44 (0) 207 628 3396

Novum Securities Limited -  Joint Broker 
Colin Rowbury

+44 (0) 20 399 9400

 

Blytheweigh - PR
Megan Ray
Rachael Brookes

 

+44 (0) 207 138 3206

+44 (0) 207 138 3222

+44 (0) 207 138 3203

 

Teneo

Luke Hogg

Alan Tyrrell

Thomas Shortall

 

+353 (0) 1 661 4055

+353 (0) 1 661 4055

+353 (0) 1 661 4055

 

 

www.botswanadiamonds.co.uk


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Price: 0.7325

Market: AIM
Market Cap: £4.92 m
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