Vast Resources PLC (AIM:VAST) said it is still in discussions with Botswana Diamonds PLC (AIM:BOD) about the future development of the Ghaghoo diamond mine in Botswana.
Vast announced its decision last month not to buy the mine from Botswana Diamonds but said today the parties continue working together to ensure a mutually beneficial outcome.
In the meantime, an agreement has been reached to extend the longstop date by 40 days from 31 March 2022 to 10 May 2022 to allow Botswana Diamonds to secure an alternative joint venture partner.