Botswana Diamonds Share Discussion Threads

[ein] 13/5/2016 12:37

Talkman, I meant the Alrusa drilling taking place at the moment on Bods license,as you say there has already been micro diamonds found on the first drillings on Brightstone, which is quite amazing on a first drilling?

[talkman2] 13/5/2016 08:53

They already have found diamonds . The drilling is to prove grade and quality . The market has just not cottoned on to this fact . Read the 3rd paragraph very carefully from the recent RNS.

[ein] 12/5/2016 14:17

If diamonds show up in drilling they certainly will and more.Best to read the last R N S from Bods and then check out the Companies mentioned, it is quite reassuring?

[tomatoma2] 12/5/2016 13:28

Some are looking for gains on the recent rise. Foolish not to wait for drilling results which will turn this into a 10 bagger

[mickluv1] 12/5/2016 12:26

2.6Mil bought 700k sold yet a 6% drop if that's not blatant manipulation I don't know what is!!! Something big to come here soon!!! GLA

[dmelon] 11/5/2016 17:04

Another solid day.

[tomatoma2] 10/5/2016 16:52

Good volumes today. Strong support. The fact that diamonds have been found in multiple structures is significant.

[kobanaman] 10/5/2016 13:16

Whats the timescale likely to be for the report of their findings?

[talkman2] 10/5/2016 09:03

That's the fact . They have already discovered diamonds .

The drilling is to confirm size and quality ! Hey , market . Do you understand what is happening here . Market cap of just around £7million ! You can see the upside .

[mickluv1] 10/5/2016 08:26

The Diamonds are there they just need to assess the size and quality within the site! This is going to blow. We are also due a drilling update on the other licenses soon..........

[markfrankie] 10/5/2016 08:12

Talkman2 it sure is, maybe there is a disbelief that Dr T and gang could ever do it again..... Where there is thunder there is .........
But surely lightning doesn't strike somebody twice

[elmfield] 09/5/2016 23:07

I needed to read it twice to be sure I got that right.

[talkman2] 09/5/2016 22:01

I don't think the market has cottoned on in any way that the company has confirmed that diamondiferous kimberlites have already been discovered . This is going to get very exciting .

[markfrankie] 09/5/2016 21:02

so so true cc..... best not to think about it?

[chapchip] 09/5/2016 19:28

A rerun of afd would be most welcome.

Given how ak6 had turned out you wonder how much the share price of afd would have been if the worlds economy hadn't crashed and they had to practically give it away!!!!!

[ein] 09/5/2016 18:54

This is now starting to look like a rerun of A F D? Its also starting to attract notice from punters?

[leedskier] 09/5/2016 18:38

Fingers crossed they discover diamonds.

[markfrankie] 09/5/2016 17:46

John Teeling, Chairman, commented “We now know there are diamonds on PL 186''



nice bonus this, let alone jv with alrosa

[kobanaman] 09/5/2016 15:52

Looking forward to the update on the diamond haul

[colin12345678] 09/5/2016 12:32

NT to buy a grand

[ruthie] 09/5/2016 12:32

Botswana Diamonds PLC
(“Botswana Diamonds” or the “Company”;)

Update – Maibwe Diamonds (Brightstone)

The Board of Botswana Diamonds are pleased to announce that a Large Diameter Drilling (LDD) programme will commence shortly on PL 186 which is part of the Maibwe (Brightstone) block of licences in the Gope Region of Botswana. Botswana Diamonds owns 15% of Maibwe Diamonds and has a free carried interest in the project up to Bankable Feasibility Study.

Maibwe Diamonds is a privately-held company controlled by BCL (51%) a state-owned copper and nickel producer in Botswana. BCL is the operator.

The planned LDD drilling for macro diamond evaluation, to be undertaken by Maibwe Diamonds, is to follow up on diamond drilling conducted in 2015 on PL 186 which found a number of diamondiferous kimberlites. The LDD drilling is to confirm the 2015 results and gain a clearer understanding of the grade and size frequency distribution of diamonds. Work on the other licences within the Maibwe block is also planned.

The area is deemed highly prospective for diamond discoveries. In 2013 Botswana Diamonds signed a joint venture with Brightstone Mining on the block. BCL subsequently took over the block in 2015 and created Maibwe Diamonds. Botswana Diamonds retains a 15% position in Maibwe Diamonds. This project is completely separate from the Botswana Diamonds/Alrosa joint venture.

There exists already one producing diamond mine in Gope, namely the Ghaghoo mine owned by Gem Diamonds.

John Teeling, Chairman, commented “We now know there are diamonds on PL 186. The upcoming drilling is to establish the grade and quality.”
_______________________________________________________________________________ __

This release has been approved by Benjamin Mosigi, MSc (Mineral Exploration and Mining Geology), who is a member of the Geological Society of South Africa.
___________________________________________________________________________ ______

 
Enquiries:
Botswana Diamonds PLC
John Teeling, Chairman [phone]
Jim Finn, Director
Dipti Mehta
Northland Capital Partners Limited
David Hignell/Gerry Beaney (Corporate Finance) [phone]
John Howes (Broking)
Dowgate Capital Stockbrokers Limited
Jason Robertson [phone]
Blytheweigh [phone]
Camilla Horsfall [phone]
PSG Plus
Colm Heatley [phone]
Alan Tyrrell [phone]

www.botswanadiamonds.co.uk

[ruthie] 09/5/2016 11:47

Lucara Diamond Corp.



May 9, 2016

Lucara Sells Its 813 Carat Diamond for US$63 Million, the Highest Price Ever Achieved for the Sale of a Rough Diamond

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2016) - (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC), Lucara Diamond Corp. ("Lucara" or the "Company"), is pleased to announce that the exceptional 812.77 carat, Type IIa diamond recovered from the Karowe mine in Botswana in November 2015 (see news release dated November 19, 2015), has been sold for US$63,111,111 (US$77,649 per carat). As part of the sale, Lucara has partnered with Nemesis International DMCC, and retains a 10% interest in the net profit received from the sale of the resultant polished diamonds.

The 813 carat diamond has been named, "The Constellation", in collaboration with our partner.

William Lamb, President and CEO, commented, "We are very pleased with the result from the sale of this magnificent 813 carat diamond as well as the opportunity to further participate in profits earned when the polished product is sold. The sale of the 813 carat diamond is the highest price ever achieved for a rough diamond, breaking all records. This achievement solidifies our reputation in the jewelry industry as one of the most important sources of diamonds of the very highest quality. We look forward to the next stage of Lucara's development with the sale of the spectacular 1,109 carat, Lesedi La Rona diamond which will take place at Sotheby's London on June 29, 2016."


On behalf of the Board,
William Lamb
President and CEO



About Lucara

Lucara is a well-positioned diamond producer. The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company's main producing asset is the 100% owned Karowe Mine in Botswana. The Company also conducts exploration activities and holds two precious stone prospecting licenses close to its Karowe mine.

The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.

The information in this release is subject to the disclosure requirements of Lucara Diamond Corp. under the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This information was publicly communicated on May 9, 2016 at 2:00 a.m. Eastern Time.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
Certain of the statements made and contained herein and elsewhere constitute forward-looking statements as defined in applicable securities laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or achieved.

Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The Company believes that expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information included herein should not be unduly relied upon. In particular, this release may contain forward looking information pertaining to the following: the estimates of the Company's mineral reserve and resources; estimates of the Company's production and sales volumes for the Karowe Mine; estimated costs to construct the Karowe Mine, start-up, exploration and development plans and objectives, production costs, exploration and development expenditures and reclamation costs; expectation of diamond price and changes to foreign currency exchange rate; expectations regarding the need to raise capital; possible impacts of disputes or litigation and other risks and uncertainties describe under Risks and Uncertainties disclosed in the Company's Annual Information Form.

There can be no assurance that such statements will prove to be accurate, as the Company's results and future events could differ materially from those anticipated in this forward-looking information as a result of those factors discussed in or referred to under the heading "Risk Factors' in the Company's most recent Annual Information Form available at as well as changes in general business and economic conditions, changes in interest and foreign currency rates, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, costs of power and diesel, acts of foreign governments and the outcome of legal proceedings, inaccurate geological and recoverability assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalations, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job actions, adverse weather conditions, and unanticipated events relating to health safety and environmental matters)
Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, and the Company does not assume any obligations to update or revise them to reflect new events or circumstances, except as required by law.

CONTACT INFORMATION:
North America:
Sophia Shane
Corporate Development
[phone]
[e-mail]

or

Sweden:
Robert Eriksson
Investor Relations
[phone]
[e-mail]

or

UK:
Louise Mason
Asabe Communications
Investor Relations
[phone]
[e-mail]

[euclid] 09/5/2016 11:15

Why did the chicken cross the road?
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To see Gregory Peck.