Botswana Diamonds Share Discussion Threads

[lordz] 27/11/2017 11:44

The venita mine has a life span well into 2040.

[hazl] 27/11/2017 11:44

Don't hold but good luck to you lordz.

[lordz] 27/11/2017 11:42

All the major diamond mines are of close vicinity in botswana and south Africa.

[lordz] 27/11/2017 11:29

I think that the Zebediela project in south Africa in limpopo is going to be huge.This is why.http://www.diamcormining.com/operations/overview/krone_endora/Krone - Endora at VenetiaIn December of 2008 Diamcor announced it had signed a definitive asset purchase agreement to acquire the Krone-Endora at Venetia project from De Beers. The acquisition of the Krone-Endora at Venetia project closed on February 28th, 2011 and with the successful closing, the Company is now targeting a return to scaled production in 2014. The Krone-Endora at Venetia project is located directly adjacent to the De Beers Venetia Diamond Mine in the Limpopo province of the Republic of South Africa, approximately 500 km north-northeast of Johannesburg. The Venetia mine is the 3rd largest diamond mine in the world, and South Africa's largest producer of diamonds, accounting for over 50% of South Africa's annual output. A high percentage of the diamonds produced at Venetia are reported as being gem quality, with the rest sold for industrial uses. Given the Krone-Endora projects location directly adjacent to the established Venetia mine, many operational benefits are obvious.  In addition to this, both the previous exploration and the NI43-101 report concluded that the deposit on Krone-Endora at Venetia was not only an alluvial deposit, but also a rare eluvial deposit indicating a direct shift of material from the higher grounds of the Venetia Kimberlite clusters onto the lower surrounding areas of Krone-Endora. Given the eluvial nature of the deposit and its location directly adjacent to the source, the diamondiferous gravels at Krone-Endora at Venetia appear much more consistent in nature with initial grades from drilling and bulk testing much higher than that of typical alluvial type deposits.As part of the acquisition process an independent NI 43-101 technical report for the Krone-Endora at Venetia project was released by the Company in July of 2009. The report provided an initial inferred resource estimate of 54,258,600 tonnes of diamond-bearing gravels with 1,314,000 carats of diamonds for the areas of the project on which work has been done to date. In conjunction with a planned move to immediate trial-mining exercises on these areas, the Company will concurrently perform additional drilling to determine the full potential of the project and arrive at final production decisions. The deposit is also noted to be near surface, and diamond bearing from surface to bedrock, and with a total depth of 15 meters from surface to bedrock, will allow for a simple, low-cost strip mining operation to be employed.

[firmor] 27/11/2017 07:59

News must be near? AGM on Thursday

[elmfield] 22/11/2017 18:10

Fenton old boy,
At some stage the roulette wheel will spin the right way,
Lovely luc 💗

[fenners66] 22/11/2017 18:00

lordz - the post refers to 2 successes in 45 years !

My knowledge only covers about the last 15 years of failure weigh that in for balance.

[elmfield] 22/11/2017 17:48

Added another batch.

[currypasty] 22/11/2017 11:27

"The Annual General Meeting is due to be held at the Hilton London Paddington Hotel, 146 Praed Street, London W2 IEE on Thursday 30(th) November 2017 at 10.30am. A Notice of the Annual General Meeting is included in the Company's Annual Report. "

[currypasty] 22/11/2017 09:37

few rumours going round on this.. I added a few last week

[lordz] 22/11/2017 09:35

Anyway ....when is JT meeting up with Alrosa new boss.?

[elmfield] 22/11/2017 09:23

Hashing up old news, oh dear!

[lordz] 22/11/2017 09:15

HomeNewsArticlesLON:BODBotswana Diamonds PLC walks with Russian giant in OrapaShare 15:05 21 Mar 2016Drilling is about to restart on Botswana Diamonds' exploration ground near OrapaBotswana Diamonds PLC walks with Russian giant in OrapaOrapa is one of the most diamond-rich areas in the worldWhat's the latest with Botswana Diamonds PLC (LON:BOD)?One answer is that since the bottom fell out of the mining equity markets a couple of years ago, this is a company that's now largely being kept alive through the good offices of the friends and family of the company's Irish chairman John Teeling.But Teeling's a veteran of the resources space - his first marketing trip around the City of London was back in 1972 when he attempted to convince a sceptical investment community of the long-term viability of the Tara Mines in County Meath.More than 40 years later, and the sceptics are gone, but Tara mines is still going, ranking, according to its current owner Boliden, as Europe's largest zinc mine and the world's ninth largest.Not quite on the same scale, but with similar foresight, Teeling more recently marketed the AK6 kimberlite pipe in Botswana through a London-listed vehicle called African Diamonds.This too met with scepticism on occasion, and Teeling found himself battling to get the story over more than once. That AK6 is now a prized producing asset inside Lukas Lundin's Lucara Diamonds (CSE:LUC) is a vindication for Teeling of a sort, although he remains rueful that more financial support wasn't forthcoming from the City when he needed it.So, he used to going it alone. And that's what he's doing with Botswana Diamonds, the company that took on the Botswana exploration portfolio of African Diamonds once Lundin had moved in.Some viewed the Botswana portfolio as mere flotsam and jetsam, the leftovers in Botswana's prolific Orapa district. Not so Alrosa (MCX:ALNU), by some metrics the world's largest diamond company.Hard for Alrosa to get a meaningful toehold in Botswana which is traditionally the backyard of another of the world's largest diamond companies, De Beers - to the point where De Beers' joint venture with the Botswana government is one of the mainstays of the national economy.Even so, worth a shot, and so when it emerged that it might be possible for Alrosa to get sight of the Botswana Diamonds exploration database, which is probably worth several tens of millions of dollars and more to the point represents a good accumulated store of knowledge, they jumped at it.Working with Alrosa has its pros and cons. Technically, Alrosa is excellent, says Teeling. On the other hand, as with any state behemoth, it can be horribly slow.Nevertheless, as the 2016 field season opens things are moving once again."A Russian team is going to drill our PL260 license," says Teeling."It's very close to the Lucara ground. We got it last October and they immediately put their team on it. It's got three kimberlites on it that De Beers discovered, all with grade, but very low grade. Their model is that the grade will improve at depth. We are targeting a Lucara lookalike."Lots to play for, then, and lots to pay for too. For now though, the Teeling machine looks up to the challenge. The overall programme looks likely to cost US$800,000, split evenly between Alrosa and Botswana Diamonds. Later in the year there's likely to be another cash call, and as yet Botswana hasn't got that one covered. But Teeling's confident that he will.And in the meantime, rumours are swirling about developments on another project in which Botswana Diamonds has an interest, a parcel of land in the Gope district held in joint venture with a private South African company called Brightstone, via a stake in a Botswana company called Siseko.Talk is that Brightstone has found kimberlites on the Gope ground, which is not necessarily a surprise – kimberlites have been discovered there before, but hitherto they had been thought to be barren.No longer. Now the talk is that they could in fact be very rich, and Brighstone is scrabbling around for cash to do delineation drilling and a bulk sample. It's already farmed out part of its own interest to larger Botswana company BCL, but BCL is mainly into copper and, word has it, is "looking for proposals."So what happens now?Botswana Diamonds is in an enviable position. It's 15% is held via a 51% stake in Siseko, which owns 29% in the Gope ground and is free carried through to feasibility. That means there'll be no cash call on Botswana in the immediate term, but the possibility of a serious value uplift nonetheless.But will Teeling move on this ground and look to consolidate a further interest? Or will BCL bring someone else in instead. Botswana Diamonds has a pre-emption right and it has a strong partner in Alrosa.Could this be the next big Teeling play? And if so, will anyone dare to be sceptical this time round? Ok fenners66 it's is lasts years news but worth the read.

[lordz] 21/11/2017 20:14

https://qz.com/1110789/debeers-and-namibias-government-are-mining-diamonds-buried-at-the-bottom-of-the-atlantic-ocean/

[lordz] 21/11/2017 20:07

Debeers can't get enough in botswana so they have to go scooba diving lol

[markfrankie] 21/11/2017 19:31

I hope Morgan shangralei jets a crack at the whip, sorry for spelling of name !
Zims best hope I believe !

[euclid] 21/11/2017 16:03

Mugabe has resigned.

[markfrankie] 20/11/2017 14:08

Fenners, keep your blinkers on

[fenners66] 20/11/2017 13:23

So this world famous mining conglomerate - (market cap £9m )
that hasn't got enough money to drill the claims it already has
should be looking to expand into another country........ lol.

However I have to say it is the modus operandi of the 162 group keep moving on to new projects in different countries - the air miles certainly have clocked up over the years.....

Maybe you know something we don't - after all for the last decade with 162 a new project in a new country is almost always a forerunner to the last project is either a failure or just kicked into the long grass and forgotten.

[lordz] 20/11/2017 12:43

JT would probably like to go back to Zimbabwe and reevaluate at some point for gold as well as platinum now mugabee regime is over.

[markfrankie] 20/11/2017 12:36

Did we have an interest in Zim at one point? If I remember we gave it away but held a profit only % in a gold field.... ???

[ukgeorge] 20/11/2017 12:21

I think that deposit is depleted now.

Also Botswana is known as the Switzerland of Africa. Zimbabwe is like the Bulgaria of Europe (or what I imagine it to be like). It would IMO devalue BOD to associate Zimbabwe with us.

[lordz] 20/11/2017 12:13

You once had a flirtation in Zim, if I may put it like that. Will you consider going back there in future?I went into Zimbabwe in 1986 with a company called African Gold, because it is one of the highly prospective countries. Secondly, we also assumed that there would be a change of regime. It's a shocking thing to say that we thought the president couldn't live that long. I exited in 2011, 25 years later and the man looks as healthy as he ever looked, if not healthier. So yes, it's a highly prospective country, it had its problems, major problems, we had three or four small gold operations. I think it is still prospective for gold and platinum. I would love to get a proper opportunity to look at Marange diamonds ... but it will take some time before that happens and certainly if you could be sure of getting any kind of serious tittle, yes, I would go back to Zimbabwe.What will you be looking in Marange?We went into Marange before as Botswana Diamonds in 2009 and we applied for a block, but things unraveled very rapidly and it's more normal now. It's a consolidated alluvial, a hard rock alluvial, which is almost contradictory in terms, so when you go through the first meter or two meters of very high grade of stones then you get to a very hard rock and it needs to be evaluated again, but I think there are still some opportunities there in diamonds. We followed them down to the Save River where they were washed down from Zimbabwe into Mozambique. It was more financial scarcity that we stopped than anything else. Definitely, there are all kinds of opportunities in Zimbabwe not just in diamonds. The geology doesn't change, the politics will change and I hope I will be in a position and well enough to go back there.Mathew Nyaungwa, Editor in Chief of the African Bureau, RoughfromFrom the link above. Hope BOD enter Zimbabwe it would be a great project to.

[lordz] 20/11/2017 11:45

Uk george.. I don't think that they do. But Botswana is with borders to Zimbabwe and that they did apply for prospective licenses back in 2003.http://www.rough-polished.com/en/exclusive/107286.html