Botswana Diamonds Share Discussion Threads

[lordz] 22/8/2018 20:56

Don't want to wake up pippe and lippe

[lordz] 22/8/2018 20:55

Firmor..http://www.proactiveinvestors.co.uk/companies/news/202946/botswana-diamonds-takes-a-portfolio-approach-to-exploration-in-the-best-diamond-address-in-the-world-202946.html

[firmor] 22/8/2018 19:36

I would think BOD are involved as M.D. James Campbell said in the latest interview vast are a fantastic team to work with and he work in Zimbabwe in the past so know the country and people well we could get an update soon.article on 15th August news will be thick and fast in month's ahead

[lordz] 22/8/2018 14:14

VAST moving considerably on that news out today.

[bookwormrobert] 22/8/2018 13:59

Vast have just issued an RNS re: the possible rights to part of the Marange diamond fields.
Very exciting for Vast, which originally discovered the Marange fields, and which once had a market cap of 500m quid based on that discovery - before the fields were then taken away by Mugabe after a quite farcical legal process.
I'm not quite sure how BOD fit in here, but obviously they already have a JV with Vast.

[lordz] 11/8/2018 19:50

All their PL are looking to go to the inferred resources stage's which is a good sign.

[firmor] 11/8/2018 18:59

I think we will get update on drilling starting at the beginning of September in the freestate

[lordz] 08/8/2018 08:16

I agree too Fenner66... But let's get the party ? started

[lordz] 07/8/2018 23:15

https://www.mining-technology.com/news/botswana-diamonds-signs-mou-with-vast-for-joint-project-in-zimbabwe/Link to the above news.

[lordz] 07/8/2018 23:15

3 MAY 2018NEWSBotswana Diamonds signs MoU with Vast for joint project in Zimbabwe     Botswana Diamonds (BOD) has entered a memorandum of understanding (MoU) with mining and resource development company Vast Resources to form an alliance for the joint exploration of diamonds in Zimbabwe.In addition to the collaborative exploration initiative, the MoU will also see the parties exchange information obtained from past exploration on prospective areas in Zimbabwe.The collaboration is expected to leverage BOD's expertise relating to diamond exploration, development and mining in the country."We believe the time has now come for us to make use of our historic diamond knowledge with a view to bringing value for all stakeholders."Vast previously acquired a database relating to diamonds in Zimbabwe in 2008, which the company used to conduct exploration works until 2010.BOD has also independently acquired a Zimbabwe diamonds database.Botswana Diamonds chairman John Teeling said:  "Both Botswana Diamonds and Vast Resources have extensive experience in, and knowledge of, the country."It is opening for business and both BOD and Vast are keen to make the most of this opportunity."BOD and Vast are expected to form a special-purpose, jointly owned company in order to carry out the planned exploitation programme.Vast Resources chief executive Andrew Prelea said: "As a result of the new government's desire to open up business in Zimbabwe, we believe the time has now come for us to make use of our historic diamond knowledge with a view to bringing value for all stakeholders in developing Zimbabwe's diamond resources."Vast is the owner of the Manaila polymetallic mine in Romania, which is currently preparing for expansion via the development of an additional open-pit operation and new metallurgical complex at the Carlibaba Extension Area.The company also holds an 80% interest in the Baita Plai polymetallic mine in Romania, as well as a 25% interest in the Pickstone-Peerless gold mine in Zimbabwe.

[lordz] 07/8/2018 22:55

https://www.dailynews.co.zw/articles/2018/08/07/eureka-has-an-indicated-resource-of-1-08-million-ounces

[lordz] 01/8/2018 00:14

https://www.diamonds.net/News/NewsItem.aspx?ArticleID=62382&ArticleTitle=Botswana+Diamonds'+Kimberlite+Find+Unviablewebsite and through other media, we use cookies and similar technologies to recognize you and/or your device(s) as well as market to you on and across different services, websites and apps. You can manage or block cookies using your browser settings. For more information, please see our privacy policy here.I understand  Diamonds.Net  RapNet.com  Rapaport Auctions  Rapaport StoreMorBotswana Diamonds' Kimberlite Find UnviableJun 6, 2018 7:17 AM   By Rapaport NewsRAPAPORT... Botswana Diamonds will not continue exploration of the Ontevreden pipe in South Africa, after discovering it was smaller than previously expected, it said Wednesday. "Modern mineral exploration technology is not a magic bullet," said chairman John Teeling. "Modern geophysics indicated a 0.7-hectare pipe at Ontevreden.Our drilling confirmed a smaller pipe, which is not currently commercial."Research by the University of Johannesburg showed that the site's rock displayed characteristics typically present in high-grade kimberlite pipes, the company said in October. However, though further drilling of the resource confirmed it contained kimberlite, it was not enough to make the project viable for full-scale operation. The miner plans to focus on two other South African projects. Botswana Diamonds has been awarded a prospecting license for the Mooikloof asset, adjacent to the Oaks mine - which De Beers owned, and close to another De Beers mine -Venetia. Mooikloof was last prospected in 1986, yet Botswana Diamond said it was underestimated at the time and is still commercially viable. The miner has also received its technical evaluation of the Thorny River project. The results show the deposit holds between 1.2 million and 2 million tons of kimberlite, estimated to be worth between $120 and $220 per carat. "Significant progress has been made on our joint-venture projects in South Africa," Teeling said. "We are pleased to finally be awarded the Mooikloof concession.... The pipe is historically estimated at 2.5 hectares in size, and contains diamonds." The company will reassess the pipe using recently developed exploration techniques, he explained. "Analysis shows that a mine on the Thorny River deposit could be profitable, assuming positive results from additional exploration," Teeling added.

[mickluv1] 31/7/2018 22:29

Old but interesting Lords thanks

[lordz] 31/7/2018 20:32

Mickluv1...of any interest.https://www.google.co.uk/url?sa=t&source=web&rct=j&url=https://www.miningdataonline.com/reports/annual/DiamondHandbook_AR_2005.pdf&ved=2ahUKEwiNlJeIg8rcAhWlLsAKHQKHAKI4ChAWMAB6BAgDEAE&usg=AOvVaw1fHPI-UhMM-7dOY4Aeer7d

[lordz] 31/7/2018 20:14

DE BEERS – CULLINAN DIAMOND MINE LOCATION: On the farms Beynespoort 335 Jr, Elandsfontein 480 Jr and Louwsbaken 476 Jr, in the Cullinan-Rayton area, Gauteng Province.CONTROLLING COMPANY: De Beers Consolidated Mines Ltd., 36 Stockdale St, KimberleyGEOLOGY: The Cullinan kimberlite is the most important pipe in a cluster of 11 Group Ikimberlites. The pipe consists of 3 distinctive kimberlite types (De Beers Geology Division,1998). The Cullinan kimberlite is kidney shaped. It is estimated that 300m of erosion has occurred since the pipe was intruded 1 200 million years ago. On surface the pipe has a maximum length of 860m e-w, and a width of 400m n-s. PRODUCTION: In 2004, production was 1 304 416 carats from treating 4.458 Mt of ore at 29.3carats/100 tonnes. COMMENT: Current reserves will be depleted in the year 2010. A project to extend mining reserves(the C-Cut) to 2038 has been delayed. An earlier ore-body sampling exercise has indicated a C-Cut resource in excess of 160 million tons (>80 million carats).RESERVES: The 2003 Annual Report tabled the following reserves and resources:Ore (metric tons-millions)Grade(cpht)Diamonds (carats -millions)Probable reserves 194.6 57.2 111.3Indicated resources 19.4 61.2 11.9Inferred resources 121.1 9.3 11.2Total reserves and resources*335.2 40.1 134.4At a bottom cut-off size of 1 mm, a planning revenue of $44.67/carats to a depth of 1 155m.TRIVIA: The Cullinan Diamond Mine management celebrated the mine's centenary in 2003, withthe minting of a Krugerrand at about 645m underground. This is the first known minting of a gold coin underground, producing what this author calls a "Diamint".The largest gem diamond ever recovered, the Cullinan diamond, that weighed 3 106 carats wasproduced at the Cullinan Diamond Mine.

[lordz] 31/7/2018 20:06

The difference between a licence and a permitLICENCEA licence is an authorisation granted to an applicant (on a prescribed form), allowing him to carry on a business on a continuous (subject to periodic renewal) or permanent basis and usually but notnecessarily provides for the performance of more than one activity. Licences are valid until they lapse or are suspended or cancelled. Licences are only transferable by prior approval. PERMITIs permission granted to an applicant (on a prescribed form) to conduct an occasional, specific activity for a fixed period of time, or in some cases to conduct a once-off or non-recurring activity, or in rarecases to cover special circumstances. Permits expire, whereupon a new permit would have to beapplied for. Permits are not transferable.

[fenners66] 31/7/2018 15:19

LOL

Actually he had no shares - so I guess he was not a Vutomi shareholder....

[chapchip] 31/7/2018 15:01

keep posting fenners..just ticked up

LOL

[fenners66] 31/7/2018 14:57

Interesting to note how much Mr Campbell is receiving in Director's remuneration....
Joined in Dec 2016
and in the June 2017 accounts he received £58,758

About £100k a year.

[mickluv1] 31/7/2018 14:57

Hi Fenners I think JC owns 30% and one of his associates another 20% he announced that in a share cast last week

[fenners66] 31/7/2018 14:07

From the 2017 Final accounts

"We are delighted that James Campbell joined us as Managing Director in December 2016. He brings knowledge, experience, contacts and energy to the Company."

"In joining BOD he brought with him the Vutomi projects"

"In February 2017, BOD entered into an Option and Earn In Agreement with Vutomi Mining Pty Ltd, a private diamond exploration and development firm in South Africa."

"Botswana Diamonds has agreed to pay Vutomi a total of £942,000 in cash, of which £581,000 will be used to fund exploration activities. In addition, the Company will issue 100 million ordinary shares of 0.25p each (“Ordinary Shares”) to Vutomi shareholders."

"The Agreement will be executed in three Phases after which the Company will own 72% of Vutomi. The remaining 28% will continue to be held by Vutomi's Black Economic Empowerment (‘BEE’) partners. At any point the Agreement will lapse it the Company does not exercise its option regarding a specific Phase."



So what are the "specific phases"
What happens when some of the rights are in dispute ?
Could that lead to a lapse in the agreement ?

From the Risks section

"Risk
Nature of risk and mitigation
Licence obligations
Operations must be carried out in accordance with the terms of each licence agreed with the relevant
ministry for natural resources in the host country. Typically, the law provides that operations may be
suspended, amended or terminated if a contractor fails to comply with its obligations under such
licences or fails to make timely payments of relevant levies and taxes"

We know the BEE is a share holder in Vutomi - who else is /was ?

It insinuates "brought with him the Vutomi projects" that he could have been a shareholder - does it say in the accounts - I have not found it either way ?