Botswana Diamonds Share Discussion Threads

[georgeo1] 02/12/2020 07:06

Botswana Diamonds PLC Kimberlite pipe discovered at Thorny RiverSource: UK Regulatory (RNS & others)TIDMBODRNS Number : 1829HBotswana Diamonds PLC02 December 20202(nd) December 2020Botswana Diamonds PLC("Botswana Diamonds" or the "Company")Kimberlite pipe discovered at Thorny RiverBotswana Diamonds is pleased to report the discovery of a new kimberlite "blow" (i.e. a small pipe) located on our Thorny River project in South Africa. The blow was discovered during our recent drilling programme and covers a target area of 0.4 hectares.John Teeling, chairman, commented. "Our drilling has discovered a small kimberlite pipe ("a blow") on the Thorny River project. This is very significant as the nearby Marsfontein (0.4 hectares) and Sugarbird (0.5 hectares) blows were extremely profitable diamond-producing operations. We are moving forward with a programme to define the extent of this new resource particularly as the diamond grades are known to be consistent across the whole area".A total of six holes were drilled in the Thorny River area. A combined total of 39.5m intersected kimberlite while an additional 55m intersected a weathered kimberlite breccia. The best hole contained a down-the-hole (at forty-five degrees dip) intersection of kimberlite and kimberlite breccia of 19m. Both kimberlite and kimberlite breccia are being analysed for diamonds and indicators. We have enough data to construct a preliminary 3D model of the resource and to estimate kimberlite volumes. Following this we will perform core drilling to confirm the precise geology and kimberlite profile.Drilling on the Marsfontein targets discovered no additional extensions to the M8 kimberlite. The focus on this property will be on the diamondiferous alluvial deposits confirmed by our recent geophysics programme and by Professor Tania Marshall, the current Chairperson of the SamCode Standards Committee and a recognised expert in the geology and assessment of diamondiferous alluvial deposits. A further five targets will be drilled in the Thorny River area in the near future.This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Member of the Geological Society of South Africa, 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 35-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, DirectorA copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.ukENDSEnquiries:Botswana Diamonds PLC John Teeling, Chairman [phone] James Campbell, Managing Director [phone] Jim Finn, Director [phone] Beaumont Cornish - Nominated Adviser Michael Cornish Roland Cornish [phone] Beaumont Cornish Limited - Broker Roland Cornish Felicity Geidt [phone] First Equity Limited - Joint Broker Jason Robertson [phone] Blytheweigh - PR [phone] Megan Ray [phone] Rachael Brooks [phone] Said Izagaren [phone] Naomi Holmes [phone] Teneo Luke Hogg [phone] Alan Tyrrell [phone] Ross Murphy [phone] www.botswanadiamonds.co.ukThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDMSCEAKAFELDEFFA(END) Dow Jones NewswiresDecember 02, 2020 02:00 ET (07:00 GMT

[georgeo1] 01/12/2020 20:27

https://www.foreignbrief.com/daily-news/botswana-to-reopen-land-borders/Botswana's government will reopen borders to allow foreign travel today for the first time since March.Airports, roads and other ports of entry will be open to tourists who have undergone prior testing for COVID-19. The government hopes that re-opening its borders will boost the sagging economy after the pandemic devastated the country's mining industry, which makes up 25% of its GDP and 80% of its exports. The second quarter of 2020 saw national GDP contract by 24%.However, the sector is making a rapid recovery with premier jeweller firm De Beers seeing a 57% leap in sales in September. This augurs well for the economy, which is heavily dependent on diamond mining. Expect Botswana to implement new programs attracting investment similar to recent policies in Rwanda. These allow mining companies to write off costs of unprofitable ventures. Such incentives may prove crucial in an industry where profit margins are often uncertain. Botswana's Chamber of Mines has already hinted that the government will take future steps to protect investors.The opening of tourism in the country is unlikely to fuel the recovery, since the industry on a global level is unlikely to return to its 2019 height until 2024.Wake up smarter with an assessment of the stories that will make headlines in the next 24 hours. Download The Daily Brief.

[atlas1234] 01/12/2020 17:30

Absolutely. Huge blue sky in this stock. Just need big nuts and a spare pair along side but it is the diamond exploration play to be in.

[jscapper] 01/12/2020 11:11

Bought for a song.

[georgeo1] 30/11/2020 14:55

https://youtu.be/JbTN9ZX87yM

[atlas1234] 30/11/2020 14:19

The twit is not worth further air time.

[atlas1234] 30/11/2020 14:18

Microdiamond sample fenners, used to extrapolate the big diamond population using stats. You wont get big diamonds in a 400kg sample unless you have an extraordinary reserve or luck. Go back to diamond exploration 101 where you more rightly belong. Btw - you are quite correct in what you say, but that is only a small fraction of the picture.

[atlas1234] 30/11/2020 14:10

Thanks. Had me scratching on that one!

[fenners66] 30/11/2020 14:05

Can you answer this...


"So they got 250 diamonds the largest 0.393 ct
Leaves the other 249 as 0.756 - 0.393 = 0.363 total
Which averages at 0.00146 ct each !"

249 "diamonds" microscopically small - what are they good for and who would buy ?

But of course Petra have sold this prospect....

[georgeo1] 30/11/2020 13:50

Sorry that was aimed at Fenners not you atlas.

[georgeo1] 30/11/2020 13:48

You surely cant say JC is wrong to go into commercially.

[georgeo1] 30/11/2020 13:45

Then why would BOD were Petral ready to commence onto a potential mine with all the millions that went into it in the first place . You are not an geologist.

[atlas1234] 30/11/2020 12:17

0.756 cts for 400kg implies a grade of 1.89cts per ton, or 189 cpht. At $65/ ct, implied revenue is $122/ ton. This can only be a decent project, esp when a proper full assortment from a bulk sample is taken to account

[atlas1234] 30/11/2020 11:57

If we do the maths here, at the top end of 75cpht (.75 cts to the ton) one would have expected 0.30 cts as opposed to the 0.76 recovered by sampling. So this sample is suggesting something way better in reality.With the modelling of these stones over a normal distribution (size frequency distribution curve, industry standard) the projected revenue over the entire assortment comes out $65 - $107/ct, once the projected larger stones have been taken to account in the assortment. These revenue values would only be applied to a much larger sample - typically a few 000 tons as opposed to a few kg. So diamonds 101 for idiots - diamond valuations are not homogenous, and exploration is not a money making game. Fenners maths is a classic example of comparing apples with something from an alien planet.

[atlas1234] 30/11/2020 11:25

The troll is out again displaying his usual non comprehension of the diamond exploration business.

[fenners66] 30/11/2020 09:56

"a total of 1,373 metres was drilled in five holes and 250 diamonds, collectively weighing 0.756 carats, were recovered from 403.88 kilogrammes of kimberlite.
The largest diamond recovered was transparent white, weighing 0.393 carats.
An initial model puts the diamond grade for the kimberlite between 75 carats per hundred tonne (cpht) and 180 cpht.

So they got 250 diamonds the largest 0.393 ct
Leaves the other 249 as 0.756 - 0.393 = 0.363 total

Which averages at 0.00146 ct each !

Worth at $65 / ct......

9.5c ! wow

Thats less than collecting plastic bottles from the street in Germany and Austria say.....

They got 0.756 ct worth about £49 out of over 400kg of kimberlite so that's going to cost a packet to process and is anyone interested in diamonds at 0.00146 ct each?

[georgeo1] 30/11/2020 08:48

Karowe more like.

[georgeo1] 30/11/2020 07:47

Botswana Diamonds PLC Acquisition of Sekaka Diamonds completedSource: UK Regulatory (RNS & others)TIDMBODRNS Number : 8266GBotswana Diamonds PLC30 November 202030(th) November 2020Botswana Diamonds PLC("Botswana Diamonds" or the "Company")Acquisition of Sekaka Diamonds completedHighlights:-- Acquisition completed -- Sekaka owns: - The high grade KX36 kimberlite pipe - A fit-for-purpose kimberlite processing plant - An extensive diamond exploration database Botswana Diamonds ('BOD'), the AIM and BSE listed diamond explorer, is pleased to announce that the acquisition of Sekaka Diamonds Pty Ltd ('Sekaka'), as previously announced on 20(th) July 2020, has now been completed. Sekaka was Petra's exploration vehicle in Botswana and holds three Prospecting Licenses in the Central Kalahari Game Reserve ("Kalahari") in Botswana, PL169/2019, PL058/2007 and PL224/2007, which includes the high grade KX36 kimberlite pipe. The acquisition also includes an extensive database, built up over 15 years of exploration.John Teeling, chairman, commented. "We are delighted that this acquisition has now closed. This now paves the way to explore commercial development options for KX36 and begin to evaluate the extensive database in conjunction with ours to discover more kimberlites in prime diamond real estate".KX36 is a 3.5Ha kimberlite pipe, discovered by Sekaka, in the Kalahari. The kimberlite is situated approximately 70 km from Gem Diamonds' Ghaghoo Mine, and 260 km north-west of Botswana's capital Gaborone. Sekaka has undertaken extensive exploration work on KX36, including extensive core and Large Diameter Drilling ('LDD'). There is a historic SAMREC compliant Indicated Resource of 17.9 million tonnes at 35 cpht, and an Inferred Resource of 6.7 million tonnes at 36 cpht, estimated for the pipe by Z-Star in 2016. As Sekaka owns 100% of KX36, gross and net resources are the same. Sekaka is the operator of KX36. BOD has not independently verified the historic resource estimate. Modelling these grade estimates suggests overall grades of between 57 cpht and 76 cpht. The estimated diamond value from the LDD is $65/ct, with an upside range of between $97/ct and $107/ct, all assuming a +1.15mm Bottom Cut-Off ('BCOS') or +3 DTC diamond sieve.Sekaka also holds a recently constructed, fit-for-purpose bulk sampling plant on site. The sampling plant includes crushing, scrubbing, dense media separation circuits and x-ray recovery modules within a secured area.Sekaka's extensive diamond exploration database contains the results of work undertaken since 2005. The data include data in respect of airborne (including the Falcon survey) and ground magnetics (including gravity and electromagnetics), in addition to heavy mineral sampling. BOD believes that the information contained in the database will provide substantial support to its future kimberlite exploration activities in Botswana.The first deferred consideration cash payment of US$150,000 will be payable on 27(th) November 2021, being the first anniversary of completion of the acquisition.This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Member of the Geological Society of South Africa, 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 35-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, DirectorA copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.ukENDSEnquiries:Botswana Diamonds PLC John Teeling, Chairman [phone] James Campbell, Managing Director [phone] Jim Finn, Director [phone] Beaumont Cornish - Nominated Adviser Michael Cornish Roland Cornish [phone] Beaumont Cornish Limited - Broker Roland Cornish Felicity Geidt [phone] First Equity Limited - Joint Broker Jason Robertson [phone] Blytheweigh - PR [phone] Megan Ray [phone] Rachael Brooks [phone] Said Izagaren [phone] Naomi Holmes [phone] Teneo Luke Hogg [phone] Alan Tyrrell [phone] Ross Murphy [phone] www.botswanadiamonds.co.ukGlossaryKimberlite : an igneous rock, typically formed under high pressure and temperature, which sometimes contains diamonds.LDD : Large Diameter Drilling. A drilling technology typically used to evaluate the grade of kimberlites. In this case, 23" wide diameter rotary percussion holes were drilled.SAMREC : South Africa Mineral Reporting Codes.CPHT : Carats per Hundred Tons. A unit of measure which defines the grade of a kimberlite. A carat is 0.2 grams and the name is derived from the fruit of the carob seed, a seed commonly found in the Kimberley area of South Africa, one of the most prolific historical diamond producing areas.BCOS : diamond grades should always be stated with an associated Bottom Cut-Off Size. Typically, the higher the BCOS, the lower the average grade and the higher the average diamond value. This is because diamonds follow a logarithmic distribution.This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDACQPPGBAGUPUGQM(END) Dow Jones NewswiresNovember 30, 2020 02:00 ET (07:00 GMT)

[georgeo1] 30/11/2020 07:45

AK6 had similar grades .Modelling these grade estimates suggests overall grades of between 57 cpht and 76 cpht. The estimated diamond value from the LDD is $65/ct, with an upside range of between $97/ct and $107/ct, all assuming a +1.15mm Bottom Cut-Off ('BCOS') or +3 DTC diamond sieve.

[georgeo1] 30/11/2020 07:43

John Teeling, chairman, commented. "We are delighted that this acquisition has now closed. This now paves the way to explore commercial development options for KX36 and begin to evaluate the extensive database in conjunction with ours to discover more kimberlites in prime diamond real estate".Just like AK6.jmo.

[atlas1234] 30/11/2020 07:25

Good news - kx36 is now officially bod's. Another jwaneng coming!https://polaris.brighterir.com/public/botswana_diamonds/news/rns/story/x8ozg9r

[georgeo1] 29/11/2020 17:01

Another diamond mine in CKGRSHARE   |   Sunday, 22 February 2015   |   By Ditiro MotlhbanePetra Diamonds, a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market, could soon open a mine in the Central Kalahari Game Reserve (CKGR), The Patriot on Sunday has learned.Senior executives from the company headquarters in London jetted into the country early last week and travelled by road midweek into the CKGR to oversee the commencement of bulk sampling for the gems-a sensitive and critical stage in the exploration process. They were accompanied by experts from the ministry of minerals' department of mines. "At this stage, it is almost a foregone conclusion that they will get the go ahead to start mining (after commissioning the project) should they find favourable results during bulk sampling," a source said.Petra's exploration activities are focused in Botswana, the world's largest diamond producer by value and host two of the world's biggest diamond mines, Orapa and Jwaneng. It is considered to offer an exceptional basis for exploration in that it ranks highly with regards to diamond prospectivity, has a low risk profile and an attractive fiscal regime.Petra's prime focus at present is the evaluation of the KX36 kimberlite discovery and an intensified search for other kimberlites in the surrounding area. Petra Diamonds Botswana's current project land-holding is largely within the Central Kalahari Region. This area is predominantly covered by tertiary sediments of Kalahari sand cover, ranging in thickness from almost 30 metres in the South, to a maximum of 120 metres in the Eastern part of the Central Kalahari Game Reserve (CKGR). The pre-Kalahari geology is relatively consistent, wholly covered by the Stormberg flood basalts of the Karoo Supergroup. Beneath the basalt lies the sedimentary sequence of the Karoo Supergroup (Lebung, Beaufort, Ecca and Dwyka Groups).The precise thickness of the basalt in the CKGR is unknown, but it is evident from the Government of Botswana's aeromagnetic survey data that the basalt is heavily faulted and its thickness varies considerably from area to area, thus making the area structurally complex. Major faults seem to have a North-West – South-East and North-East – South-West orientation. These major structures are the main targets in kimberlite exploration as they are zones of structural weakness where kimberlites may be emplaced.In September 2005, Petra acquired 100% of Kalahari Diamonds Limited and subsequently became the holder of a large land area under diamond prospecting licence in Botswana.  Petra continues to review its exploration holdings in Botswana and during FY 2014 the Company decreased the size of the 100% held diamond prospecting licences ground from ca. 21,520 km2 to ca. 11,391 km2 following the relinquishment of large tracks of well explored ground holdings.A regular participant at the annual Botswana Resource Sector Conference, Petra Diamonds will grace the event in June 2015. The company boasts that investing in it offers a unique investment opportunity offering direct exposure to the diamond market. Petra's fast development has established the Company as London's largest quoted diamond mining group and its exceptional growth profile positions the Group as a unique investment opportunity within the sector.  With plans in place to grow annual production to 5 million carats by 2019, Petra is one of the few mid-tier diamond producers to offer a significant and growing production profile. This growth in output places the Company in a strong position to benefit from the positive long-term fundamentals for the diamond industry, where demand is forecast to out-pace supply.Petra's interim results for the six months to 31 December 2014 will be announced on Thursday 19 February 2015. Petra's CEO, Johan Dippenaar and Finance Director, David Abery, will host the presentation at the offices of Buchanan, 107 Cheapside, London EC2V 6DN. Petra will host a presentation to discuss results with investors and analysts at 09:30 on Thursday 19 February. This will be accompanied by a live webcast.

[georgeo1] 29/11/2020 17:00

Could be developed into a mine.

[georgeo1] 29/11/2020 16:55

That's good we have sunland's prospect s and now sekaka s prospect licences. Win win here and all in the kalahari kimberlites.