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Share Name Share Symbol Market Type Share ISIN Share Description
Botswana Diamonds Plc LSE:BOD London Ordinary Share GB00B5TFC825 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.65 0.60 0.70 0.65 0.625 0.65 988,355 14:19:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.8 -0.1 - 4

Botswana Diamonds PLC New Prospecting Licenses awarded in Botswana

01/04/2020 7:00am

UK Regulatory (RNS & others)


Botswana Diamonds (LSE:BOD)
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RNS Number : 2992I

Botswana Diamonds PLC

01 April 2020

1(st) April 2020

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

New Prospecting Licenses awarded in Botswana

Botswana Diamonds ("BOD"), the AIM and BSE listed diamond explorer is pleased to announce that the Botswana Government has awarded six new Prospecting Licences PL 017 -18 of 2020 and PL 066 - 069 of 2020 to Sunland Minerals (Pty) Ltd ("Sunland"), a wholly-owned subsidiary of BOD. The licence tenure is for a period of three years until 31 March 2023. The licences cover an area of 4,319 square kilometres in the Central and Kgalagadi Districts, colloquially known as the Kalahari.

Furthermore, the Botswana Government has renewed four existing Prospecting Licenses PL001 - 004 of 2017 to Sunland covering a total of 1,406 square kilometres in the Kgalagadi District for a further period of two years until 31 March 2022. Airborne and ground magnetic surveys from previous work conducted by Sunland Minerals on these licences have revealed well defined targets and subsequent soil sampling over the targets identified heavy concentrations of Kimberlitic Indicator Minerals (KIMs) over these targets particularly Chrome Diopsides strongly suggesting an underlying kimberlite source. An environmental study is in progress to pave the way for the drilling of these high priority targets.

The President of the Republic of Botswana Mokgweetsi Masisi has declared a state of emergency following confirmation of three coronavirus cases in the country. He has also announced a lockdown beginning 2(nd) April for 28 days.

Work will commence on our licenses following lifting of the state of emergency and lockdown.

This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), 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 34-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, Director

A copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.uk

ENDS

Enquiries:

 
Botswana Diamonds PLC 
 John Teeling, Chairman                     +353 1 833 2833 
 James Campbell, Managing Director          +27 83 457 3724 
 Jim Finn, Director                         +353 1 833 2833 
Beaumont Cornish - Nominated Adviser 
 Michael Cornish 
 Roland Cornish                            +44 (0) 020 7628 3396 
Beaumont Cornish Limited - Broker 
 Roland Cornish 
 Felicity Geidt                           +44 (0) 207 628 3396 
Novum Securities Limited - Joint Broker 
 Colin Rowbury                            +44 (0) 20 399 9400 
Blytheweigh - PR                          +44 (0) 207 138 3206 
 Megan Ray                                 +44 (0) 207 138 3222 
 Rachael Brookes                           +44 (0) 207 138 3203 
Teneo 
 Luke Hogg                                  +353 (0) 1 661 4055 
 Alan Tyrrell                               +353 (0) 1 661 4055 
 Thomas Shortall                            +353 (0) 1 661 4055 
 

www.botswanadiamonds.co.uk

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 rns@lseg.com or visit www.rns.com.

END

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April 01, 2020 02:00 ET (06:00 GMT)

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