TIDMBOD

RNS Number : 0109M

Botswana Diamonds PLC

19 May 2022

19(th) May 2022

Botswana Diamonds PLC

("Botswana Diamonds", "BOD" or the "Company")

Geophysics identifies anomalies indicative of kimberlite pipes

Botswana Diamonds, the London AIM and BSE listed diamond explorer, is pleased to announce the results of a ground geophysics survey on its Sekaka Diamonds Pty Ltd ("Sekaka") Prospecting Licenses in Botswana.

Highlights

-- High interest anomalies indicative of kimberlite pipes discovered in the vicinity of the KX36 diamond discovery.

Chairman, John Teeling commented: "These results strongly support our view that other kimberlites remain to be found in the vicinity of our 100% owned KX36 diamond discovery. If these anomalies prove to be diamondiferous kimberlites it will enhance the commercial prospects of the existing KX36 discovery. We will now do follow up work to target drill sites".

Following a detailed review of aeromagnetic data on Sekaka licences PL069/2019 and PL224/2007 four high interest anomalies were identified within a six-kilometre radius of the existing Botswana Diamond KX36 discovery in the Central Kalahari of Botswana. The anomalies are magnetic highs along fault structures and are typical of occurrences of kimberlite pipes in the area. A recent ground follow-up work with ground magnetic surveys confirmed these encouraging anomalies. The nest steps are gravity modelling and soil sampling. A drill programme will be put in place.

Information on exploration activities in Botswana

The Company is involved in three diamond exploration companies in Botswana: the 100% owned Sunland Minerals Pty Ltd and 100% owned Sekaka Diamonds Pty Ltd and a minority stake in the Maibwe joint venture. All three companies have diamond exploration licences in the Kalahari Desert.

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Qualified Person

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, the Institute of Materials, Metals and Mining (UK) and the Geological Society of South Africa and who has over 35-years' experience in the diamond sector.

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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

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 
First Equity Limited - Joint Broker 
 Jason Robertson                       +44 (0) 207 374 2212 
BlytheRay - PR                         +44 (0) 207 138 3206 
 Megan Ray                              +44 (0) 207 138 3553 
 Rachael Brooks                         +44 (0) 207 138 3206 
 Said Izagaren                          +44 (0) 207 138 3206 
 Naomi Holmes                           +44 (0) 207 138 3206 
Teneo 
 Luke Hogg                               +353 (0) 1 661 4055 
 Alan Tyrrell                            +353 (0) 1 661 4055 
 Ciara Wylie                             +353 (0) 1 661 4055

www.botswanadiamonds.co.uk

Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.

ENDS

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END

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(END) Dow Jones Newswires

May 19, 2022 02:00 ET (06:00 GMT)

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