16 August 2024
Botswana Diamonds
PLC
("Botswana Diamonds" or the
"Company")
Artificial Intelligence programme started on our Botswana
database
Botswana Diamonds plc, (AIM: BOD) the London AIM and Botswana Stock
Exchange listed diamond company, is pleased to announce that it is
has started a programme of Artificial Intelligence ("AI")
techniques on our Botswana database. Initial exploration results
will be available within the next four to six weeks.
The company has the second largest
diamond exploration database in Botswana. This is an excellent
foundation to incorporate AI to assist in a comprehensive search
for new diamond deposits and potentially other minerals.
The Company's database consists
of:
·
c.95,000 sq km of data.
·
c.375,000 km airborne geophysical data.
·
606 ground geophysical surveys.
·
c.228,000 soil sample results.
·
c.32,000 drill hole logs.
In total 380 gigabytes of data and
260,000 files.
The company will utilise Planetary
AI Ltd Xplore
mineral prospectivity technology which was developed in
collaboration with International Geoscience Services
Limited.
Xplore is a system that uses a
unique combination of semantic technology with machine
learning. Semantic technology is a branch of artificial
intelligence focused on understanding and representing the meaning
of data, information, and knowledge in a machine-readable format.
It enables computers to comprehend, interpret, and reason with data
in a manner similar to human understanding, enhancing the
effectiveness of information retrieval, integration, and analysis.
This allows computers to "understand" the meaning and context of
geological data in much the same way a geologist would, in order to
identify zones of prospective mineralisation based on specific
mineral deposit models.
The system acts much like a
geologist but can function quicker and more efficiently. Vast
data-sets are processed though AI that finds logical gaps in the
data and learns to correct them. This exercise is expected to yield
fresh insights that will offer drillable targets previously
unseen.
Chairman, John Teeling, commented:
"Our mineral database in Botswana
is simply vast. Too big for timely analysis by humans. Think of it,
over 375,000 kms of geophysical data, and 32,000 drill holes
logs.
Massive databases are suited to
analysis by computer-based large Data Models and Artificial
Intelligence techniques which can analyse substantial amounts of
data in a short time. We feed in the data and create the models
from our existing knowledge both theoretical and factual. The
techniques then produce results. Where it finds inconsistencies or
gaps it adapts. It is early stages in both our work and the use of
the technique in mineral exploration, but the future potential is
huge.
An added exciting bonus for BOD and
for Botswana is that the technique will analyse a number of
different minerals. We have always believed that there are more
diamond deposits to be found under the sand. Now there is the
possibility of other deposits being identified".
This release has been approved by
James Campbell, Managing Director of Botswana Diamonds plc, a
qualified geologist (Pr.Sci.Nat), a Fellow 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 38-years' experience in the
diamond sector.
A copy of this announcement is
available on the Company's website, at www.botswanadiamonds.co.uk
Enquiries:
|
Botswana
Diamonds PLC
John Teeling, Chairman
James Campbell, Managing Director
Jim Finn, Director
|
+353 1 833 2833
+27 83 457 3724
+353 1 833 2833
|
|
Nominated & Financial Adviser
Strand Hanson Limited
Ritchie Balmer
Rory Murphy
David Asquith
|
+44 (0) 20 7409 3494
|
|
Broker
First Equity Limited
Jason Robertson
|
+44 (0) 207
374 2212
|
|
Public
Relations
BlytheRay
Megan Ray
Said Izagaren
|
+44 (0) 207
138 3204
|
|
Teneo
Luke Hogg
Alan Tyrrell
Fia Long
Alan Reynolds
|
+353 (0) 1
661 4055
+353 (0) 1
661 4055
|
www.botswanadiamonds.co.uk
ENDS