Botswana Diamonds PLC New Prospecting Licenses awarded in Botswana (2992I)
01 Abril 2020 - 12:00AM
UK Regulatory
TIDMBOD
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
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END
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