Botswana Diamonds PLC Botswana awarded Licence over Kimberlite Cluster (2553Y)

TIDMBOD

RNS Number : 2553Y

Botswana Diamonds PLC

05 September 2022

5(th) September 2022

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Botswana awarded Licence over Kimberlite Cluster in South Africa

Botswana Diamonds plc (AIM: BOD), is pleased to announce that it has been granted a five-year prospecting licence until June 2027 on ground containing the Reivilo cluster of kimberlites ("Reivilo") in the Barkley West area of South Africa. Reivilo is located approximately 110 kilometres north-east of the actively producing Finsch diamond mine.

Exploration by the previous licence-holder was reported to have delineated a cluster of three kimberlite pipes, with sizes of 3.1 hectares, 1.7 hectares and 0.9 hectares all within a 250-metre radius.

Samples of the drilling core produced G10 and eclogitic garnets which are the optimal indicators for diamondiferous kimberlites.

Botswana Diamonds plans to review all the available data on Reivilo prior to finalising its exploration programme.

John Teeling, chairman, commented; "We are very pleased with this award. When the ground became recently available, we immediately applied for the area. Botswana Diamonds management have long been aware of the diamond potential of this ground, and so we are delighted to have finally been awarded this high-profile exploration ground and look forward to updating shareholders in the near future on developments".

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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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The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. 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

ENDS

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September 05, 2022 03:33 ET (07:33 GMT)

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