Vast Resources Pulls Out Ghaghoo Deal

Mining and Exploration
02/02/2022 09:21

Vast Resources PLC, the London-listed Mining and Resource Development company that partnered last summer with Botswana Diamonds in a joint venture (Okwa Diamonds) aiming to buy Gem Diamonds' mothballed Ghaghoo mine in Botswana for US$4m, has announced it is pulling out of the deal, without further comment. Gem Diamonds in response said it expects the sale to continue and has extended the timeline from January 31st to March 31st 2022 giving Botswana Diamonds breathing room to find a new partner.