The UK-based and AIM- and BSE-listed exploration company Botswana Diamonds (BoD) recently received positive results from bulk sampling at the Thorny River project in South Africa, while its joint-venture partner Vast Resources is said to be moving closer to mining diamonds in Zimbabwe. Last week, BoD said its associate Vutomi had received permisston to sell diamonds recovered during bulk sampling at their Thorny River project in South Africa, which will enable funding of further exploration and development by Vutomi. The project has deliverd 256 carats of diamonds to date.
Just about a year ago, the executive chairman of Botswana Diamonds John Teeling told us, "Instead of being an explorer, I would like to be a producer. We would like to get to production." According to yesterday's announcment from Botswana Diamonds, it looks as if he is going to get his wish: the junior miner said is on track to commence bulk sampling and become a diamond producer by mid-2019.
UK-based and AIM and BSE listed exploration company Botswana Diamonds, one of the most prolific diamond exploration and project development companies around, intersected 12 kimberlites from 18 holes drilled as part of its first phase of the intensification drilling program at the company's flagship Thorny River project in South Africa. The junior miner said drilling is now complete on the farm Hartbeesfontein bulk sampling target of 1.5 km of kimberlite fissure intersection were also identified.
Joint-venture partners Botswana Diamonds and Vast Resources Vast Resources plc have in principle been granted the right to mine diamonds on the Heritage Concession of the Marange Diamond Fields. The companies signed a memorandum of understanding to jointly investigate diamond opportunities in Zimbabwe in May this year, and last August were apparently awarded access to the Marange concession.
UK-based and AIM and BSE listed exploration company Botswana Diamonds plans to raise more than $480,000 (£370,000) from investors, the company said Wednesday.
Junior miner Botswana Diamonds (BD) has acquired Alrosa's 50% share in the Sunland Minerals project for a "nominal sum". BD's 100% ownership of Sunland now enables a new investor to enter as a new joint venture partner, and they say that negotiations with this potential partner are at an advanced stage. The potential partner is said to be a large diamond producer with new ideas and keen to find new kimberlites in Botswana.
UK-listed Botswana Diamonds said it is feeling "confident" that its Thorny River project in South Africa will become its first operating mine following the conclusion of a mining contract covering bulk sampling activities and future full-scale mining. The necessary regulatory approvals have been applied for, and a drilling program is planned in 2019. Managing Director, James AH Campbell the company hopes to get production rolling during the first half of 2019.
Botswana Finance LLC, a subsidiary of Lazare Kaplan International (LKI) has signed a $125 million loan guaranty with Stanbic Bank Botswana, a member of Standard Bank Group and the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution. The loan guaranty will encourage and support lending to diamond manufacturers and polishing companies while allowing the organizations to share credit risk.
Botswana Diamonds has identified the potential of the Free State in South Africa to host additional commercial kimberlites following archival research concerning the history of diamond mining in South Africa. This research, first discussed in August 2017, found that in addition to the well-documented iconic operations at Jagersfontein, Koffiefontein and Kimberley, a number of smaller diamond mines existed in the area, but knowledge of them had essentially been lost over the
Vast Resources, the AIM-listed mining company that signed last March a Memorandum of Understanding with Botswana Diamonds (BOD) to develop diamond resources in Zimbabwe, has been awarded exclusive access to a diamond concession area in the Marange Diamond Fields in the Chiadzwa region of Zimbabwe. According to a statement from BOD, the purpose of Vast's agreement is to carry out initial due diligence on the area with a view to concluding a joint venture agreement, the principal terms of which have been agreed, for exploration, mining and marketing.
Botswana Diamonds (BOD) on Wednesday released an update on the company's Sunland Minerals exploration projects in the Kalahari Desert in Botswana - Sunland Minerals is a JV with ALROSA - noting they were encouraged with the latest results. The exploration company has completed its mineral sampling over the 8 previously discovered and announced high contrast geophysical anomalies in the Gope Region of the Kalahari Desert, with all 8 anomalies turning up kimberlitic indicator minerals ("KIMs") - 267 in total. Analysis of the KIMs concluded that the sources were likely to be local.
Lucara Diamond Corp.,a leading producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Mine in Botswana, achieved $32.48 million at its 12th Exceptional Stone Tender which concluded yesterday. The tender consisted of 10 single stone lots, ranging from 472.37 to 40.4 carats in size, totaling 1,453.06 carats and included two diamonds greater than 300 carats.
Junior miner Botswana Diamonds has been awarded the priority 2.5 hectare Mooikloof kimberlite pipe concession close to De Beers’ flagship Venetia Mine, the company today announced. Mooikloof is a known 2.5 hectare diamondiferous kimberlite pipe last prospected in 1986 and fits into Botswana Diamonds’ strategy of undertaking fresh exploration work with modern techniques in areas where they had been found and mined before. The adjacent Oaks mine was previously owned and successfully operated by De Beers, achieving a grade of 53 cpht at a value of $156.
“We are not planning to change our strategy, integrate in the new market (synthetic product market) and launch our own synthetic production, or sell lab-grown diamonds. It is obvious that ALROSA as a diamond producer and one of the founders of Diamond Producers Association (DPA) hopes that this initiative will lead to differentiation of diamonds and synthetic stones, underlining the status of synthetics as a distinct low-price product.
John Teeling is the executive chairman of Botswana Diamonds PLC, one of the most prolific diamond exploration and project development companies that holds exploration licences in Botswana and South Africa. With 40 years worth of resources experience, he is often called a ‘serial entrepreneur’, and is involved in a number of other AIM exploration companies. Notably, he was the founder of African Diamonds, which discovered the AK6 mine in Botswana, a venture that eventually became Lucara's famous Karowe Mine. The Lucara Diamond Corp.
Botswana Diamonds (BOD), the AIM and BSE listed explorer, has signed a Memorandum of Understanding with Vast Resources, the AIM-listed mining company with operating mines in Romania and Zimbabwe for the exploitation of diamonds in Zimbabwe. Under the agreement, the two companies will exchange past exploration information on areas prospective for diamonds in Zimbabwe and form a jointly-owned special purpose vehicle to develop and exploit diamond resources. Both companies now have a Zimbabwe diamond database.
Botswana Diamonds has reported pre-tax losses of $251,000 (£178,000) for the six months ended 31 December 2017, compared with $192,000 (£136, 000) a year earlier. The losses were due to administrative costs as the company continues with its exploration for diamonds in Botswana and South Africa. Botswana Diamonds raised $705,000 (£500,000) earlier this year to fund the ongoing exploration activities.
Botswana Diamonds (BOD) has commenced its first half exploration program on the Sunland Minerals joint venture (JV) with Russian diamond miner ALROSA in the Southern Africa country. The program will focus on previously identified geophysical targets in the Central Kalahari Game Reserve with the aim of turning them into drill targets. It will use soil samples and magnetic surveys to supplement the airborne gravity and airborne magnetic data obtained in earlier work.
Lucara Diamond has published its Operating Outlook for 2018, forecasting revenue at $170 million to $200 million, excluding the sale of high-quality exceptional stones, from 270,000 - 290,000 carats mined, bringing them back up to projected 2017 levels. Production levels in 2017 had to be scaled back as a result of extracting less ore than planned from its Karowe deposit, forcing the company to focus on mining waste material to ensure future access to larger volumes of ore from the lower-grade but higher-value south lobe.
Results from survey work conducted at Botswana Diamond's Free State project, located between Bloemfontein and Kimberley, had indicated that sizes of kimberlites there ranged from 0.3 hectares to 1.15 hectares, the board of Botswana Diamonds announced on Friday. Following their announcement regarding the re-discovery of eight Group 1 kimberlites, Geofocus undertook detailed ground geophysical survey work aimed at determining the surface area of these kimberlites.
Last week Friday, junior miner Botswana Diamonds said sampling work at its Ontevreden licence in South Africa, "produced abundant G10 and G9 garnets with a complimentary suite of eclogitic garnets," noting that, "This mix of garnets is typically seen in a high-grade kimberlite pipes. This work follows detailed ground geophysics which identified ...
Leave it to Botswana Diamonds' managing director James Campbell to find a groundbreaking approach to diamond exploration.
Botswana Diamonds has raised $1.13 million (£868,000) from directors and existing subscribers with funds to be used to progress its flagship Vutomi project in Frischgewaagt, South Africa, to inferred resources status and to continue its exploration activities. The funds were raised through the placing of 79,484,300 new ordinary shares. Botswana issued 31,244,300 ordinary shares of 0.25p each at the exercise price of 0.85 pence per new share for a total of £265,576 ($346,000).
Just days after announcing it had identified a group 2 kimberlite pipe at the Ontevreden licence held by Vutomi in an area known for its high-grade diamonds, AIM and BSE listed explorer Botswana Diamonds (BOD) has announced it has been granted a prospecting licence over an additional 1,000 hectares at its Vutomi joint venture in South Africa.
Botswana Diamonds (BOD) the AIM and BSE listed explorer has announced that prospecting work on the Ontevreden licence held by Vutomi has identified a group 2 kimberlite pipe, the company said in a press release. Initial work indicates a size of 1.5 to 2.5 hectares in area containing high interest garnets.
Botswana Diamonds, a junior diamond exploration company focusing on Botswana and South Africa, has recovered 223 microdiamonds from 160kg of kimberlite drill core from the Frischgewaagt Project, located in South Africa. These results were modelled to an estimated grade range of 20 to 270 carats per hundred tons ("cpht") at a bottom cut off of 0.6 mm, with the largest stone being a white transparent crystal diamond falling in the -1.18+0.85 mm sieve.