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On January 19, 2023, Botswana Diamonds PLC passed all resolutions at its Annual General Meeting and reported that construction had been completed on its Marsfontein alluvial project, with overburden stripping commenced. The company also received regulatory approval to increase its stake in the Maibwe joint venture, and the Thorny River project is expected to come on stream in Q2 2023.
| Date | 19 Jan 2023 |
| Time | 12:30:01 |
| Category | AGMs and other meetings |
| ID | 3027N |
19th January 2023
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Update on Activities & Results of AGM
At the Botswana Diamonds plc ("Botswana Diamonds") Annual General Meeting ("AGM"), which was held in London earlier today, all resolutions were duly passed.
James Campbell, the Managing Director noted that construction had been completed on the Company's Marsfontein alluvial project and stripping of the overburden overlying the gravels had commenced. Production is imminent. This project is a precursor to the larger Thorny River project which is expected to come on stream Q2 2023. Mr Campbell also added that regulatory approval had been received to increase the Company's stake in the highly prospective Maibwe joint venture in Botswana.
James Campbell arranged the release of this announcement on behalf of the Company.
A copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.uk
Enquiries:
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Botswana Diamonds PLC James Campbell, Managing Director Jim Finn, Director |
+353 1 833 2833 +27 83 457 3724 +353 1 833 2833 |
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Beaumont Cornish - Nominated Adviser Roland Cornish |
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Beaumont Cornish Limited - Broker Felicity Geidt |
+44 (0) 207 628 3396 |
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First Equity Limited - Joint Broker |
+44 (0) 207 374 2212 |
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BlytheRay - PR Said Izagaren |
+44 (0) 207 138 3206 +44 (0) 207 138 3553 +44 (0) 207 138 3206 +44 (0) 207 138 3206
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Teneo Luke Hogg Alan Tyrrell
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+353 (0) 1 661 4055 +353 (0) 1 661 4055
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ENDS