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On September 13, 2023, Botswana Diamonds PLC provided an update on its Marsfontein and Thorny River Projects, reporting ongoing mining of dumps at Marsfontein. Exploration in the Marsfontein mine area identified a fresh kimberlite blow. This blow is between 5 and 10 metres wide and approximately 13 metres from the surface.
| Date | 13 Sept 2023 |
| Time | 07:00:02 |
| Category | Corporate updates |
| ID | 2153M |
13th September 2023
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Marsfontein Update
Botswana Diamonds plc ('BOD') is pleased to provide an update on its Marsfontein and Thorny River Projects in South Africa.
Mining of the dumps at Marsfontein is ongoing. Exploration, including drilling and geophysics in the mine area has identified a blow of between 5 and 10 metres wide and about 13 metres from surface. This is fresh kimberlite. While we await outstanding permits to mine Thorny River we can continue to mine at Marsfontein.
Chairman, John Teeling, commented: "As a proof-of-concept project Marsfontein is delivering diamond recoveries and values above expectations as previously reported in August. This augers well for Thorny River. The discovery of an unmined blow is excellent news and will enable ongoing production until final permits to mine Thorny River are received".
This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Fellow of the Geological Society of South Africa, 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 38-years' experience in the diamond sector.
A copy of this announcement is available on the Company's website, www.botswanadiamonds.co.uk
Enquiries:
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Botswana Diamonds PLC James Campbell, Managing Director Jim Finn, Director
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+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
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+44 (0) 207 374 2212 |
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BlytheRay - PR
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+44 (0) 207 138 3206 +44 (0) 207 138 3553 +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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