TIDMBOD

RNS Number : 5632K

Botswana Diamonds PLC

14 December 2018

14(th) December 2018

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

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.

Highlights of comments made by James Campbell, Managing Director, following the formal business of the AGM are highlighted below:

v Negotiations with a new joint venture partner, who is a major producer, are far advanced in The Sunland joint venture covering Botswana. This follows the planned exit of Alrosa, and completion of the 2018 work programme which identified high potential drill targets in the Kalahari by Botswana Diamonds' geologists.

v A draft Prospectus has been compiled by the liquidators of BCL on the Maibwe joint venture in the Kalahari Desert. BCL intend to sell their interest.

v A royalty mining agreement has been signed on the Thorny River Project in South Africa. This will allow early generation of revenue once permitting is completed and the recovery of sufficient diamonds and other geological information to declare a maiden resource.

v Botswana Diamonds plans to drill the South African Free State cluster of kimberlite pipes following encouraging whole rock geochemistry, mineral chemistry and ground geophysics work.

v Work is progressing on the concession in the high-grade Marange Diamond area in Zimbabwe: field work is already underway, and 2019 plans being finalised. A formal agreement with the concessionaire Vast Resources is being completed.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

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, a Fellow of the Institute of Materials, Metals and Mining (UK) and with over 33-years' experience in the diamond sector.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

ENDS

Enquiries:

 
            Botswana Diamonds PLC 
 John Teeling, Chairman                +353 1 833 2833 
 James Campbell, Managing Director     +27 83 457 3724 
 Jim Finn, Director 
 Northland Capital Partners Limited 
 David Hignell / Dugald Carlean 
  (Corporate Finance)                  +44 (0) 203 861 6625 
 Abigail Wayne 
 SVS Securities Plc                    +44 (0) 203 700 0100 
 Tom Curran 
 Ben Tadd 
 Blytheweigh                           +44 (0) 207 138 3204 
 Simon Woods                           +44 (0) 7466 439 633 
 Julia Tilley                          +44 (0) 7815 068 387 
 Teneo PSG 
 Luke Hogg                             +353 (0) 1 661 4055 
 Alan Tyrrell                          +353 (0) 1 661 4055

www.botswanadiamonds.co.uk

Follow us on Twitter @BotswanaDiamond

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

RAGBDBDDXSBBGIS

(END) Dow Jones Newswires

December 14, 2018 07:45 ET (12:45 GMT)

Botswana Diamonds (LSE:BOD)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Botswana Diamonds Charts.
Botswana Diamonds (LSE:BOD)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Botswana Diamonds Charts.