Botswana Diamonds PLC Thorny River Environmental Authorisation Obtained
29 November 2024 - 6:00PM
RNS Regulatory News
RNS Number : 0893O
Botswana Diamonds PLC
29 November 2024
29 November 2024
Botswana Diamonds
PLC
("Botswana Diamonds" or the
"Company")
Environmental Authorisation Obtained for Thorny River in South
Africa
Botswana Diamonds plc, (AIM: BOD) the London AIM and Botswana Stock
Exchange listed diamond company, is pleased to announce that the
Company has received environmental authorisation from Department of
Mineral Resources and Energy on one of its two Mining Permit
applications on the Thorny River project. Following further
community consultation, a Mining Permit should be granted within
the next 6 weeks.
Two Mining Permits were applied for
in late 2022 on the Thorny River project following a comprehensive
exploration programme which included ground geophysics, drilling
and bulk sampling and a positive mine planning exercise carried out
by an independent consultant.
Thorny River is six kilometers away
from Marsfontein where a recent proof of concept operation was
concluded. Thorny River consists of a kimberlite blow on a
kimberlite dyke system (ie very similar to Marsfontein) and
assuming mid-range diamond values of $170/ct, mid-range mining
costs, a discount rate of 10% and a recovered grade of 40cpht
suggests that 1.7M tons of kimberlite could be mined over the life
of mine.
Chairman, John Teeling, commented:
"We are delighted to see that
this authorisation has come through and we anticipate that the
mining permit will soon be granted. The Thorny River project
is well placed to restart and expand mining operations when prices
recover".
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, at
www.botswanadiamonds.co.uk
Enquiries:
|
Botswana
Diamonds PLC
John Teeling, Chairman
James Campbell, Managing Director
Jim Finn, Director
|
+353 1 833 2833
+27 83 457 3724
+353 1 833 2833
|
|
Nominated & Financial Adviser
Strand Hanson Limited
Ritchie Balmer
Rory Murphy
David Asquith
|
+44 (0) 20 7409 3494
|
|
Broker
First Equity Limited
Jason Robertson
|
+44 (0) 207
374 2212
|
|
Public
Relations
BlytheRay
Megan Ray
Said Izagaren
|
+44 (0) 207
138 3204
|
|
Teneo
Luke Hogg
Alan Tyrrell
Fia Long
Alan Reynolds
|
+353 (0) 1
661 4055
+353 (0) 1
661 4055
|
www.botswanadiamonds.co.uk
ENDS
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