Botswana Diamonds PLC Environmental Authorisation - Marsfontein Gravels (0221M)
September 12 2019 - 1:00AM
UK Regulatory
TIDMBOD
RNS Number : 0221M
Botswana Diamonds PLC
12 September 2019
12(th) September 2019
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Environmental Authorisation granted to mine Marsfontein
Gravels
Botswana Diamonds ("BOD"), is pleased to announce its associate
Vutomi (BOD interest 40%) has been granted Environmental
Authorisation over a substantial portion of the residual
diamond-bearing gravels produced from the very high grade
Marsfontein mine, which is contiguous to our Thorny River
operation.
This essential authorisation is a critical step towards
obtaining a Mining Permit, which we expect to receive shortly. A
Mining Permit covers an area of 5 Hectares and has a lifespan of
2-years, which is renewable.
John Teeling, Chairman, said "We believe that the mine gravels
and unprocessed stockpiles around the Marsfontein mine contain
commercial grades of diamonds. To secure the Mining Permit we need
certain approvals. Granting of the Environmental Authorisation is a
critical step. This facilitates the issuing of the Mining Permit
necessary for BOD to recover and sell the diamonds. We plan to
shortly commence royalty mining operations at no cost to the
company."
The very high grade of the Marsfontein mine (172 carats per
hundred tonne or 'cpht') distracted the original miners from the
gravels - though these were confirmed to be diamond-bearing through
subsequent sampling.
BOD has identified potential partners to process the gravels and
stockpiles. We expect mobilisation to commence within six
weeks.
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. The person who arranged
for the release of this announcement on behalf of the Company was
James Campbell, Director
A copy of this announcement is available on the Company's
website, at www.botswanadiamonds.co.uk
ENDS
Enquiries:
Botswana Diamonds PLC
John Teeling, Chairman +353 1 833 2833
James Campbell, Managing Director +27 83 457 3724
Jim Finn, Director +353 1 833 2833
Beaumont Cornish - Nominated Adviser & Broker
Michael Cornish
Roland Cornish +44 (0) 020 7628 3396
Blytheweigh - PR +44 (0) 20 7138 3206
Julia Tilley +44 (0) 207 138 3553
Fergus Cowan +44 (0) 207 138 3208
Teneo
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
www.botswanadiamonds.co.uk
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END
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