Aug 23, 2019

Botswana Diamonds’ Subsidiary Sunland Minerals’ Botswana Prospecting Licences Renewed

Botswana Diamonds yesterday announced that the Prospecting Licences PL232 and PL235, held by the Company's wholly-owned subsidiary Sunland Minerals (Pty) Limited, have been renewed for an additional two years to September 30, 2021.

“These key licences, covering just over 500sq kms, are strategically located in the central Kalahari Desert west of the Ghaghoo diamond mine,” the Company elaborated. “Botswana Diamonds has already identified prospective drill ready targets. The intensive work included aeromagnetic surveys, ground magnetic surveys, soil sampling and target selection.”

Further, the Company stated that analyses of concentrations of Kimberlitic Indicator Minerals (KIM's) on the licences “indicate proximity to kimberlite pipes, which regional geology suggests may be attractive in size and grade”.

Botswana Diamonds also revealed that it is already in extended discussions with a major international diamond producer in order to form a joint venture for the next phase of work on these strategic licences.