Advertisement

Botswana Diamonds signs agreement for 13 new prospects

Botswana Diamonds has secured an agreement with a private South African company to review 13 licences in the southwest of the Orapa region of Botswana.

Botswana Diamonds has secured an agreement with a private South African company to review 13 licences in the southwest of the Orapa region of Botswana.

As part of a three-month deal with the private group - which holds an 85% stake in the licences - Botswana will evaluate the region before potentially making a bid to buy equity interest.

Advertisement - Article continues below

The region contains the Ghaghoo Diamond mine, being developed by Gem Diamonds, and the X-36 diamond discovery made by Petra Diamonds. It also has 21 known kimberlites in the license area which covers a total of 6,518.40 sq km.

John Teeling, Chairman, said: "This agreement represents another step forward in the development of our interests and gives us access to a prospective area of Botswana, which is new to the company. Our geologists will review all the available data and, given the right results, Botswana Diamonds will agree an earn-in arrangement on specific ground.

"This agreement gives exclusivity to Botswana Diamonds and is in addition to the joint venture to the north/northeast of Orapa, which has applied for 12 exploration licences."

RD

Advertisement
Advertisement

Recommended

Visit/investments/investment-strategy/601044/broker-safety-your-questions-answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Visit/investments/investment-strategy/600861/how-demographics-affects-stock-valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Visit/investments/stocks-and-shares/600863/sirius-minerals-anglo-american-takeover
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Visit/investments/stockmarkets/600634/why-investors-should-be-cautiously-bullish-for-2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Visit/investments/property/601606/house-prices-crash-uk-property-prices-falling-where-next
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020
Visit/economy/inflation/601584/the-end-of-the-bond-bull-market-and-the-return-of-inflation
Inflation

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020
Visit/investments/investment-strategy/601567/have-small-companies-lost-their-edge
Sponsored

Have small companies lost their edge?

SPONSORED CONTENT – The tectonic plates beneath the modern investing landscape appear to have started moving in new directions
26 Jun 2020