Botswana Diamonds plc announced that a gravity survey has now been completed over four high-grade geophysical targets that had good magnetic response in a previous survey undertaken by the Company. Preliminary results from this gravity survey show that at least one of the four targets, which is located six kilometres south of the existing KX36 diamond discovery, has an excellent gravity response similar to that of known kimberlites and similar in size to KX36. The survey on the KX36 size anomaly is being repeated and correlated with previous results for confirmation.

Next steps will be a drilling plan. The new kimberlites targets have great potential to upgrade the existing resources in the area, including at the Ghaghoo Mine, which is currently under care and maintenance and only 60 km away from the KX36 project. The KX36 project is a 3.5 hectares kimberlites kimberlites pipe in the Kalahari.

The pipe has resources of 17.9 million tonnes at 35 carats per hundred tonnes (cpht) (indicated) and 6.7Mt at 36 cpht (inferred) at $65 per carat ("/ct"). The modelled grade range is 57-76 cpht at an estimated diamond value of up to $107/ct.