Botswana Diamonds plc provided a production update on its Marsfontein project in South Africa which is designed to provide information to assist Thorny River development. Site establishment commenced during the latter part of January 2023, with the first diamonds as previously reported being recovered from the gravels and dumps surrounding the historic pit during March 2023. Diamond recoveries and values have been above expectations.

To date 1,481 carats have been recovered from the project, with the stone recovered being a low quality/value 24.6 carat stone and with several Special (high value) stones. Mining and processing activities are ongoing. Thorny River is currently anticipated to go into production during the course of second half of 2023.