Botswana Diamonds PLC

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BOD

GB00B5TFC825

Non-Gold Precious Metals & Minerals

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Apr. 11	Botswana Diamonds down despite potentially lucrative anomaly discovery	AN
Apr. 11	Botswana Diamonds Finds Another Major Anomaly In Kalahari Close To Kx36 Deposit	RE

Botswana Diamonds shares down on delays at Marsfontein project

March 02, 2023 at 07:50 am EST

(Alliance News) - Botswana Diamonds PLC shares were down on Thursday, following slight delays for first recoveries of diamonds at the Marsfontein project in South Africa.

Shares in the Botswana and South Africa-focused diamond explorer were down 7.0% to 1.00 pence each in London on Thursday around midday.

Previously, Botswana Diamonds said the Vutomi owned alluvial and dump mine at Marsfontein was expected to produce diamonds in February.

On Thursday, it said: "Site establishment commenced during the course of the last week of January 2023 and since that time, approximately 1,500 tons of eluvial gravels from the main Marsfontein pipe have been excavated and are awaiting processing. The processing plant has been established and commissioning with gravels has just commenced."

Botswana therefore now expects first recoveries of diamond this month. It also plans to make a further announcement "in due course."

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES SOUTH AFRICA(ZAR)	1,953 PTS	+1.34%	+1.96%	-
DOW JONES AFRICA TITANS 50 INDEX	454.2 PTS	+0.09%	-0.17%	-
S&P AFRICA 40 INDEX	154.2 PTS	+0.99%	+1.02%	-
BOTSWANA DIAMONDS PLC	0.322 GBX	-8.00%	+1.90%	4.9M

Latest news about Botswana Diamonds PLC

Botswana Diamonds down despite potentially lucrative anomaly discovery	Apr. 11	AN
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