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    BDM   AU0000118994

BURGUNDY DIAMOND MINES LIMITED

(BDM)
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Burgundy Diamond Mines : Botswana Diamonds PLC - Unaudited Interim Statement and Financial Results for the Six Months Ended 31 December 2020

03/30/2021 | 09:45am EDT

Botswana Diamonds (AIM: BOD) is pleased to announce its unaudited interim results for the six months ended 31 December 2020 ('Period') during which time the Company has made significant progress on its diamond development projects in both Botswana and South Africa.

Highlights

A new Diamond bearing kimberlite discovered at Thorny River. A three-dimensional model of the newly discovered River Kimberlite pipe on the Thorny River property in South Africa was published in December following a successful reverse circulation drilling campaign. A sample of these drill chips produced eleven diamonds and abundant kimberlitic indicators including G10 and eclogitic garnets.

Following the Period end, the company entered into a cooperation agreement to fund exploration of its prospecting licence assets in Botswana with Diamexstrat Botswana Pty Ltd ('DESB'), which in turn has an alliance agreement with Burgundy Diamond Mines Limited ('Burgundy' ASX: BDM).

Progress has been made on the Maibwe joint venture with core being further sampled for fresh microdiamond work.

Contact:

John Teeling

Tel: +353 1 833 2833

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
BOTSWANA DIAMONDS PLC 3.64% 1.14 Delayed Quote.29.41%
BURGUNDY DIAMOND MINES LIMITED -5.05% 0.235 End-of-day quote.38.24%
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Financials
Sales 2021 - - -
Net income 2021 -12,1 M -9,10 M -9,10 M
Net cash 2021 1,69 M 1,27 M 1,27 M
P/E ratio 2021 -6,02x
Yield 2021 -
Capitalization 79,1 M 59,3 M 59,4 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 85,5%
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Managers and Directors
Peter J. Ravenscroft Chief Executive Officer, MD & Director
David Edwards Chief Financial Officer & Secretary
Stephen Bruce Dennis Non-Executive Chairman
Jeremy C. King Independent Non-Executive Director
William Michael O'Keeffe Non-Executive Director