Botswana Diamonds PLC Marsfontein Update (2153M)

TIDMBOD

RNS Number : 2153M

Botswana Diamonds PLC

13 September 2023

13(th) September 2023

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Marsfontein Update

Botswana Diamonds plc ('BOD') is pleased to provide an update on its Marsfontein and Thorny River Projects in South Africa.

Mining of the dumps at Marsfontein is ongoing. Exploration, including drilling and geophysics in the mine area has identified a blow of between 5 and 10 metres wide and about 13 metres from surface. This is fresh kimberlite. While we await outstanding permits to mine Thorny River we can continue to mine at Marsfontein.

Chairman, John Teeling, commented: "As a proof-of-concept project Marsfontein is delivering d iamond recoveries and values above expectations as previously reported in August. This augers well for Thorny River. The discovery of an unmined blow is excellent news and will enable ongoing production until final permits to mine Thorny River are received".

This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Fellow of the Geological Society of South Africa, a Fellow of the Southern African Institute of Mining and Metallurgy, a Fellow of the Institute of Materials, Metals and Mining (UK) and with over 38-years' experience in the diamond sector.

A copy of this announcement is available on the Company's website, www.botswanadiamonds.co.uk

Enquiries:

 
Botswana Diamonds PLC 
 John Teeling, Chairman                  +353 1 833 2833 
 James Campbell, Managing Director       +27 83 457 3724 
 Jim Finn, Director                      +353 1 833 2833 
Beaumont Cornish - Nominated Adviser 
 Michael Cornish 
 Roland Cornish                         +44 (0) 020 7628 3396 
Beaumont Cornish Limited - Broker 
 Roland Cornish 
 Felicity Geidt                        +44 (0) 207 628 3396 
First Equity Limited - Joint Broker 
 Jason Robertson                       +44 (0) 207 374 2212 
BlytheRay - PR                         +44 (0) 207 138 3206 
 Megan Ray                              +44 (0) 207 138 3553 
 Said Izagaren                          +44 (0) 207 138 3206 
Teneo 
 Luke Hogg                               +353 (0) 1 661 4055 
 Alan Tyrrell                            +353 (0) 1 661 4055

www.botswanadiamonds.co.uk

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September 13, 2023 02:00 ET (06:00 GMT)

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