Business
Interim Results for the 6 Months Ended 31 Dec 17
Interim Results for the 6 Months Ended 31 Dec 17.
About this update from Botswana Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 3436I Botswana Diamonds PLC 21 March 2018 \n\n \n21st March 2018\n \n \n\n\n\nBotswana Diamonds PLC (\"Botswana Diamonds\" or the \"the Company\")\n \nInterim Results for the Six Months Ended 31st December 2017\n \nBotswana Diamonds plc (AIM: BOD) (\"Botswana Diamonds\" or \"the Company\") today announces financial results for the six months ended 31st December 2017.\n \nRecent months have been a very active exploration period for Botswana Diamonds: \n \nv Significant drilling and exploration has taken place on our advanced project at Thorny River in South Africa. We are undertaking a Scoping Study into its commerciality;\nv Drilling is ongoing on the Ontevreden kimberlite in order to delineate size and diamond content;\nv Nine kimberlites in the Northwest and Free State Provinces of South Africa were discovered or re-discovered; \nv Exploration is continuing in the Central Kalahari Game Reserve (CKGR) in Botswana through Sunland Minerals, the Company's joint venture with Alrosa. Botswana Diamonds personnel are currently engaged in a work programme;\nv Progress is being made in our Maibwe joint venture in Botswana. A prospectus is being drawn up by the liquidator of BCL, to identify options; and\nv £500,000 (before expenses) has been raised early in 2018 to fund the ongoing exploration activities.\n \nSouth Africa\nSignificant progress has been made on the Thorny River Project in South Africa. This is a kimberlite dyke/pipe system which is contiguous to the former Marsfontein and Klipspringer Mines. Exploration work which consisted of several phases of percussion and core drilling and microdiamond and petrographic analyses were undertaken and concluded with the extraction and processing of a bulk sample for macrodiamond recovery. A Scoping Study is now underway and should be concluded by mid-2018.\n \nA drilling programme has started to extract samples for microdiamond analysis and to delineate the size of the kimberlite pipe at Ontevreden in the Northwest Province. This follows geochemistry, geophysical and mineral chemistry analyses. \n \nIn the Free State, ground work resulted in the discovery of eight kimberlites which were assessed using geochemistry and detailed geophysics....