Botswana Minerals Plc · LSE:BMIN

Botswana Minerals — Botswana Diamonds — Investor Presentation (August 2021)

11 slides from Botswana Minerals's investor presentation, August 2021

  1. Slide 1: Ghaghoo Diamond Mine

    AUGUST 2021 GHAGHOO DIAMOND MINE

  2. Slide 2: Disclaimer

    DISCLAIMER These materials do not constitute or form any part of any offer or invitation to sell or issue or purchase or subscribe for any shares in Vast Resources plc. (the “Company”) nor shall they or any part of them, or the fact of their distribution, form the basis of, or be relied on in connec

  3. Slide 3: Overview: Ghaghoo Diamond Mine

    OVERVIEW OVERVIEW GHAGHOO DIAMOND MINE EQUITY STORY • Ghaghoo Diamond Mine (“Ghaghoo”) is located in located in Gope, Ghanzi District, Botswana. Approximately 300km north-west of Gaborone, and 160km south-west of Orapa. • Fully permitted mining license to 31 December 2036. • The mine consists of a 1

  4. Slide 4: Transaction Overview

    OVERVIEW OVERVIEW TRANSACTION OVERVIEW EQUITY STORY • Okwa Diamonds (pty) Ltd, a joint venture between Vast Resources PLC (90%) and Botswana Diamonds PLC (‘BOD’) (10%) has conditionally agreed to acquire 100% interest in Gem Diamonds Ltd, the owner of the Ghaghoo Mine, for a cash consideration of US

  5. Slide 5: Joint Venture Details

    OVERVIEW OVERVIEW JOINT VENTURE DETAILS EQUITY STORY • Vast to provide the full finance for the acquisition and to bring the mine into steady state production up to a maximum of US$15 million without any reduction in BOD’s share. BOD to have the right to contribute to earn up to a further 20%. • BOD

  6. Slide 6: Equity Story

    OVERVIEW EQUITY STORY EQUITY STORY Location Botswana GHAGHOO A politically stable and mining friendly jurisdiction Established Mining infrastructure (processing plant, staff camp, etc.) Infrastructure World-class on-site treatment facility that can handle 60,000t per month Wholly Owned Gem Diamonds

  7. Slide 7: Timeline

    OVERVIEW GHAGHOO TIMELINE EQUITY STORY 1981 Discovery by Falconbridge 1983 Joint venture between Falconbridge and De Beers 1996-1998 Pre-feasibility and Feasibility 2007 Acquisition of Gope Exploration Company (Pty) Ltd GHAGHOO 2008 Bankable Feasibility Study Social and Environmental Impact Assessme

  8. Slide 8: Location

    OVERVIEW GHAGHOO LOCATION • Ghaghoo is located in Gope, Ghanzi District, Botswana 300km south east of Gaborone, within the Central Kalahari Game Reserve EQUITY STORY • Gem acquired Ghaghoo in May 2007 with a 25 year mining licence which expires on 31 December 2036 • Ghaghoo is wholly owned by Gem Bo

  9. Slide 9: Salient Features

    OVERVIEW GHAGHOO SALIENT FEATURES EQUITY STORY Underground Mine Processing Plant Infrastructure Portal and single decline The processing facility Airstrip Single sub-level cave comprises of: Offices/workshops GHAGHOO Development of 2nd level ‒ a primary crusher with Power generation (6 x 1250 commen

  10. Slide 10: Resources and Production

    OVERVIEW GHAGHOO RESOURCES AND PRODUCTION • Ghaghoo consists of two kimberlite pipes, GO25 and GO136 EQUITY STORY • GO25 currently modelled to depth of 500m containing 108 Mt of ore at average grade of 18.98 cpht • GO136 is an exploration mineral target with potentially over 11.7 Mt of ore at a grad

  11. Slide 11: Contact details

    Andrew Prelea | Chief Executive Officer T: +44 (0) 207 846 0974 Andrew Hall | Chief Commercial Officer T: +44 (0) 207 846 0974 www.botswanadiamonds.co.uk James Campbell | Managing Director +353 1 833 2833

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