BoD’s new kimberlite resources over 12 mn cts

 

New kimberlite AI discoveries are a cornerstone for BoD 

In the latest annual report, Botswana Diamonds [BoD] plc said about their new kimberlite discoveries with the integration of artificial intelligence (AI). The initial AI analysis identified multiple new kimberlite anomalies that had never before been recorded.  

Four new diamond PLs were granted over high-priority targets, including the exceptionally promising Jwaneng South-West zone, where historical samples included abraded diamonds—an indicator of potential high-value sources nearby. These new licences reflect not only the strength of our targeting but also the enduring geological potential of Botswana’s diamond fields.  

By focussing on South Africa’s mining of BoD, the report said, Marsfontein demonstrated strong potential, supported by historically exceptional grades and favourable near-surface geology. Reivilo provides an attractive kimberlite cluster opportunity, secured via a Data Licence Agreement with minimal capital exposure.

These projects complement our Botswana pipeline and provide optionality and diversification potential. The report said, “Our legacy Botswana diamond assets remain a cornerstone of future value: KX36: A high-quality, SAMREC-compliant kimberlite resource of 12–13 million carats, with new AI targets identified nearby.

Maibwe: Licence renewals in process, ownership increased, and new potential identified for future work. Data archives: Modernised into an AI-ready, integrated, digital resource.

We enter the coming year with one of the most robust, data-rich diamond exploration portfolios in Botswana. Our South African portfolio delivered an important milestone: the granting of the first Mining Permit at Thorny River.”  

Thorny River is an asset of considerable potential. Independent assessments indicate that a viable small open pit is achievable, and mining could generate early cash flow to support the wider business. We await the granting of the second permit, which will enable the full development plan to progress. The current weakened state of the diamond industry will delay commercial production.  

By concluding outlook of a pipeline for the future, BoD report said, the Company enters the new financial year with momentum and clear strategic direction. Our diamond portfolio—anchored by KX36, Maibwe, Thorny River, and newly discovered kimberlite targets—is stronger than ever.  

Our critical minerals applications give us potential exposure to commodities essential to global decarbonisation. Our AI-assisted exploration model provides a competitive advantage, improving success probability and reducing cost. Our two-decade presence in Botswana and South Africa remains a key advantage in terms of political stability, regulatory transparency, and geological potential.  

We believe that the work completed this year lays the foundation for significant value creation in the medium term. Early-stage exploration is inherently uncertain, but the breadth and quality of our pipeline provide multiple pathways to success.  

On behalf of the Board, I extend sincere thanks to our management team, employees, and technical partners. Their expertise and commitment have been vital to a year of substantial progress. I also thank our shareholders for their continued support, patience, and belief in our long-term strategy. BoD look forward to the future with optimism, purpose, and determination.