Development of Marange diamond fields
BoD and Vast agreed development of concessions in Zimbabwe! Botswana Diamonds (BoD) has concluded an agreement with Vast Resources for the development of their concessions in the prolific Marange Diamond Fields (MDF) of eastern Zimbabwe. A separate agreement will cover the joint development of diamond properties outside of the MDF, which will be a straightforward 50/50 joint venture, though the initial focus of our joint work is on the MDF. As previously announced, Vast has exclusive access to key diamond concessions (the ‘Heritage Concession’) in the MDF of the Chiadzwa region of eastern Zimbabwe, through an agreement with a community organisation. BOD will perform due diligence on the area to conclude a joint venture agreement for diamond exploration, mining and marketing. The 15km² Heritage Concession neighbours Vast’s historic MDF claim, and seems to be a geological extension of that system. To develop diamond properties in Zimbabwe, BOD ...