GJ Town India

BOD Cooperation agreement to fast-track Botswana diamond exploration!   Botswana Diamonds (BOD), announce that it has entered into a cooperation agreement to fund exploration of its prospecting licence assets in Botswana with Diamexstrat Botswana Pty Ltd (DESB), which in turn has an alliance agreement with Burgundy Diamond Mines Limited. BOD’s prospecting assets comprise the recently acquired Sekaka Diamonds Exploration Pty Ltd database and Prospecting Licenses, as well as the Prospecting Licences held by BOD’s subsidiary, Sunland Minerals Pty Ltd.   DESB can earn up to a 70% interest in BOD’s Botswana Sunland Minerals and Sekaka’s Prospecting Licences BOD can earn a 15% interest in Prospecting Licences held by DESB (and partners) on the first US$1.5m spent on exploration by DESB where BOD’s database assists in the discovery of a primary kimberlite.   On 3rd party Prospecting Licences where targets are identified in BOD’s database, a joint earn-in will be negotiated at the time, ro

Acquires Sekaka Diamonds Pty Ltd   Botswana Diamonds (BOD) announces that the acquisition of Sekaka Diamonds Pty Ltd, as previously announced on 20th July 2020, has now been completed.  Sekaka was Petra’s exploration vehicle in Botswana and holds three Prospecting Licenses in the Central Kalahari Game Reserve in Botswana, PL169/2019, PL058/2007 and PL224/2007, which includes the high grade KX36 kimberlite pipe. The acquisition also includes an extensive database, built up over 15 years of exploration. John Teeling, chairman, commented. “We are delighted that this acquisition has now closed.  This now paves the way to explore commercial development options for KX36 and begin to evaluate the extensive database in conjunction with ours to discover more kimberlites in prime diamond real estate”.   Sekaka also holds a recently constructed, fit-for-purpose bulk sampling plant on site. The sampling plant includes crushing, scrubbing, dense media separation circuits and x-ray recovery module