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 a...

Botswana Diamonds acquires remaining 50% of Sunland from Alrosa According to Botswana Diamonds that the company now holds 100% of the equity in Sunland Minerals, having acquired for a nominal sum the 50% previously held by Alrosa as part of the Company's joint venture with Alrosa for the Sunland JV. Initially Botswana Diamonds had 50% of holding & now, acquires remaining 50% of Sunland from Alrosa thus, the Company's 100% ownership allows for a new investor to enter as a new joint venture partner. Obligatory work could begin in the first half 2019 focussing on targets identified in 2018. A potential new investor, itself a large diamond producer with new ideas and keen to find new kimberlites in Botswana, is close to acquiring 50% of Sunland. Naturally, such new investment into Sunland could not be formalised until Botswana Diamonds took title to the Sunland shares. This is now done. The Company anticipates the New Partner stepping into the explorati...