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IN BRIEF: Botswana Diamonds spots four anomalies at KX36 project

8th Dec 2023 14:37

Botswana Diamonds PLC - Botswana and South Africa-focused diamond explorer - Says four anomalies have been spotted close to the KX36 asset in Kalahari. Says it is likely that there are undiscovered buried kimberlites, which usually occur in clusters and not in isolation. Chair John Teeling says: "Kimberlites occur in clusters, currently only KX36 has been discovered in this particular kimberlite field in the Kalahari so there should be more kimberlites waiting to be discovered. This work forms part of our emerging Kalahari strategy which could lead to this area being a major diamond producer."

Current stock price: 0.50 pence, down 4.8% on Friday

12-month change: down 41%

By Sabrina Penty, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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