AIM-listed Botswana Diamonds has been granted four prospecting licenses in the Kalahari of Botswana. It said the prospecting licences, which cover a total area of 2,331.81 square kilometres, add to the company's existing acreage in the Kalahari.
The licenses are in the same general area as Gem Diamonds' Ghaghoo diamond mine as well as the company's KX36 advanced project in addition to its recently announced drillable targets.
"I am pleased that we have been awarded these prospecting licenses in the Kalahari of Botswana, which we believe will be the next major diamond-producing area in the country,” said Botswana Diamonds chairperson John Teeling.
“Exploration is a long game, particularly diamond exploration, and we believe the industry is going through a structural change which will see the natural product, particularly from Botswana find its premium niche in world markets."
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
