Activities Update and Directorate Change

RNS Number : 5492Z

Botswana Diamonds PLC

19 March 2012

 



19 March 2012

Botswana Diamonds plc

("Botswana Diamonds")

Activities Update

Board and Management

The board of Botswana Diamonds (AIM: BOD) wishes to announce that Andre Fourie is stepping down as a director although he will continue to consult to the Company.  An additional director will be appointed in the near future.

The board is pleased to announce the appointment of Kabelo Mohohlo to the board of Kukama Mining and Exploration and Atlas Minerals, the wholly owned Botswana subsidiaries of Botswana Diamonds.  Mr Mohohlo is currently managing director of African Alliance Botswana Securities. He holds a Bachelors degree in Economics from the University of West Virginia and a Masters degree in Business from the University of Reading.  He is a director of the Botswana Stock Exchange and the Central Securities Depository Company.  Mr Mohohlo will oversea the growing presence of Botswana Diamonds in Botswana.

Operations

Sampling operations have commenced on our Mobilong licence in the Cameroon.  Two 100-150 tonne samples are being gathered from areas of potentially diamond-bearing conglomerate identified in earlier exploration.  Results will follow in Q2 2012.

In Zimbabwe, a small bulk sample is ongoing on diamond claims in the Masvingo area.  Rio Tinto discovered diamond indicator minerals and kimberlites on the claims.  The purpose of the work on the claims which are 49% owned by BOD and 51% local Zimbabwean ownership, is to confirm the presence of kimberlites and to determine if they are diamondiferous.

Data gathering preparation and analysis continues on our 50/50 joint venture in Botswana with initial results expected in the last half of 2012.

Enquiries:

Botswana Diamonds PLC

John Teeling, Chairman                                      [phone]

Westhouse Securities Limited

Richard Baty                                                     [phone]

Petre Norton

College Hill

Nick Elwes                                                        [phone]

Pembroke Communications

David O'Siochain                                                [phone]

www.botswanadiamonds.co.uk

 

END

 

 

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