Botswana Diamonds PLC Result of AGM (9601R)
December 15 2016 - 5:51AM
UK Regulatory
TIDMBOD
RNS Number : 9601R
Botswana Diamonds PLC
15 December 2016
15(th) December 2016
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Result of AGM
At the Botswana Diamonds plc ("Botswana Diamonds") Annual
General Meeting ("AGM"), which was held in London earlier today,
all resolutions were duly passed.
Highlights of comments made by John Teeling, Chairman, following
the formal business of the AGM are summarised below:
1. Botswana remains the best place in the world to find diamonds.
2. The discovery of macro diamonds on kimberlites AK 21 and AK
22 in the Orapa area is significant. Follow up analyses of core
hole samples is ongoing and further announcements will be made as
soon as practicable.
3. The geophysical technology of Alrosa have been perfected on
known models of kimberlite pipes. This gives the opportunity to
interpret sections of rock to a depth of 250-300 metres. This
allows us to discover buried pipes under the Kalahari sediments or
basalts.
4. Re-evaluation of kimberlites in the Orapa field is ongoing
5. In 2017 new areas will be prospected in Orapa, Gope and Khutse kimberlite fields.
6. The kimberlites found in Gope by the Maibwe joint venture
need verification drilling. The operating partner in the joint
venture, BCL, is currently unable to fund the work. The Company is
happy to assist either on its own account or an equity holder in
the joint partner Siseko, in which we hold a 51% interest.
7. We are pleased to welcome James Campbell as Managing
Director. Based in Johannesburg, James will drive forward the
Alrosa and Maibwe joint ventures as well as examining a range of
other projects.
ENDS
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
Enquiries:
Botswana Diamonds PLC
John Teeling, Chairman +353 1 833 2833
James Campbell, Managing
Director +27 83 457 3724
Jim Finn, Director
Northland Capital Partners
Limited
David Hignell/Gerry Beaney
(Corporate Finance) +44 (0) 203 861 6625
John Howes (Broking)
Dowgate Capital Stockbrokers
Limited
Jason Robertson +44 (0) 129 351 7744
Blytheweigh +44 (0) 207 138 3204
Camilla Horsfall +44 (0) 781 784 1793
Nick Elwes +44 (0) 7831 851 855
Rachael Brooks
Jonathan Garfield
PSG Plus
Colm Heatley +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
www.botswanadiamonds.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 15, 2016 05:51 ET (10:51 GMT)