Botswana Diamonds (BOD)

Sector:

Mining

Index:

FTSE AIM All-Share

1.03p
   
  • Change Today:
      0.050p
  • 52 Week High: 1.55
  • 52 Week Low: 0.83
  • Currency: UK Pounds
  • Shares Issued: 849.41m
  • Volume: 958,345
  • Market Cap: £8.71m

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Botswana Diamonds evaluates open-pit options for River Blow

By Josh White

Date: Monday 25 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Botswana Diamonds announced the results of a conceptual open-pit mine optimisation evaluation on the River Blow of the Thorny River property in South Africa on Monday.
The AIM-traded firm said the analysis of the blow and its extension indicated potential open pit options.

It said that, assuming mid-range diamond values of $170 per carat, mid-range mining costs, a discount rate of 10%, a recovered grade of 40 carats per hundred tons, and 1.7 million tons of kimberlite mined, indicated that a mine was "likely to be commercial".

The results excluded any additional resources from adjacent targets, which would be drilled in the coming months.

"The purpose of this exercise was to determine whether there was commercial potential in the Thorny River discoveries," said managing director James Campbell.

"The conceptual open pit evaluation shows that even at low revenue factors the kimberlite is potentially commercial when applying current industry standard mining and processing costs.

"This exercise will be updated following drilling on the adjacent high priority targets."

Chairman John Teeling added that the evaluation showed that there was potential for an open pit mine at Thorny River, and that there was the potential for operational positive cash flow even at low levels of diamond recovery.

"We will continue to work on the project including determining the capital cost," Teeling said.

"We anticipate that drilling in the coming months will extend mineable kimberlite volume."

At 0810 BST, shares in Botswana Diamonds were down 5.96% at 1.11p.

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BOD Market Data

Currency UK Pounds
Share Price 1.03p
Change Today 0.050p
% Change 5.13 %
52 Week High 1.55
52 Week Low 0.83
Volume 958,345
Shares Issued 849.41m
Market Cap £8.71m

BOD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.76% above the market average15.76% above the market average15.76% above the market average15.76% above the market average15.76% above the market average
19.35% below the sector average19.35% below the sector average19.35% below the sector average19.35% below the sector average19.35% below the sector average
Price Trend
68.08% above the market average68.08% above the market average68.08% above the market average68.08% above the market average68.08% above the market average
62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average
Income Not Available
Growth Not Available

BOD Dividends

No dividends found

Trades for 01-Jul-2022

Time Volume / Share Price
16:22 190,244 @ 1.05p
16:21 284,576 @ 1.05p
15:58 384,615 @ 1.04p
15:53 49,405 @ 1.00p
10:25 49,505 @ 1.00p

BOD Key Personnel

Finance Director James Finn

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