Botswana Diamonds moves ahead!

Botswana Diamonds provides an update on its Thorny River Project & John Teeling, chairman, commented:

“We have made rapid progress at Thorny River with the generation of volume and grade estimates following intensive exploration field work. 

 

We recovered insufficient diamonds, particularly the bigger sizes, to produce a valuation which could be used in economic modelling.  This will be addressed.  The next work programme will include options to determine the economic viability of the resource.” 

 

About 512 diamonds weighing 62.883 carats were recovered from this sample. The valuation of the diamonds recovered, which was undertaken by international diamantaire Ray Ferraris, indicated the parcel average to be US$89/ct in the +11 diamond sieve class, which compares favourably with US$77/ct achieved in the same diamond sieve class from the 2015 sampling campaign. 

 

The average published diamond values achieved by Klipspringer were US$130/ct. However, the diamonds recovered were insufficient to produce a modelled diamond valuation; therefore the 2016 modelled diamond value of US$259/ct.

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