Botswana Diamonds plc announces that a consortium of BOD, acting as operator (30%), Michelo Shakantu (15%) and the Conros Corporation owned by the Chandaria family (5%), collectively known as Diamonds of Eswatini Pty Ltd, has been awarded a Prospecting License over the diamondiferous Dokowayo kimberlites in Eswatini in partnership with The Ingwenyama (His Excellency, King Mswati III, 25%).
The Government of Eswatini (25%). Eswatini was formerly called Swaziland and is a kingdom sitting between the borders of South Africa and Mozambique. Nil consideration was payable by BOD for its 30% interest.
The Prospecting License of just under 4,000 hectares is for an initial period of one year and renewable for a further year. There are at least two kimberlite pipes and three kimberlite dykes on the Prospecting License, the largest of which (K1) is a pipe of approximately 600 metres in diameter.
K1 was mined by Transhex between 1986-1996 when 720,222 carats were recovered. The mine was well known for producing fancy pink and Type IIA diamonds and the largest stone recovered was 146 carats. There are also significant tailings dumps on the property as well as a stockpile of unprocessed kimberlite. The kimberlite resource has been internally estimated at over 10 million tonnes to a depth of 200m and the dumps are estimated to contain 2 Mt.
The plan is to undertake an immediate, updated full desktop review and analysis of secondary sources. Following this, bulk sampling of the dumps and kimberlite stockpile is envisaged as the next step forward.
Chairman, John Teeling, commented: “We are delighted to have been awarded this Prospecting License over the Dokowayo kimberlite pipe in Eswatini, which we applied for several years ago. The pipe was last mined a long time ago and following breakthroughs in both exploration and mining technology we are excited about Dokowayo’s potential viability, especially seeing that Dokowayo is proven to contain both pink and Type IIA diamonds, which are greatly in demand and fetch amongst the very highest of diamond prices”.
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Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
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