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Botswana Diamonds finds first diamonds from Marsfontein

11:50, 12th November 2019
Abraham Darwyne
Company News
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Botswana Diamonds (BOD) FOLLOW announced on Tuesday that it has recovered first diamonds from its mining permit in Marsfontein, South Africa.

The diamonds were recovered as part of plant commissioning activities at the mine, the company said.

Diamond bearing gravels and residual unprocessed stockpiles surrounding the Marsfontein Mine was where the company found the diamonds.

Shares in Botswana ticked up 1.89% to 1.35p during Tuesday trading following the news

BOD price chart

John Teeling, Chairman, said: "I am delighted with the rapid progress the team has made on-site and it is noteworthy that the first diamonds were recovered within two weeks of the Mining Permit being granted.”

Botswana said that plant commissioning was “well advanced”, after the installation an in-field screen, two rotary pans, grease and x-ray recovery. 

The firm said it plans on ramping-up to full production of 400-tons of pan feed per day after optimisation of the plant flow sheet.

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