Botswana Diamonds (LON:BOD) posts a pre-tax loss of £303,254 for the year to the end of June - down from £339,529 a year ago.
- Visual observation of the core from AK22 noticed a diamond
- Four diamond bearing kimberlite pipes, forming a cluster within close proximity to each other, identified at Maibwe
Chairman John Teeling said: "We are very active on good ground in the best diamond province in the world. We are partnered with the most technologically advanced diamond explorer in the world. Our own team is very experienced and has found diamonds previously, specifically the Karowe discovery in the early 2000s.
"We believe that our expertise and experience can reduce the extreme risk in grass roots diamond exploration. We are making steady progress in the Alrosa/BOD joint venture. To date we have been able to fund the exploration activities. We now have diamonds in two pipes on PL 260. An economic assessment will be made in 2017. The potential in the Maibwe discovery is exciting as GP 173 and PL 186 has kimberlites and diamonds. Verification of the work to date is essential. We are offering to conduct this work. It needs to be drilled."
* * *
GCM Resources (LON:GCM) will hold its annual general meeting at 4 Hamilton Place, London, W1J 7BQ, on 15 December at 11 a.m.
* * *
The sector's biggest risers were Anglesey Mining (LON:AYM) and Amur Minerals (LON:AMC) - up by more than 16.6% and over 8.2% respectively in late trading. The biggest fallers were Condor Gold (LON:CNR) and Stratex International (LON:STI) - down by more than 11% and over 10.2% respectively.
(LON:AMC) Amur Minerals Corporation share price was +0.46p at 5.96p
(LON:AYM) Anglesey Mining PLC share price was +0.38p at 2.63p
(LON:BEM) Beowulf Mining PLC share price was -0.13p at 5.13p
(LON:BKY) Berkeley Energia Ltd share price was -0.25p at 44.5p
(LON:BOD) Botswana Diamonds PLC share price was +0.08p at 1.75p
(LON:CEY) Centamin PLC share price was -7.55p at 132.35p
(LON:CHL) Churchill Mining PLC share price was +0.5p at 37.25p
(LON:CNR) Condor Gold PLC share price was -6.5p at 52.5p
(LON:CZA) Coal of Africa Ltd share price was +0.01p at 3.38p
(LON:FDI) Firestone Diamonds PLC share price was 0p at 56.5p
(LON:FRES) Fresnillo PLC share price was -88.5p at 1295.5p
(LON:GCM) GCM Resources PLC share price was -1.75p at 40p
(LON:GEMD) Gem Diamonds Ltd share price was -1p at 113.25p
(LON:HOC) Hochschild Mining PLC share price was -13.7p at 221.3p
(LON:KMR) Kenmare Resources PLC share price was -9.75p at 245p
(LON:VED) Vedanta Resources PLC share price was -5.25p at 804.75p