Botswana Diamonds Plc [BOD] - Preliminary Results for the Period Ended 30th June 2011
16 December 2011
Botswana Diamonds PLC
Preliminary Results for the Period Ended 30th June 2011
Highlights:
• Admitted to AIM in February 2011
• Board strengthened with the addition of two members with extensive diamond expertise
• Cooperation with new partners to explore in Botswana
• Cameroon acreage shows potential as new mine being developed on adjacent licence
• Active programme planned across all regions in the coming year
• Diamond market remains strong
John Teeling, Chairman, commented:
“The dynamics of the diamond business are improving with demand growing at over 6% a year and supply flat. We are in the best locations to find new mines. We will apply new technology on our existing licences and new ground in Botswana while a sampling programme will commence in early 2012 on our palaeoplacers discovery in Cameroon.”
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