Botswana Diamonds Secures Mining Permit for Thorny River Project

The latest update is out from Botswana Diamonds ( (GB:BOD) ).

Botswana Diamonds has received a mining permit for its Thorny River project in South Africa, which is located near the previously mined-out Marsfontein mine. The company has conducted extensive geophysics, drilling, and bulk sampling, revealing two commercially viable kimberlite zones. Although the Marsfontein project was put on hold due to falling diamond prices and permitting delays, the recent permit and a slight improvement in diamond prices could lead to the resumption of mining activities at Thorny River, enhancing BOD’s operational prospects.

More about Botswana Diamonds

Botswana Diamonds (BOD) is a diamond explorer focused in the Kalahari Desert, where it holds prime diamond exploration acreage as well as the KX 36 diamond discovery. The company is engaged in ongoing work that has identified five drill-ready targets and has used AI analysis to uncover seven previously unreported Kimberlite anomalies and several polymetallic anomalies.

YTD Price Performance: -27.50%

Average Trading Volume: 2,634,543

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £1.74M

See more data about BOD stock on TipRanks’ Stock Analysis page.