Botswana has renewed two prospecting licences held by London-listed Botswana Diamonds—licence numbers 224/2007 and 169/2019—for an additional two years, extending their validity to December 31, 2026.
The licences cover the KX36 kimberlite discovery and several high-grade geophysical anomalies, with authorisation granted for drilling.
KX36, a 3.5-hectare kimberlite pipe, boasts an indicated resource of 17.9 million tonnes at a grade of 35 carats per hundred tonnes (cpht) and an inferred resource of 6.7 million tonnes at 36 cpht, with an estimated value of $65 per carat.
Botswana Diamonds has identified new kimberlite targets within the licence area, which the company believes have the potential to enhance the existing resource.
