Botswana Diamonds cuts data deal with Petra Diamonds

Botswana Diamonds has entered into a data licence agreement with Petra Diamonds, the previous holder of the Reivilo licence, to have access to the full library of data on Reivilo held by Petra Diamonds. The data licence agreement grants Petra Diamonds a three percent royalty on any production revenue generated from the Reivilo prospecting licence in return for access to all of the Petra Diamonds data accumulated during their work on the licence. According to a statement, Botswana Diamonds will review available data prior to finalising its own exploration programme. Botswana Diamond Chairman, John Teeling said once Petra gave up the Reivilo ground as part of their restructuring they applied they now have exploration data. “Having won the licence, we then negotiated with Petra to obtain their exploration data. This is the agreement announced today. Having access to this information will save BOD time and money. The Reivilo cluster of kimberlites is a priority target for BOD”. Previous exploration work conducted by Petra Diamonds on the Reivilo ground delineated a cluster of three kimberlite pipes, with sizes of 3.1 hectares, 1.7 hectares and 0.9 hectares all within a 250- metre radius. Samples of the drilling core produced G10 and Eclogitic Garnets which are the optimal indicators for diamondiferous kimberlites.