Botswana Diamonds

Botswana Diamonds aims to establish a pipeline of diamond projects in southern and central Africa ranging from early stage diamond exploration to existing advanced stage development and eventual production where justified. The immediate focus is on the advanced stage Botswana licences where a conceptual study has identified possible production opportunities. Outside of Botswana, the company is pursuing opportunities to participate in diamond exploration in Zimbabwe and Cameroon.

Botswana

Botswana Diamonds currently owns three diamond exploration licences in Botswana through its 100% shareholding in Atlas. These include three diamondiferous kimberlites, i.e. the AK 08 kimberlite on PL004/2002, the AK 09 kimberlite on PL004/2002 as well as the BK 05 kimberlite that occurs on both PL004/2002 as well as PL605/2009. A further exploration licence, PL07/2004, with a surface area of 31.4 km², contains a large unresolved kimberlite indicator mineral anomaly.

Botswana AK8

The AK08 kimberlite is located some 15km SSE of the Orapa Mine, 27 km northwest of Debswana’s Letlhakane mine and 8 km northwest of both Lucara’s new AK6 mine and Firestone Diamond’s new BK11 mine.

The kimberlite has an estimated size of between 5 and 6 hectares, determined through drilling and ground geophysics. The kimberlite appears to be tri-lobate and the southern lobe (up to 2.5ha) has an estimated grade of between 3-7cpht whilst the northern and eastern lobes are lower at 1-2cpht. The average diamond revenue is USD 100/carat. Initial modeling indicates that the pipe may contain up to 20 million tonnes of ore to a depth of 300 metres.

Bulk sampling is planned to test the higher grade, near surface, southern lobe of the kimberlite in order to verify the diamond revenue as well as the grade.

Botswana AK9

The AK09 kimberlite is located some 20km southeast of the Orapa Mine, 25 km northwest of Debswana’s Letlhakane mine and 6 km northwest of both Lucara’s new AK6 mine and Firestone Diamond’s new BK11 mine. The area has excellent local infrastructure.

The kimberlite has an estimated size of 3 hectares, that was determined from drilling and ground geophysics. The grade is currently shown to be between 2.5 to 3.5 cpht, albeit from limited sampling information. Initial modeling indicates that pipe may contain up to 11 million tonnes of ore to a depth of 250 metres.

Portions of the kimberlite has significant overburden but bulk sampling is planned to test the near surface portions of the kimberlite in order to verify the diamond revenue (USD 26/carat), estimated from a small parcel of only 4 carats, as well as the grade.

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Democratic Republic of Congo

The DRC exploration licences are located in the northeast portion of the central nucleus of the Kasai craton in the Provinces of Kasai Oriental and Katanga. The nearest town is Kabinda some 75km northwest of the licences with the larger town of Mbuji Mayi some 170km to the WNW.

Exploration to date includes stream sediment sampling, airborne magnetic, a Spectrem EM survey and airborne gradiometry. Anomalies were followed up with ground gravity, ground magentic, ground EM and eventually drilling. To date nine kimberlites have been confirmed in the Bugeco licences.

John Teeling - Executive Chairman.
30 years resources experience.
20 years African Resource exploration and development   management experience.
Established a number of AIM companies.
Doctorate from Harvard.

James Finn - Finance Director
20 years experience in exploration companies
Degrees in Accounting and Management.
Currently Director of 4 AIM companies.

David Horgan - Director
Holds a Law degree from Cambridge and an MBA from Harvard.He is Managing Director of AIM listed oil explorer Petrel Resources plc and Clontarf Energy plc

Andre Fourie - Technical Director
20 years of diamond and gold experience, 19 of which with Anglo   American and De Beers.
Experienced in exploration, mineral resource management and new   business development.
Degrees in Geology and postgraduate qualifications in Mining Engineering.

Botswana Diamonds’ significant shareholders, as at both before and after Admission:

· Chase Nominees Limited:                    5,268,625 (5.24%)
· Deusche Bank Aktiengesellschaft:        5,066,500 (5.04%)
· WB Nominees Limited:                        4,932,382 (4.19%)
· Chase Nominees Limited CMBL:           4.098,550 (4.08%)
· TD Waterhouse Nominees (Europe)
· Limited  (SMKTNOMS):                        3,919,755  (3.9%)
· Hanover Nominees Limited Hay C2:      3,892,500 (3.87%)
· SCBN (PTY) Ltd  IAM 030-14:               3,702,067  (3.68%)

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