Tsodilo Resources' subsidiary Bosoto has secured prospecting licence in the Orapa Kimberlite Field (OKF) in Botswana.
Through the licence PL217/2016, Tsodilo will have access to the diamond producing region in Botswana, which had an average annual output of 27 million carats in the last decade.
Go deeper with GlobalData
The OKF area produced 8.85 million carats last year.
Tsodilo noted that the licence will expire on 31 December 2019, and cover an area of 580km² and lies south of the Orapa and Damtshaa mines. It is also west of the Letlhakane mine around 20km from the company's BK16 kimberlite pipe; and next to the Karowe mine.
According to the company, there are multiple kimberlite bodies next to the north and east of the licence block.
Alongside the kimberlite exploration programme, Tsodilo will focus on the alluvial potential of this ground, as much of it occurs downstream of the diamond mines at AK06 and BK11.
A detailed geomorphological analysis will be carried out laying emphasis on the paleo-drainage development of the region.
The company stated that in spite of limited denudation of the area, erosion has removed sufficient material from the top of the kimberlites to release enough diamonds to form alluvial placer deposits close to the pipes.
Based in Canada, Tsodilo Resources is a diamond and metals exploration company with assets in South Africa and Botswana.
