Botswana Project

  • Botswana is the worlds' premier diamond production, sales and trading hub.
  • Peregrine is leveraging 60 years of diamond exploration history.
  • The project involves eleven licenses covering 6,613 square kilometres across six regions.
  • Peregrine holds a 1% Gross Over Riding Royalty on revenue from the sale of production from any mineral properties in agreed target areas.

Botswana is the third largest producer of diamonds in the world, with production of 23 million carats per year, or 17% of 2014 global production. Peregrine Diamonds entered Botswana in early 2015 through the acquisition of Diamexstrat Botswana (Proprietary) Ltd. (DES Botswana), a privately-held Botswana diamond exploration and development company. The acquisition gave Peregrine 100% ownership of strategic diamond prospecting licenses grouped into six project areas. In September 2017, Peregrine entered into an agreement to transfer all shares of DES Botswana to Diamond Exploration Strategies Limited (DES UK). Under the agreement, Peregrine will be granted a 1% Gross Over Riding Royalty on revenue from the sale of production from any mineral properties in agreed target areas.

OVERVIEW

The Sikwane project and adjacent Malolwane project cover 1,102.5 square kilometres in an area with little or no Kalahari sediment cover. Previous work completed on the diamond-bearing kimberlites in the Sikwane license is being re-evaluated. Previous operators encountered sporadic elevated counts of kimberlitic indicators with compelling diamond-facies compositions in the Malolwane project, though the source kimberlite(s) have not been located.

The Mmashoro project area covers 16.3 square kilometres over a discrete opportunity that is close to drill-ready.

The Gope project area covers 1,000.8 square kilometres across two licenses, located 15 kilometres north and six kilometres west of the Ghaghoo diamond mine, respectively. Twenty significant anomalies have been isolated; models for five compelling anomalies have diameters of 340 to 500 metres at depths ranging from 70 to 120 metres. Surficial KIM sampling across these five targets and five other targets occurred in late 2015.

The Moralane project area covers 663.7 square kilometres at the edge of the Kalahari basin in east-central Botswana. The Moralane Project hosts a unique indicator mineral chemical signature that cannot be matched to indicators from known kimberlite clusters in the region. Four magnetic anomalies occurring in the source area of the unique indicators were drill tested in November 2015 with inconclusive results. Work continues on other high-potential targets within the project.

The Nata project area covers 3,830 square kilometres in four contiguous licenses located approximately 140 kilometres to the northeast of the Orapa kimberlite province. The project area lies along the extension of a prolific Cretaceous kimberlite emplacement corridor that includes the Ghaghoo, Orapa, Karowe, Damtshaa and Lethlakane diamond mines.