Botswana Diamonds plc has acquired eight copper prospecting licences, which also cover gold and other minerals, to counter the current low demand for diamonds.
AI
The company said it had also responded to the “strong and growing demand” for copper and other “energy-transition” metals.
Botswana used artificial intelligence analysis to identify the ground, following assessment of the company’s 95,000km2 exploration database.
The same proprietary technology has already highlighted six previously unreported “kimberlite-prone” areas, where the company also holds licences.
Discussions have started with potential partners on possible exploration joint ventures over the new licences, which cover 7,000 km2 in the northwest of the country and are valid until 31 December 2028.
Botswana plans close interval geophysical and geochemical surveys, aimed to define drill targets.
Chairman John Teeling added that AI analysis had delivered “exceptional” results and “outstanding” outcomes.
“The mission of Botswana Diamonds was and still is diamonds. But the market environment for diamonds is poor at present.
“These market conditions will improve, and this approach allows us to continue progressing the business as a mining company while remaining committed to diamonds over the longer term.
“In the meantime, interest has been shown by third parties in both our technology and in the results and we see clear potential to progress these licences efficiently through partnerships and structured exploration programmes.”