Diamond kimberlite discovered in the Okavango

The Okavango property of the company comprises three prospecting licences covering approximately 2592 square kilometres held by the company's wholly-owned subsidiary, PAM Botswana.

The project is situated on a recently recognised extension of the Archaean Congo Craton which hosts numerous economic kimberlite and alluvial diamond deposits. The company said in a statement on Monday that the property is covered by sands of the Kalahari Desert of variable thickness averaging  60 metres.