Home / Business / Firestone extends Botswana’s BK11 asset sale period

Firestone extends Botswana’s BK11 asset sale period

British junior miner Firestone Diamonds has agreed to extend the option period granted to Amulet Diamond Corporation (Amulet) to purchase Firestone’s BK11 asset until 31 December 2018.

BK11 is a diamond asset in Botswana, currently on care and maintenance.

Amulet is funding the construction and operation of a bulk sampling plant at the BK11 mine during the option period to further assess the deposit.

In addition, Amulet has made steady progress towards completing the bulk sampling.

However, due to unforeseen equipment delivery delays, Amulet requested an extension to the option period which has been granted by Firestone.

Firestone Diamonds is a new diamond producer with operations focused in Lesotho.

Amulet is a mineral company based in Canada.

Check Also

How nuclear technology contributes to society

QUESTION: Zambia has for a long time sought to substantially grow its manufacturing industry. What …