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Mar 07, 2025
Article Source LogoGlobal Mining Review
Global Mining Review

Mining Permit Granted For Thorny River

The Thorny River project is close to the well-known, mined-out Marsfontein mine. BOD has undertaken extensive geophysics, drilling, and bulk sampling along the Thorny River dyke-system. The geology and grades were consistent with those in the nearby Klipspringer Mine. Two kimberlite blows (ie. a significant widening of the kimberlite dyke) which are commercial at the right diamond price, and which include the River and River Extension zones within the Thorny River project, were outlined. The company applied for two mining permits over these two zones and one has now been received.

Given the focus of BOD on Botswana, it was decided to use contractors to mine the nearby Marsfontein gravels and dumps project as a "proof of concept," with BOD receiving a 15% revenue royalty. A contractor moved on site and undertook some trial mining. Falling diamond prices and delays in permitting resulted in the project being put on care and maintenance in October 2023. Once diamond prices recover, mining could resume at Marsfontein, as well as commence at Thorny River, now that permits are in force.

John Teeling, Chairman, commented:

"At last we have received the mining permit. We also note a small improvement in diamond prices. If the price rises are sustained, we can look forward to the commencement of contractor mining at Thorny River."

Read the article online at: https://www.globalminingreview.com/mining/06032025/mining-permit-granted-for-thorny-river/

Fleet Space Technologies has announced its acquisition of HiSeis, the world’s leading provider of active seismic exploration technology to the minerals industry.

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