BOTSWANA MINERALS PLC

• ⚠

  Material uncertainty over going concern

  The Group incurred a loss for the year of £994,582 (2024: loss of £560,974) after exchange differences on retranslation of foreign operations of £18,768 (2024: £3,132) at the balance sheet date. The Group had net current liabilities of £842,278 (2024: £584,053) and the Company had net current assets of £380,325 (2024: £569,674) at the balance sheet date. These events and conditions, along with the other matters as set forth in note 3 to the financial statements, indicate that a material uncertainty exists that may cast significant doubt on the group and parent company's ability to continue as a going concern.

1. BOTSWANA MINERALS PLC 2026-02-24 → present
2. BOTSWANA DIAMONDS PLC 2010-10-14 → 2026-02-24
3. BOTSWANA EXPLORATION PLC 2010-09-22 → 2010-10-14

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Azets Audit Services Ireland Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group incurred a loss for the year of £994,582 (2024: loss of £560,974) after exchange differences on retranslation of foreign operations of £18,768 (2024: £3,132) at the balance sheet date. The Group had net current liabilities of £842,278 (2024: £584,053) and the Company had net current assets of £380,325 (2024: £569,674) at the balance sheet date. These events and conditions, along with the other matters as set forth in note 3 to the financial statements, indicate that a material uncertainty exists that may cast significant doubt on the group and parent company's ability to continue as a going concern.”

Group structure

1. BOTSWANA MINERALS PLC · parent
   1. Kukama Mining and Exploration (Proprietary) Limited 100% · Botswana · Prospecting and exploration for diamonds
   2. Kukama Diamonds Investments Limited 100% · British Virgin Islands · Holding Company
   3. Orapa Diamonds plc 100% · United Kingdom · Dormant
   4. Botswana Coal plc 100% · United Kingdom · Dormant
   5. Congo Diamonds plc 100% · United Kingdom · Dormant
   6. Sunland Minerals (Pty) Limited 100% · Botswana · Dormant
   7. Atlas Minerals (Botswana) (Pty) Limited 100% · Botswana · Dormant
   8. Sekaka Diamond Exploration (Pty) Limited 100% · Botswana · Prospecting and exploration for diamonds
   9. African Irish Diamonds (Pty) Ltd 74% · South Africa · Mining of gold and diamonds
   10. Thorny River Exploration (Pty) Ltd 74% · South Africa · Mining of gold and diamonds

Significant events

• “AI identified seven entirely new kimberlite targets in areas that had not previously been considered prospective.”
• “Eleven high-quality critical metal targets were generated, particularly copper, but including nickel, PGMs, zinc-silver, and gold prospects.”
• “Following the AI programme, we submitted eight Prospecting Licence (PL) applications across Botswana covering 6,550 km²”
• “Four new diamond PLs were granted over high-priority targets, including the exceptionally promising Jwaneng South-West zone”
• “On 6 March 2025, BOD announced the granting of the first Mining Permit at Thorny River.”
• “On 29 July 2025 the Company announced it has been awarded four Prospecting Licenses in Botswana”
• “On 7 August 2024 the Company raised £250,000 via a placing of 78,125,000 new ordinary shares”
• “In recent weeks we saw the passing of David Horgan, a co-founder of Botswana Diamonds and prior to that, African Diamonds.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

3

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -23.8%

  £77,546 → £59,091

• Net assets

  -14.6%

  £5,135,714 → £4,386,798

• Employees

  -16.7%

  6 → 5

• Operating profit

  -79.6%

  -£564,106 → -£1,013,350

• Profit before tax

  -79.6%

  -£564,106 → -£1,013,350

• Wages

  -17.8%

  £209,910 → £172,451

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers