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BURGUNDY DIAMOND MINES Burgundy Diamond Mines Ltd ASX : BDM ABN : 33 160 017 390 Address Level 25 , South32 Tower 108 St Georges Terrace Perth WA 6000 Australia Contact Ph : +61 8 6313 3945 www.burgundy-diamonds.com About Quarterly Activities Report | December 2020 Highlights 29 January 2021 • Focus on evaluation of incremental M & A opportunities in favourable market for acquisitions о O Identification and screening of numerous potential diamond opportunities within the Company's target jurisdictions of Canada , Botswana and Australia Detailed evaluation and due diligence on selected projects , with particular focus on near - term production and operational opportunities Continued discussion with several potential project partners into 2021 . Preparation for sampling activities scheduled for 2021 : O BDM is a mineral resources company focused on diamond exploration and development . O Diamonds Core strategy : Identify and acquire a portfolio of interests in incomplete evaluation programs on world class discoveries at a low entry cost , and Unlock the latent value from these projects through disciplined project level funding and technical expertise . Current Projects : Naujaat Diamond Project , Canada . Advanced exploration . Earn - in agreement . Nanuk Diamond Project , Canada . Advanced exploration . 100 % owned . Botswana , early stage diamond exploration . Alliance agreement . Gold and Silver 18 % interest in the La Victoria Gold / Silver Project , located in the prolific North - Central Mineral Belt of Peru . Board of Directors Stephen Dennis Marc Dorion Jeremy King Michael O'Keeffe Kim Truter Peter Ravenscroft Optimisation of sample design for mid - 2021 bulk sample at the Naujaat project in Nunavut , Canada Progress on permitting for drilling programs on two target areas in Botswana , with drilling expected to start early in Q1 2021 Four new license areas in Botswana under application following innovative targeting work by alliance partners . Overview The Board of Burgundy Diamond Mines Ltd ( ASX : BDM ; “ Burgundy " or " the Company " ) is pleased to provide its quarterly activities and Appendix 5B cashflow report for the quarter ended 31 December 2020 ( " December quarter ” ) . In line with the development timeline for our projects outlined in the September Quarterly ( see ASX announcement dated 27 October 2020 ) , there was no on - ground activity conducted at any of Burgundy's current project areas in the December quarter . During this period the Company focused efforts on progressing its strategy of acquiring interests in the world's best diamond projects at a favourable time in the diamond market . Burgundy made significant progress during the quarter on conducting due diligence on numerous potential project acquisitions . This work is expected to bear fruit in 2021 , as one or more of these potential projects are likely to be progressed into value accretive transactions for Burgundy shareholders . Burgundy Managing Director , Mr Peter Ravenscroft , said the December quarter represented a period of careful consolidation on the excellent start made to the implementation of Burgundy's strategy earlier in 2020 . " Having established a strong organisational platform and appropriate financing earlier in the year , we turned our expanded internal capability to the disciplined evaluation of future opportunities , some of which we are hoping to progress early in 2021 , " Mr Ravenscroft said . " We were also very pleased to anchor our diamond strategy under the new company name and branding , as we continue to build towards our vision of becoming a leading mid - cap diamond company . "