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Tsodilo Resources Limited (TSXV:TSD) is an international diamond and metals exploration company focused on discovering economic diamond and metal deposits in Botswana. The company holds full ownership of the Bosoto project, which includes the BK16 kimberlite project in the Orapa Kimberlite Field, and the Gcwihaba project area with five metal prospecting licenses. Tsodilo is actively managing the exploration of these projects to uncover valuable resources.
Tsodilo Resources Limited has provided an update regarding its legal action against the Botswana Ministry of Minerals & Energy (MME) concerning the non-renewal of Prospecting License PL020/2018 for its subsidiary, Gcwihaba Resources. Oral arguments were held in Maun, Botswana, on April 18, 2023, with a written judgment expected on August 1, 2023. This litigation has prompted significant requests for documentation, which Tsodilo has made accessible on dedicated landing pages.
The Xaudum Iron Project, located near the Namibia border, has a defined CIM compliant Inferred Mineral Resource of 441 million tonnes with an average grade of 29.4% Fe. An exploration target suggests a potential of 5 to 7 billion tonnes at 15-40% Fe. The Company plans to focus further exploration on Block 2a to enhance resources.