Tsodilo hoping to resolve legal issues

Tsodilo Resources Limited, which has several mining ventures in Botswana, some close to the Namibian border is hopeful that its legal issues in Botswana will be resolved in short time so that the company can resume the evaluation and development of the Xaudum Iron Formation (XIF) project.

The project is located in the North-West District of Botswana and extends for a known length of some 40 kilometers. The XIF is proximate to the Namibian border and 35km from the town of Divundu in Namibia.

The XIF Project is a magnetite iron prospect. It takes its name from the Xaudum River that runs through the northern portion of the Ngamiland region in the North-West District of Botswana.

The Walvis Bay-Ndola-Lubumbashi Development Corridor (previously known as the Trans-Caprivi) line linking Zambia and Namibia is planned to pass through Divundu, providing access to Walvis Bay, Namibia’s deep-sea port. The project is also located within 30km of the proposed Mucusso line to Angola’s Namibe Port.

Tsodilo is an international resource exploration company engaged in the search for economic metal and diamond deposits at its Gcwihaba Resources and Bosoto (Pty) Ltd. The company has a 100% stake in its Gcwihaba project area consisting of five metal (base, precious, platinum group, and rare earth) prospecting licenses all located in the North-West district of Botswana.

The company has a 100% stake in Bosoto (Pty) Ltd. which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana. Tsodilo manages the exploration of the Gcwihaba and Bosoto projects.

In September last year, the Ministry of Works and Transport announce that the Namibian Cabinet has approved the final feasibility study for the Trans-Zambezi Railway Extension Grootfontein-Rundu-Katima Mulilo. Namibia is at the forefront of coordinating the extension of the Grootfontein-Katima Mulilo railway project.

The cross-border rail project aims to link new mines and mining activities to the railway network along the Walvis Bay – Ndola – Lubumbashi Development Corridor to enable transportation of minerals from the Copperbelt to Walvis Bay.

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