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Tsodilo Resources Limited: Feasibility Research Into the Trans-Zambezi Railway Expansion Grootfontein-Rundu-Katima Mulilo

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Tsodilo Resources Limited: Feasibility Research Into the Trans-Zambezi Railway Expansion Grootfontein-Rundu-Katima Mulilo

The fresh new cross-border rail opportunity will connect the mines and mining points toward train network across the Walvis Bay – Ndola – Lubumbashi Invention Corridor to enable transport out-of nutrients on the Copperbelt so you’re able to Walvis Bay

TORONTO, Towards / ACCESSWIRE / / Tsodilo Information Limited (“Tsodilo” or even the “Company”) (TSX-V:TSD)(OTCQB:TSDRF)(FSE:TZO) as the told by Ministry of Performs and you can Transport (Namibia) are thrilled to mention that Final Feasibility Studies (“FFS” and/or “Study”) into Trans-Zambezi Train Extension Grootfontein-Rundu-Katima Mulilo could have been accomplished.

The analysis inside it the building of your own Trans-Zambezi Rail expansion away from Grootfontein in order to Katima Mulilo through Rundu inside Namibia and that is element of an international railway line anywhere between Namibia and you may Zambia via the Zambezi part. This new FFS are used from the M R Technofin Experts Ltd (Canada) and co-financed because of the Government of one’s Republic regarding Namibia plus the African Creativity Lender. The brand new FFS is published to new Ministry of Work and you will Transport, Authorities of Republic away from Namibia.

This passageway try well arranged in order to provider both-ways change amongst the SADC region and you can European countries, Northern and you can South america and you will emerging segments in the Eastern, discover Shape step 1 for an area context to that particular crucial transportation corridor.

“The new suggested railway expansion is a vital advancement to possess Tsodilo due to the fact it opens a great proximate train transportation program to your birth of our own Xaudum Iron Creation project’s prospective iron activities, such iron concentrate, iron pellets, possible direct smaller metal (DRI) issues, and you will Ferrosilicone (FeSi), throughout the central, east and you can south Africa and globally markets” therefore try recommended because of the study’s conclusions set forth in the new report while the “The key conclusion of one’s task is that the suggested 772 kilometres Greenfield range is actually viable from a scientific, environment, judge, monetary, and monetary viewpoint and ought to move on. (Frequency II, Section 7, page 99) [importance additional]” mentioned their President and you will President, James M. Bruchs.

Brand new suggested train expansion anywhere between Grootfontein and you may Katima Mulilo is high because extension was desired to go through Divundu during the Namibia that’s located 35 kilometers (twenty-two kilometers) from positive singles our licenses location inside North Botswana, find Contour 2. The fresh new Trans-Zambezi Rail extension feasibility research can be seen within its totality at:

Tsodilo protects this new exploration of your own Newdico, Gcwihaba, and you can Bosoto tactics

Tsodilo Tips Minimal are a global diamond and you will gold and silver coins mining business involved with the brand new seek out economic diamond, metal dumps and you can commercial stone on the Bosoto (Pty) Minimal (“Bosoto”), Gcwihaba Information (Pty) Minimal (“Gcwihaba”) and you will Newdico (Pty) Ltd. (“Newdico) programs into the Botswana. The firm has actually a hundred% share within the Bosoto (Pty) Ltd. and therefore holds the latest BK16 kimberlite enterprise regarding Orapa Kimberlite Community (OKF) inside the Botswana together with PL diamond prospection permit together with regarding the OKF. The business possess a hundred% share in Gcwihaba investment town composed of five metal (feet, precious, precious metal classification, and rare earth) prospecting certificates all found in the North-West region of Botswana. The company provides a 100% need for the Newdico industrial stone endeavor located in Botswana’s Central Section. Total oversight of one’s Businesses exploration program ‘s the obligation out of McDonald Kahari (Advertising. Sci. Nat.) an excellent “qualified person” as a result title is scheduled inside the National Means 43-101.

This press release can get incorporate forward-searching comments. All comments, apart from statements of historical facts, one target circumstances, incidents or improvements that the Business believes, needs otherwise anticipates will otherwise may occur later on (also, as opposed to restrict, comments in regards to employing continues, the brand new impact out of strategic partnerships and comments you to definitely identify the company’s coming plans, expectations otherwise goals) are pass-looking comments. These types of give-appearing statements mirror the present day expectations or philosophy of the Company based on information on the market today toward Company. Forward-appearing statements is actually at the mercy of a lot of risks and you will concerns that may cause the genuine consequence of the company to help you disagree materially away from those individuals discussed in the send- searching statements, plus in the event that particularly real answers are knew otherwise significantly knew, there is certainly no warranty that they can feel the asked effects to, or outcomes towards the Providers. Facts that’ll end up in genuine show otherwise incidents in order to differ materially of latest traditional become, on top of other things, changes in equity markets, alterations in general economic climates, ents inside the Botswana and nearby nations, alter so you can guidelines impacting their issues, concerns relating to the accessibility and you will will cost you out of capital required in the long run, exploration and you may creativity risks, the uncertainties involved in interpreting exploration overall performance additionally the almost every other risks active in the nutrient mining team. People submit-lookin statement talks only as of new go out on which it is generated and you will, but because may be needed from the applicable securities laws and regulations, the business disclaims any intention or responsibility to revise any send-appearing statement, if down to the suggestions, coming events otherwise abilities or otherwise. Whilst Company believes that the assumptions built-in regarding the forward-searching comments is realistic, forward-appearing comments aren’t a hope off future efficiency and you will consequently unnecessary dependency really should not be wear like comments due to the newest built-in suspicion therein.