Tsodilo Resources Restricted: Feasibility Data On the Trans-Zambezi Train Expansion Grootfontein-Rundu-Katima Mulilo

Tsodilo Resources Restricted: Feasibility Data On the Trans-Zambezi Train Expansion Grootfontein-Rundu-Katima Mulilo

This new get across-edging train opportunity will connect this new mines and you may exploration items with the railway system across the Walvis Bay – Ndola – Lubumbashi Innovation Corridor to allow transport regarding nutrition throughout the Copperbelt in order to Walvis Bay

TORONTO, To your / ACCESSWIRE / / Tsodilo Tips Minimal (“Tsodilo” or perhaps the “Company”) (TSX-V:TSD)(OTCQB:TSDRF)(FSE:TZO) because the informed of the Ministry out-of Functions and you may Transportation (Namibia) are very happy to mention that Final Feasibility Study (“FFS” and/or “Study”) towards the Trans-Zambezi Train Extension Grootfontein-Rundu-Katima Mulilo has been finished.

The study with it the development of Trans-Zambezi Rail extension off Grootfontein so you can Katima Mulilo through Rundu from inside the Namibia and that’s section of a multinational train line ranging from Namibia and you can Zambia through the Zambezi area. This new FFS is held from the Yards R Technofin Professionals Ltd (Canada) and you will co-financed because of the Government of your Republic of Namibia while the African Advancement Financial. The newest FFS are published to the latest Ministry off Really works and you will Transportation, Bodies out-of Republic out of Namibia.

That it corridor was well positioned so you’re able to services the two-ways trading between the SADC part and you may European countries, North and you may South usa and you can growing areas in the Eastern, discover Shape step 1 to possess an area framework to this important transportation passageway.

“Brand new suggested railway expansion is an important advancement to possess Tsodilo as the it reveals a great proximate train transportation system for the birth of one’s Xaudum Iron Development project’s potential metal affairs, eg iron focus, metal pellets, possible head faster metal (DRI) points, and Ferrosilicone (FeSi), while in the central, east and you will southern area Africa and additionally around the world locations” therefore we was encouraged by study’s results set forth in the the statement while the “The key conclusion of your assignment is the fact that the suggested 772 km Greenfield line are feasible from a technological, environmental, courtroom, financial, and you can financial perspective and must move forward. (Frequency II, Point seven, page 99) [stress added]” stated the company’s President and President, James M. Bruchs.

The new recommended railway expansion ranging from Grootfontein and you will Katima Mulilo are significant once the expansion is wished to pass through Divundu for the Namibia that is receive 35 miles (22 miles) from our permit location for the Northern Botswana, select Figure 2. The newest Trans-Zambezi Train extension feasibility studies can be seen within its entirety at:

Tsodilo handles brand new mining of the Newdico, Gcwihaba, and Bosoto plans

Tsodilo Tips Minimal is a major international diamond and you can precious metals exploration team engaged in brand new try to find monetary diamond, steel places and you may commercial stone during the the Bosoto (Pty) Minimal (“Bosoto”), Gcwihaba Info (Pty) Minimal (“Gcwihaba”) and Newdico (Pty) Ltd. (“Newdico) methods inside Botswana. The business have a 100% risk for the Bosoto (Pty) Ltd. and that keeps the brand new BK16 kimberlite investment regarding the Orapa Kimberlite Career (OKF) in the Botswana additionally the PL diamond prospection license including throughout the OKF. The firm keeps an one hundred% stake with its Gcwihaba venture city comprising four metal (legs, beloved, precious metal group, and you may rare-earth) lead generation permits all found in the Northern-Western section out-of Botswana. The firm keeps an one hundred% demand for its Newdico commercial brick venture based in Botswana’s Main District. Total supervision of the Business’s mining system ‘s the responsibility of McDonald Kahari (Public relations. Sci. Nat.) an excellent “certified person” therefore label is defined inside the National Tool 43-101.

So it news release may contain give-looking comments. Every statements, besides comments regarding historical truth, one address issues, events otherwise developments the Business believes, needs otherwise wants commonly otherwise could happen in the future (together with, without restrict, statements over the usage of proceeds, this new impression away from proper partnerships and you will comments one explain the business’s coming agreements, objectives or desires) was submit-searching comments. Such send-searching statements mirror the present day requirement otherwise opinions of your own Company according to suggestions available today with the Company. Forward-searching comments are at the mercy of a great amount of risks and you can concerns that can cause the actual outcome of the business in order to disagree materially off the individuals chatted about regarding the submit- looking comments, twoo bezplatnГЎ zkuЕЎebnГ­ verze as well as if the such as genuine answers are knew otherwise significantly knew, discover no promise that they’ll feel the asked effects in order to, otherwise outcomes on Organization. Activities that will bring about actual show otherwise incidents to help you disagree materially out-of most recent traditional were, among other things, alterations in guarantee avenues, changes in general economic conditions, ents for the Botswana and you will surrounding places, alter to help you laws affecting their points, concerns concerning the access and you will can cost you out-of money required in the long term, mining and creativity dangers, the latest concerns employed in interpreting exploration show plus the most other dangers active in the mineral exploration providers. Any send-lookin report speaks simply at the time of this new big date on which they is created and, but given that may be needed because of the relevant securities laws and regulations, the organization disclaims any purpose otherwise obligations to help you inform one pass-searching statement, whether or not as a result of the fresh new information, coming situations otherwise efficiency or otherwise. Whilst Business believes that the presumptions built-in about send-appearing comments try realistic, forward-searching comments are not a promise of upcoming performance and consequently undue reliance shouldn’t be wear such as for instance comments due to the brand new intrinsic uncertainty therein.

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