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High Court of Botswana to Render Decision With Respect to Gcwihaba Prospecting Licenses
TORONTO, ON / ACCESSWIRE / December 11, 2023 / Tsodilo Resources Limited ("Tsodilo" or the "Comp...
About this update from Tsodilo Resources Limited
[{"type":"text","content":"High Court of Botswana to Render Decision With Respect to Gcwihaba Prospecting LicensesTORONTO, ON / ACCESSWIRE / December 11, 2023 / Tsodilo Resources Limited (\"Tsodilo\" or the \"Company\") (TSX-V:TSD)(OTCQB:TSDRF)(FSE:TZO) has been informed that the decision In re Gcwihaba Resources (Pty) Ltd. vs. Minister of Minerals and Energy and the Attorney General of Botswana, MAHMN-000075-22, will be issued on Friday, December 15, 2023, in the High Court, Republic of Botswana.The decision will be made available on the Company's litigation landing page(s): Botswana Litigation for litigation documents and Tsodilo Resources Ltd. - MMGE for related documents.XAUDUM IRON FORMATION (XIF)About the XIF ProjectThe 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 lies twenty-two (22) miles from the town of Divundu in Namibia. 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 forty-three (43) miles of the proposed Mucusso line to Angola's Namibe Port.Preliminary work on the XIF project has defined a CIM compliant Inferred Mineral Resource Estimate of 441 million tonnes (Mt) with an average grade of 29.4% Fe, 41.0% SiO2, 6.1% Al2O3 and 0.3% P for the Block 1 magnetite XIF.Block 1 is a fraction of the potential XIF magnetite resource. An extrapolated exploration target has defined the XIF to be in the order of 5 to 7 billion tonnes at 15 - 40% Fe. This exploration target was generated by inversion modelling of ground magnetic geophysical data which was compared and moderated to volumes from drilling data within Block 1 and its potential quantity and grade is conceptual in nature. To date, there has been insufficient exploration to define a mineral resource other than in Block 1 and it is uncertain if further exploration will result in the target being delineated as a mineral resource. See, Press Release of 6/02/2014 on the Company's website for further details.Metallurgical magnetic separation results (Davis Tube Recovery) show that an average concentrate of 67.2% Fe, 4.2% SiO2, 0.5% Al2O3, 0.07% P is obtained at P80 grind size of 80 micron...