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Tsodilo Resources Limited - Gcwihaba Prospecting Licenses Update
TORONTO, ON / ACCESSWIRE / March 5, 2024 / Tsodilo Resources Limited ("Tsodilo" or the "Company"...
About this update from Tsodilo Resources Limited
[{"type":"text","content":"Tsodilo Resources Limited - Gcwihaba Prospecting Licenses UpdateTORONTO, ON / ACCESSWIRE / March 5, 2024 / Tsodilo Resources Limited (\"Tsodilo\" or the \"Company\") (TSX-V:TSD)(OTCQB:TSDRF)(FSE:TZO) is pleased to announce that all matters related to Prospecting Licenses PL020-024/2018 held by its Botswana wholly owned subsidiary, Gcwihaba Resources (Pty) Ltd., have been resolved. Accordingly, the Company will withdraw its Contempt Motion filed on January 23, 2024, See, Tsodilo Resources Ltd. - News Releases.The five licenses have been renewed for their first two-year renewal to commence April 1, 2024.We would also like to thank Minister Lefoko Moagi, Minister of Minerals and Energy, and his team for their diligence in renewing the license in a timely fashion.Environment and Green SteelTsodilo adopted the International Finance Corporation's (IFC) Environmental, Health and Safety Guidelines for Mining when IFC became a shareholder more than a decade ago and the Company has worked diligently to advance the XIF project within those guidelines. Further to this, Tsodilo became a member of the ResponsibleSteelTM organization ResponsibleSteel as building a sustainable steel industry requires cooperation and mutual commitment from companies at all levels of the steel supply chain, representatives of civil society, and other stakeholders and ResponsibleSteel provides the forum for this multi-stakeholder approach. Their members include some of the leading players in the industry working together to minimize the impact of steel manufacturing on people and the planet. Working closely with Government Ministries and ResponsibleSteelTM furthers Tsodilo's goal of becoming the supplier of an ultra-high grade +67% Fe product to the industry and doing what we can to reduce greenhouse gas emissions (GHG) by becoming part of the \"green steel\" movement.\"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 forty 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 pro...