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Tsodilo Resources Limited Initiates Studies for the Preliminary Economic Assessment for the High-Grade Xaudum Iron Project in Botswana
TORONTO, ON / ACCESSWIRE / May 11, 2021 / Tsodilo Resources Limited ("Tsodilo" or the "Compa...
About this update from Tsodilo Resources Limited
[{"type":"text","content":"Tsodilo Resources Limited Initiates Studies for the Preliminary Economic Assessment for the High-Grade Xaudum Iron Project in BotswanaTORONTO, ON / ACCESSWIRE / May 11, 2021 / Tsodilo Resources Limited (\"Tsodilo\" or the \"Company\") (TSXV:TSD)(OTCQB:TSDRF)(FSE:TZO) is pleased to provide an update on its wholly owned Xaudum Iron Project. The Company has initiated geochemical analysis for grade determination and geotechnical test-work for Rock Mass Rating (\"RMR\") evaluation for the Preliminary Economic Assessment (\"PEA\") of its Xaudum Iron Formation (\"XIF\") project.The following analysis and test works will be conducted:755 samples from 10 drill holes within the XIF Block 2 area have been sent to ALS Chemex for analysis by:Element analysis by X-ray fluorescence (\"XRF\") using borate fusion beads; andLOI by muffle furnace (Table 1);34 samples from 7 drill holes representing the main XIF geological domains (Table 2) have been sent for geotechnical laboratory test-work assessment to the Department of Mining and Geological Engineering at the Botswana International University of Science and Technology (BIUST), where:18 samples will undergo Unconfined Compressive Strength (\"UCS\") testing;8 samples will undergo Brazilian Tensile Strength (Brazilian Test) testing; and8 samples will undergo Direct Shear Strength tests on a selection of common discontinuities.OverviewMetallurgical results show that the XIF magnetite product is expected to be a premium product containing 67% Fe which is preferable over lower grade iron ores (See, Press Release of 12/17/2013 on the Company's website). These high-grade ores and products currently command larger price premiums over standard ores (62% Fe) resulting in higher margins for suppliers of high-grade products. Further to this, \"cleaner\" iron ores with a Fe content equal to or greater than 65% use less coal per unit of steel and as such produce lower emissions. The current global drive for lower emission steel production results in steel producers dramatically increasing their demand for these high-grade green ores. As this shift towards green steel and emission reduction continues the high grade XIF is uniquely placed to meet this emerging market.Preliminary work on the Xaudum Iron project has defined a CIM compliant Inferred Mineral Resource Estimate of 441 million tonnes (Mt) with an ave...