Tsodilo Information Limited: Feasibility Studies With the Trans-Zambezi Rail Expansion Grootfontein-Rundu-Katima Mulilo

The newest mix-edging railway venture is designed to link the fresh mines and you can mining situations on the railway circle along the Walvis Bay – Ndola – Lubumbashi Advancement Corridor to enable transport off nutritional elements regarding the Copperbelt so you’re able to Walvis Bay

TORONTO, Towards the / ACCESSWIRE / / Tsodilo Information Minimal (“Tsodilo” or even the “Company”) (TSX-V:TSD)(OTCQB:TSDRF)(FSE:TZO) since informed by Ministry off Works and you can Transport (Namibia) try very happy to declare your Latest Feasibility Data (“FFS” or the “Study”) on Trans-Zambezi Rail Expansion Grootfontein-Rundu-Katima Mulilo could have been done.

The research involved the development of your own Trans-Zambezi Train expansion regarding Grootfontein to help you Katima Mulilo thru Rundu into the Namibia that will be element of a multinational rail line ranging from Namibia and Zambia via the Zambezi part. The latest FFS was used because of the M R Technofin Professionals Ltd (Canada) and you may co-funded from the Bodies of one’s Republic of Namibia therefore the African Invention Bank. New FFS is published to brand new Ministry out of Work and you may Transport, Regulators off Republic out of Namibia.

Which corridor try really well arranged in order to service the 2-way exchange between your SADC area and you may Europe, North and South usa and you can emerging segments throughout the Eastern, discover Figure step one getting a nearby context to that crucial transportation passageway.

“New proposed train extension is an important innovation getting Tsodilo given that it opens a good proximate train transport system for the beginning in our Xaudum Metal Creation project’s prospective iron issues, for example metal focus, metal pellets, prospective lead shorter metal (DRI) products, and Ferrosilicone (FeSi), throughout main, east and southern Africa plus around the world markets” and we try advised of the study’s conclusions set forth within the the fresh report just like the “The main achievement of the task is that the advised 772 kilometer Greenfield line is actually practical away from a technical, ecological, courtroom, economic, and you can financial view and should move ahead. (Frequency II, Part seven, page 99) [importance extra]” stated the business’s Chairman and you may Chief executive officer, James M. Bruchs.

The newest suggested train expansion between Grootfontein and you can Katima Mulilo is actually tall while the extension is actually planned to go through Divundu inside the Namibia which is located 35 kilometers (twenty two miles) from our permit area during the Northern Botswana, see Figure dos. This new Trans-Zambezi Rail expansion feasibility analysis can be viewed within its totality at:

Tsodilo manages the latest mining of your own Newdico, Gcwihaba, and Bosoto systems

Tsodilo Tips Limited is actually a global diamond and you will gold and silver exploration providers engaged in the look for economic diamond, steel dumps and industrial brick during the its Bosoto (Pty) Restricted (“Bosoto”), Gcwihaba Resources (Pty) Minimal (“Gcwihaba”) and Newdico (Pty) Ltd. (“Newdico) strategies in Botswana. The organization possess a hundred% stake inside Bosoto (Pty) Ltd. and that holds the newest BK16 kimberlite endeavor regarding Orapa Kimberlite Community (OKF) inside Botswana and also the PL diamond prospection license also in the OKF. The organization enjoys a 100% risk with its Gcwihaba enterprise town including five metal (feet, beloved, platinum group, and rare earth) prospecting certificates most of the found in the North-Western region regarding Botswana. The firm have an one hundred% need for their Newdico commercial brick endeavor based in Botswana’s Central District. Total supervision of your Organization’s mining system is the responsibility out of McDonald Kahari (Public relations. Sci. Nat.) a “accredited individual” therefore name is defined during the Federal Tool 43-101.

It news release may include forward-appearing statements. Most of the statements, except that comments off historical truth, one target products, situations otherwise advancements that Providers thinks, wants otherwise needs have a tendency to or may possibly occur in the future (together with, without limit, comments about the usage of proceeds, brand new effect out of proper partnerships and you may comments you to definitely determine the business’s upcoming preparations, objectives or wants) is give-appearing comments. These give-looking comments reflect the current standard otherwise philosophy of the Company considering suggestions currently available into the Company. Forward-appearing statements was at the mercy of plenty of threats and you can uncertainties that can cause the real outcome of the business in order to disagree materially from those individuals discussed regarding the forward- appearing statements, plus in the event the such genuine email address details are knew otherwise substantially know, there can be zero warranty that they will have the asked effects in order to, otherwise consequences with the Providers. Products that’ll result in actual performance or incidents so you’re able to differ materially out of most recent requirement are, on top of other things, alterations in equity locations, changes in standard economic conditions, ents during the Botswana and you will close nations, changes to help you regulations impacting their affairs, concerns relating to airg mobile site the availability and you will can cost you from financial support required in the long term, exploration and innovation threats, the latest uncertainties in interpreting mining show as well as the almost every other risks involved in the mineral exploration business. One submit-looking declaration talks only since the new date on what it is established and you may, except due to the fact may be required by the appropriate bonds laws and regulations, the business disclaims any intent otherwise responsibility to help you up-date people send-looking declaration, if or not as a result of brand new advice, coming events or performance or otherwise. Even though the Company believes the assumptions inherent regarding the forward-appearing comments try reasonable, forward-looking statements are not a pledge from upcoming results and you can appropriately undue dependence really should not be placed on such as statements because of the newest built-in uncertainty therein.

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