Risk Management Report for Oil, Gas and Mining in Botswana – Cash In On The Social Media Revolution Now

Risk Management Consultants reports that Tsodilo Resources Limited is a Toronto Stock Venture Exchange listed exploration company that is currently exploring for diamonds, base and precious metals  in the northwestern part of Botswana.

Tsodilo started off exploring for diamonds but has recently discovered what appears to be a promising copper/nickel deposit. Exploration of the diamond licenses is centered on an area where a previous exploration program discovered 19 kimberlites, four of which contained micro-diamonds. Tsodilo has discovered a further 9 kimberlites, bringing the total number of known kimberlites in this field to 28.

Logical Lending Solutions P/L, Australia sought IFC’s engagement (i) to assist in funding the continued exploration of the Project to reach a scoping study stage within the next two years; and (ii) to provide environmental and social technical assistance to help develop the Project in line with industry best practices.

The Company Finance Plans to spend approximately C$5.2 million on exploration on the Project over the next two years. The exploration program includes initiation of a National Instruments 43-101 compliant scoping study to achieve an inferred resource, micro-diamond analysis, bulk sampling and drilling up to 20 targets in a potentially new kimberlite field. The Company’s cash at hand together with the proposed IFC investment of C$5.0 million in equity is sufficient complete this program of activities.

The Project is located in the northwestern part of Botswana, about 350 kilometers north of Maun, the regional capital. The base metal license covers an area of approximately 13,500 km2 and the diamond licenses cover a total area of approximately 16,250 km2. There is however a substantial overlap of the two licenses. Tarred roads provide year-round access to the property. In addition, there are two airstrips near the project site that can handle light aircraft.