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Tsodilo Info Minimal: Feasibility Research To your Trans-Zambezi Rail Expansion Grootfontein-Rundu-Katima Mulilo

Tsodilo Info Minimal: Feasibility Research To your Trans-Zambezi Rail Expansion Grootfontein-Rundu-Katima Mulilo

Brand new mix-edging railway project aims to hook the latest mines and you can mining things with the railway system across the Walvis Bay – Ndola – Lubumbashi Development Corridor allow transport of vitamins regarding Copperbelt to help you Walvis Bay

TORONTO, Into / ACCESSWIRE / / Tsodilo Resources Minimal (“Tsodilo” and/or “Company”) (TSX-V:TSD)(OTCQB:TSDRF)(FSE:TZO) since informed by the Ministry off Works and you can Transportation (Namibia) are pleased to announce your Finally Feasibility Studies (“FFS” or perhaps the “Study”) into the Trans-Zambezi Rail Extension Grootfontein-Rundu-Katima Mulilo could have been completed.

The analysis inside it the development of your own Trans-Zambezi Railway extension away from Grootfontein in order to Katima Mulilo through Rundu inside Namibia which can be section of a multinational train range between Namibia and you can Zambia via the Zambezi part. Brand new FFS try held by Yards R Technofin Professionals Ltd (Canada) and co-financed from the Authorities of the Republic out of Namibia and African Advancement Bank. The newest FFS was published to this new Ministry away from Performs and you will Transport, Government out-of Republic of Namibia.

So it passageway was really well organized so you can solution the two-method trading involving the SADC part and you will Europe, Northern and you can South america and you will growing locations from the Eastern, look for Figure step one for an area context to that particular very important transportation corridor.

“Brand new proposed rail expansion is an important innovation to own Tsodilo because it opens up an effective proximate rail transport system towards beginning of one’s Xaudum Iron Formation project’s possible iron affairs, for example metal focus, iron pellets, prospective lead quicker metal (DRI) circumstances, and Ferrosilicone (FeSi), throughout central, eastern and you may southern area dД›lГЎ vgl prГЎce Africa plus around the globe locations” and in addition we try advised by the study’s conclusions established from inside the the fresh declaration just like the “The primary end of task is that the suggested 772 kilometer Greenfield line was practical from a scientific, ecological, courtroom, economic, and you can economic perspective and ought to move forward. (Regularity II, Area 7, webpage 99) [importance extra]” mentioned the company’s Chairman and you will Chief executive officer, James M. Bruchs.

The latest proposed railway expansion ranging from Grootfontein and you will Katima Mulilo was significant as the expansion are wanted to move across Divundu inside the Namibia which is discovered 35 kilometers (twenty two miles) from your licenses location when you look at the Northern Botswana, find Figure dos. This new Trans-Zambezi Rail expansion feasibility study can be viewed within its totality at:

Tsodilo handles brand new mining of one’s Newdico, Gcwihaba, and you can Bosoto systems

Tsodilo Info Minimal was a worldwide diamond and you will metals exploration business involved with this new identify financial diamond, metal deposits and industrial stone at the Bosoto (Pty) Minimal (“Bosoto”), Gcwihaba Resources (Pty) Minimal (“Gcwihaba”) and Newdico (Pty) Ltd. (“Newdico) programs inside Botswana. The firm provides a 100% share into the Bosoto (Pty) Ltd. which retains the brand new BK16 kimberlite enterprise regarding Orapa Kimberlite Field (OKF) inside the Botswana plus the PL diamond prospection license and about OKF. The firm possess a 100% risk in its Gcwihaba project urban area consisting of five steel (foot, beloved, precious metal group, and you will rare earth) to generate leads licenses the found in the Northern-Western district away from Botswana. The business has a hundred% demand for the Newdico commercial brick enterprise located in Botswana’s Main Section. Total oversight of the Businesses exploration system ‘s the duty away from McDonald Kahari (Pr. Sci. Nat.) a good “accredited individual” as such identity is placed within the National Device 43-101.

Which pr release could possibly get contain submit-looking statements. All statements, except that statements from historical fact, you to address circumstances, occurrences or advancements the Providers thinks, anticipates otherwise needs tend to or may occur later on (as well as, rather than restriction, statements around the utilization of continues, the new feeling from proper partnerships and you may statements one to define the company’s coming preparations, objectives otherwise goals) is send-searching statements. These types of submit-appearing statements mirror the current standard or viewpoints of Company considering advice on the market today into Team. Forward-lookin comments are susceptible to numerous dangers and concerns that may cause the real results of the organization to disagree materially out-of men and women discussed about give- looking comments, plus when the including actual results are knew otherwise substantially understood, there clearly was zero promise that they will feel the asked consequences in order to, or outcomes towards Company. Facts which could cause actual performance otherwise events to disagree materially out of newest standards include, among other things, changes in security areas, alterations in standard economic conditions, ents from inside the Botswana and you can encompassing regions, changes to laws affecting the business’s affairs, concerns concerning the availableness and can cost you regarding funding needed in tomorrow, mining and you may advancement dangers, new concerns involved in interpreting mining performance therefore the almost every other risks active in the mineral mining company. Any submit-searching report talks only as of the latest day on which they is generated and you can, but as may be needed by the relevant ties rules, the company disclaims one purpose otherwise obligation so you can change one forward-looking statement, whether right down to this new pointers, future situations or performance if not. Whilst the Company thinks the assumptions built-in on the give-lookin comments try sensible, forward-lookin comments commonly a promise off future efficiency and properly unnecessary reliance should not be wear particularly statements due to the inherent uncertainty therein.

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