Tsodilo Resources is continuing its research collaboration with the Botswana International University of Science and Technology (BIUST) to explore high-value utilization of Botswana iron ore. The project focuses on testing the technical feasibility of producing pig iron and DRI-quality pellet feed using local resources like coal and magnetite.
Tsodilo Resources has successfully renewed five prospecting licenses in Botswana and resolved a pending contempt motion. The company also restated its existing Inferred Mineral Resource for the Xaudum Iron Formation (Block 1), which contains 441 Mt at 29.4% Fe.
Tsodilo Resources announced that the appeal period regarding its Gcwihaba prospecting licenses in Botswana has lapsed, providing legal clarity. The company also restated its historical Xaudum Iron Formation (XIF) resource and metallurgical recovery results.
Tsodilo Resources has filed an interlocutory application in the Botswana High Court to compel the Minister of Minerals and Energy to comply with a court judgment regarding the renewal of its prospecting licenses. The company also provided an overview of its Xaudum Iron Formation (XIF) project, which includes a historical 441 Mt Inferred resource.
