Name of the Project
Xaudum Iron Formation (XIF) project.

Location
North-West District of Botswana.

Project Owner/s
Tsodilo Resources, through its wholly owned subsidiary Gcwihaba Resources.

Project Description
The project has the potential to be the first iron deposit to be considered for development in Botswana. 

Preliminary work on the XIF project has defined a Canada Institute of Mining-compliant inferred mineral resource estimate for the Block 1 magnetite XIF of 441-million tonnes with an average grade of 29.4% iron, 41% silicone dioxide, 6.1% aluminium oxide and 0.3% phosphorous.

Block 1 is a fraction of the potential XIF magnetite resource. An extrapolated exploration target has defined the XIF to be five- to seven-billion tonnes at 15% to 40% iron.

The preliminary economic assessment on the project will evaluate several options for the development of the project at a variety of scales, including:

• nontraditional, but potentially profitable, small-scale startup mining production options, such as ferrosilicon production from magnetite concentrate;
• midsize scenarios, whereby magnetite concentrate will be processed through a concentrator and transported to a railhead and onto port facilities;
• large-scale mining options, where full-scale mining will modify the pellets that will then be transported to port facilities.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
Not stated.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
SRK Consulting (technical report).

Contact Details for Project Information
Tsodilo Resources, email info@TsodiloResources.com.