Tsodilo Resources Limited Initiates Studies for the Preliminary Economic Assessment for the High-Grade Xaudum Iron Project in Botswana
Geotechnical Test-Works
34 samples from the main XIF geological domains that will comprise the majority of the envisioned pit walls have been sent for geotechnical test-work to the Department of Mining and Geological Engineering at BIUST.
Laboratory tests to be conducted:
18 samples will undergo Unconfined Compressive Strength ( UCS ) testing. UCS tests the maximum axial compressive stress that a specimen can bear under zero confining stress. USC testing is a common test to understand the rock strength of a sample, and is widely used in geotechnical design for establishing an overall RMR for pit design;
Tsodilo Resources Limited Commences Preliminary Economic Assessment at Its High-Grade Xaudum Iron Project in Botswana streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
TORONTO, ONTARIO - Tsodilo Resources Limited ( Tsodilo or the Company ) (TSX-V: TSD) (OTQB: TSDRF) (FSE: TZO) is pleased to announce that it has received approval to begin trading on the OTCQB Venture Market OTCQB under the symbol TSDRF as of the beginning of trading on March 4, 2021. The OTCQB offers developing Canadian companies the benefits of being publicly traded in the U.S. with lower cost and complexity than a U.S. exchange listing. Streamlined market standards enable Canadian companies to provide a strong baseline of transparency to inform and engage U.S. investors. To be eligible, Canadian companies must be current in their SEDAR reporting and undergo an annual verification and management certification process.
Tsodilo Resources Limited Closes Second and Final Tranche of Private Placement Financing for Units
TORONTO, ON / ACCESSWIRE / February 10, 2021 / Tsodilo Resources Limited ( Tsodilo or the Company ) (TSXV:TSD) is pleased to announce the closing of the second and final tranche of the previously announced private placement financing (the Financing ) for gross proceeds to the Company of $150,000 on February 10, 2021, through the issuance of 300,000 units of securities of the Company (the Units ) at a subscription price of C$0.50 per Unit.
As previously announced, each Unit is comprised of one common share in the capital of the Company ( Common Share ) and one common share purchase warrant ( Warrant ). Each Warrant entitles the holder thereof to purchase one Common Share for a period of 24 months from the date of issuance at an exercise price of USD$0.55.