Tsodilo

completed

Tsodilo Resources Limited (the “Company” or "Tsodilo") is a Toronto Stock Venture Exchange listed exploration company. The company’s main project (the “Project”) involves the exploration of diamonds and metal (base and precious metals, platinum group minerals and rare earth elements) in the northwestern part of Botswana. The base metal licenses covers an area of approximately 13,500 km2 while the diamond licenses cover a total area of approximately 16,250 km2 that includes the southern part of the Angola/Congo craton in Botswana.  Exploration for diamonds is centered on an area where a previous exploration program discovered 19 kimberlites, some of which diamond are bearing. Tsodilo has since discovered a further 9 kimberlites, bringing the total number of known kimberlites in this field to 28. The company believes their license areas could be a potential source of the unexplained G10 kimberlite indicator mineral (“KIM”) and diamond deposits found west of their licenses in Namibia.  The company is also exploring for base metals and has identified a mineralized zone stretching 100 km. Assaying to determine the base metal content of the drilled cores is still outstanding. However, visual examination indicates high copper/nickel mineralization with grades and thickness yet to be confirmed by assaying. Assays and metallurgical test work is planned as part of the program for this year. Confirmation of mineralization will very likely confirm the potential for a big project with a high upside. Tsodilo is seeking IFC’s engagement to assist in funding the continued exploration of the project to reach a scoping study stage over the next two years; and to provide environmental and social technical assistance to help develop the project in line with industry best practices. In line with similar previous IFC investments, this Environmental and Social Review Summary (“ESRS”) only covers Tsodilo’s exploration activities as no mining activities have been implemented or planned to date.