PROJECT

Projects

Environmental & Social Review Summary

Project Number

29378

Company Name

Tsodilo Resources Limited

Date ESRS Disclosed

May 10, 2010

Country

Botswana

Region

Africa

Last Updated Date

Jun 3, 2021

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jun 23, 2010
Signed : Jun 24, 2010
Invested : Jun 29, 2010

Sector

Copper

Industry

Metals and Mining

Department

Gbl Infrastructure & Natural Resources

Project Description

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.

Overview of IFC's Scope of Review

The review of this project consisted of appraising environmental, health, safety and social information provided by Tsodilo Resources Limited (the “Company” or "Tsodilo"), and assessing the Company’s exploration operations through IFC’s appraisal of this project which included two field visits by IFC Environmental and Social Specialists as follows:

site visit to the current Shakawe drilling site in December 2009, a meeting with the local chief at Sepupo (Chief Nkape) and his councilors, and review of Newdico (Pty) Limited and Gcwihaba Resources (Pty) Limited Environmental Guidelines and Code of Conduct;
site visit by IFC Social Development Specialists at the end of March/beginning of April 2010 to conduct consultations and interviews with local government officials in Gumare (administrative center of northwest Ngamiland) and with community and household representatives in villages in the Ngamiland region of the company’s operations (including Sepupo, Nxau Nxau and Tsodilo). Representatives of the Batswana, San (Basarwa or Bushmen) or Herero and Hambakushu ethnic groups in the Ngamiland area were also consulted. IFC staff also conducted meetings with management and key technical staff from Tsodilo.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Client Documentation

File Name Actions
Tsodilo_ESAP_Final_May 10.10.pdf