Feasibility study for the Trans-Zambezi Railway Extension Grootfontein-Rundu-Katima Mulilo
Tsodilo Resources Limited (“Tsodilo” or the “Company”) (TSX-V: TSD) (OTCQB: TSDRF) (FSE: TZO) as informed by the Ministry of Works and Transport (Namibia) is pleased to announce that the Final Feasibility Study (“FFS” or the “Study”) for the Trans-Zambezi Railway Extension Grootfontein-Rundu-Katima Mulilo has been completed.
The Study involved the construction of the Trans-Zambezi Railway extension from Grootfontein to Katima Mulilo via Rundu in Namibia and is part of a multinational railway line between Namibia and Zambia via the Zambezi region. The FFS was conducted by M R Technofin Consultants Ltd (Canada) and co-funded by the Government of the Republic of Namibia and the African Development Bank. The FFS was submitted to the Ministry of Works and Transport, Government of Republic of Namibia.
The cross-border rail project aims to link new mines and mining activities to the railway network along the Walvis Bay – Ndola – Lubumbashi Development Corridor to enable transportation of minerals from the Copperbelt to Walvis Bay. This corridor is perfectly positioned to service the two-way trade between the SADC region and Europe, North and South America and emerging markets in the East, see Figure 1 for a regional context to this important transport corridor.
“The proposed rail extension is an important development for Tsodilo as it opens up a proximate rail transportation system for the delivery of our Xaudum Iron Formation project’s potential iron products, such as iron concentrate, iron pellets, potential direct reduced iron (DRI) products, and Ferrosilicone (FeSi), throughout central, eastern and southern Africa as well as international markets” and we are encouraged by the study’s findings set forth in the report as “The key conclusion of the assignment is that the proposed 772 km Greenfield line is viable from a technical, environmental, legal, financial, and economic standpoint and should move forward. (Volume II, Section 7, page 99) [emphasis added]” commented the Company’s Chairman and CEO, James M. Bruchs.
The proposed rail extension between Grootfontein and Katima Mulilo is significant as the extension is planned to pass through Divundu in Namibia which is located 35km (22 miles) from our license location in Northern Botswana, see Figure 2. The Trans-Zambezi Railway extension feasibility study can be viewed in its entirety at: https://tsodiloresources.com/s/Metals-671052.asp.html.
