Tsodilo Resources Limited (TSD.V) 2008年年度报告「TSX-V」.pdf

1、Annual Report 2008Tsodilo Resources Limite ed1tsodilo resources limitedPresidents MessageFellow Shareholders,On behalf of the board of directors,I am pleased to provide this report of Tsodilo Resources Limited(“Tsodilo”or the“Company”)progress together with the audited financials for the year ended

2、December 31,2008.December of 2008,if not most of 2008,will be a period we will all remember for some time.The revelation that the United States,the world s economic engine,had been in recession since December of 2007 along with the fact that U.S.manufacturing had hit a 26-year low was enough reason

3、to add velocity to the already declining equity markets throughout the world.The credit crunch that began in 2007 became an economic disaster in 2008.The economy in 2008 will be referred to as a global financial“meltdown”.All segments of the mining industry were affected from international mining co

4、nglomerates to junior mining companies.Commodity prices have declined,mines have closed and many exploration companies have effectively ceased to exist.I am pleased to announce that as a result of our prior year s decision to purchase our own drill rig and geophysical survey equipment,we were able t

5、o conduct our exploration program without interruption throughout the year.The chemical analysis of kimberlite indicator minerals was completed on our most prospective kimberlites and those results are currently being reviewed and interpreted.We have made tremendous strides in our base metals projec

6、ts and drilling in 2008 has intersected massive sulfides containing confirmed copper nickel cobalt mineralization throughout our licenses blocks.During the past year,the Company funded exploration activity by raising funds in the capital markets through the successful issuance of stock by way of pri