Tsodilo Resources Limited (TSD.V) 2009年年度报告「TSX-V」.pdf

1、Annual Report 2009tsodilo resources dlimitedesourcesesources1tsodilo resources limitedPresident s 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 fo

2、r the year ended December 31,2009.2009 was a challenging yet defining year for the Company.During the year we focused on positioning the Company for the future by diligently executing the strategic initiatives outlined in the beginning of the year.The recession continued into 2009 and its impact on

3、the global capital markets impacted the entire resource sector.Commodity prices began to recover during the year but this has not yet translated into increased exploration activities as the capital markets have not yet recovered,many other companies exploration programs have been effectively abandon

4、ed due to lack of funds.However,our decision in 2006 to acquire our own drill rig and geophysical survey equipment allowed us to continue our exploration activities without delay or interruption during these difficult economic times.We expect to accelerate our exploration,analysis and evaluation act

5、ivities in 2010.The planned acquisition of an additional drill rig will allow us to more than double our current meters drilled and we expect to test five to seven kimberlites for micro-diamonds in the first half of the year.Sample preparation,petrography and assaying are all ongoing on our metals p

6、rojects and an active exploration program is planned on those projects.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 private placements.This process will continue in the coming year.Our current