Tsodilo Resources Limited (TSD.V) 2011年年度报告「TSX-V」.pdf

1、Tsodilo Resources Limited2011 Annual Report Annual Report 2011 Tsodilo Resources Limited1tsodilo resources limitedPresident s MessageDear Shareholders,On behalf of the board of directors,I am pleased to provide the annual report of Tsodilo Resources Limited(“Tsodilo”or the“Company”)recording the Com

2、pany s progress together with the audited financials for the year ending December 31,2011.The metal commodity markets recovered signifiantly in 2011 and during this period the Company was able to complete the first of its strategic objectives on its metal mineral projects.Phase 1,reconnaissance dril

3、ling,was completed in 2011 and mineralized zones were identified in several key areas.The next twelve months will be used to refine the geological models and mineralisation styles of these targets.The rough diamonds also saw a remarkable upswing in their prices but despite these improvements the gen

4、eral appetite for greenfields diamond exploration remains low.However,the Company will continue the exploration for new kimberlites and complete the first-stage evaluation of two of its kimberlites.The privilidged and advantageous position in which the Company is finding itself is having two drill r

5、igs and fully equipped ground magnetic teams on site which means that considerable progress has been made with the exploration work program at a relatively low-cost.Sample preparation is ongoing and split cores are sent to an accredited laboratory in Johannesburg on a continous basis and the turn ar

6、ound time is generallyless than two months.The newly acquired computer modelling program is being updated continously as new data and results become available and provides the Company with capabilities to review its geological database in 3D.Exploration activites were accelerated in 2011 and we expe