1、A N N U A LR E P O R T 2 0 0 5c3tsodilo resources limited112111111121111131611113 3 51191900S2000S2100E2200E2300E4400004600005200005400005600005800006000006200006400006600006800007000007200007400005000004800007920000794000078800007900000784000078600007800000782000077600007780000770000077200007740000
2、79600007980000Ngamiland Project Botswana Soil sampling results 5x5 grid and 2004 airborne magnetic anomaly programsLegendIlmenite OccurrenceGarnet OccurrenceSample Location:No Kimss2x2 Grid OutlineOutline of Newdico PLSOutline of Gcwihaba PLSdrainage polygonbotswana borderk-border projectroads arcrd
3、 1m arcNAMIBIANEWDICOBOTSWANAGCWIHABAPresidents Message to Shareholders1Newdico Proprietary Limited-Botswana1Gcwihaba Resources Proprietary Limited-Botswana3Managements Discussion and Analysis of Financial Results5Financial Reporting Responsibility of Management11Auditors Report to the Shareholders
4、11Consolidated Financial Statements/Notes12Corporate InformationIBCContents1tsodilo resources limitedThirteen ground geophysical grids completed to define drill targetsA series of ground gravity and magnetic grid surveys was completed over the above positive KIM anomalies as well asover a further se
5、lection of airborne magnetic targets.Six ofthese grids,each covering 1 kilometer by 1 kilometer werecompleted in the Nxau Nxau area,three further grids in theGuma area and four grids on a group of anomalies 40 kilome-ters due west of the Tsodilo Hills.Evaluation of possible paleo drainage channels o
6、n the borderwith NamibiaA gravity traverse along a 30 kilometer section of the Botswanaborder fence with Namibia,from the foothills of the Aha Hills,was surveyed to determine the possible presence of any alluvialpaleo drainage channels in the bedrock below the Kalaharicover.This section is marked by