1、Tsodilo Resources Limited Annual Report 2022TSODILO RESOURCES LIMITED Managements Discussion and Analysis The Managements Discussion and Analysis has been authorized for release by the Companys Board of Directors on May 1,20231Managements Discussion and Analysis This managements discussion and analy
2、sis(“MD&A”)should be read in conjunction with the consolidated financial statements of the Company and the notes thereto for the years ended December 31,2022 and 2021.The Companys consolidated financial statements are prepared in accordance with International Financial Reporting Standards(IFRS).The
3、Companys functional and reporting currency is United States dollars and all amounts stated are in United States dollar unless otherwise noted.In addition,the Company has three Botswana operating subsidiaries,Newdico(Pty)Ltd.,Gcwihaba Resources(Pty)Ltd.and Bosoto(Pty)Ltd.which have a functional curre
4、ncy of the Botswana Pula.This managements discussion and analysis has been prepared as at May 1,2023.Disclosure of a scientific or technical nature in the MD&A was prepared under the supervision of Mr.Macdonald Kahari,the Companys Qualified Person,as that term is defined in National Instrument 43-10
5、1.Some of the statements in this MD&A are forward-looking statements that are subject to risk factors set out in the cautionary note contained herein.Additional information about the Company and its business activities is available on SEDAR at .OVERVIEW Tsodilo Resources Limited(“Tsodilo”or the“Comp
6、any”)was organized under the laws of the Province of Ontario in 1996 and continued under the laws of the Yukon in 2002.It is incorporated under laws of the Yukon Territory,Canada,under the Business Corporations Act of Yukon and the address of the Companys registered office is 1 King Street West,48th