The Botswana Ministry of Mineral Resources, Green Technology, and Energy Security has issued the license renewal for Tsodilo Resources which is valid for two years beginning October 1 this year.
The TSX-V company’s renewed licence covers an area that includes the firm’s BK16 kimberlite asset.
The diamondiferous BK16 kimberlite pipe is located within the Orapa Kimberlite Field (OKF) and contains rare and valuable Type IIa diamonds.
The OKF has previously produced notable diamonds, such as the 1 109 ct ‘Lesedi La Rona’ and the 813 ct ‘Constellation’ from Lucara Diamond Corporation’s Karowe mine.
Tsodilo chairperson and CEO James Bruchs says the licence renewal will allow Tsodilo to move into its Phase 2 evaluation programme. The programme will include a surface bulk sample of 20 000 t of kimberlite, which will enhance the work already undertaken and increase confidence in the value of the diamonds and grade as the miner moves closer to developing this asset