botswana resource conference 26june2012 ws

7/25/2019 Botswana Resource Conference 26June2012 Ws

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1

Geology and MINERALIZATION of

Ngamiland - Tsodilo Resources Ltd

Mike de Wit

President

Botswana Resource Sector Conference

Gaborone26thJune 2012


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National Instrument 43-101 - Standards of Disclosure for Mineral Projects, Form 43-101F1 and Companion Policy

43-101CP requires that the following disclosure be made: All references contained herein with respect to the

potential quantity and grade derived by any method is at this stage of development conceptual in nature. At the

present time, there has been insufficient exploration to define a mineral resource and it is uncertain if further

exploration will result in the target being delineated as a mineral resource.

This presentation contains forward-looking statements. All statements, other than statements of historical fact,

that address activities, events or developments that the Company believes, expects or anticipates will or may

occur in the future (including, without limitation, statements relating to the development of the Company's

projects) are forward-looking statements. These forward-looking statements reflect the current expectations or

beliefs of the Company based on information currently available to the Company. Forward-looking statements aresubject to a number of risks and uncertainties that may cause the actual results of the Company to differ

materially from those discussed in the forward-looking statements, and even if such actual results are realized or

substantially realized, there can be no assurance that they will have the expected consequences to, or effects on

the Company. Factors that could cause actual results or events to differ materially from current expectations

include, among other things, changes in equity markets, political developments in Botswana and surrounding

countries, changes to regulations affecting the Company's activities, uncertainties relating to the availability and

costs of financing needed in the future, the uncertainties involved in interpreting exploration results and the other

risks involved in the mineral exploration business. Any forward-looking statement speaks only as of the date on

which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent

or obligation to update any forward-looking statement, whether as a result of new information, future events or

results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking

statements are reasonable, forward-looking statements are not guarantees of future performance and

accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Important notice

2


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1995: Trans Hex International founded (subsidiary of Trans Hex Group)

2002: re-named Tsodilo Resources Limited

Canadian Registered

TSX listed 1995: TSX V listed 2001

26,230,970 shares issued and outstanding

32,028,672 fully diluted common shares Principal Shareholders (Beneficially Owned, Controlled or Directed):

Market Capitalization $26M CAD

Azur LLC 4,996,065 (19.04%)

International Finance Corporation (World Bank) 2,702,702 (10.30%)

David Cushing 2,460,501 (9.38%)

James Bruchs 2,232,119 (8.51%)

Company Details

3


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Tsodilo ResourcesLtd

Tsodilo ResourcesBermuda Ltd

100% Owned

Bosoto (Pty) Ltd

100% Owned

GcwihabaResources (Pty) Ltd

100% Owned

Newdico (Pty) Ltd

97% owned

Rights to: Precious Stones

(Diamonds)

Rights to: Precious Stones,

Base and Precious

Metals

Radioactiveminerals

TSX-V Listed

Botswana

Operating

Companies

Corporate structure

4


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James M. Bruchs, JD * Director, Chairman & CEO

David J. Cushing, JD Director

Dr. Mike de Wit, PhD (Geology) * Director, President & COO

Dr. Murray W. Hitzman, PhD (Geology) Director

Jonathan R. Kelafant, BSc, MSc (Geology) Director

Patrick C. McGinley, JD Director

Experienced Board and Officers

5

*Executive Directors


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6

0

5

10

15

20

25

22

96

1

2

1

2

Ex-pat

Motswana

87% (38)

13% (5)

Botswana work force


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Tsodilo - Resources Targets

The Company license blocks contain a number of economically

attractive exploration targets:

IronDemonstrated Magnetite Fe Formation at base of Grand Conglomerate

Copper (cobalt) Potential for Copperbelt-style deposits at multiplestratigraphic levels, spatially associated with faults/trusts

Copper-Gold-IronDemonstrated Cu-Fe-Au skarns associated with ~535 Maintrusions (IOCG?).

DiamondsKimberlites with micro-diamonds have been defined

UraniumAnomalous U values in meta-sediments and recent calcretes


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8

Angola

Zambia

Au

Cu

FeTsodilo

Namibia

Botswana

Company Permits in Regional Context


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9

Damara Belt

Copper Belt


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1. Total MagneticIntensity on 250 m

line spacing

2. Detailed VTEMdata over large

block

Area interest

10

Initial data sets for Explorat


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11

Enhancing AM:

In house Walk-Mags 25 - 50m line spacing

2011 2010

6252 line kms 7400 line kms

541 km 265 km

Supplemented by Detailed Ground Geophysics..


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Tsodilo 6x6 diamond rigs:

2x Atlas Copco rigs 6x6

2x Water bowser 6x6

2x Fuel Bowser 6x6 2x Rod carier 6x6

12

Holes drilled:

128 holes

20.8 km of core

(excluding kimberlite)

.and drilling (Vertical & inclinded)


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Maun Base In storage:

28.9 kilometers of

core

13

2011:

14 600 samples

consigned for assaying


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14

2012 Licences

TsodilosMetal Permits: 14 900km


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Neoproterozoic Copperbelt Basins of Southern Africa

Drilling indicates that the Central African Copperbelt basins extend

southward into NE Botswana


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Geological model - targets for Fe & Cu

Company PLs cover large areas of

previously unknown NeoproterozoicKatangan sedimentary rocks:

similar to the DRC/Zambian Copper Belt

These rocks contain several target types:

IronRapitan-type Fe Formation at base ofGrand Conglomerate

Copper (cobalt) Copperbelt-stylemineralistion at multiple stratigraphic levels

Fe

Cu

Cu

Cu

Cu


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Stratigraphy & Main Deposits in the Copper Belt Basins

Drilling indicates that Tsodiloslicenses contains similar stratigraphy


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1. Basement Rocks

Mainly Granitic-Gneiss and Quartz Schist- dated - 2.6 Ba


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2. Lower Roan Sandstones & Conglomerates

Lower Roan exposed in the Tsodilo Hills to the west - not yet intersected.


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3. Upper Roan Carbonates & Evaporites

Breccia of dolomite and phlogopite with carbonate clasts typical ofthe breccias observed in DRC/Zambia after evaporites (anhydrite-halite).

Banded limestones with evaporite nodules replaced by carbonateminerals


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Originally shales and siltstones; Commonly garnetiferous (upper Mwashya),graphitic, and contain sulfides (py, po, cpy)

4. Mwashya Phyllites & Schists


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5. Grand Conglomerate

Regional marker in Neoproterozoic Basins

Related to global glaciation? Snowball earth


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6. Kakontwe Limestone

Relatively massive, clean limestone bed - cap carbonate unit


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Iron Formations

Rapitan-

type Fe

Tonnesofiron

formation

Lake Superior-

type Fe

Most Fe formations formed between

2500 - 1900 Ma - Lake Superior-type

Another period of Fe formation was

around 750 Ma - Rapitan-type

Examples:

Rapitan deposit, Canada: 18.6 billion

tonnes of 47% Fe

Matto Grosso, Brazil: 36 billion tonnes

of 50% Fe

Damara-Katangan, southern Africa:

Small deposits - prior to Xaudum

Associated with glacial sediments

(Snowball Earth) deposited instructurally controlled basins

Contains more manganese than the

older iron deposits

R it I


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Rapitan-type Fe Formation at base of Grand

Conglomerate.

Fe

Rapitan Iron(Xaudum Fe-magnetite)


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26

5km

From AM, High

Resolution Ground

Magnetics & Drilling

to Geological Model

X d F M tit F ti


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Xaudum Fe- Magnetite Formation

Iron Formation occurswithin the base of theGrand Conglomerate

It extends forapproximately 35 km NS.

Appears to be locatedalong a major fault zonewith exposures of

basement

Iron

Formation

35 km

TSODILO RESOURCES LIMITED

I t b dd d B d d M tit & di i tit


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TSODILO RESOURCES LIMITEDInterbedded Banded Magnetite & diamictites

28


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L9600/11 L9600/12 L9600/10 L9600/13

36%

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Intersection Fe% Al2O3% SiO2% P%

44m 35-52.2 0.12-3.01 9.5-18.6 0.17-0.43

Intersection Fe% Al2O3% SiO2% P%

140m 30-52 0.1-3.6 9-11 0.07-0.5

l


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30500m

400m

100m

0

300m

200m

Schist/Diamictite

with Magnetitebands

Magnetite with

occasional schist

bands

Hole 1821B112V

Massive

MagnetiteChalcopyrite

D i T b R T


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31

Sample Size fraction Fe Grade (%) SiO2 Al2O3 P LOI

9600/10 (149.5-150.5) 75m 69.5 3.47 0.19 0.028 -3.25

9600/10 (149.5-150.5) 45m 70.9 1.92 0.18 0.020 -3.32

9600/11 A (98.499) 75m 69.6 3.27 0.20 0.045 -3.26

9600/11 A (98.499) 45m 70.6 1.89 0.20 0.027 -3.24

9600/11 B (103.3103.7) 75m 70.0 2.69 0.08 0.043 -3.29

9600/11 B (103.3103.7) 45m 71.8 0.92 0.05 0.023 -3.35

Most of the iron is recovered in the mag fraction (so low hematite).

The 75 micron grind results are almost same as 45 micron grind

The DTR grade of Fe is generally 70% plus

Davis Tube Recovery Tests

N t t


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Geological Modelling

using Gocad

32

Assaying & Davis

Tube Recovery Tests

Continued detaileddrilling First stage resource model

Detailed ground

geophysics

Trenches in Shakawe

quarry

Next steps Thick, high grade magnetite ironformation in east

Great target for high-grade, thick

magnetite iron formation

Preparatory Survey for Southern Africa


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33

Preparatory Survey for Southern Africa

Integrated Regional Transport Program

200 km

Xaudum Fe projectTsumeb

Grootfontein

Walvis Bay

Copper Copper Belt-style mineralisation at several


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Copper

(sedimentary rock-hosted)

Cu

Cu

Cu

Cu

Copper Belt style mineralisation at severalstratigraphic levels; associated with faults.

The stratigraphy and structure of the Tsodiloground is highly permissive for significant

deposits

Copperhas been found in several drill holes

Hydrothermal alteration, similar to that

observed in Zambia and DRC

Soil geochemistry is ineffective (which hasfound all major copper deposits in the CopperBelt) and no outcrop.

Geophysics not always effective to find CopperBelt orebodies

Drilling & geophysics and good geological

understandingthe most effective exploration

Mwashya meta-sediments


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35

Ironstone

Sedimentary Cu

Mwashya meta sediments

EM Section

Mwashya Shale Belt on East West EM line


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Mwashya Shale Belt on East-West EM line

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Dipping Condutors

Mineralised graphitic black shales & metapelites.

Sulphides

Stratigraphic Targets for Copper Deposits


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Stratigraphic Targets for Copper Deposits

Cu

Cu

Cu

Cu

Drilling indicates:

Several lithologies with high contained carbonaceous material (carbon); thepresence of evaporites

Sulfides within the stratigraphy capable of acting as a reductant

?


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cpy

po

py

Pyrite (py) replacing pyrrhotite (po).

Chalcopyrite (cpy) is also in the

association. Plane-polarized reflected light.

Sample A (9670/9, 229 m).

Cu

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Autebi

Replacement of calcite (Cc) by pyrrhotite

(Po). Note the occurrence of gold (Au),hessite (hs), bismuth tellurides (tebi) and

altaite (alt). L9670/9, 316,61 m depth.

Cc

Po

he

alt

Au

Ag

Visible Gold traces

39

Sepupa Skarns


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40

Sepupa Skarns

Ironstone

Skarns

Sedimentary Cu

Sepupa Skarn Deposits


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Airborne magnetics

1822C10

Sepupa Skarn Deposits

Ironstone

1822C27

1822C2610 km

Sepupa Skarns

Meta-basites

(Gabbro) 53536Ma

Sepupa Skarn targets 1822 C26 & 1822 C27


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Sepupa Skarn targets 1822 C26 & 1822 C27

564 ppm

Ni

4073 ppm

Cu

0.17% Ce

0.12% La

0.09 ppm Au

392 ppm V

1822C271822C26

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C26 & C27: Gravity/Magnetics with selected assays


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250 0 250

(meters)

WGS84 /UTMzone 34S

1st Vertical Derivative

1822C26&27

-0 .0 0 2 2 -0 .0 0 11 -0 .0 0 08 -0 .0 0 05 -0 .0 0 03 0 . 00 0 1 0. 0 00 5 0 .0 0 08 0 . 0 01 2 0 .0 0 16 0 . 00 2 0

mGals/m

7919200

7919600

7920000

7920400

7920800

7921200

7921600

7922000

791

92

00

791

9600

792

0000

792

04

00

792

0800

79212

00

7921

600

7922

000

622400 622800 623200 623600 624000 624400

622400 622800 623200 623600 624000 624400

-1848'

-1848'

2210'

2210'

Bouger gravity

C27/2

C27/3

C27/4 C27/5

C26

/ T

7919200

7919600

7920000

7920400

792

0800

7921200

7921600

7922000

791

92

00

791

9600

792

0000

792

04

00

792

0

800

79212

00

7921

600

7922

000

622400 622800 623200 623600 624000 624400

-1848'

-1848'

2210'

'

C27/2

C27/3

C27/4

C27/5

C26

Ground Magnetics

Cu 0.4 %

Co 0.016 %Ni 0.056 %

Fe 28 %

Ag 2g/t

Cu 0.03 %

Co 0.002 %

Ni 0.01 %Fe 6 %

Ag 0.6g/t

Cu 0.26 %

Co 0.03 %

Ni 0.04 %

Fe 61 %

Ag 2.3g/t

C26 & C27: Gravity/Magnetics with selected assays

Cu 0.02 %

Co 0.002 %

Ni 0.01 %

Fe 5.6 %

Ag 1.3g/t

C27: Gravity & Magnetic models


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44

Causative source of the gravity anomaly (blue) ~87m below the magnetic anomaly (green)

It is shifted westward relative to the magnetic body

C27: Gravity & Magnetic models

1822C10


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45

1822C10

2000

7942

606000 606500 607000 607500 608000 608500 609000 609500 6100002201' 2202'

C 0 02 % C10: 1st Phase Drilling


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7938000

79385

00

7939000

7939500

7940000

7940500

79

41000

7941500

7942

7938000

79

38500

7939000

7939500

7940000

7940500

79410

00

7941500

2000

606000 606500 607000 607500 608000 608500 609000 609500 610000

-1838'

-1837'

-1838'

-1837'

2201' 2202'

12_4

1822D12_2

1822C10_1

1822D12_3

L9761_5

L9770_1

1822C10_2

1822C24

1822C11

250 0 250

(meters)

WGS 84/ UTM zone34S

-127.7 -95.3 -88.7 -85.7 -83.1 -80.6 -77.9 -74.7 -70.9 -67.3 -62.2 -49.4 -9.3

Total Magnetic Intensity

Cu 0.044 %

Co 0.016 %

Ni 0.056 %

Fe 61 %

Ag 2g/t

Cu 0.11 %

Zn 0.026 %

Ni 0.013 %Cu 0.014 %

Zn 0.014 %Ni 0.02 %

Cu 0.02 %

Cu 0.027 %

Zn 0.01 %

Ni 0.01 %

Ag 1.6 gpt

Cu 0.02 %

Zn 0.003 %

Ni 0.003 %

C10: 1stPhase Drilling

0.5 km

Summary: Metal projects


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40 ppm U

0.03 ppm Au

1.6 ppm Ag

Intersections up to 140m

High % Fe; Low Contaminants

Elevated levels of Au, Co, V

2.4% Cu0.02% Ni

0.04% Zn

0.03% V

0.4% Cu

0.06% Ni

0.17% Ce

0.09 ppm Au

61% Fe

MAB

Summary: Metal projects

Magnetite Deposit

Mwashya Seds

Sepupa

skarns

(IOCG)

Diamonds


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MT data: Tsodilo PLs are on the edge of the Congo Craton

Basement ages of 2.6Ba: in several Tsodilosboreholes

Also the best kimberlites should be on thicker craton.

Diamonds: Kimberlite drilling


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g

Nxau Nxau

Kimberlite cluster

IMPROVEDPOTANT

IAL

Targets

49

Nxau Nxau cluster


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50

Kimberlites K10 & K11; Target B7


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K10 (B5):

14 microdiamonds

from 221kg

51

; g

Uranium


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Uranium

Union Carbide

1980 Uranium Licences

Discovered significant radiometric U anomalies on main drainages

Water and drill samples of calcrete produced upto 100 ppm U 52

Uranium: Targets & Drilling results


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53

U ppm/sample

g g

1980: Union Carbide

recovered 100 ppm U

in calcrete samples in

recent drainages Palaeo-drainages:

U targets

U in meta-

sediments

Ngamiland projects


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Base & Precious metals Geology Major

Xaudum Magnetic Fe Deposit BIF Magnetite Fe (Co, Ag)Sepupa Skarns Skarn complex: IOCG? Cu (Ni, Au, Fe)

Mwashya Cu-Shales Sedimentary stratiform copper Cu (Co)

Diamonds Geology MajorK10 & K11 Kimberlite - evaluation Diamonds

NW Ngamiland targets Kimberlite - exploration Diamonds

Uranium Geology Major

Secondary meta-sediments Meta-pelites in shale basin U

Secondary duricrusts Valley calcretes U

Ngamiland projects

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Tsodilo project


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Tsodilo project

Exploration program over defined exploration targets

Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13

Drilling

Assay

HRG Magnetics

Ground Gravity

Xaudum Fe project

Sed. Copper project

Kimberlite project

ITR

1ststage Eval

Exploration

Sepupa Skarn project Exploration

U project Exploration

Summary


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1. Three metal areas identified on TsodilosPLs(14 900km):

Xaudium Magnetite BIF: Fe grades ~70% & anomalous Ag, Co, Mo, U, V. Belt 35 x 5km.

ITR by Q1 2013

Copper Belt-type mineralisation: stratabound Cu(Co) & (Ni) in meta-sediments. Belt

~90km long, 30 and 40km wide.

Sepupa Skarn-type: Demonstrated Cu-Fe-Au skarns associated with ~535 Ma intrusions

(IOCG)

2. Kimberlite exploration (7 300km) continuous with:

Evaluation of K10 & K11

Targets in the most northern licences

3. Uranium (7 000km) will focus on:

Duricrusts within the regional geomorphology

botswana resource conference 26june2012 ws

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