Tsodilo Resources Limited (Tsodilo) is a Canada-based exploration-stage company. The Company is engaged principally in the acquisition, exploration and development of mineral properties in the Republic of Botswana. Tsodilo has an approximate 98% operating interest in its Botswana subsidiary, Newdico (Proprietary) Limited (Newdico), which holds one prospecting license covering approximately 851 square kilometers in northwest Botswana. Its subsidiary, Gcwihaba Resources (PTY) Limited (Gcwihaba), has one diamond prospecting license covering approximately 494 square kilometers, 22 metal (base, precious, platinum group and rare earth) licenses covering around 1,244.8 square kilometers and eight radioactive minerals licenses in renewal. It has around 75% interest in its wholly owned Botswana subsidiary, Bosoto (Pty) Limited, which holds the precious stone prospecting license for the area which contains the BK16 kimberlite.