Tsodilo Resources Limited (Tsodilo) is an exploration-stage company. Tsodilo is engaged in the acquisition, exploration and development of mineral properties in the Republic of Botswana. As of December 31, 2011, it had a 97% operating interest in its subsidiary, Newdico (Proprietary) Limited, which is holding nine prospecting licenses covering approximately 3,949 square kilometers in northwest Botswana. As of December 31, 2011, Tsodilo had a 100% interest in its wholly owned subsidiary, Gcwihaba Resources (Proprietary) Limited, which has six diamond prospecting licenses covering approximately 4,456 square kilometers and 18 metals, which includes base, precious, platinum group, and rare earth, licenses covering 4,618 square kilometers and eight radioactive minerals licenses covering 6,927 square kilometers. In April 2013, First Quantum Minerals Ltd acquired a 14.941% stake in Tsodilo Resources Ltd.