Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

Metal Tiger PLC (MTR)     

banjomick - 10 May 2016 16:21

logo.png                  
                                                     

Metal Tiger's mission is to deliver a high return for shareholders by investing in significantly undervalued and/or highly prospective opportunities in the mineral exploration and development sector timed to coincide where possible, with a cyclical recovery in the exploration and mining markets.



Chart.aspx?Provider=Intra&Code=MTR&Size=480&Skin=RedWhite&Scale=0&Type=2&Cycle=MINUTE1&Layout=Intra;IntraDate&E&Ind=VOLMA(60);&Layout=Intra;IntraDate&E=UK&YFormat=&XCycle=Hour2&Fix=1&SV=0Chart.aspx?Provider=EODIntra&Code=MTR&Size=480&Skin=BlackBlue&Type=2&Scale=0&Span=MONTH6&MA=&EMA=&OVER=&IND=VOLMA;&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0


NEWS
MTR Website & All The NEWS
Asset Trading Page

12th Mar 2018 Additional Investment into MOD Resources Limited
01st Mar 2018 Directorate change
27th Feb 2018 Investment in Connemara
22nd Nov 2017 Submission of Members Statement to Kingsgate
24th Aug 2017 Botswana Copper/Silver Project – T3 Mineral Resource Estimate Upgraded

VIDEO/AUDIO/PRESENTATIONS



EVENTS
21st Apr 2018 UK Investor Show 21st April 2018


SOCIAL MEDIA
twitter-MTR
twitter-MOD Resources Ltd

banjomick - 18 Aug 2016 10:15 - 129 of 474

Metal Tiger plc

SPANISH EXPLORATION UPDATE: NEW GOLD ANOMALY

Metal Tiger (LON: MTR), the natural resources investing company is pleased to provide an update regarding project developments in Extremadura, Spain.

Highlights:

• Soil sampling and alteration mapping at the Logrosán Gold and Tungsten Joint Venture (JV) project has delineated a new gold target area ‘Logrosán South’, located in the south of the project’s Antonio Caño and (the recently awarded) San Cristóbal exploration licence areas. This new target area is in addition to the ‘El Seranillo North’ gold target area reported on 5th April 2016.

• Soil samples analysed for gold by ALS Minerals laboratories have defined a 2km long gold in soil anomaly (up to 0.89g/t Au), which appears to be associated with two parallel structures identified by ground magnetics. Further soil samples analysed for gold using our JV partner’s own laboratory in Finland have shown that the anomaly can be traced over a total 6km long strike distance.

• Samples were collected over a total of 70 profiles, spaced at between 50m – 200m, the anomaly is currently open at one end.

• A programme of further follow-up investigation for both Logrosán South and El Seranillo North is scheduled for September, once the Spanish field team have returned from their scheduled summer break. This follow-up will run in conjunction with the ongoing work on the Maria Licence. Further details of these works will be provided in due course.

Paul Johnson CEO of Metal Tiger said: “We are excited to report the identification of an additional gold target for our Logrosán Gold & Tungsten Project. The addition of the Logrosán South gold anomaly is particularly significant given its current 6km length and its good correlation with structures indicated by our ground magnetics survey work.

We consider that we have a very strong, and growing, pipeline of gold and tungsten targets in what is turning out to be a highly mineralised region.

We look forward to providing further updates, as the field team recommences ground work in early September.”

Project Background

Location and Region

The Logrosán Gold and Tungsten Project is located in a geologically prospective, under-explored and mining friendly jurisdiction in west-central Spain within the province of Cáceres in the Extremadura autonomous region. The Project is served by a well-developed and maintained road network, with good power, water and telecommunications infrastructure and enjoys the full support of the regional and local government and administration.

Neighbouring Properties

There are three public listed exploration and pre-production development companies located within the surrounding region. The W Resources Plc La Parrilla tungsten mine is 43km south-west of the Project area; the Emerita Resources Corporation Las Morras Gold Project is 6km to the south; and the Berkeley Energia Gambuta uranium deposit is 40km north.

Background to the Logrosán Joint Venture

Metal Tiger entered into a Joint Venture with Logrosán Minerals Ltd (a Special Purpose Vehicle "SPV" company incorporated in the UK) on 13 March 2015.

Logrosán Minerals Limited is the joint venture operating company for the Logrosán Exploration Project. During the 18 months prior to the joint venture commencing, Metal Tiger's joint venture partner, Mineral Exploration Network (Finland) Ltd “MEN”, had carried out more than 40,000 soil samples, hundreds of pan-concentrate samples, covered thousands of linear kilometres with ground magnetic survey and assessed electro-magnetic tomography. The presence of Tungsten mineralisation had been confirmed by soil sampling, outcrop sampling, trenching and historical drill holes. Gold mineralisation had been indicated by pan-concentrate sampling which delineated three areas with anomalous gold.

Metal Tiger funded €500,000 in exploration work over the balance of 2015 and Q1 2016 in line with an agreed exploration programme that included up to 5,000 metres of drilling, to earn 50% of Logrosan Minerals Limited. The balancing holding in the SPV is held by MEN.

The Maria Licence was brought into the SPV on 31 May 2016. As part of this transaction Metal Tiger are to provide up to €500,000 over the balance of 2016 and first quarter of 2017 in exploration expenditure, with at least half the funds used to further explore Maria and the balance used to refine and build out the tungsten deposits and gold targets outlined during the 2015 Logrosán drilling programme.

The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who meets the criteria of a qualified person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly has visited the Logrosán and Maria Project Areas, and reviewed the technical information contained within this announcement. Mr O'Reilly is a consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.

http://www.metaltigerplc.com/index.php/investors/latest-news/886-spanish-exploration-update-new-gold-anomaly-2016-08-18-083400

banjomick - 18 Aug 2016 10:16 - 130 of 474

18 August 2016

Metal Tiger plc

THAILAND UPDATE - MERIT CEREMONY

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce the Merit ceremony has taken place to celebrate the formal opening of the Company's Metal Tiger Thailand Joint Venture head office.

Following a two month period of refurbishment work the new Joint Venture head office in Bangkok is now ready for occupation.

In line with traditional practice the commencement of the next stage of the Company's development reflected in the establishment of a new office was recognised with a formal Merit ceremony, performed by Buddhist Monks.

A photograph gallery will be made available in due course on the Company's website. In the interim selected images will be available on the home page of the Company's website and the Company Twitter feed.

Investors wishing to learn more about the Merit ceremony can see further information through the following link: https://en.m.wikipedia.org/wiki/Merit_(Buddhism)

http://www.moneyam.com/action/news/showArticle?id=5400282


banjomick - 19 Aug 2016 14:58 - 131 of 474

Metal Tiger Plc

Appointment of Chief Technical Officer

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce the appointment of Jordan Luckett as the Companys Chief Technical Officer with effect from 1 September 2016.

Jordan Luckett, an Australian national, is an experienced mining executive in both exploration and mining geology. He serves as managing director of Great Western Exploration Limited, a West Perth-based nickel, gold and copper exploration firm.

Jordan graduated from Curtin University of Technology in 1991 and is a member of The Australian Institute of Mining and Metallurgy. He has held positions as Geology Manager at Equigold NL and Exploration Manager at Jindalee Resources Limited and Energy Metals Limited both in Perth, Western Australia.

Information in respect of Mr Luckett as required by Schedule 2(g) of the AIM Rules for Companies are included below.

Terry Grammer Non-executive chairman of Metal Tiger commented:

Metal Tiger is now at the stage where we need to further enhance the in-house technical capability of the team and the appointment of a new Chief Technical Officer in an executive capacity demonstrates our commitment in this regard.

In the last two years Metal Tiger has sought to expand and adapt the board, senior management and staff base to reflect the developing demands of the business. This appointment is another step forward as we seek to build the existing resource investing company into a larger, well-diversified and considerably more valuable concern.

Jordan Luckett is an extremely capable and experienced executive, with his knowledge base in the technical mining environment matched by his experience in the management and demands of public companies. He has the right blend of skills to fulfil this role for Metal Tiger and I am personally delighted he has accepted this opportunity.

http://www.moneyam.com/action/news/showArticle?id=5401244

banjomick - 19 Aug 2016 15:47 - 132 of 474

19 August 2016
Metal Tiger Plc

Award of Management Options

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce the award of management options to Jordan Lockett, the Companys new Chief Technical Officer.

As part of his remuneration package Mr Lockett will receive 5 million options at an exercise price of 7.5p per share vesting in three months and with a three year exercise life post vesting.

Option vesting will be accelerated in the event of a successful takeover offer for the Company.

For further information on the Company, visit: www.metaltigerplc.com:

Paul Johnson (Chief Executive Officer) Tel: +44 (0)7766 465 617
Terry Grammer (Non- Executive Chairman) Tel: +44 (0)207 099 0738
Sean Wyndham-Quin
Neil Baldwin

Nick Emerson

Andy Thacker
Spark Advisory Partners Limited
(Nominated Adviser)

SI Capital

(Sole Broker)

Tel: +44 (0) 2033 683 555



www.sparkadvisorypartners.com

Tel: +44 (0) 1483 413 500


Notes to Editors:

Metal Tiger plc is listed on the London Stock Exchange AIM Market (AIM) with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.

The Companys target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Companys key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.

Metal Tigers Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.

The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an ISDX or AIM partner with whom the Company is engaged.

Metal Tiger also has an Asset Trading Division that holds various financial instruments for trading purposes including equities, warrants and royalty income. The aim of the division is to generate profits to reinvest into the Companys project based activities.

http://www.moneyam.com/action/news/showArticle?id=5401363

banjomick - 21 Aug 2016 16:44 - 133 of 474

Metal Tiger Corporate Presentation
Date added: 19/08/2016 09:32:12

http://www.metaltigerplc.com/index.php/investors/company-presentation/download?path=19.08.16%2BNew%2BBotswana%2Bslide%2BMetal_Tiger_Presentation.pdf

banjomick - 22 Aug 2016 09:02 - 134 of 474

22 August 2016
Metal Tiger Plc

Botswana Resource Drilling Nearing Completion at T3

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update with regard to the diamond drilling programme at the Companys Joint Venture (JV) project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).

Technical highlights in respect of progress on the Target 3 (T3) Prospect, Phase 1 Resource Diamond Drilling Programme (the Resource Programme) are provided below. In addition, we would refer to the announcement released today by MOD Resources which contains images and diagrams that may assist readers in an understanding of the project and the drilling being undertaken. This announcement can be viewed through the following link.

http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web

Paul Johnson Chief Executive Officer of Metal Tiger commented

With the T3 Phase 1 Drill Programme nearing completion, the latest results continue to show wide intersections of mineralisation, up to 42m in MO-G-28D. As the drilling element of the work is almost over, assays are now being sent to the independent resource consultant; and the joint venture Project is on schedule to deliver, what we expect to be, a robust maiden resource estimate at the end of next month.

The end of the Resource drilling at T3 will not signify a lull in activity for the field teams; with the completion of the Phase 1 drill programme, the exploration team will have the time to follow-up targets in the wider T3 area, on the T3 Dome.

In addition, reverse circulation drilling continues apace, 20km north of T3, on the new, shallow, T2 West copper discovery, details of which we reported 15 August. We look forward to providing updates on further Project progress in the near future

Highlights:

• Two batches of assay results received for seven diamond drill (DD) holes located in the north-east part of the T3 Phase 1 Resource Programme area. Results are in line with expectations, showing significant copper and silver intersections for six DD holes (MO-G-26D to MO-G-31D), including:

• MO-G-26D intersected 26.4m @ 1.3% Cu & 11g/t Ag from 131.0m
• MO-G-28D intersected 42.0m @ 1.1% Cu & 11g/t Ag from 127.0m
• MO-G-29D intersected 34.8m @ 1.2% Cu & 14g/t Ag from 128.0m
• MO-G-31D intersected 11.9m @ 2.3% Cu & 42g/t Ag from 181.9m and
5.0m @ 1.9% Cu & 51g/t Ag from 211.0m.

• The seventh hole, MO-G-32D, located 100m outside and east of the Phase 1 Resource area, only intersected minor mineralisation. Key intersections for all seven holes are outlined below.

• The Phase 1 Resource Programme drilling, on the 100m by 100m grid, is nearing completion; the maiden Mineral Resource Estimate is due to be finalised by end of September and is being conducted by an independent resource consultant based in South Africa.

• Once the Phase 1 Resource drilling is completed the exploration team will start focusing on other targets along the T3 Dome, leveraging their knowledge gained on geology and mineralisation controls in the area.

• The first deep drill hole at T3, M0-T3U-01D, has completed to a downhole depth of 532.84m. This hole was designed to test the source of an Induced Polarisation (IP) geophysics anomaly, located circa 400m down dip, to the north of the Phase 1 Resource Programme area. Drill bit deviation caused the hole to lift by 20 degrees and as a result the hole cut the target sequence above the level of the IP anomaly, a second drill hole is being considered to test the IP anomaly.

• M0-T3U-01D intersected 48m of mudstones and green siltstones with finely disseminated copper sulphides (chalcocite and bornite) between 446.7m and 494.8m downhole. Assay results are currently pending.

T3 Scoping Study Update

Contracts are being finalised for the constituent elements of a T3 Open Pit Scoping Study including preliminary analysis of mining, processing and environmental factors.

The metallurgical testwork being undertaken on a range of T3 ore types is progressing well with the first batch of results expected during September.

Resource Programme Progress

42 DD holes have now been completed and 4 DD holes are currently in progress.
• Key results for latest down-hole intersections include:

• Hole MO-G-26D
• 26.4m @ 1.3% Cu & 11g/t Ag from 131.0m
• 1.0m @ 2.5% Cu & 8g/t Ag from 164.0m
• 8.0m @ 0.8% Cu & 15g/t Ag from 170.0m

• Hole MO-G-27D
• 22.4m @ 1.2% Cu & 10g/t Ag from 129.0m
• 4.7m @ 0.7% Cu & 10g/t Ag from 168.7m

• Hole MO-G-28D
• 42.0m @ 1.1% Cu & 11g/t Ag from 127.0m

• Hole MO-G-29D
• 34.8m @ 1.2% Cu & 14g/t Ag from 128.0m
• 5.0m@ 1.2% Cu & 5g/t Ag from 170.0m

• Hole MO-G-30D
• 15.8m @ 0.9% Cu & 12g/t Ag from 121.2m
• 10.0m @ 1.3% Cu & 10g/t Ag from 140.0m
• 5.0m @ 1.3% Cu & 6g/t Ag from 161.0m
• 3.7m @ 2.2% Cu & 17g/t Ag from 176.3m

• Hole MO-G-31D
• 3.0m @ 1.1% Cu & 8g/t Ag from 175.0m
• 11.9m @ 2.3% Cu & 42g/t Ag from 181.9m
• 5.0m @ 1.9% Cu & 51g/t Ag from 211.0m

• Hole MO-G-32D
• 2.0m @ 0.7% Cu & 11g/t Ag from 194.0m

All holes were designed to intersect the northerly dipping mineralisation at depth, and are orientated with an azimuth of 160deg and dip of 60deg. MO-G-026D reached a down hole depth of 199m, MO-G-27D reached 220m, MO-G-28D reached 221m, MO-G-29D reached 185m, MO-G-30D reached 188m, MO-G-31D reached 227m and MO-G-32D reached 215m.

Holes MO-G-26D to MO-G-30D are located on the same E-W profile at 100m spacing, in the eastern part of the resource area. Hole MO-G-31D is on the same section as MO-G-30D, on the parallel profile 100m north. Hole MO-G-32D is located on the same E-W profile as MO-G-31D, but approximately 300m further east, 100m outside of the Phase 1 Resource area.

A table of the drill collar locations is provided in the MOD release referenced above. Results from the continuing drilling programme will be released as they become available following geological interpretation.

Current Exploration Programme Plan

The Phase 1 Resource drilling programme at T3 is concentrating on a 1,000m strike length of the T3 deposit, delineating the upper (UZ) and lower (LZ) copper/silver mineralisation, from circa 60m vertical depth to 200m depth. The majority of the resource drill holes are drilled on a 100m grid spacing, perpendicular to the mineralisation host sequence dip, therefore the mineralisation intersections are interpreted to be near to true width.

Location

The T3 Prospect is located on the Kalahari Copper Belt in northern Botswana and is part of the MOD/MTR joint venture Botswana Copper/Silver Project. T3 is located approximately 70km NE of the projects Tshimologo (T4) Prospect and is located parallel to the same structural trend known as the Mahumo Structural Corridor, that hosts MODs Mahumo Project (circa 20km NE of T3) and Cupric Capitals Banana Zone Deposit (60km NE) and Zone 5 Project (120km NE).

MOD outline details of the current exploration procedures being employed on the project (JORC 2012 Table 1), a drill plan and drill collar locations in their news release dated 22 August 2016. The work is being managed on the ground by MODs Competent Person, Mr Jacques Janse van Rensburg, BSc (Hons), General Manager Exploration (Africa).

The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who meets the criteria of a qualified person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly has visited the T3 site and reviewed MODs drilling and sampling protocols and procedures. Mr O'Reilly is a consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.

http://www.moneyam.com/action/news/showArticle?id=5401634

banjomick - 22 Aug 2016 09:05 - 135 of 474

22 August 2016

Metal Tiger Plc

Warrant Exercise

http://www.moneyam.com/action/news/showArticle?id=5401633

banjomick - 22 Aug 2016 12:13 - 136 of 474

Metal Tiger expects 'robust' resource from Botswana next month
10:33 22 Aug 2016

Results included copper grades between 1.1% and 2.3% over widths of 12m to 35m at depths between 127m to 182mln

757z468_IMG_0633_57bacc94e0776.JPG

Metal Tiger PLC (LON:MTR) expects to publish a ‘robust’ resource estimate for its Botswana copper venture next month, according to its chief executive.

“As the drilling element of the work is almost over, assays are now being sent to the independent resource consultant; and the joint venture project is on schedule to deliver, what we expect to be, a robust maiden resource estimate at the end of next month,” said Paul Johnson.

Assays for the latest seven holes at the T3 prospect showed wide intersections of mineralisation, with up to 42m in hole MO-G-28D, he added.

Results included copper grades between 1.1% and 2.3% over widths of 12m to 35m at depths between 127m to 182mln.

Phase 1 drilling focused largely on an identified 1,000m strike, but with this programme complete (four assays are pending), exploration activity will move to follow-up targets in the wider T3 area.

One deep hole has been completed to 533m, while reverse circulation drilling continues 20km north of T3, on the new, shallow, T2 West copper discovery said Johnson.

Metal Tiger has a 30% stake in the project, which lies in the Kalahari copper belt in Botswana, with partner MOD Resources (ASX:MOD) owning the reminder.

Philip Whiterow


69060_163846843643689_7687549_n.jpg?oh=b

banjomick - 22 Aug 2016 18:02 - 137 of 474

22 August 2016
Metal Tiger Plc

Unaudited Current Asset Update

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce a summary of the Company’s unaudited current assets as at close of business on Friday 19 August 2016.

As at the date specified, Metal Tiger held the following current assets:

Cash Holdings (i) £1,293,530

Tradable listed resource equities (ii) £4,365,951

Share warrant profit margin (iii) (iv) £867,305


Total Current Assets (iv) (v) (vi) £6,526,786

(i) Includes proceeds from recent placing announced to market 17 August 2016.

(ii) Mid-market price of shares in listed companies owned by Metal Tiger as at the close of market on 19/8/16. Investors should note that actual value of these shares will vary depending on wider market sentiment and the performance of the share price of the individual shares.

(iii) The difference between the exercise price the mid-market price of warrants in listed companies owned by Metal Tiger as at the close of market on 19/8/16. Investors should note that actual value of these warrants will vary depending on wider market sentiment and the performance of the share price of the individual shares.

(iv) the figures above do not include any Black Scholes valuation amount in respect of warrants with exercise prices higher than the current market share price for each warrant holding in question.

(v) the figures above do not include the value of investments in Joint Ventures held by Metal Tiger.

(vi) the figures above have not been externally reviewed or audited and are based on management’s own calculations.

Paul Johnson, Chief Executive Officer of Metal Tiger commented:

“Whilst Metal Tiger is not a traditional net asset vehicle and should not be evaluated on that basis in isolation, we recognise the importance of demonstrating to market that the Company is well funded and able to meet its foreseeable financial obligations.

The Company has a robust and growing current asset position and during 2016 we have demonstrated the ability to raise considerable additional sums, on a fair basis for existing investors.

Metal Tiger is well placed strategically and financially to undertake commercial transactions and to finance its on-going obligations.”

Further current asset updates will be announced to the market if and when the Directors feel it is appropriate to do so.

For further information on the Company, visit: www.metaltigerplc.com:

http://www.businesswire.com/news/home/20160822005775/en/Metal-Tiger-plc-UK-Regulatory-Announcement-Unaudited

banjomick - 23 Aug 2016 09:23 - 138 of 474

Metal Tiger Plc

Botswana T2 West RC Drilling Intersects Wide Copper Intervals

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update with regard to regional exploration results at the Companys Joint Venture (JV) project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).

Details of Technical highlights in respect of the further reverse circulation drilling findings at the regional target T2 are provided below. In addition, we would refer to the announcement released today by MOD Resources which contains images and diagrams that may assist readers in an understanding of the project and the exploration work being undertaken. This announcement can be viewed through the following link.

http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web

Paul Johnson Chief Executive Officer of Metal Tiger commented

Following quickly on from the announcement of the new copper discovery at T2 West, last week, we are pleased to report that follow-up drilling has succeeding in tracing the visible copper mineralisation down dip. The preliminary findings show that the down-dip intersections contain wider intervals of visible copper mineralisation, with a 29m interval from only 49m depth in MO-G-54R, the third hole drilled at T2 West.

Given that the T2 West copper in soil anomaly consists a 1.5km wide zone, the team are now stepping out on a new drill section 250m to the east, where we are hopeful of intersecting the same mineralised formation. As the drill samples are currently awaiting laboratory assay we are not yet able to report actual copper grades and widths, but look forward to communicating these with our investors once they become available.

Highlights:

Reverse Circulation Drilling at T2 West


• Following on from the discovery of copper mineralisation at T2 West, as reported 15 August 2016, a further 3 holes drilled on the same drill section have intersected wide intervals with potentially significant copper mineralisation. T2 West is the first new JV target to be drilled since the discovery of T3 in March 2016.

• The first drill section, across the southern part of the T2 West soil anomaly, consists of five RC holes all of which have intersected zones of vein and disseminated copper mineralisation which is interpreted as being associated with folding of host sediments directly above the Kalahari Footwall sediment contact (FW).

• Following on from the discovery holes MO-G-52R & MO-G-53R which intersected 15m and 10m intervals (respectively) of shallow visible copper oxide and copper sulphides, including the copper minerals chysocolla, malachite, chalcocite and bornite, three further holes MO-G-54R, MO-G-57R & MO-G-58R have targeted the same mineralisation down dip, with the following highlights:

• MO-G-54R intersected a 29m interval with multiple zones of visible copper sulphide mineralisation from 49m downhole.

• MO-G-57R intersected a 21m interval with multiple zones of visible copper sulphide mineralisation from 85m downhole.

• MO-G-58R intersected a 26m interval with multiple zones of disseminated copper sulphide mineralisation from 146m downhole.

• With the positive visual copper intersections in these five holes, drilling is now continuing 250m along strike to the east.

• The T2 West drill sample assay results will be reported, in due course, once they have been received and interpreted. Where results deem appropriate the RC drilling will be followed up by diamond drilling. This regional target drilling is in addition to the resource programme at T3.

• On the same drill section line, but on a separate soil anomaly to the north, two additional RC holes (MO-G-55R and MO-G-56R) were drilled, whilst these holes intersected FW sediments, they failed to determine the source of this northerly soil anomaly.

• T2 West is located 20km north of the T3 Resource Drilling area and 3.5km west of MODs 100% owned high-grade Mahumo copper/silver deposit (T1). It forms part of the T2 Prospect together with the T2 East soil anomaly located approximately 12km to the east. There is no outcrop at T2 and the area is covered by surficial calcrete.

• T2-West has consistently high copper values up to 87ppm Cu over a circa 1.5km wide zone;

• T2-East has consistently high copper values up to 83ppm Cu over a circa 1.5km wide zone.

• Both T2 anomalies are interpreted from magnetic geophysics survey data, to be associated with folding of the prospective Mahumo geological contact and are located directly along strike from the Mahumo deposit.

T2 West Drilling Details

All T2 West RC holes are inclined, 320 azimuth/-60 dip, except MO-G-56R which is 160 azimuth/-60 dip. On the first drill section, intercepting mineralisation, MO-G-54R reached 103m, MO-G-57R reached 115m and MO-G-58R reached 182m. These hole collars were drilled at 50m spacing.

MO-G-55R and MO-G-56R the RC holes further to the north reached 60m and 61m respectively. MOD provide a full table of drill coordinates and key parameters in their release of today, together with a preliminary geological section interpretation (see above link).

Location

The MOD/MTR joint venture Botswana Copper/Silver Project is located on the Kalahari Copper Belt in northern Botswana. The T3 Phase 1 Resource Drilling area is located approximately 70km NE of the projects Tshimologo (T4) Prospect and is located parallel to the same structural trend known as the Mahumo Structural Corridor, that hosts MODs Mahumo Project (circa 20km NE of T3) and Cupric Capitals Banana Zone Deposit (60km NE) and Zone 5 Project (120km NE). The T2 Prospect is located directly along strike from the Mahumo Project and approximately 20km north of T3.

The exploration work is being managed on the ground, in accordance with JORC 2012 best practice, by MODs Competent Person, Mr Jacques Janse van Rensburg, BSc (Hons), General Manager Exploration (Africa).

http://www.moneyam.com/action/news/showArticle?id=5402283

mentor - 23 Aug 2016 09:48 - 139 of 474

My view only

But I said it before and still stand by it, but I could be wrong

This is a CROOK's share

Reasons:

There has been dealing by directors associates ( a couple days ahead of news ).
Constant news ( almost daily for some time now ) to keep the share price up, so they can do deals

banjomick - 23 Aug 2016 10:06 - 140 of 474

and in RED too!

mentor - 23 Aug 2016 10:26 - 141 of 474

banjo

are you part of it too?

banjomick - 23 Aug 2016 10:44 - 142 of 474

I'm a shareholder if that's what you mean but only a relatively small holding.

banjomick - 23 Aug 2016 10:50 - 143 of 474

Metal Tiger reports more indications of copper at T2 zone in Botswana
09:28 23 Aug 2016

Three more holes drilled at T2 along the trend of the original discoveries (down-dip) also indicated good widths of copper

757z468_shutterstock_163177421_57bc14d9c

Metal Tiger PLC (LON:MTR) has identified sizeable copper mineralisation from follow-up drilling at the T2 prospect in Botswana.

A week ago, Metal Tiger reported a new potential discovery at T2 as two shallow drill holes hit copper zones with widths of 15m and 10m.

Three more holes drilled at T2 along the trend of the original discoveries (down-dip) also indicated good widths of copper but deeper Metal Tiger said.

One hole intersected a 29m copper interval from 49m down, another 21m from a depth of 85m and the third 26m from 146m.

Paul Johnson, Metal Tiger’s chief executive, added: “The preliminary findings show that the down-dip intersections contain wider intervals of visible copper mineralisation.

“Given that the T2 West copper-in-soil anomaly consists a 1.5km wide zone, the team are now stepping out on a new drill section 250m to the east, where we are hopeful of intersecting the same mineralised formation.”

He added that assay samples would need to be analysed before the grades of copper in the holes could be assessed.

The T2 prospect is the second major copper target currently being explored by MOD Resources, Metal Tiger’s partner, at the project located in the Kalahari copper belt.

A resource estimate is expected at the other target, T3, next month following a forty-plus hole drilling programme.

MOD is the operator of the project with a 70% stake, while Metal Tiger has 30%.

Philip Whiterow

69060_163846843643689_7687549_n.jpg?oh=b

and from earlier this morning:

Metal Tiger reveals plenty of ammo remains in the armoury

deltazero - 23 Aug 2016 12:52 - 144 of 474

thai rns just out

banjomick - 23 Aug 2016 12:54 - 145 of 474

23 August 2016

Metal Tiger Plc

("Metal Tiger" or the "Company")

Thailand - Commercial Mines Joint Venture Agreement Signed

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce that on Saturday 20 August 2016 the Company successfully concluded commercial negotiations and a Joint Venture Agreement (“JVA”) was signed in respect of the Song Toh and Boh Yai Silver-Lead-Zinc mines in Western Thailand. The JVA was subject to certain regulatory clearances which were received on 22 August 2016.

The JVA governs the process and ownership elements of a transaction where the principal objective is to permit and bring back into production the Silver-Lead-Zinc mines at Boh Yai and Song Toh (the “Mineral Properties”).

We refer readers to the market announcement by the Company dated 11 April 2016 covering the Standstill Letter Agreement (the “SLA”) relating to the Mineral Properties, as extended by the Company’s announcement dated 7 July 2016.

The parties to this JVA are the Karnchanaburi Exploration and Mining (KEMCO) Company Limited (“KEMCO”), Boh Yai Mining Company Limited (“BYMC”) and Pornnaret Klipbua (“Pornnaret”) the majority and controlling shareholder of both KEMCO and BYMC (the “Mine Vendors”). Also, Metal Group Co. Ltd (“Metal Group”) and Metal Tiger Exploration Company Limited (“MTE”) (the “Joint Venture Companies”); and finally Metal Tiger plc (as defined above).

KEMCO and BYMC hold several Historical Mining Lease Applications and the physical mining and processing plant assets at the centre of this transaction.

Paul Johnson, Chief Executive Officer of Metal Tiger commented:

“We are delighted to confirm a successful outcome to our contractual negotiations and this signed JVA. The Boh Yai and Song Toh mines represent an exceptional opportunity for all parties to this agreement and we look forward to the Joint Venture pushing proactively forward. As is Metal Tiger’s policy we will continue to regularly update the market with developments.

The Joint Venture will be proactively pursuing the various stages of the permitting process and the structure of the transaction is such that near term transactional costs are modest, with the larger payments scheduled for post permitting approvals when the inherent value of the project should have increased materially.

A transaction of this type, in effect a collaboration between Thai interests and a UK listed entity, are relatively rare at the moment. Given our knowledge of the Thailand business environment, and the opportunities available, we are very pleased to reach this pivotal stage.

The JVA represents the culmination of a significant amount of work by all parties and Metal Tiger would like to note on record its thanks for the dedication and support of all the parties engaged in this process of negotiations.

Metal Tiger is privileged to be investing in Thailand, a country that holds substantial opportunities for respectful, diligent and committed investors. We would reiterate that our objective is to invest in and help develop Thai resource opportunities, for the primary benefit of the Thai people, and to do so with an absolute focus on the protection of the environment and the communities with whom we engage.

As part of our communications and in addition to the engagement we are undertaking in Thailand we will be holding meetings in the UK with our Thai Joint Venture partners and Corporate Social Responsibility Manager present, to enable any shareholders, investors and other market participants to have their questions and queries addressed in a public forum.”

Pornnaret Klipbua, Managing Director of KEMCO and BYMC commented:

“I am delighted with the successful outcome following extensive negotiations with Metal Tiger and their Thai Joint Venture Partners. Metal Tiger with their financing capability and their Thai Joint Venture Partners with their sector and in-country knowledge have demonstrated to me that they have the requisite abilities to make this a highly viable partnership and I look forward to diligently working with them to successfully permit and bring back into production the Song Toh and Boh Yai Silver-Lead-Zinc mines.

This is an exciting project that will provide hundreds of jobs in Kanchanaburi and be of major benefit to the local Thai economy as well as the Thai people in general. It is my firm belief that this partnership will lay the foundation for further investment opportunities for Metal Tiger in the natural resources sector in Thailand.”

Highlights:
• Metal Tiger has agreed a right for its Thai Joint Venture Companies to acquire 80% of the shares of BYMC which holds several Mining Lease Applications. In addition, the transactional rights include the transfer of granted licences from KEMCO into BYMC thereby centralising the Mineral Property interests into one operating company.
• All activities in respect of operations shall be managed on behalf of the parties by various JV Management Committees. Metal Tiger will provide finance against an agreed budget. All operational matters are solely in the hands of the local Joint Venture team.
• The transaction is based on defined payments set against a defined delivery schedule and a commitment from Metal Tiger plc to fund up to US$1,500,000 in respect of permitting costs. Reflecting the acquisition of ownership rights the following payments are to be made to the Mine Vendors:
• Total of US$130,000 on signing the SLA payable as US$50,000 in cash and US$80,000 payable in Metal Tiger shares (US$130,000 already paid);
• Total of US$800,000 on signing the JVA payable as US$400,000 in cash and US$400,000 payable in Metal Tiger shares (payable no later than 2 September 2016);
• Total of US$6,000 per month which amounts to US$108,000 over an estimated 18 month permitting period for the general costs of the Mine Vendors including the costs of maintaining the current staff base keeping the mines on a care and maintenance basis whilst permitting is undertaken;
• Total of US$500,000 payable in cash on the granting of BYMC Mining Lease Applications;
• Total of US$625,000 payable as US$250,000 in cash and US$375,000 in Metal Tiger plc shares on the commencement of construction (ie plant, housing, water treatment and some mine refurbishment);
• Total of US$625,000 payable as US$250,000 in cash and US$375,000 in Metal Tiger plc shares on the commencement of commercial mineral production;
• Total of US$1,500,000 in respect of a hire purchase agreement on production to transfer the physical assets of the mine and processing plant into the BYMC;
• In addition the Joint Venture will guarantee the Mine Vendors, against their ownership interest an annual a minimum of US$200,000 profit share for the first five years of mine operations (ie US$1,000,000 in total guaranteed).

Reflecting all the above the total payments, at the volition of Metal Tiger with the exception of the initial JVA signature payment of US$800,000, to secure the specified Thai JV interest in the Mineral Properties amounts to US$5,288,000 (or £4,008,171 at current US$ to £ currency translation rate).
• Payments are focused on the key stages of project development with most payable only on the achievement of permitting, construction/refurbishment and production milestones over an estimated two year period.
• This announcement has been prepared with summary transaction information enabling an expeditious release in line with the latest Market Abuse Regulations. Further announcements will be made in due course to detail the overall JVA operational and strategic plans in respect of the Mineral Properties.

As at 31 December 2015 being the date of the last published accounts KEMCO had net liabilities of Thai Baht 1,244,332 and made a loss for the year of Thai Baht 1,502,102.

As at 31 December 2015 being the date of the last published accounts BYMC had net liabilities of Thai Baht 1,848 and made a loss for the year of Thai Baht 131,271.
http://www.businesswire.com/news/home/20160823005722/en/Metal-Tiger-plc-UK-Regulatory-Announcement-Thailand

banjomick - 23 Aug 2016 13:30 - 146 of 474

Further reading from the MTR website regarding Thailand (nothing new but gives a good insight):

Thailand - Gold/Copper/Antimony

http://www.metaltigerplc.com/index.php/projects-2/thailand-gold-copper-antimony

banjomick - 24 Aug 2016 10:30 - 147 of 474

24 AUGUST 2016

Additional Strategic Investment in Red Rock Resources

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce an additional strategic investment in Red Rock Resources (LON:RRR) (Red Rock).

We would refer readers to our announcement dated 29 April 2016 for details of the earlier investment in Red Rock made by Metal Tiger.

Highlights:

• Metal Tiger to subscribe for 25,000,000 new ordinary shares in Red Rock at 0.4p per new ordinary share for a total additional investment of 100,000;

• Metal Tiger to receive an additional 25,000,000 warrants exercisable at 0.8p and with a 24 month longevity from admission to trading of the Red Rock placing shares on AIM;

• Following the transaction Metal Tiger will hold 78,571,427 shares in Red Rock representing 16.81% of the post financing issued share capital;

• In addition following the transaction Metal Tiger will hold 29,761,904 warrants in Red Rock exercisable at 0.84p (see announcement dated 29 April 2016 for warrant terms) and 25,000,000 warrants exercisable at 0.8p (warrant terms as outlined above);

• MTR intends to exercise its right (granted previously in conjunction with the 29 April 2016 Red Rock financing) to nominate a non-executive director to the board of Red Rock.

Paul Johnson, the Chief Executive Officer of Metal Tiger plc commented: We are pleased to announce an increase in our shareholding in Red Rock Resources. The board of Metal Tiger is keen to continue to expand our investments in natural resource companies where we believe there is significant share price upside potential as the resource sector moves into a full recovery phase.

We recognise the importance of stability and security that Red Rock has generated through income from oil sales, sale proceeds from Colombia and also through Red Rocks investments notably in Jupiter Mines and Goldstone Resources.

That said, we also recognise that in a recovering resource market environment the best returns for shareholders can often lie in the reigniting of investment in hard rock mineral deposit opportunities, notably within precious and strategic metals. We are pleased that the Red Rock management team shares our thoughts in this regard and will seek to drive the strategic direction of the company to open up to the development of hard rock opportunities.

Red Rock has demonstrated an ability to deliver substantial returns from low sector sentiment conditions and we believe is worthy of further investment in readiness for the next recovery phase.

In the financial year ended June 2015 RRR made a loss of 8,411,541 (interims to 31 December 2015 loss of 22,025) and had net assets of 7,527,488 (interims to 31 December 2015 net assets of 7,947,994).

http://www.moneyam.com/action/news/showArticle?id=5402854

banjomick - 25 Aug 2016 09:35 - 148 of 474

Metal Tiger plc

SPANISH UPDATE: NEW LICENCE APPLICATION OVER GOLD TARGET

Metal Tiger (LON: MTR), the natural resources investing company is pleased to provide an update regarding developments at the Logrosán Gold and Tungsten Joint Venture (JV) project in Extremadura, Spain.

Highlights:

• The Logrosán Gold and Tungsten JV has lodged an application for a new exploration licence, ‘San Cristóbal Sur’, immediately to the south and adjoining the current Zorita and San Cristóbal exploration licence areas.

• The San Cristóbal Sur application, registration number 10358-00, is lodged in the name of Logrosán Minera S.L., the Spanish JV company. It covers an area of 31.7km2 and is valid for all of the Group C Minerals including Au, Ag, Pb, Zn, Sn, W, Pt and Cu. The only exclusion being coal and radioactive minerals.

• The San Cristóbal Sur licence application has been lodged to secure the southerly extension of the ‘Logrosán South’ gold in soil anomaly announced on 18th August 2016.

• The new Logrosán South gold target area, identified by soil sampling and alteration mapping, is approximately 6km long and up to 950m wide, trending NE-SW from the south of the project’s Antonio Caño licence, through the San Cristóbal licence and into the San Cristóbal Sur application area.

• The Spanish field team will be back onsite 4th September, to recommence a programme of exploration work across the licence portfolio including both the Logrosán South and El Seranillio North (announced 5th April 2016) gold anomalies. Further updates will follow in due course.

Paul Johnson CEO of Metal Tiger said: “The San Cristóbal Sur exploration licence application secures the ground to the south of our current joint venture projects, for a negligible expenditure. This is important as the recent work completed by our JV partners has shown that a major gold anomaly trends towards the south-west outside of the granted permits. The award of the exclusive San Cristóbal Sur licence will allow further surface sampling and geophysics to determine the along strike extent of the Logrosán South gold anomaly and help to delimit a target area for subsequent sub-surface investigation.”

Project Background

Location and Region

The Logrosán Gold and Tungsten Project is located in a geologically prospective, under-explored and mining friendly jurisdiction in west-central Spain within the province of Cáceres in the Extremadura autonomous region. The Project is served by a well-developed and maintained road network, with good power, water and telecommunications infrastructure and enjoys the full support of the regional and local government and administration.

Neighbouring Properties

There are three public listed exploration and pre-production development companies located within the surrounding region. The W Resources Plc La Parrilla tungsten mine is 43km south-west of the Project area; the Emerita Resources Corporation Las Morras Gold Project is 6km to the south; and the Berkeley Energia Gambuta uranium deposit is 40km north.

Background to the Logrosán Joint Venture

Metal Tiger entered into a Joint Venture with Logrosán Minerals Ltd (a Special Purpose Vehicle "SPV" company incorporated in the UK) on 13 March 2015.

Logrosán Minerals Limited is the joint venture operating company for the Logrosán Exploration Project. During the 18 months prior to the joint venture commencing, Metal Tiger's joint venture partner, Mineral Exploration Network (Finland) Ltd “MEN”, had carried out more than 40,000 soil samples, hundreds of pan-concentrate samples, covered thousands of linear kilometres with ground magnetic survey and assessed electro-magnetic tomography. The presence of Tungsten mineralisation had been confirmed by soil sampling, outcrop sampling, trenching and historical drill holes. Gold mineralisation had been indicated by pan-concentrate sampling which delineated three areas with anomalous gold.

Metal Tiger funded €500,000 in exploration work over the balance of 2015 and Q1 2016 in line with an agreed exploration programme that included up to 5,000 metres of drilling, to earn 50% of Logrosan Minerals Limited. The balancing holding in the SPV is held by MEN.

The Maria Licence was brought into the SPV on 31 May 2016. As part of this transaction Metal Tiger are to provide up to €500,000 over the balance of 2016 and first quarter of 2017 in exploration expenditure, with at least half the funds used to further explore Maria and the balance used to refine and build out the tungsten deposits and gold targets outlined during the 2015 Logrosán drilling programme.

http://www.businesswire.com/news/home/20160825005406/en/Metal-Tiger-plc-UK-Regulatory-Announcement-Spanish
Register now or login to post to this thread.