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.

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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

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21st Apr 2018 UK Investor Show 21st April 2018


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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

MiningMaven Podcast No 43 with Metal Tiger (LON:MTR) CEO Paul Johnson

Paul Johnson, CEO of Metal Tiger (LON:MTR) joins us on the podcast today to discuss the latest news from the company regarding the successfully concluded commercial negotiations and the Joint Venture Agreement (“JVA”) in respect of the Song Toh and Boh Yai Silver-Lead-Zinc mines in Western Thailand.

Full details of the agreement can be seen here:

http://www.metaltigerplc.com/index.php/investors/latest-news/888-thailand-commercial-mines-joint-venture-agreement-signed-2016-08-23-122600

This agreement has been eagerly anticipated by investors and in the Podcast Paul expands on its significance and gives us a good understanding of the rationale behind the way the agreement is structured. As always, essential listing!

https://audioboom.com/boos/4972214-miningmaven-podcast-no-43-with-metal-tiger-lon-mtr-ceo-paul-johnson

RECENT DISCOVERIES IN THE KALAHARI COPPER BELT, BOTSWANA

MOD RESOURCES LTD & METAL TIGER PLC
25 AUGUST 2016

http://media.wix.com/ugd/a5d095_19ec5c5eba1c418aba500c33f2892615.pdf

Metal Tiger Plc

("Metal Tiger" or the "Company")

Shares Issued in respect of Thailand Joint Venture Agreement

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce that further to the successfully concluded commercial negotiations and signed Joint Venture Agreement in respect of the Song Toh and Boh Yai Silver-Lead Zinc mines in Western Thailand as announced on 23 August 2016, the Company has issued US$400,000 (£303,360 as at yesterday’s exchange rate) in new ordinary shares in Metal Tiger at 4.025p the closing mid-price on the date the transaction concluded and which equates to 7,536,894 Metal Tiger shares.

Paul Johnson, Chief Executive Officer of Metal Tiger plc commented: “We are pleased to confirm the issue of shares in respect of the signed Joint Venture Agreement which marked a major positive step forward for Metal Tiger’s investing activities in Thailand.

The Joint Venture in Thailand is forging ahead and we look forward to providing further updates to the market in the near term.”

Admission Details and Total Voting Rights

The 7,536,894 new ordinary shares are expected to be admitted to trading on or around 30 August 2016. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 580,810,113.

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists 580,810,113 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury.

This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.

The Company notes that following the issue of the 28,571,428 Placing Shares as announced on Wednesday 17 August 2016 as part of the Strategic Financing Update announcement, the number of ordinary shares in issue as at 1 September 2016 will be 609,381,541.

http://www.businesswire.com/news/home/20160825005797/en/Metal-Tiger-plc-UK-Regulatory-Announcement-Shares

26 August 2016
Metal Tiger Plc

Notice of Interim Results and Capital Reduction

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce that the interim results for the six months ended 30 June 2016 will be announced on Friday 30 September 2016.

In addition alongside the results the Company will post details of a General Meeting of Shareholders to be held in October 2016 to approve a Capital Reduction the purpose of which is to allow the Company to pay dividends and make other distributions to shareholders, in line with the Companys stated objective to return value to shareholders.

Paul Johnson, Chief Executive Officer of Metal Tiger commented:

A key corporate objective for Metal Tiger is to pay dividends and/or distribute portfolio interests to shareholders.

In order to allow the Company to undertake this expeditiously we intend to apply to the High Court to secure the cancellation of existing deferred shares and the share premium account.

This is a relatively straightforward process to follow and, if successful, will put the company in a position to be able to make dividend payments and distribute other interests to shareholders.

As the investments of the Company mature and increase in value and as we move into a phase where value may be crystallised within the portfolio, we are keen to be in the position to distribute should the company wish to do so.

We will provide regular updates as we move through the process.

Capital Reduction

The intention of the Company is to apply to the High Court to obtain approval to implement a reduction in the share capital of the company by cancelling the existing deferred shares and reducing or cancelling the share premium account.

Following and subject to shareholder and High Court approval, and compliance with the court order the company will be in a position to pay dividends or make distributions to shareholders.

A notice of General Meeting which is the first part of the above process will be forwarded to shareholders at the same time that the interim results are published.

The Capital Reduction process is a standard and largely administrative process. It will not change the number of ordinary shares in issue or the current nominal value of the Companys ordinary shares. The process merely permits a Company carrying historical retained losses to distribute cash or other interests to shareholders following completion of the process. This could not be done otherwise because Company law prohibits distribution when the Companys accounts show historical retained losses.

Distribution Policy

Subject to the approval of shareholders and the High Court of the Capital Reduction, the Company may wish to distribute cash or other interests to shareholders. This may occur in various circumstances and could include where the Company disposes of an interest for cash or equity and wishes to return some or all of the value generated to shareholders. Such distributions may also require further shareholder approval under market rules.

To be clear any such distributions would only be made by reference to shareholders on the register at a specified record time and date. Holders of warrants and options who have not exercised the same at the specified time and date would not be entitled to participate in a distribution.

The Company reserves the right to announce distributions without notice and it is the Companys intention that, subject to relevant laws and regulations any distribution announcement will incorporate a contemporaneous record date.

http://www.moneyam.com/action/news/showArticle?id=5404202

30 August 2016
Metal Tiger Plc

Botswana T2 West: First RC Drill Assays

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 Company’s 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 first batch of assay results from the reverse circulation drilling at the regional target T2 West 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 “

“We are pleased to announce the first batch of laboratory assay results for reverse circulation drilling at T2 West, the first new drill target since we discovered the T3 deposit. Initial findings look promising with up to 5m @ 2.3% Cu and with intersections bearing a strong similarity to the widths and grades at MOD’s 100 % owned high-grade Mahumo (T1) copper/silver deposit, which lies only 3.5km to the east. Ongoing soil sampling between T2 West and Mahumo has also outlined a new anomaly, and drilling target, midway between T2 West and Mahumo.

At T3 the Resource drilling has now been completed with a total of 51 holes drilled ahead of the planned schedule. We commend MOD’s exploration manager, Jacques Janse van Rensburg, and his 80 strong Project team as well drill contractor Discovery Drilling for completing this phase of work in such a timely manner. We will report the remaining assay results and provide further updates on progress as the project moves towards the scheduled end of September completion date for the T3 maiden Resource Estimate.”

Highlights:


Reverse Circulation Drilling at T2 West

• Assay results received for the first three reverse circulation (RC) drill holes, on the first drill section, at T2 West. This first drill section crosses the southern part of the T2 West soil anomaly, and consists of five RC holes all of which have intersected zones of visible vein and disseminated copper mineralisation.

• Drill holes MO-G-52R and MO-G-54R intersected a higher grade zone of copper/silver mineralisation associated with veining within a wider, lower grade, zone associated with disseminated copper mineralisation. MO-G-53R, the shallowest and most northerly drill hole on the first drill section, intersected highly weathered sediments hosting oxidised and copper leached mineralisation from a depth of 4m, resulting in a lower grade of 8m @ 0.3% Cu.

• Key downhole intersections include:

• MO-G-52R intersected 7m @ 1.7% Cu & 35g/t Ag from 61m, including ◦ 5m @ 2.3% Cu & 42g/t Ag from 61m

• MO-G-54R intersected 6m @ 1.7% Cu & 24g/t Ag from 61m
• MO-G-52R intersected a 24m wide zone of disseminated and vein hosted mineralisation from a downhole depth of 51m. With lower grade disseminated mineralisation (ranging from 0.1% to 0.5% Cu) surounding higher grade vein hosted copper (7m @ 1.7% Cu & 35g/t Ag) from 61m depth.

• MO-G-54R intersected a 28m wide zone of disseminated and vein hosted mineralisation from a downhole depth of 49m. With lower grade disseminated mineralisation (ranging from 0.1% to 0.7% Cu) surounding higher grade vein hosted copper (6m @ 1.7% Cu & 24g/t Ag) from 61m depth.

• The MO-G-52R and MO-G-54R drill hole mineralisation intersections compare well with the copper and silver grades and widths that MOD outlined during their Mahumo Stage One Resource drilling, 3.5km to the east. Here resource widths range 2-4m at an average 2.0% Cu and 50g/t Ag. Mahumo remains open below the current limit of drilling along a 2.4km strike length.

• Drilling is currently testing for continuity of mineralisation along strike from the first drill section and will then seek to target the mineralisation at depth in this complexly folded area.

• Assay results from the two remaining holes (MO-G-57 and MO-G-58R) on the first drill section at T2 West are currently awaited.

Geological Setting

• T2 West is a soil anomaly (up to 87ppm Cu over a circa 1.5km wide zone) located 20km north of the T3 Resource Drilling area and 3.5km west of MOD’s 100% owned high-grade Mahumo (T1) copper/silver deposit (Resource: 2.68Mt @ 2.0% Cu & 50g/t Ag). It forms part of the T2 Prospect together with the T2 East soil anomaly (up to 83ppm Cu over a circa 1.5km wide zone) located approximately 12km to the east. There is no outcrop at T2 and the area is covered by surficial calcrete.

• T2 West, T2 East and Mahumo sit on the same regional structure and interpreted zone of Kalahari ‘prospective contact’ folding, that is thought to host Cupric Canyon Capital’s Zone 5 resource (Resource: 100Mt @ 1.95% Cu & 20g/t Ag).

Soil Sampling Results

• Soil sampling results have been received from further geochemical survey on 500m spaced traverses extending eastwards from the T2 East anomaly, and from the T2 West anomaly, eastwards, towards MOD’S 100% owned Mahumo (T1) deposit.

• These latest soil results have yielded a new drill target, with a standout value of 99ppm Cu midway between T2 West and Mahumo.

T2 West Drilling Details

The T2 West RC holes, on the first drill section, are inclined 320° azimuth/-60° dip. MO-G-53R reached 55m, MO-G-52R reached 135m and MO-G-54R reached 103m. Hole collars are drilled at 50m spacing. MOD provide a full table of drill coordinates and key parameters in their release of today (see above link).

The first drill section, commenced on 10th August, crosses the southern part of the T2 West soil anomaly and consists a total of five RC holes all of which have intersected zones of vein and disseminated copper mineralisation, including the copper minerals chysocolla, malachite, chalcocite and bornite. Drilling is currently testing potential for mineralisation along strike to the east and west of the first section.

T3 Phase One Resource Programme Update

The Resource drilling at T3 has completed ahead of schedule, with a total of 51 diamond drill holes completed on a 100m by 100m grid within a 4-month period. All outstanding mineralised intersections are either in the laboratory or samples are being prepared for transport to the laboratory with the objective to get all assay results finalised for the resource estimate scheduled to be completed by end September. All 80 Project personnel will now take a well-earned break for 1 week.

The T3 scoping study is progressing to plan with preliminary results from metallurgical test work of different sulphide ores starting to be received. Results will be announced when results are finalised.

Project 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 project’s Tshimologo (T4) Prospect and is located parallel to the same structural trend known as the Mahumo Structural Corridor, that hosts MOD’s 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 MOD’s Competent Person, Mr Jacques Janse van Rensburg, BSc (Hons), General Manager Exploration (Africa).

http://www.businesswire.com/news/home/20160830005479/en/Metal-Tiger-plc-UK-Regulatory-Announcement-Botswana

31 August 2016
Metal Tiger Plc

GOLD PRODUCTION OPPORTUNITY - UPDATE



Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to highlight the announcement released today by our joint venture partners Eurasia Mining (LON:EUA) in respect of the Semenovsky Tailings gold production opportunity.

The announcement confirms an extension to the exclusivity period in respect of this project until 15 November 2016 and confirmation of approved reserves totalling 2.99 million tonnes of ore grading 1.18 grams/tonne ("g/t") of gold and 16.44 g/t of silver, which contained metal calculated as 3.5 tonnes of gold and 49.3 tonnes of silver.

The announcement can be viewed through the following link:

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/EUA/12948304.html

http://www.moneyam.com/action/news/showArticle?id=5406200

edited
wrong thread

mentor, what are you waffling on about now?

1 September 2016
Metal Tiger Plc

ADDITIONAL STRATEGIC INVESTMENT THOR MINING

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce a strategic investment totaling 100,000 in Thor Mining plc (Thor Mining)(AIM:THR).

Highlights:
• Investment of 100,000 to acquire 400,000,000 Thor Mining shares at 0.025p;

• Metal Tiger to receive one warrant at 0.05p for each Thor Mining share purchased at 0.025p in the placing (being 400,000,000 warrants in total), with a warrant life of 30 months;

• Following completion of the above Metal Tiger will own 860,000,000 shares representing 14.01% of Thor Minings issued share capital;

• Board reorganisation to be implemented at Thor Mining;

• Paul Johnson, Chief Executive Officer of Metal Tiger to join the board of Thor Mining as a non-executive director.

Paul Johnson, Chief Executive Officer of Metal Tiger commented I am pleased to announce this additional strategic investment in Thor Mining which is made to support the Company as it accelerates its activities at the Molyhil project and seeks to build on its existing business interests at this early stage in the recovery of the natural resource sector.

By joining the board I also have the opportunity to contribute to board decision making and to assist the company as it seeks to broaden market awareness of its activities and build on its existing business model.

Thor Mining reported an audited loss of 915,000 for the year ended 30.06.15 and unaudited net assets of 8,992,000 as at 31.12.15.

http://www.moneyam.com/action/news/showArticle?id=5407092

re - mentor, what are you waffling on about now?

I like to play the banjo on the wrong way mick and normally I win the battles.

Check the share price since last Friday before the news
Someone on the know about the resignation.

mentor, Tiger Resource Finance (TIR) has nothing to do with Metal Tiger (MTR)

September 06, 2016 10:57
LONDON--(BUSINESS WIRE)--

Metal Tiger Plc

Additional 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 investment in Red Rock Resources (LON:RRR) (“Red Rock”).

Note: We would also refer readers to our announcements dated 29 April 2016 and 24 August 2016 for details of the earlier investments in Red Rock made by Metal Tiger. As announced on 24 August 2016 Metal Tiger purchased 25,000,000 shares in a strategic financing undertaken by Red Rock taking the Company’s holding in Red Rock following admission of placing shares to 78,571,427 shares or 16.81% of issued share capital.

On 7 September 2016 Metal Tiger purchased an additional 2,500,000 shares in Red Rock on the market at an average price per share of 0.4199p increasing Metal Tiger’s holding to 81,071,427 shares equating to 17.35% of Red Rock’s issued share capital.

In addition in association with the financing announced on 24 August 2016 Metal Tiger received 25,000,000 24 month warrants to subscribe for additional Red Rock shares at a price of 0.80p over the next two years. These warrants are added to the 29,761,904 0.84p warrants received with a 30 month exercise period from Metal Tiger’s participation in the April 2016 financing.

Paul Johnson, the Chief Executive Officer of Metal Tiger plc commented: “We continue to build our position in Red Rock in line with our corporate objective of securing larger positions in undervalued resource companies. We note the update provided by Red Rock yesterday confirming the receipt of first oil revenues, an instalment payment following the disposal of the Colombian gold project and progress being made with regard to negotiations in respect of the CML promissory note. Recognising the small market capitalisation of Red Rock, the receipt of circa US$231,000 cash is a material development and the potential for a negotiation of the promissory note position and further incoming working capital is even more attractive.

Whilst the market fails to recognise the value and potential of companies like Red Rock, Metal Tiger will continue to accumulate. Recent history has taught the market that share prices of resource companies perpetually decline, however a slightly longer historical view demonstrates we are in a cyclical business and the upside swings can be as impressive as the downside falls are demoralising.

Metal Tiger now holds 17.35% of Red Rock and we look forward to the business flourishing as the sector continues what we believe is a strong recovery phase. In addition Metal Tiger holds Red Rock circa 54.7m Red Rock warrants to acquire additional shares at further increasing our exposure to the upside potential.

Finally, Metal Tiger will shortly make its nomination request for a seat on the board of Red Rock.”

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

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

http://www.businesswire.com/news/home/20160906006074/en/Metal-Tiger-plc-UK-Regulatory-Announcement-Additional

banjomick

I'm hanging on in here, but not liking this Red Rock stuff..

The MTR Thailand webpage was updated but not sure when...... saying that all the 'Project' pages have been...

Thailand - Multi Commodity

Metal Tiger PLC (“MTR”) has been active in Thailand since October 2014. With the acquisition of South East Asia Exploration and Mining Company Limited (“SEAM”) and the Thailand interests of SEAM’s Canadian parent entity, Southeast Asia Mining Corp. (“SEA”), in February 2016 (read more), MTR has built up a strong knowledge base and working capability, to actively pursue a pipeline of mining and exploration projects and investments in this natural resource rich country.

MTR successfully concluded commercial negotiations and a Joint Venture Agreement ("JVA") was signed in respect of the Song To and Boh Yai Silver-Lead-Zinc mines in Western Thailand. The JVA governs the process and ownership elements of a transaction where the principle objective is to bring back into production the Silver-Lead-Zinc mines at Boh Yai and Song Toh. (read more). Details of this flagship opportunity are outlined below along with summaries of the company’s exploration interests.

Details of MTR’s current and prospective Project holdings are set out below.

http://www.metaltigerplc.com/index.php/projects-2/thailand-multi-commodity

Also a video:

Metal Tiger Thailand - Boh Yai and Song Toh Silver-Lead-Zinc Mines
Uploaded on Aug 25, 2016

Please the Resource and PEA are historic and amongst many other studies will require updating.

https://www.youtube.com/watch?v=_RhSemmQmAs

7 September 2016
Metal Tiger Plc

Botswana - Further Positive Results from T3 Resource Drilling

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

We are pleased that with the receipt of these two batches of assay results, comprising a further 8 significant copper intercepts, and with all remaining sample assays currently pending at the laboratory, the T3 Resource Estimate is on track to deliver. Preliminary floatation studies on composite samples from T3 have also proved encouraging, leading to further flotation work as part of the metallurgical testwork on the T3 deposit.

We will continue to provide further results as they become available ahead of releasing details of the maiden Resource Estimate due end of September.

Highlights:

• Two batches of assay results received for seven diamond drill (DD) holes in the T3 Phase 1 Resource Programme area. Results are in line with expectations, showing significant copper and silver intersections for five DD holes (MO-G-33D to MO-G-37D), mainly in the north of the resource area, are summarised below. All assay data has been forwarded on to the South Africa based independent consultant who is conducting the Mineral Resource Estimate for T3.

• Two holes, (MO-G-38D & MO-G-39D), located near the south-west boundary of the Resource drilling area, targeting the shallow up-dip portion of the deposit, failed to intersect significant mineralisation. MO-G-39D the most south westerly DD hole only intersected oxidised sediments, whilst MO-G-38D intersected part oxidised sediments.

• The last three holes drilled in the completed 51-hole Phase 1 Resource Drilling Programme were sited 100m north of the previous north-eastern border of the drilling area, with the intention of further testing the down-dip resource potential at depth. Copper sulphide mineralisation was intersected in all three holes (MO-G-49D, MO-G-50D and MO-G-51D) with assay results for the last 13 resource holes currently awaited.

• Key results for latest down-hole intersections include:

• Hole MO-G-33D
• 9.3m @ 1.1% Cu & 6g/t Ag from 163.7m
• 16.5m @ 1.3% Cu & 22g/t Ag from 177.0m

• Hole MO-G-34D
• 22.0m @ 1.0% Cu & 12g/t Ag from 170.0m

• Hole MO-G-35D
• 13.4m @ 1.4% Cu & 19g/t Ag from 174.0m
• 3.0m@ 2.5% Cu & 48g/t Ag from 193.0m

• Hole MO-G-36D
• 10.8m @ 1.0% Cu & 12g/t Ag from 187.0m
• 11.0m@ 1.2% Cu & 23g/t Ag from 223.0m

• Hole MO-G-37D
• 5.0m @ 1.4% Cu & 11g/t Ag from 109.0m

All holes were designed to intersect the northerly dipping mineralisation, and are orientated with an azimuth of 160deg and dip of 60deg. MO-G-033D reached a down hole depth of 221m, MO-G-34D reached 227m, MO-G-35D reached 233m, MO-G-36D reached 248m, MO-G-37D reached 134m, MO-G-38D reached 160m and MO-G-39D reached 110m.

Holes MO-G-33D to MO-G-36D are located on the same E-W profile at 200m spacing, in the northern part of the resource area. Holes MO-G-37D, MO-G-38D and MO-G-39D are located in the south-western corner of the resource area, with MO-G-39D the most southerly hole, MO-G-37D 100m to the north and MO-G-38D 100m east of MO-G-37D. A table of the drill collar locations is provided in the MOD release referenced above. The remaining assay results will be released as they become available following geological interpretation.

Resource Programme Status

As announced 30 August 2016, the Resource drilling at T3 completed ahead of schedule, with a total of 51 diamond drill holes completed on a 100m by 100m grid within a 4-month period. The resource estimate is scheduled to be completed by end September.

T3 Scoping Study Update

Preliminary metallurgical testwork results for the rough flotation of composite samples of different T3 ore types has been received by MOD. With these initial results proving encouraging, cleaner floatation studies are currently being undertaken and the results will be published when the process is finalised.

T3 Resource Programme Summary

The Phase 1 Resource Estimate work at T3 is concentrating on a 1,000m strike length of the T3 deposit, delineating the upper (UZ) and lower (LZ) copper/silver mineralisation, between circa 60m vertical depth to 200m depth. The majority of the 51 resource drill holes were 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 7 September 2016. The Resource work has been managed on the ground by MODs Competent Person, Mr Jacques Janse van Rensburg, BSc (Hons), General Manager Exploration (Africa).

http://www.moneyam.com/action/news/showArticle?id=5410514

Looking better today.

Metal Tiger pleased with latest Botswana assays
14:42 07 Sep 2016

The firm is joint ventured in the Kalahari Copper Belt project with partner MOD Resources



Metal Tiger PLC (LON:MTR) shares clawed higher Wednesday as it reported on latest assays from resource drilling at the T3 target in Botswana.

The firm is joint ventured in the Kalahari Copper Belt project with partner MOD Resources (ASX:MOD), which holds a 70% stake, while Metal has 30%.

The latest data is from two batches of assays and from seven holes and show eight significant copper intercepts, the firm said. Results were in line with expectations.

Significant results included 16.5 metres (m) at 1.3% copper and 22g/t silver from 177m.

Another hole showed 3m at 2.5% copper and 48g/t silver from 193m.

Meanwhile, preliminary metallurgical testwork results for the rough flotation of samples of different T3 ore types has been received by MOD, which were encouraging.

Cleaner floatation studies are currently being carried out and the results will be published when the process is finalised, the company added.

As stated earlier, a resource estimate for the T3 prospect is scheduled to be completed by the end of September.

Broker Dowgate Capital placed a 'buy' stance on the shares and lifted the price tartget to 10.4p against 8.3p previously.

Giles Gwinnett

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Securities in Issue

Metal Tiger plc's shares are traded on the London Stock Exchange AIM (LON: MTR). To see share price and latest trades click here
609,381,541 ordinary shares of 0.01p each.
No securities are held as treasury shares.

16.97% of Metal Tiger plc shares are not held in public hands. There are no restrictions on the transfer of shares.

Significant Shareholders

As at 7th September 2016 the following shareholders were, as far as the Directors are aware, interested in 3% or more of the issued share capital of the Company.

                      Name                                  Number of ordinary shares            % of issued share capital
Terry Grammer                                                  38,150,667                                        6.26%
Charles Hall                                                       22,858,406                                        3.75%
South East Asia Mining Corp                                22,599,000                                        3.71%
Blackstar Gold Pty Ltd *                                    19,880,000                                        3.26%

(based on latest declared holding to the company as a proportion of issued share capital at 07.09.16)
* Note: Terry Grammer, director of Metal Tiger, is also a director of Black Star Gold Pty Ltd.

Directors' Shareholdings

Terry Grammer (Non-Executive Chairman)(*)       38,150,667                                         6.26%
Paul Johnson (CEO)                                              9,600,000                                         1.56%
Alex Borrelli (CFO, Non-Executive Director)            5,400,000                                          0.89%

Note Terry Grammer is also a Director of Blackstar Gold Pty Ltd which has an interest in 19,880,000 Metal Tiger plc shares.

Management Performance Options


Director                                             Number of Management Options Awarded & Unexercised


Paul Johnson                                                  7,500,000 1.7p (08.02.19)

                                                                     3,330,000 1.75p (02.07.18)

                                                                     5,000,000 2p (02.07.18)

Alex Borrelli                                                    1,170,000 1p (10.07.17)

                                                                     1,670,000 2p (02.07.18)

Terry Grammer*                                              3,330,000 2p (02.07.18)

(*) Note Terry Grammer is also a Director of Blackstar Gold Pty Ltd which has an interest in 19,880,000 Metal Tiger plc shares.

Note: Additional Management options were approved at the General Meeting on 31st May 2016.

http://www.metaltigerplc.com/index.php/investors/securities-in-issue