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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From " noodle_26 " comment today that does not make good reading .............

Today 21:50
Its very refreshing to see someone discuss something with someone who has well not polar views, (I am sure they were aligned at one point) but differing views. You could easily not speak to me, probably deservedly but I really do feel strongly about the points that I have mentioned and if you believe something isnt right you have to act, I have brushed issues that rung alarm bells before under the table before and have been stung.

MTR may do very well, but the point to me and this is the big point is that I now do not trust the CEO at all, Terry Grammer yes 100%, he does what he does and the share price follows, no engineering needed.

That to me is a right pain in the ass, polar opposite people that you would hope strengthens a team. To me it has fukced it right up, TG works in the background like the many professionals out there but it is PJ that takes all the lime light like a chimp on acid and that is why the wrong side of MTR is in your face.

Seriously I think he should not be the CEO, he has given the company a bad image, I find him unprofessional and immersed himself in personal deals that stink to high heaven and as a result has removed focus from the likes of Botswana. He has proved out of his depth, dont get me wrong he is a good public speaker but he comes across as a double glazing salesman.

I have a question for you. After the first discoveries at T3 were announced, later if MTR didnt invest in the likes of GGP, RRR, Opra, Thor, CGNR, KGLD etc basically did no deals, where do you think the share price and cash in the bank would be and importantly investor confidence? Remember they had to do a placing to pay for Thailand because the trading side was unable to provide the funds (which is what it was there for in the first place).

I remember the quote "If you want to be a £250M company you have to act like one". Momentous events, fit birds, best CEO awards and flashing lights like a disco!, twitter rampings, telling people to close shorts etc etc. Cmon!

I must disagree with one point you make. "I view them as a potential cash cow. If that comes off, then great. If not, not a huge loss to worry about." I dont see it that way, I see them as a liability especially if the market turns against them, if it doesnt ok fair enough but the signs I am seeing is its a bit of a knife edge. I am not talking about the real projects mind obviously MOD, Ariana, Kibo etc I am talking about the ones with no cash, proven poor management and require a shed load to do anything constructive. We have already had to raise cash just to keep those positions open no matter how they what spin they put on the raising.

One thing I would say is that Daisanputs everything across far less confrontational and balanced than what I do and maybe he should be listened to rather than me!! I am just furious in the image the CEO has created the last 6 months!

Another note ever thought of looking at the Li

mentor, noodle is too emotionally involved with a big chip on his/her shoulder regarding MTR and more specifically Paul Johnson the CEO.

Metal Tiger ‏@metaltigerplc · 4 minutes ago


Mr Heddle @gervaiseheddle



Thailand Mine Visit!

banjo

your pictures are too large and spoiling the thread

--

Cheers mentor, will sort later.

Metal Tiger ‏@metaltigerplc 15 minutes ago

Investors at the new office - looking forward to welcoming more investors soon!

19 September 2016
Metal Tiger Plc

Botswana On Track for T3 Maiden Resource

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 exploration 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.

Paul Johnson Chief Executive Officer of Metal Tiger commented:

Whilst the maiden mineral resource estimate remains on schedule to be completed by the end of this month, preliminary grade contouring of the assay data shows a high-grade core extends over 500m in the southern-central part of the resource area. Further encouragement is provided by the most recent deep drilling results, outlined below, which confirm the copper mineralisation remains open down-dip to the north, as well as to the east of the current resource drilling.

As we progress to infill drilling on the high-grade core of the deposit, and make good progress with the T3 scoping study, we are pleased to note the interest shown by the Botswana Department of Mines who recently conducted a site visit and reviewed the joint ventures exploration and development appraisal plans.

Highlights:
• Assay results from the three deep holes (MO-G-49D to MO-G-51D) at the northern boundary of the T3 Resource Area have confirmed significant copper and silver intersections, including 23m @ 1.2% Cu and 22g/t Ag in MO-G-49D and 10m @ 1.7% Cu and 21g/t Ag in MO-G-51D.

• The deep intersections effectively extend the boundary of the potential T3 resource envelope 100m further north and also confirm that the mineralisation remains open down dip to the north, as well as to the east of current drilling. Further drilling is planned to test the potential for high-grade vein hosted mineralisation down dip from these intersections.

• The independent resource consultant in South Africa has all available assay data and is on track to complete the maiden Mineral Resource Estimate for T3 by the end of September.

• Infill drilling of the higher-grade core of the deposit has commenced on 100m by 50m spacing, the first two holes of this infill programme, MO-G-52D and MO-G-53D, have completed to over 194m and have both intersected significant copper mineralisation. The assay results are awaited.

• Key results for latest down-hole intersections include:

• Hole MO-G-44D
• 23.9m @ 1.0% Cu & 5g/t Ag from 33.1m
• 16.0m @ 0.6% Cu & 7g/t Ag from 62.0m

• Hole MO-G-49D
• 9.6m @ 1.1% Cu & 4g/t Ag from 205.5m
• 23.0m @ 1.2% Cu & 22g/t Ag from 275.0m

• Hole MO-G-50D
• 6.0m @ 1.4% Cu & 8g/t Ag from 214.0m
• 8.0m@ 0.8% Cu & 19g/t Ag from 253.0m

• Hole MO-G-51D
• 10.0m @ 1.7% Cu & 21g/t Ag from 210.0m
• 18.2m@ 0.6% Cu & 11g/t Ag from 241.0m

A further four drill holes (MO-G-45D to MO-G-48D) on the southern, up-dip, edge of the Phase 1 resource area did not intersect significant widths of copper or silver mineralisation. Assay results for holes MO-G-40D to MO-G-43D are currently awaited.

All holes were designed to intersect the northerly dipping mineralisation, and are orientated with an azimuth of 160deg and dip of 60deg. MO-G-44D reached a down hole depth of 92m, MO-G-45D reached 116m, MO-G-46D reached 92m, MO-G-47D reached 92m, MO-G-48D reached 80m, MO-G-49D reached 302m, MO-G-50D reached 266m and MO-G-51D reached 274m.

Holes MO-G-44D to MO-G-48D are located on the same E-W profile at 100m spacing, on the southern edge of the resource area. Holes MO-G-49D, MO-G-50D and MO-G-51D are located on the northern edge of the resource area at 100m spacing. A table of the drill collar locations will be provided in a separate MOD release. The remaining assay results will be released as they become available following geological interpretation.

Resource Programme Status & Planned Work

Whilst the resource estimate is scheduled to be completed at the end of September, preliminary contouring of the available assays has been undertaken to highlight trends in the T3 mineralisation.

Plotting copper equivalent (CuEq) intersections for each hole, a function of copper and silver value and intersection width (metre/%), has shown that a high-grade core extends >500m in the southern-central part of the resource area.

Once the T3 Resource is finalised, IP geophysics will be conducted along strike and down-dip from T3, whilst drilling will focus on testing the existing copper/zinc anomalies in the vicinity of the T3 deposit.

Further drilling is also planned to commence at the T2 West and T2 East prospects (20km north of the T3 Resource Drilling area), once the recent reverse circulation drilling and soil assay results have been interpreted.

T3 Scoping Study Update

The T3 scoping study is progressing to plan with the aim of being completed before the end of December, so that a decision on progressing to a pre-feasibility study can be made early in the New Year.

Indicative cost estimates for open-pit mining and plant are currently being provided, by mining consultants and design/construct firms, to feed into the T3 scoping study. Preliminary environmental and social impact studies have also commenced. The final metallurgical testwork results are expected soon.

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).

The Resource work is conducted in line with the JORC 2012 Code and is reviewed 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=5417378

Metal Tiger Plc

ADDITIONAL INVESTMENT GREATLAND GOLD

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce an additional investment in Greatland Gold plc (Greatland Gold)(AIM:GGP).

Metal Tiger today purchased a further 6 million shares in Greatland Gold at 0.174p per share and increased its shareholding to 156 million shares, representing 9.56% of Greatland Golds issued share capital.

Paul Johnson, Chief Executive Officer of Metal Tiger commented Metal Tiger has noted the decline in share price of Greatland Gold and reflecting what we consider to be an oversold sithttp://www.moneyam.com/action/news/showArticle?id=5419150uation have increased our position accordingly.

We consider Greatland Gold to have multiple opportunities for considerable value generation for shareholders both in respect of existing projects and any new ventures with which the company may seek to engage.

The recent decline in share price represents for us a buying opportunity. We intend to capitalise on market price reactions of this nature, enabling us to build positions in undervalued resource companies when the market chooses to offer lower entry prices.

Greatland Gold plc reported an audited loss of £1,168,716 for the year ended 30.06.15 and unaudited net assets of £705,068 at 31.12.15.

MiningMaven Podcast No 46 with Paul Johnson CEO of Metal Tiger #MTR #MOD + Market Sentiment!

Our guest on todays podcast is Paul Johnson CEO of Metal Tiger (LON:MTR) and we cover all the latest news and developments from the Company as well as updates from MOD Resources (ASX:MOD) on Botswana drilling.

We then move on to discuss the current market climate and sentiment with resource stocks. As expected Paul give us his views on the drivers for this and as expected he is not backward in coming forward!

We hope you enjoy listening!

Metal Tiger will be presenting at the MiningMaven Investor Evening on Thursday 22nd September alongside Thor Mining (LON:THR) and W Resources (LON:WRES).

All opinions expressed are those of MiningMaven and the respective guests, unless otherwise stated and should not be construed as investment advise or a recommendation to buy shares in any featured Company.

https://audioboom.com/boos/5076522-miningmaven-podcast-no-46-with-paul-johnson-ceo-of-metal-tiger-mtr-mod-market-sentiment

22nd Sep 'Opportunities in Tungsten + Gold'-UK

Metal Tiger Plc

Botswana T3 Resource Generation Update

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to advise that MOD Resources (ASX:MOD) the Companys Joint Venture partner in Botswana has entered into a trading halt on the ASX until 26 September 2016 pending the release of the maiden JORC compliant resource for the T3 target in the Kalahari Copper Belt.

The trading halt temporarily suspends trading in the shares of MOD resources whilst the company processes price sensitive news and prepares relevant market announcements, in this case in respect of the T3 JORC compliant maiden resource. Following release of the price sensitive news, MOD resources will resume trading on the ASX.

The shares of Metal Tiger will however continue to trade on the AIM market in London and the Board of the Company look forward to releasing details of the T3 maiden resource statement very shortly.

http://www.moneyam.com/action/news/showArticle?id=5419413

Metal Tiger shares up as it increases stake in Greatland Gold
12:04 22 Sep 2016

Earlier this week, Greatland reported anomalous levels of metal typical of a polymetallic VMS-type system at its Bromus project



Shares in resource investor Metal Tiger PLC (LON:MTL) added over 8% as it increased its holding in Australia-focused Greatland Gold plc (LON:GGP).

Metal now holds 9.56% of Greatland's capital, having bought a further 6mln shares at 0.174p.

Earlier this week, Greatland reported anomalous levels of metal typical of a polymetallic VMS-type system at its Bromus project in Western Australia.

Notable grades of silver, zinc, cadmium and sulphur were unearthed with low level nickel intercepts as well.

Metal's chief executive Paul Johnson said today: "Metal Tiger has noted the decline in the share price of Greatland Gold and reflecting what we consider to be an oversold situation have increased our position accordingly.

"We consider Greatland Gold to have multiple opportunities for considerable value generation for shareholders both in respect of existing projects and any new ventures with which the company may seek to engage."

Separately, it said that its partner in Botswana MOD Resources (ASX:MOD) entered a trading halt on the Australian stock exchange, pending the release of a maiden JORC resource for the T3 target in the Kalahari copper belt.

Giles Gwinnett

16:32

Metal Tiger Plc
22 September 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
 
 
Updated Spanish Presentation and Investor Evening 
 
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to advise that an updated presentation focused on its Direct Project in Spain has been uploaded to the Metal Tiger website. A copy of the presentation can be found at the following link:

http://www.metaltigerplc.com/index.php/investors/company-presentation/download?path=22.9.16%2BMTR%2BSPAIN%2BTUNGSTEN%2BAND%2BGOLD%2BMP%2B1.PDF
 
Metal Tiger will be presenting the above presentation this evening at the UK Investor Forums and Mining Maven Investor Evening: Opportunities in Tungsten + Gold alongside Thor Mining and W Resources at The Cote Brasserie, 26 Ludgate Hill, St Pauls, London EC4M 7DR.
Details of the event can be found on the link below:

http://www.eventbrite.co.uk/e/opportunities-in-tungsten-gold-thor-mining-w-resources-metal-tiger-registration-26698979366?utm-medium=discovery&utm-campaign=social&utm-content=attendeeshare&aff=escb&utm-source=cp&utm-term=eventcard

http://www.moneyam.com/action/news/showArticle?id=5419852

Metal Tiger Plc

Thailand Permitting Progress Update

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce positive developments in respect of permitting applications being submitted by our Joint Venture partner, Metal Tiger Thailand (MTT) and in respect of the national exploration programme currently underway.

Highlights:

Experienced permitting team now established in Bangkok office;
Commencement of mine permitting process officially underway;
Positive advancement in Exploration Department of Special Prospecting Licence Applications in multiple provinces; and
Subject to granting of Special Prospecting Licenses Thai geological team gearing up to commence exploration work in respect of existing and new licence areas.

Paul Johnson, Chief Executive Officer of Metal Tiger commented Metal Tiger was pleased to announce during August the commercial agreement in respect of the Boh Yai and Song Toh silver-lead-zinc mines. This agreement marked a major step forward for the Company and its Joint Venture partners in the plan to commence the permitting process for mining lease applications for the 43-101 Compliant Resource of 4,851,000 tonnes and thereafter mine and existing processing plant refurbishment leading to commercial production.

In addition to the latter mines Metal Tiger has exposure to a proactive national exploration programme in Thailand which is making major progress pursuing existing interests and identifying new opportunities.

This announcement provides details of latest developments in this national programme, but is only a small part of the forward news flow we anticipate from Thailand exploration work in the remainder of 2016. Further updates will therefore by definition follow.

Metal Tiger is privileged to be investing in Thailand, a country which offers tremendous geological opportunity. The Thai Joint Venture office is recruiting more Thai professional and administration staff whose energy, dynamism and commitment is invigorating. We are helping to build an ambitious Thai business that has been initially financed through London, but where we anticipate Asian finance will increasingly play a part in financing local activities.

PERMITTING INFORMATION

Chanthaburi Province:

MTT have completed work with the Chanthaburi Provincial Industrial Office to complete the provincial process for Special Prospecting License Application (SPLA) 1/2559.
The Application has now been moved into final approval stages and is under review by the Department of Primary Industry and Mines (DPIM) Sub-Committee.
MTT will continue to liaise with DPIM Bangkok with a view to granting of the Application license.

Prachinburi Province:

The exploration plan and budget for SPLA 1-3/2559 in Prachinburi has been revised and re-submitted to the DPIM Regional Technical Centre and both documents have now been approved. All required documents for the Application have now been completed and the Prachinburi Industrial Office recently proposed the SPLAs to the Provincial Governor for consideration prior to forwarding to the DPIM in Bangkok and the final stages of approval.
MTT will continue its work and liaison the Provincial Industrial Office and thereafter the DPIM Bangkok for the final approval stages in DPIM Bangkok.

Kanchanaburi Province:

SPLA Block 1:
The exploration plan and budget for SPLA 1-2/2559 and SPLA 5-7/2559 in Kanchanaburi have been revised and re-submitted to DPIM Regional Technical Centre. The plan and budget are now under consideration.
MTT continues to work and liaise with the Regional Technical Centre for approval to move the application to DPIM Bangkok.

SPLA Block 2:
The Kanchanaburi SPLA 1/2557 remains with the Provincial Kanchanaburi Industry Office pending decisions on land use with the Provincial Land Reform Office.
MTT is continuing to work with government agencies in Kanchanaburi to progress the SPLA and to secure submission to the DPIM in Bangkok.

Nakon Sawan/Lopburi:

Applications are pending approval of Thailands policy on gold.
MTT is pleased with the careful consideration being given by local and national authorities in the development of its gold policy. We continue to work with the government in this regard and take care to listen to the feedback we are given with regard to progress on policy development.



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=5420124

Link at BOP for full details:

26 September 2016

ANNOUNCES SUBSTANTIAL MAIDEN RESOURCE AT T3

 Maiden resource completed within six months of discovery at T3

 Total mineral resource of 28.36Mt @ 1.24% Cu and 15.7g/t Ag containing
~350kt copper (~772Mlbs copper) and 14.27Moz silver (using a 0.5% Cu
cut-off grade)

 Includes high grade core of 8.48Mt @ 2.16% Cu and 30.6g/t Ag containing

~183kt copper and 8.34Moz silver (using a 1.5% Cu cut-off grade)

 64% of the total resource tonnes are in the Indicated Resource category

 Results exceed MOD’s expectations and compare favourably on a global scale

 Resource remains open down dip and south west of current drilling

MOD Resources Ltd (ASX: MOD) is pleased to announce it has completed a substantial maiden copper/silver resource at T3 within six months of discovery.

T3 forms part of a joint venture between MOD Resources Ltd (70%) and AIM-listed Metal Tiger Plc (30%) in the Kalahari Copper Belt, Botswana.

Combined Indicated and Inferred resource estimates using 0.5% Cu cut-off consist of 28.36Mt @ 1.24% Cu and 15.7g/t Ag, containing approximately 350,200t Cu (~772Mlbs copper) and 14.27 million oz Ag. This includes a high-grade resource using 1.5% Cu cut-off grade which consists of 8.48Mt @ 2.16% Cu and 30.6g/t Ag, containing approximately 182,900t Cu and 8.34 million oz Ag (Table 1).

Importantly, 64% of the total resource tonnes are in the Indicated Resource category demonstrating the excellent continuity of the mineralisation drilled on a 100m by 100m grid pattern (Figure 2).

MOD Resources’ Managing Director, Mr Julian Hanna, said today’s news represented a tremendous milestone for the joint venture and a major step towards MOD’s objective of becoming a long-life, copper producer in Botswana.

“To be able to report 350,000 tonnes of contained copper and more than 14 million ounces of silver in the first resource from a new discovery in a relatively unexplored region is a great achievement for the whole team,” said Mr Hanna.

The unusual geometry of the T3 deposit with wide and continuous zones of shallow dipping mineralisation provides the opportunity for potential low cost open pit mining.

An additional bonus is the large amount of silver (>14Moz) which is expected to be able to be recovered into the copper concentrate, assuming the project goes into commercial production.

“Success at T3 has been achieved in a short time frame and to a very high standard - a credit to all the people on-site, including our many Botswana employees and contractors who have worked hard to achieve this excellent result,” Mr Hanna said.

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01782373

Was watching this film, hence why up:

https://www.bing.com/videos/search?q=winters+bone+music&&view=detail&mid=33FB6BA5F1B754B4BD1333FB6BA5F1B754B4BD13&FORM=VRDGAR

Metal Tiger believes much more to come in Botswana after maiden resource
08:05 26 Sep 2016

The total included a high grade core of 182,900t copper and 8.34Moz silver



Metal Tiger plc (LON:MTR) has identified over 350,000 tonnes of copper so far at its T3 target in Botswana, according to a JORC resource published today.

Total resources were estimated at 28.36Mt at a grade of 1.24% copper and 15.7g/t of silver to give a resource for the prospect of approximately 350,200t.

That Total included a high grade core of 182,900t copper and 8.34Moz silver, while 64% of the total resource tonnes were classified in the higher confidence Indicated Resource category.

Metal Tiger owns 30% of the prospect in the Kalahari copper belt with joint venture partner and operator MOD Resources holding the remaining 70%.

Paul Johnson, Metal Tiger’s chief executive, said that he hoped further exploration would uncover more metal at the site.

“As the deposit remains open down-dip and along strike, where it is being targeted by current drilling, we look forward to the prospect of increasing and upgrading this initial resource.

“Furthermore, T3 is only the first of a series of high profile targets within the highly prospective region covered by the JV licences.

“There is significant likelihood of more discoveries to be made.”

Johnson added that the deposit was only discovered in March in a previously under-explored region and the fact that the majority of the Resource has been classified as Indicated is especially noteworthy.

Philip Whiterow

Metal Tiger’s Botswana copper project moves towards the big leagues
11:53 26 Sep 2016

Significant tonnages are being revealed at the T3 copper project, only six months after its discovery



In double-quick time the T3 copper prospect in north eastern Botswana has gone from grass roots exploration to real development opportunity.

The T3 deposit was only discovered in March but already its owners - joint venture partners MOD Resources (ASX:MOD) and Metal Tiger PLC (LON:MTR) - have been able to prove up a resource of 350,000 tonnes of copper, more than half of it in the indicated category.

What’s more, there is a high grade core of 8.6 mln tonnes of ore grading 2.16% copper and 30.6 grams silver per tonne.

And there could be more to come. The resource remains open down dip and along strike, and the drill rigs are currently turning with a view to adding more resource before too long.

Meanwhile, an open pit mining scoping study is due in December. Already there are clear indications of the thinking of the partners.

“If the deposit is mined the central core of high-grade vein hosted mineralisation may provide an opportunity for early payback of capital,” Metal Tiger said in an update to market.

“The high silver content should provide significant concentrate credits.”

That will be music to the ears of mining investors with shorter-term horizons. But in the long-term what may turn out to be more interesting will be the results of the current drilling.

At 350,000 tonnes, T3 is already making some impact on the global scale. At one end, long-standing London copper miner, Atalaya Mining, is now fully operational on a smaller reserve and resource base.

But on the other hand, the largest undeveloped copper project in the world, which is widely thought to be the Udokan copper project in the Zabaikal region of Russia, boasts 16 mln tonnes of copper in contained reserves alone, never mind the resource.

How far MOD and Metal Tiger can move T3 away from comparisons to the smaller Atalaya resource and up towards the size of Udokan remains to be seen.

It’s worth noting that the combined reserves and resources of BCL, the state copper mining company at Botswana, are nearer in scale to T3, than to Udokan.

That’s no surprise given the shared geological setting, but it does mean that when it comes to development, T3 could end up as a big hitter in the Botswana copper mining scene.

However, further north, in the famous Copper Belt, the mines move into another league.

The KOV mine, held by Katanga has produced over 2 mln tonnes of copper over many decades of production, while the Tenke Fungurume mine held jointly by Lundin and Freeport (NYSE:FCX), holds a contained copper resource base of 3.8 mln tonnes.

Freeport has just inked a deal to sell its 80% stake in Tenke Fungurume to a Chinese company for US$2.65 bn in cash.

It’s quite some world to be moving into.

Alastair Ford

The announcement from MTR this morning, link at BOP for full RNS:

26 September 2016
Metal Tiger Plc

Botswana – T3, Substantial Maiden JORC Compliant Mineral Resource

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 exploration programme 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 the JORC compliant maiden Mineral Resource Estimate for 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. 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: “Together with MOD, our JV partners, we are very pleased to report the maiden Mineral Resource Estimate for our T3 Prospect.

Considering that the deposit was only discovered in March of this year, in a previously under-explored region, it is a real credit to our exploration team and contractors that we have been able to take the project from a grassroots stage, soil anomaly, to defined JORC compliant Resource in only six months.

The fact that the majority of the Resource has been classified as Indicated is especially noteworthy, with indicated resource denoting a higher degree of confidence in the geological knowledge and being necessary for the consideration of economic viability.

With the release of this Resource the project has taken a big step towards our objective of it becoming a low cost, long life Botswanan copper producer.

As the deposit remains open down-dip and along strike, where it is being targeted by current drilling, we look forward to the prospect of increasing and upgrading this initial Resource and to the results of the open-pit mining scoping study due December.

Furthermore, T3 is only the first of a series of high profile targets within the highly prospective region covered by the JV licences. There is significant likelihood of more discoveries to be made and we look forward to providing further information in this regard, in the near future.”

Highlights:

• Total (Indicated & Inferred) Mineral Resource Estimate of 28.36Mt @ 1.24% Cu & 15.7g/t Ag for T3 Prospect, containing approximately 350,200t copper and 14.27Moz silver (at 0.5% copper cut-off grade). JORC compliant, maiden resource, resulting from the Phase 1 Resource Drilling Programme.

• Includes high grade core of 8.48Mt @ 2.16% Cu & 30.6g/t Ag, containing approximately 182,900t copper and 8.34Moz silver (at 1.5% Cu cut-off grade), see T3 Resource Table below.

• 64% of the total resource tonnes classified as Indicated Resource, remainder Inferred category.

• Resource potential remains open down dip to the northeast of the current resource envelope and along strike to the south-west.

• Mineral Resource has been defined along a 1.4km long strike length with the copper and silver sulphide mineralisation best described as a sheeted vein deposit dipping at 25 degrees to the north with a shallow north east plunge.

• Sulphide mineralisation dominated by mainly chalcopyrite with chalcocite and bornite copper sulphides occurring in lesser amounts, is very continuous extending from shallow depth (~35m depth) to the limit of drilling at ~274m depth. Minor copper oxide mineralisation occurs near surface between ~10-25m depth as malachite and chrysocolla.

• Geometry of the deposit, with wide zones of continuous shallow dipping mineralisation provides the potential for low-cost open-pit mining. If the deposit is mined the central core of high-grade vein hosted mineralisation may provide an opportunity for early payback of capital. The high silver content should provide significant concentrate credits.

• Drilling is currently testing for potential extensions to high grade veins north east of the resource and targeting an IP target approximately 500m down dip from the resource. Exploration will also step out along the T3 Dome and surrounding areas to test potential for other deposits of this type.

• T3 Phase One Mineral Resource Table:

The announcement from MTR this morning, link at BOP for full RNS:

http://www.metaltigerplc.com/index.php/investors/latest-news/910-botswana-t3-substantial-maiden-jorc-compliant-mineral-resource-2016-09-26-070700

Video interview:

Metal Tiger - Projects update 
MTR
Mon, 26 Sep 2016, 04:00pm BST

Paul Johnson, Chief Executive Officer, updates us on the recently reported maiden Mineral Resource Estimate for Metal Tiger's T3 Prospect in Botswana, as well as progress being made at projects in Thailand and Spain.

https://www.brrmedia.co.uk/broadcasts/57e90a5ec600a72b523e31d2/metal-tiger-projects-update