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.

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

Investors of both companies are not liking this at all. More gloom tomorrow may be?

Evening driver, it's a bit early to make an informed judgment until more news is forthcoming.

bj
I agree the RNS wasn't very clear more info is needed urgently.
Out of MTR a few weeks back, but still have a link through EUA..

Metal Tiger Plc

Rejection of Indicative Offer


The Company announced on 25 November 2016 that it had received an indicative offer of 0.231 BMR Group plc (BMR or the Potential Offeror) shares for every 1 share in Metal Tiger share from BMR (the Indicative Offer).

The Company would now like to announce that its independent directors, Terry Grammer and Jordan Luckett (together the Independent Directors), have notified BMR that they will not be recommending the Indicative Offer to Metal Tiger shareholders on the basis that it fundamentally undervalues the Company.

The Independent Directors refer to the announcement made on 14 November 2016 in respect of its Joint Venture project with MOD Resources in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger) in which Metal Tiger stated that MOD Resources (ASX:MOD) expects to announce the results of the scoping study for a potential open pit mining operation at T3 to be completed and announced during November 2016.

The Independent Directors recognise that there are synergies between the Companies that could benefit Metal Tiger and its shareholders and, in the event that a significantly improved indicative offer is received from BMR, they confirm that they are willing to enter into negotiations with BMR after the results of the scoping study have been announced.

The Independent Directors note that in accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Takeover Code"), BMR must, by not later than 5.00 p.m. on 23 December 2016 (the "relevant deadline"), either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Takeover Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies.

The Independent Directors have received financial advice from SPARK Advisory Partners Limited (SPARK) on the terms of the Indicative Offer. In providing thisadvice, SPARK has taken into account the commercial assessment of the Independent Directors.

This statement is being made by Metal Tiger without the prior agreement or approval of BMR. Shareholders should be aware that there can be no certainty that an offer will be made.

A further announcement will be made as and when appropriate.

http://www.moneyam.com/action/news/showArticle?id=5455406

Link to the twitter feed for the Mines and Money event that kicked off today:

29 November 2016 
BMR Group PLC ("BMR" or the "Company")

Re Metal Tiger plc
 
The Board of BMR confirms that, further to the announcements of 25 November 2016 and 28 November 2016, it has formally withdrawn its indicative offer and will not make an offer for Metal Tiger plc.
 
This statement is a statement to which Rule 2.8 of the City Code on Takeovers and Mergers applies.

http://www.moneyam.com/action/news/showArticle?id=5456580

The securities of MOD Resources Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday, 2 December 2016 or when the announcement is released to the market.

http://www.asx.com.au/asxpdf/20161130/pdf/43dbvd22yh11hq.pdf

30 November 2016
Metal Tiger Plc

Update on Botswanan Joint Venture Partner

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities notes that MOD Resources, the 70% owner of Metal Tigers Joint Venture in Botswana has today entered into a Trading Halt Session, pending the release of an announcement. Metal Tiger notes that MODs securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday 2, December 2016 or when the announcement is released to the market.

A copy of the announcement released today by MOD Resources can be found at the following link:

http://www.asx.com.au/asxpdf/20161130/pdf/43dbvd22yh11hq.pdf

http://www.moneyam.com/action/news/showArticle?id=5457142

MINES AND MONEY – 30 NOVEMBER 2016
EXCITING NEW COPPER DISCOVERY IN BOTSWANA
MOD RESOURCES LIMITED

EXCITING NEW COPPER DISCOVERY IN BOTSWANA
MOVING RAPIDLY TOWARDS DEVELOPMENT


CONCLUSIONS

1. T3 IS SIGNIFICANT NEW SEDIMENT HOSTED Cu and Ag DISCOVERY
2. SCOPING STUDY FOR OPEN PIT MINE ONLY 9 MONTHS AFTER DISCOVERY
3. TARGET FIRST PRODUCTION 2019. ALIGN WITH POTENTIAL Cu UPLIFT
4. EXCEPTIONALLY LOW COST OF DISCOVERY & RESOURCE DRILLOUT
5. EXCELLENT POTENTIAL FOR NEW DISCOVERIES ALONG T3 DOME
6. MANY OTHER PRIORITY REGIONAL TARGETS TO DRILL IN 2017
7. BOTSWANA HIGHLY RATED FOR EXPLORATION, MINING & INVESTMENT

http://www.modresources.com.au/

Metal Tiger Plc

Further Update on Botswanan Joint Venture Partner

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities notes that MOD Resources, the 70% owner of Metal Tigers Joint Venture in Botswana has today requested for voluntary suspension of its securities on the ASX.

The suspension is pending release of an announcement regarding the results of the scoping study for an open pit mine at its 70%-owned T3 copper-silver deposit in the Kalahari Copper Belt, Botswana which is awaiting completion of the regulators review of the announcement. The Company notes that this suspension was granted and that a copy of the announcement can be found at the link below:

http://www.asx.com.au/asxpdf/20161202/pdf/43dfd42j0hjr4z.pdf

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

http://www.moneyam.com/action/news/showArticle?id=5459146

Metal Tiger Plc

Directorate Change

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resources announces that Alex Borrelli (Chief Executive Officer) and Jordan Luckett (Technical Director) have resigned from the board of the Company, effective immediately.

Terry Grammer has agreed to step down from his role as Non-Executive Chairman and take on a non-executive director role.

The Company is pleased to announce the appointment of Charles Hall as Non-Executive Chairman, Michael McNeilly as Chief Executive Officer, Paul Johnson as Non-Executive Director and Keith Springall as Finance Director and Company Secretary with immediate effect.

Michael McNeilly, incoming Chief Executive Officer commented: It has been a pleasure to work with Alex Borrelli and Jordan Luckett, both highly experienced and exceptionally talented individuals. Alex has made a tremendous contribution to the Company during his 5 years with the business, having helped lead the transition from Brady Exploration plc to Metal Tiger plc. In no uncertain terms the business would not be where it is today without him. I wish Alex the utmost success in his other business ventures and in particular BMR Group plc where he has done a great job in turning around the company. Jordan has been a valuable addition to the team and has given great technical insight on the two key projects, Botswana and Thailand. I look forward to continuing to work with Terry Grammer in his new role as non-executive director and he will continue to play an important role in the business going forward.

I am very grateful for the opportunity to step into this exciting andchallenging role and to work with the newly constituted board to deliver value to shareholders. Charles Hall has been a supportive shareholder of the company and brings with him a wealth of financial and business management experience. Keith Springall has been fundamental on the finance side of the business and will no doubt contribute further valuable strategic insight at the board level. It is also a tremendous pleasure to welcome back Paul Johnson, who previously served as the companys CEO where he was instrumental in building the company and its profile in the market.

I believe the Company is now in a unique position with its two core project investments in Thailand and Botswana and is well placed for value creation and I look forward to working with the board, staff and our joint venture partners to realise value for shareholders from these assets.

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies: ***See Link Below***

http://www.moneyam.com/action/news/showArticle?id=5459794

06/12/2016

MOD Delivers Robust Scoping Study for T3 Project

http://www.asx.com.au/asxpdf/20161206/pdf/43djjltg3dt8gg.pdf

6 December 2016
MOD Resources Limited

REINSTATEMENT TO OFFICIAL QUOTATION

The suspension of trading in the securities of MOD Resources Limited (the “Company”) will be lifted immediately, following receipt of an announcement regarding the results of a scoping study.

http://media.wix.com/ugd/a5d095_7d0ef9b6da854778accf867ebcea1547.pdf

Metal Tiger Plc

Botswana T3, Robust Scoping Study Results

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).

Summary results of the Scoping Study for the Target 3 (T3) Copper-Silver Deposit 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

Michael McNeilly, Chief Executive Officer of Metal Tiger commented: We are delighted to report the robust outcome of this Scoping Study in respect of the T3 Copper-Silver deposit in Botswana in which Metal Tiger has a 30% direct project interest. The preliminary base case NPV amounts to approximately US$180m and the preliminary upside case model NPV amounts to US$297m at $2.53 lb/cu and $3.00 lb/cu.

This data is exceptionally positive particularly given the short period since the original discovery in March 2016, and given the low cost of circa US$2.5m expended by the Joint Venture partners to get to this point. In just over 11 months from first drilling the team has delivered, at very low cost, a Maiden JORC Resource and Scoping Study for an open pit mine at T3. Also of significance, the T3 is only the first of a series of high profile targets within the highly prospective region covered by the Joint Venture Licences, with the T3 Deposit only 1 square kilometre of the approximately 1,000 square kilometres constituting the prospective T3 Dome Structure.

The release of this Scoping Study and the interest shown in the project recently at Mines and Money London marks a major step forward towards the project objective of becoming a low cost, and long life Botswanan copper producer and bodes well for Metal Tiger to consider corporate opportunities. The JV continues its work proactively to develop the T3 deposit and further investigate additional opportunities to add step changing value to the Botswanan Joint Venture through the discovery of further deposits within the licence areas. In this regard, further news is anticipated in the near term.

On a final note, it was great to spend time with Julian Hanna and Jacques Van-Rensburg from MOD Resources before and during Mines and Money London, they have truly delivered on our joint strategy and I would like to extend my thanks to them and the MOD team for their hard work in delivering this result so rapidly."

Highlights: SEE LINK BELOW

http://www.moneyam.com/action/news/showArticle?id=5460973

LICENCE EXTENSIONS GRANTED &
STRONG DRILLING RESULTS AT T3 PROJECT

 Two-year licence extensions granted for 10 JV licences
 Agreement to acquire two additional licences will increase the JV holdings to
~200km of the prospective structural zone which hosts T3

Three wide intersections at T3 reinforce potential to expand the current
resource:

MO-G-56D: 49.7m @ 1.5% Cu and 33g/t Ag from 129.4m
MO-G-57D: 21.5m @ 1.1% Cu and 9g/t Ag from 201.6m
MO-G-58D: 17.6m @ 1.2% Cu and 16g/t Ag from 208.0m
MO-G-59D: 5.6m @ 1.3% Cu and 4g/t Ag from 133.4m and
19.5m @ 1.0% Cu and 7g/t Ag from 142.5m

Drilling focused on T3 host sequence extending 3km west from proposed pit

MOD Resources Ltd (ASX: MOD) is pleased to announce the Botswana Mines Minister has granted two-year extensions for 10 joint venture (JV) licences, including PLs 189/2008 and 190/2008.

The area covers ~918km2 centred around the Company’s T3 Project and a large part of the highly prospective T3 Dome in the Kalahari Copper Belt, Botswana.

The Department of Mines also approved the transfer of the MOD/Metal Tiger Plc JV licences to Tshukudu Metals Botswana (Pty) Ltd to simplify ownership.

In addition, terms have been agreed with a Botswana company for Tshukudu Metals to enter an option agreement to acquire 100% interest in two additional licences immediately west of Ghanzi. These licences include soil and structural targets and extend coverage of the Mahumo Structural Corridor to the Namibian border (Figure 1). As a result, Tshukudu Metals will hold approximately 200km length of this structural zone with numerous quality targets to be tested over two years.

The Mahumo Structural Corridor is interpreted to host >3Mt copper in announced resources in copper/silver deposits on neighbouring licences held by Cupric Canyon Capital. MOD’s recently announced resource and scoping study for an open pit mine and processing plant at T3, as well as drilling at T1, T2 and T4 and an extensive area of MOD/Metal Tiger JV licences which remain effectively untested, all form part of the Mahumo Structural Corridor.

MOD Managing Director, Mr Julian Hanna, said the licence renewals allow the joint venture to continue extensive exploration along the 50km T3 Dome and several other high priority targets.

“We will now commence the T3 pre-feasibility study with added confidence that the tenure of the licences is secure,” said Mr Hanna. “I would like to thank everyone involved with the licence renewal process for their work and support.”

https://hotcopper.com.au/threads/ann-licence-extensions-granted-and-strong-drilling-results-at-t3.3102485/#.WEn7quRvjmE

09 December 2016
Metal Tiger plc

Strategic Update

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resources is pleased to announce a strategic update for shareholders.

The Board of the Company has noted the volatility of the share price following the announcement made on 25 November 2016 regarding a potential offer for Metal Tiger which was subsequently rejected by the Companys independent directors on the basis that the offer fundamentally undervalued the Company.

Notwithstanding that rejection, the Directors believe that circumstances of the potential offer have led to recent instability in the market and in light of this a significant restructuring of the Board and management of the Company has occurred.

The Board would like to note that despite the fundamentally undervalued potential offer and the subsequent volatility, the Company's key interests continue to make substantial progress with 2017 expected to deliver further key milestones. It is in that regard and with proper recognition of shareholder feedback of late, the Board would like to confirm the current status and strategic plans with respect to its core business interests.

Botswana Copper-Silver (Metal Tiger 30%):
The Company's Botswanan Joint Venture continues to move at a highly efficient pace. From first discovery of the copper-silver deposit at T3 in March 2016, a material maiden resource statement has been completed in September 2016 and an economically robust Scoping Study published earlier this week.

The Scoping Study demonstrated a base case NPV(10%) of US$180m at a US$2.53/lb copper price (consensus price Oct16). With the current copper spot price at circa 2.64$/lb the Directors see a possible valuation upside should the copper price out perform the October consensus.

On a macro level the Directors believe that should the T3 project be taken into production it will commence operations in a supply-deficit market that will occur in 2019/2020 and that increasing demand from emerging markets in China and elsewhere, infrastructure programmes, consumer goods demand and new technologies (eg. renewable energy and electric vehicles), will provide further upside.

The Directors believe that the high quality of the concentrate to be produced from the open pit mine at T3 will be in high demand as a blend to lower quality copper concentrates and therefore should command a higher price because of this.

On the exploration side, the resource as outlined is across only one square kilometre of the 1,000 square kilometres representing the prospective T3 dome structure. The Joint Venture has multiple additional targets within T3 and elsewhere across its extensive 6,500 square kilometre Kalahari Copper Belt licences.

Given the highly prospective nature of the JV licence and surrounding T3 land, the Directors believe the most accretive activity in 2017 will be further near project exploration as this has the best potential to deliver increased return on investment. Additionally, given the proximity of the targets, any additional resource is not expected to materially increase the Capex requirements for the project and therefore one could expect that should similar deposits to T3 be located and proven the result should significantly increase the NPV of the project.

The Directors believe that any such discoveries could quickly be incorporated into the pre-feasibility / definitive feasibility study and create a spoke-hub model whereby several deposits feed the processing plant. As it stands the Directors note that any 2017 work programme will be subject to both MTR and MOD being able to finance their respective portions.

Metal Tiger holds a 30% stake in this project and has experienced significant interest in our position from third parties. In this regard the Joint Venture has been party to a number of Non-Disclosure Agreements with third parties expressing an interest in the project and several of these parties are on-site in Botswana currently. In addition, Metal Tiger received an unsolicited cash bid subject to due diligence to acquire our 30% position prior to the release of the Scoping Study. This approach was rejected as undervaluing Metal Tiger's strategic project stake but demonstrated the extent of interest in this project.

The Directors note that during MODs recent visit to London, Michael McNeilly, whom at the time was Company Secretary and Commercial Manager, Julian Hanna (MD of MOD Resources Ltd) and Jacques Van Rensburg (Exploration Manager for MOD Resources Ltd) attended several meetings with private equity investors interested in the Botswanan project and that a variety of different options were discussed and are actively being assessed by both parties.

The Board is proactively working with its joint venture partners MOD Resources to gather as much knowledge regarding the Botswanan project mineralisation in general and to push the project towards development and further exploration. In this regard Terry Grammer remains on the exploration advisory team of the Joint Venture alongside Julian Hanna and Jacques Van Rensburg.

Thailand Silver-Lead-Zinc (Metal Tiger Interest 77.9%):
Our Joint Venture in Thailand continues to progress with the steps being implemented to secure mining permits for the two silver-lead-zinc mines in Kanchanthaburi province, located in north west Thailand.

Various project, baseline water studies, environmental, mine planning and community studies are underway and yielding positive commercial and social results.
The team is focused on developing a safe and secure operating mine and processing plant facility for the primary benefit of the Thai people and in manner that demonstrates the ability of respectful international companies to achieve a positive commercial outcome from their investment in Thailand, its resources and its people.

The team is focused on developing a project that has substantial longevity and in this regard are actively working with Bara Consulting to assess the potential to add to the 2012 NI-43-101 Resource. In particular this work is focused on the portions of the Boh-Yai mine where there is more significant zinc potential. There is a significant amount of historical drill logs, maps and other information that is in the process of being assessed by Bara Consulting and the Directors are confident that such efforts will lead to results that can be assessed by a competent person and added to the resource in an updated NI-43-101 report.

Spain Tungsten-Gold-Antimony (Metal Tiger interest - 50%):
Work has continued at pace on the Maria Gold/Antimony and Logrosan Tungsten/Gold Joint Ventures. The Company with its advisers is currently assessing the latest exploration data from which we can confirm positive findings have been achieved notably in respect of additional gold/antimony mineralisation identified through our partners drilling programme and other activities.

We will provide further Spanish updates in the near term.

Pipeline:
Metal Tigers core projects outlined above and notably those held in Botswana and Thailand, offer, in the Boards view, an inherent value considerably higher than the current market capitalisation. This has been validated by previous analyst reports and a new broker note to be released shortly.

It is therefore incumbent on the Board to focus Company resources in furthering our core Metal Projects and ensuring the valuation thereof is properly reflected in our market valuation.

The Board consider that adding new project interests into Metal Tiger is not necessary and would not add any additional value in the eyes of investors. New projects within the Companys pipeline, and non-core project interests within the Company will be vended into other vehicles or disposed.

Asset Trading:
We recognise shareholders desire to see Company resources invested in our key Metal Projects and not necessarily invested into other resource companies through equity investments undertaken by our Asset Trading division.

The Board are therefore of the opinion that no new funds should be allocated to making further investments unless they are derived out of the profits from the Asset Trading division and in any event, should only be allocated to investments of strategic importance. An example of a strategic investment would be to use the profits to exercise warrants that are in the money. Profits generated by the Asset Trading division will be primarily allocated towards financing existing Metal Projects.

In Summation:
Metal Tiger has, in the Boards opinion, two unique and highly valuable project development interests in Botswana and Thailand, and a highly promising exploration interest in Spain.

We intend to aggressively pursue the furtherance of our Metal Projects division, and proactively articulate to market the inherent value in each of our interests.
The new Board would like to thank shareholders for their support.

http://www.moneyam.com/action/news/showArticle?id=5462913

Metal Tiger Plc

Botswana Copper/Silver Project - Licence Extensions and Drill Results

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 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 JV licence extensions, licence acquisitions and infill diamond drilling results for the T3 Deposit Resource 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 licences and the reported infill drill collar locations. This announcement can be viewed through the following link:

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

Michael McNeilly Chief Executive Officer of Metal Tiger commented
With the grant of the 10 licence extensions and the agreement to acquire two new concessions the joint venture has increased our ground holding over the Kalahari Copper Belt and crucially we have secured the westward extension of the T3 host structure right up to the Namibian border.

We are encouraged by the results of the infill drilling which show that there is good potential for not only increasing the current total Resource but upgrading more of it into the Indicated category. Furthermore, we have the prospect of the current RC drilling and planned infill drilling extending the currently open mineralisation westwards.

With a pipeline of numerous quality exploration targets and reinforced by the robust T3 Scoping Study results released on Tuesday, our commitment to this exciting Project is justifiably reinforced.

Highlights:
Infill diamond drilling results reinforce the potential to expand and upgrade the current T3 Mineral Resource. Wide intercepts include:
MO-G-56D 49.7m @ 1.5% Cu & 33g/t Ag from 129.4m
MO-G-57D 21.5m @ 1.1% Cu & 9g/t Ag from 201.6m
MO-G-58D 17.6m @ 1.2% Cu & 16g/t Ag from 208.0m
MO-G-59D 19.5m @ 1.0% Cu & 7g/t Ag from 142.5m

Two-year licence extensions have been granted for 10 JV licences.
Agreement to acquire two additional licences will secure circa 200km of the prospective structural zone which hosts the T3 Resource.
RC drilling is currently testing the T3 host sequence extending up to 3km west of proposed open-pit.

Licences Extensions
Botswana Mines Minister has granted two-year extensions for 10 joint venture (JV) licences which cover 4,444km2 of the 6,287km2 of Kalahari Copper Belt currently held by the JV. Renewals will now fall due on 31 December 2018.

The extensions include PL189/2008 and PL190/2008 the two licences which cover 918km2 of the highly prospective T3 Dome and contain the T3 Deposit.

The Department of Mines also approved the transfer of the MOD/Metal Tiger Plc JV licences to Tshukudu Metals Botswana (Pty) Ltd to simplify ownership. Tshukudu Metals Botswana (Pty) is the wholly owned subsidiary of the UK registered JV company Metal Capital Ltd.

Licence Acquisitions
Terms have been agreed on an option agreement for Tshukudu Metals to acquire a 100% interest in two prospective licences, from a Botswanan company.

The two licenses located west of Ghanzi, include soil geochemical and structural targets and will extend coverage to the Namibia border and secure the circa 200km of the prospective structural corridor which hosts the T3 Deposit.

The addition of these two licences will bring the total JV landholding to 7,297km2.

Infill Drilling Results
Assay results have been received for a further four infill diamond drill (DD) holes (MO-G-56D, MO-G-57D, MO-G-58D & MO-G-59D) within the northeast and western parts of the T3 Resource area. The assays show wide intersections of 1-2% copper mineralisation, helping to build on the Resource Model used in the recently announced T3 Scoping Study.

Assay results from MO-T3U-02D, the deep hole to test an IP anomaly down dip from the T3 Resourced, are currently awaited.

Further drilling is planned to test the open westerly strike extension of the Resource, in early 2017. The western most drill hole traverse in the resource includes 24m @ 1.4% Cu and 14g/t Ag intersection in RC hole MO-G-23R (announced on 26 July 2016).

Key results for down-hole intersections include:
Hole MO-G-56D
49.7m @ 1.5% Cu & 33g/t Ag from 129.4m, including:
3.7m @ 9.7% Cu & 339g/t Ag from 174.4m (cut to 15% Cu)
Hole MO-G-57D
21.5m @ 1.1% Cu & 9g/t Ag from 201.6m, including:
4.3m @ 2.3% Cu & 24g/t Ag from 210.2m
Hole MO-G-58D
17.6m @ 1.2% Cu & 16g/t Ag from 208.0m, including:
Hole MO-G-59D
5.6m @ 1.3% Cu & 4g/t Ag from 133.4m
19.5m @ 1.0% Cu & 7g/t Ag from 142.5m

The four infill holes are orientated with a azimuth of 160deg and dip of 60deg. MO-G-57D and MO-G-58D are located in the NE of the Resource area and were designed to intersect the northerly dipping mineralisation at depth, whilst MO-G-56D and MO-G-59 are within the western part of the Resource area. MO-G-56D reached a down hole depth of 191m, MO-G-57D reached 271m, MO-G-58D reached 275m and MO-G-59D reached 194m. 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.

T3 Prospect Expansion
The fourth diamond drill rig has commenced testing targets outside of the current resource drilling area, these targets include; an induced polarisation (IP) geophysics chargeability anomaly 300m down dip from the deepest hole to date (MO-G-07D); an IP chargeability anomaly 1km south of current drilling; and a possible fault displacement of the target sequence 300m west of the resource area.
The reverse circulation (RC) drilling rig continues to test the eastern 3km long copper/zinc anomaly, at a location approximately 3km east of the T3 Resource drilling area.

As part of the continuing T3 prospect expansion, further IP geophysics traverses are also planned this month to identify possible sulphide targets elsewhere on the T3 Dome.

Continuing Exploration
Following on from the completion of the T3 Scoping Study completed and with the Prefeasibility Study scheduled to commence in early 2017, the JV is now testing the potential of the sediment sequence that hosts the T3 mineralisation (Target Sequence) along strike and down dip from the planned open pit mine.
RC drilling is currently focussed on an area extending up to 3km west of the T3 Resource, a further update with these results is expected soon.

Location
The T3 Resource 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 section and tabulated assay data in their news release dated 9 December 2016.

The T3 Prospect geological data and exploration results have been reviewed and approved by Jacques Janse van Rensburg, BSc (Hons), Technical Adviser and Competent Person for MOD Resources Ltd.

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=5463028

Metal Tiger shares surge as drilling reinforces potential to upgrade Botswana resource
07:52 09 Dec 2016

The group laid out its strategic plans today following a board reshuffle and rejected offer



Shares in resource investor Metal Tiger plc (LON:MTR) surged as it said drilling at the T3 target in Botswana had reinforced the potential to expand and upgrade the resource there.

Infill drilling reported wide intercepts, including 49.7 metres at 1.5% copper and 33g/t (grammes per tonne) of silver from 129.4 metres.

Another hole showed 17.6 metres at 1.2% copper and 16g/t (grammes per tonne) silver from 208m.

In addition, Metal said the acquisition of two licences will bring the joint venture's total landholding to 7,297 sq km and extend the footprint to the border with Namibia.

Ten of the venture's licences have also been renewed for two years by the relevant Botswana authority and the renewal now falls due at the end of December, 2018.

More immediately, following the robust scoping study earlier this week, and the pre-feasibility study scheduled to begin in early 2017, the joint venture is now testing the sequence that hosts the T3 mineralisation along strike and down dip from the planned open pit mine.

In a separate announcement earlier, the group fleshed out its credentials to the market following the recent significant restructuring of its board and a rejected offer for the group.

It has two "unique and highly valuable" project development interests in Botswana and Thailand and a highly promising exploration interest in Spain, it said in an update.

An indicative offer was received last month from BMR, which was rejected by the independent directors on the basis it undervalued the company.

BMR then withdrew its offer and said it would not make another.

Metal today confirmed its key interests are to continue to make substantial progress with 2017, which are expected to deliver key milestones. It noted the share price volatility since the offer.

This week a scoping study at its Botswana joint venture with MOD Resources showed a base case NPV (net present value) of US$180mln at US$2.53 per pound of copper - the current spot price is around US$2.64 per pound.

The firm reckons the T3 open pit project if it goes into production will start in a supply-deficit market in 2019/2020 and that increasing demand from emerging markets will provide further upside.

The focus next year will be exploration near the project site as the current resource lies only across one square kilometre of the 1,000 square kilometre of the prospective T3 structure.

In Thailand, the silver-lead-zinc joint venture continues with bids to secure mining permits for the two mines. Baseline water studies, environmental, mine planning and community studies are underway and yielding positive commercial and social results.

In Spain, work has continued at pace on the Maria Gold/Antimony and Logrosan Tungsten/Gold joint ventures and the team are currently assessing the latest exploration data.

Giles Gwinnett

Brokers note for MOD came out 9th Dec.






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Great price and time to invest in Metal Tiger.

Good news from Thailand.





hxxp://www.standard.net.au/story/4348437/kingsgate-gold-mine-thrown-a-lifeline-as-thai-authorities-pass-mineral-bill/


Relevant post from other board.

Thailand news is highly material as nothing priced in whatsoever currently. Remember that already has a $74m npv and there is huge exploration upside. If, as appears to be the case, the new regime are mining friendly then suddenly this asset will be looked at with renewed appetite.