10 February 2017
Metal Tiger Plc
Thailand Timeline
Metal Tiger (LON: MTR), the natural resources investing company wishes to highlight that a copy of an estimated 2017 time line for the Thai Joint Venture including envisaged IPO is now available at the following link:
http://www.metaltigerplc.com/index.php/timeline/download?path=Downloads%252FTime%2BLine.pdf
Project Progress:
It is also worth noting the progress of the following studies:
- The Mine Plan is substantially complete and the update of the Resource is progressing at pace with the team working to a tight deadline. The building of a 3D model of the two mines using historical production, drill core, stope sampling, and lithological interpretation data, all digitalized from hand drawn maps and log books into mapping formats is supporting the process. The Mine Plan will be amended once the Resource has been updated. Translation into Thai for submission is about to commence.
- Work towards the Environmental Impact Assessment report is underway, as is data collection for a Hydrogeology Study that will produce a subsurface water flow model.
- A wet season environmental baseline study has been completed.
- The Economic Contribution Assessment has been completed but will be updated following the Resource update.
- Nineteen 2-2.5m deep channel samples have been taken from the tailings pond for analysis.
It is also worth noting that the team has the benefit of several studies and work concluded during 2011-2013 by the previous owners of the project, including:
- Tailings pond expansion plan
- Geotechnical study
- Site rehabilitation and reclamation plan
- NI 43-101 and Preliminary Economic Assessment model
- Exploration work, including rock chip sampling, soil geochemistry, ground IP geophysics, airborne magnetics and radiometrics.
Michael McNeilly, CEO of Metal Tiger plc commented: "The management team for the Thai Joint Venture has significant in country project development and operating expertise and this is proving invaluable and being demonstrated through the progress occurring to complete the studies before the envisaged IPO towards the end of Q2 2017. Further updates will be made in due course with regard to the IPO progress as well as Board composition of the Thai Listco."
http://www.moneyam.com/action/news/showArticle?id=5494611