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Metal Tiger PLC (MTR)
banjomick
- 10 May 2016 16:21
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
banjomick
- 06 Jul 2017 08:36
- 350 of 474
6 July 2017
Metal Tiger Plc
Botswana Copper/Silver Project Airborne EM Survey & Permitting Update
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update regarding 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). Metal Tiger also holds 91,121,626 MOD shares, equivalent to 4.88% of MODs issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JVs local operating company Tshukudu Metals Botswana (Pty) Ltd. (Tshukudu).
Highlights:
.Airborne Electro-magnetic (AEM) trial survey successfully identified a distinctive geophysical anomaly coincident with the T3 Deposit. Airborne EM shown to be a valid methodology for identifying T3 scale deposits.
.AEM geophysics survey was extended to increase coverage along a circa 50km strike on the T3 Dome axis, with objective of identifying new targets along the wider T3 Dome structure.
.Preliminary interpretation of data has identified other AEM anomalies. Full interpretation currently underway by Botswanan geophysical consultancy, to prioritise the anomalies for drill testing.
.Botswana Department of Environmental Affairs (DEA) has authorised the T3 Environmental Management Plan (EMP) to proceed to a 4-week public review period to commence 7 July 2017.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are delighted to report that high-resolution Airborne Electro-Magnetic geophysics appears to be an important new tool in the JVs copper exploration arsenal, successfully identifying a distinct geophysical anomaly consistent with the T3 Deposit.
We are hopeful that AEM geophysics could now hold the key to fast tracking the localisation of further T3 Type copper/silver deposits in what is an extensive, yet highly prospective, concession portfolio.
Whilst Tshukudus geophysical consultants are still undertaking the geophysical data interpretation, preliminary interpretation indicates that the survey may have identified a number of other AEM anomalies along a 50km stretch of the T3 Dome and we look forward to receiving the finalised findings and reporting these to our shareholders in due course.
Finally, it is highly encouraging that the DEA has authorised the T3 Environmental Management Plan which is now entering a 4-week public review period from 7 July 2017. As the precursor for granting, should this be successful it will allow for drilling to recommence at T3 and surrounding targets.
For further images and diagrams that may assist readers in the visualisation of the mineralisation and the reported drill collar locations, we would refer to the announcement released today by MOD Resources. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Shareholders should note that the timing of MOD announcements are outside the control of MTR, however MTR does its utmost to announce the drill results and important updates as soon as practicable after MOD makes its announcement to the ASX. MTR are only made aware of drill results and important updates immediately prior to the MOD release.
Details of T3 Dome Airborne Electro-Magnetic Geophysics Survey
.Airborne Electro-Magnetic (AEM) trial survey successfully commenced 19 June (announced 20 June 2017).
.Initial survey area, the Trial Block, included ground surrounding T3, in order to test that the AEM geophysical technique could detect mineralisation at a similar size and depth as the T3 Deposit. Previous ground geophysics had shown a distinctive IP chargeability anomaly associated with the T3 Deposit (announced 24 May 2017).
.Test survey successfully identified the distinctive geophysical anomaly coincident with the T3 Deposit, indicating AEM to be a valid methodology for identifying T3 type deposits.
.Following success over the Trial Block, the survey was initially extended onto adjacent areas, Block 1 and Block 2, then extended westwards along the T3 Dome (Block 3), with the objective of identifying new targets along the wider T3 Dome structural corridor.
.Resulting AEM coverage totals a 50km strike length along the T3 Dome axis.
.Survey was conducted by South African geophysical contractors NRG Geophysics using a helicopter-borne 18.4m transmitter loop at 30-40m survey altitude, with 200m spaced flight lines and a 3km minimum line length, to achieve high-resolution survey data.
.Survey equipment consists a Xcite" Coincident Tx-Rx EM sensor, together with a Single Sensor Scintrex CS3 (15 000 105 000 nT) magnetometer.
.AEM has proved to be a fast track exploration tool for this very prospective region.
.The AEM data is being interpreted in conjunction with geological, structural and surface geochemical datasets by Botswanan consultants Spectral Geophysics.
.Interpretation report will seek to identify AEM anomalies as potential exploration targets and prioritise subsequent drill testing.
.Details of the interpretation findings will be announced once the study has been finalised.
Update on T3 Drilling Permissions
.Botswana Department of Environmental Affairs (DEA) has authorised the T3 Environmental Management Plan (EMP) to proceed to a 4-week public review period to commence 7 July 2017.
.The public review is the precursor to the EMP authorisation. Where granted the EMP authorisation will allow the next phase of drilling to commence at T3 and surrounding targets.
.Tshukudus environmental consultants are also preparing applications to obtain DEA permissions to drill other high priority targets including those at T20 Dome (announced 20 June 2017).
Background
The T3 Project 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 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 T3 deposit was discovered in March 2016 when a reverse circulation (RC) drill hole intersected 52m @ 2.0% Cu and 32g/t Ag from shallow depth. The maiden T3 JORC compliant Mineral Resource was announced on 26 September 2016. The results of a Scoping Study for an open pit mine at T3 with a 2Mtpa processing plant, an indicative mine life of 10 years and an average production rate of 21,800tpa of copper and 665,000oz pa of silver was released on 6 December 2016. Work on a Pre-Feasibility Study (PFS) commenced in January 2017 and additional deeper copper mineralisation was discovered below the T3 Resource in February 2017.
http://www.moneyam.com/action/news/showArticle?id=5580961
Metal Tiger Plc
Botswana Copper/Silver Project Airborne EM Survey & Permitting Update
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update regarding 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). Metal Tiger also holds 91,121,626 MOD shares, equivalent to 4.88% of MODs issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JVs local operating company Tshukudu Metals Botswana (Pty) Ltd. (Tshukudu).
Highlights:
.Airborne Electro-magnetic (AEM) trial survey successfully identified a distinctive geophysical anomaly coincident with the T3 Deposit. Airborne EM shown to be a valid methodology for identifying T3 scale deposits.
.AEM geophysics survey was extended to increase coverage along a circa 50km strike on the T3 Dome axis, with objective of identifying new targets along the wider T3 Dome structure.
.Preliminary interpretation of data has identified other AEM anomalies. Full interpretation currently underway by Botswanan geophysical consultancy, to prioritise the anomalies for drill testing.
.Botswana Department of Environmental Affairs (DEA) has authorised the T3 Environmental Management Plan (EMP) to proceed to a 4-week public review period to commence 7 July 2017.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are delighted to report that high-resolution Airborne Electro-Magnetic geophysics appears to be an important new tool in the JVs copper exploration arsenal, successfully identifying a distinct geophysical anomaly consistent with the T3 Deposit.
We are hopeful that AEM geophysics could now hold the key to fast tracking the localisation of further T3 Type copper/silver deposits in what is an extensive, yet highly prospective, concession portfolio.
Whilst Tshukudus geophysical consultants are still undertaking the geophysical data interpretation, preliminary interpretation indicates that the survey may have identified a number of other AEM anomalies along a 50km stretch of the T3 Dome and we look forward to receiving the finalised findings and reporting these to our shareholders in due course.
Finally, it is highly encouraging that the DEA has authorised the T3 Environmental Management Plan which is now entering a 4-week public review period from 7 July 2017. As the precursor for granting, should this be successful it will allow for drilling to recommence at T3 and surrounding targets.
For further images and diagrams that may assist readers in the visualisation of the mineralisation and the reported drill collar locations, we would refer to the announcement released today by MOD Resources. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Shareholders should note that the timing of MOD announcements are outside the control of MTR, however MTR does its utmost to announce the drill results and important updates as soon as practicable after MOD makes its announcement to the ASX. MTR are only made aware of drill results and important updates immediately prior to the MOD release.
Details of T3 Dome Airborne Electro-Magnetic Geophysics Survey
.Airborne Electro-Magnetic (AEM) trial survey successfully commenced 19 June (announced 20 June 2017).
.Initial survey area, the Trial Block, included ground surrounding T3, in order to test that the AEM geophysical technique could detect mineralisation at a similar size and depth as the T3 Deposit. Previous ground geophysics had shown a distinctive IP chargeability anomaly associated with the T3 Deposit (announced 24 May 2017).
.Test survey successfully identified the distinctive geophysical anomaly coincident with the T3 Deposit, indicating AEM to be a valid methodology for identifying T3 type deposits.
.Following success over the Trial Block, the survey was initially extended onto adjacent areas, Block 1 and Block 2, then extended westwards along the T3 Dome (Block 3), with the objective of identifying new targets along the wider T3 Dome structural corridor.
.Resulting AEM coverage totals a 50km strike length along the T3 Dome axis.
.Survey was conducted by South African geophysical contractors NRG Geophysics using a helicopter-borne 18.4m transmitter loop at 30-40m survey altitude, with 200m spaced flight lines and a 3km minimum line length, to achieve high-resolution survey data.
.Survey equipment consists a Xcite" Coincident Tx-Rx EM sensor, together with a Single Sensor Scintrex CS3 (15 000 105 000 nT) magnetometer.
.AEM has proved to be a fast track exploration tool for this very prospective region.
.The AEM data is being interpreted in conjunction with geological, structural and surface geochemical datasets by Botswanan consultants Spectral Geophysics.
.Interpretation report will seek to identify AEM anomalies as potential exploration targets and prioritise subsequent drill testing.
.Details of the interpretation findings will be announced once the study has been finalised.
Update on T3 Drilling Permissions
.Botswana Department of Environmental Affairs (DEA) has authorised the T3 Environmental Management Plan (EMP) to proceed to a 4-week public review period to commence 7 July 2017.
.The public review is the precursor to the EMP authorisation. Where granted the EMP authorisation will allow the next phase of drilling to commence at T3 and surrounding targets.
.Tshukudus environmental consultants are also preparing applications to obtain DEA permissions to drill other high priority targets including those at T20 Dome (announced 20 June 2017).
Background
The T3 Project 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 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 T3 deposit was discovered in March 2016 when a reverse circulation (RC) drill hole intersected 52m @ 2.0% Cu and 32g/t Ag from shallow depth. The maiden T3 JORC compliant Mineral Resource was announced on 26 September 2016. The results of a Scoping Study for an open pit mine at T3 with a 2Mtpa processing plant, an indicative mine life of 10 years and an average production rate of 21,800tpa of copper and 665,000oz pa of silver was released on 6 December 2016. Work on a Pre-Feasibility Study (PFS) commenced in January 2017 and additional deeper copper mineralisation was discovered below the T3 Resource in February 2017.
http://www.moneyam.com/action/news/showArticle?id=5580961
geoffsh - 08 Jul 2017 21:33 - 351 of 474
Worth a look for any recent investors or long term shareholders while we are waiting.
http://docs.wixstatic.com/ugd/a5d095_e3783300b69c4168b2d5ceca6e52c6ec.pdf
http://docs.wixstatic.com/ugd/a5d095_e3783300b69c4168b2d5ceca6e52c6ec.pdf
banjomick
- 11 Jul 2017 08:09
- 352 of 474
11 July 2017
Metal Tiger Plc
Issue of Equity for Services
Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce that it has agreed to issue 1,979,373 new ordinary shares in lieu of cash for professional services provided to the Company.
The shares 1,979,373 were issued at the 15 day VWAP to the close on the 7th July 2017 being 2.09382 pence per share. This represents a slight premium to the closing share price on the 7th July 2017.
In addition, a former director has exercised 2,500,000 share options priced at 1p per share.
The 4,479,373 new ordinary shares are expected to be admitted to trading on or around 14 July 2017. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 968,003,768. 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 of 968,003,768 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.
http://www.moneyam.com/action/news/showArticle?id=5583387
Metal Tiger Plc
Issue of Equity for Services
Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce that it has agreed to issue 1,979,373 new ordinary shares in lieu of cash for professional services provided to the Company.
The shares 1,979,373 were issued at the 15 day VWAP to the close on the 7th July 2017 being 2.09382 pence per share. This represents a slight premium to the closing share price on the 7th July 2017.
In addition, a former director has exercised 2,500,000 share options priced at 1p per share.
The 4,479,373 new ordinary shares are expected to be admitted to trading on or around 14 July 2017. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 968,003,768. 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 of 968,003,768 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.
http://www.moneyam.com/action/news/showArticle?id=5583387
banjomick
- 17 Jul 2017 08:46
- 353 of 474
17 July 2017
Metal Tiger Plc
Botswana Copper/Silver Project T3 Progress Update
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update regarding 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). Metal Tiger also holds 91,795,214 MOD shares, equivalent to 4.86% of MODs issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JVs local operating company Tshukudu Metals Botswana (Pty) Ltd. (Tshukudu).
Highlights:
. All sample assays received from previous infill / extensional drilling.
. Results from updated Mineral Resource Estimate to include Zones 1 & Zone 2 expected early August.
. Prefeasibility Study elements making good progress, on track for completion Q4 2017.
. T3 drilling targeted to resume in early August following the Environmental Management Plan public review period.
, Ongoing Airborne Electromagnetic geophysics data indicates potential for multiple new targets.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are pleased to report that with the previously outstanding drill hole assay results now being sent to the projects resource consultant in South Africa, we anticipate being able to release an updated and enlarged, T3 Mineral Resource Estimate incorporating the results of the infill drilling and the underlying Zone 2 mineralisation during August.
As well as being an important project metric, the updated T3 Resource will feed directly into the mining and geotechnical work streams of the T3 open-pit Pre-Feasibility Study which is progressing well and is expected to be completed around November 2017.
For further images and diagrams that may assist readers in the visualisation of the mineralisation and the reported drill collar locations, we would refer to the announcement released today by MOD Resources. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Shareholders should note that the timing of MOD announcements are outside the control of MTR, however MTR does its utmost to announce the drill results and important updates as soon as practicable after MOD makes its announcement to the ASX. MTR are only made aware of drill results and important updates immediately prior to the MOD release.
Resource Infill / Extension Drilling Results
***See link below for further details***
http://www.moneyam.com/action/news/showArticle?id=5586482
Metal Tiger Plc
Botswana Copper/Silver Project T3 Progress Update
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update regarding 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). Metal Tiger also holds 91,795,214 MOD shares, equivalent to 4.86% of MODs issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JVs local operating company Tshukudu Metals Botswana (Pty) Ltd. (Tshukudu).
Highlights:
. All sample assays received from previous infill / extensional drilling.
. Results from updated Mineral Resource Estimate to include Zones 1 & Zone 2 expected early August.
. Prefeasibility Study elements making good progress, on track for completion Q4 2017.
. T3 drilling targeted to resume in early August following the Environmental Management Plan public review period.
, Ongoing Airborne Electromagnetic geophysics data indicates potential for multiple new targets.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are pleased to report that with the previously outstanding drill hole assay results now being sent to the projects resource consultant in South Africa, we anticipate being able to release an updated and enlarged, T3 Mineral Resource Estimate incorporating the results of the infill drilling and the underlying Zone 2 mineralisation during August.
As well as being an important project metric, the updated T3 Resource will feed directly into the mining and geotechnical work streams of the T3 open-pit Pre-Feasibility Study which is progressing well and is expected to be completed around November 2017.
For further images and diagrams that may assist readers in the visualisation of the mineralisation and the reported drill collar locations, we would refer to the announcement released today by MOD Resources. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Shareholders should note that the timing of MOD announcements are outside the control of MTR, however MTR does its utmost to announce the drill results and important updates as soon as practicable after MOD makes its announcement to the ASX. MTR are only made aware of drill results and important updates immediately prior to the MOD release.
Resource Infill / Extension Drilling Results
***See link below for further details***
http://www.moneyam.com/action/news/showArticle?id=5586482
banjomick
- 20 Jul 2017 13:17
- 354 of 474
20 July 2017
Metal Tiger Plc
Change of Nominated Adviser / Broker
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announces the appointment, with immediate effect, of RFC Ambrian as its joint corporate broker and Nominated Advisor, alongside its existing joint corporate brokers, SI Capital and VSA Capital Limited.
RFC Ambrian is a leading natural resource focussed independent adviser with global reach.
http://www.moneyam.com/action/news/showArticle?id=5594924
Metal Tiger Plc
Change of Nominated Adviser / Broker
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announces the appointment, with immediate effect, of RFC Ambrian as its joint corporate broker and Nominated Advisor, alongside its existing joint corporate brokers, SI Capital and VSA Capital Limited.
RFC Ambrian is a leading natural resource focussed independent adviser with global reach.
http://www.moneyam.com/action/news/showArticle?id=5594924
geoffsh - 26 Jul 2017 19:28 - 355 of 474
The price short term for the resource upgrade and long term for production is looking good.
http://www.theaustralian.com.au/business/mining-energy/rio-tinto-partner-freeport-tips-copper-price-to-rise-to-boomtime-high/news-story/0c6730e4ce6b0443eb40288be9f27bbc
http://www.theaustralian.com.au/business/mining-energy/rio-tinto-partner-freeport-tips-copper-price-to-rise-to-boomtime-high/news-story/0c6730e4ce6b0443eb40288be9f27bbc
banjomick
- 27 Jul 2017 19:35
- 356 of 474
Results of Annual General Meeting
Metal Tiger (LON: MTR), the natural resources investing company is pleased to advise that at the AGM held at 10.00 am on Thursday 27 July 2017 all resolutions placed before the meeting were passed.
https://www.metaltigerplc.com/index.php/news/1135-metal-tiger-plc-agm-statement-2017-07-27-142200
Metal Tiger (LON: MTR), the natural resources investing company is pleased to advise that at the AGM held at 10.00 am on Thursday 27 July 2017 all resolutions placed before the meeting were passed.
https://www.metaltigerplc.com/index.php/news/1135-metal-tiger-plc-agm-statement-2017-07-27-142200
banjomick
- 07 Aug 2017 08:54
- 357 of 474
7 August 2017
Metal Tiger Plc
Drilling/Production Report
Botswana Copper/Silver Project T3 Drilling Resumes
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update regarding 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). Metal Tiger also holds 91,795,214 MOD shares, equivalent to 4.86% of MODs issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JVs local operating company Tshukudu Metals Botswana (Pty) Ltd. (Tshukudu).
Highlights:
Drilling resumes today at the T3 Copper / Silver Project.
Approvals granted for 17 months to December 2018
Initial Programme includes up to 70 diamond drill holes to test:
Potential extensions to east and west of planned open pit
Extent of Zone 3 mineralised contact, 300m below current T3 Resource
High grade intersections that have potential for underground mining down-dip from planned open-pit, along >1000m strike.
Geophysics anomalies (Induced Polarisation & Electromagnetic) identified north and northeast of the T3 Resource.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
It is with great pleasure that we are able to report the resumption of drilling at the T3 Project. With the approval of the Environmental Management Plan by the Botswana Department of Environment we have the green light to restart the drilling rigs today.
The next phase of work includes up to 70 planned holes and several new targets to test in the T3 area. This includes testing the potential of high grade vein-hosted copper, down-dip of the planned open-pit, to support possible underground mining.
We envisage the start of an exciting new period at T3 as the pace of work ramps up again and we look forward to providing news of the updated T3 Resource soon.
For an image that may assist readers in the visualisation of the T3 Project area, targets and planned holes mentioned in this announcement, we would refer to the announcement released today by MOD Resources. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Shareholders should note that the timing of MOD announcements are outside the control of MTR, however MTR does its utmost to announce the drill results and important updates as soon as practicable after MOD makes its announcement to the ASX. MTR are only made aware of drill results and important updates immediately prior to the MOD release.
***More from Link below***
http://www.moneyam.com/action/news/showArticle?id=5616301
Metal Tiger Plc
Drilling/Production Report
Botswana Copper/Silver Project T3 Drilling Resumes
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update regarding 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). Metal Tiger also holds 91,795,214 MOD shares, equivalent to 4.86% of MODs issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JVs local operating company Tshukudu Metals Botswana (Pty) Ltd. (Tshukudu).
Highlights:
Drilling resumes today at the T3 Copper / Silver Project.
Approvals granted for 17 months to December 2018
Initial Programme includes up to 70 diamond drill holes to test:
Potential extensions to east and west of planned open pit
Extent of Zone 3 mineralised contact, 300m below current T3 Resource
High grade intersections that have potential for underground mining down-dip from planned open-pit, along >1000m strike.
Geophysics anomalies (Induced Polarisation & Electromagnetic) identified north and northeast of the T3 Resource.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
It is with great pleasure that we are able to report the resumption of drilling at the T3 Project. With the approval of the Environmental Management Plan by the Botswana Department of Environment we have the green light to restart the drilling rigs today.
The next phase of work includes up to 70 planned holes and several new targets to test in the T3 area. This includes testing the potential of high grade vein-hosted copper, down-dip of the planned open-pit, to support possible underground mining.
We envisage the start of an exciting new period at T3 as the pace of work ramps up again and we look forward to providing news of the updated T3 Resource soon.
For an image that may assist readers in the visualisation of the T3 Project area, targets and planned holes mentioned in this announcement, we would refer to the announcement released today by MOD Resources. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Shareholders should note that the timing of MOD announcements are outside the control of MTR, however MTR does its utmost to announce the drill results and important updates as soon as practicable after MOD makes its announcement to the ASX. MTR are only made aware of drill results and important updates immediately prior to the MOD release.
***More from Link below***
http://www.moneyam.com/action/news/showArticle?id=5616301
banjomick
- 20 Aug 2017 22:43
- 358 of 474
RESOURCE Stocks Q&A: MOD’s Julian Hanna
17 Aug 2017--It’s been just over 12 months since the low-cost discovery of its majority-owned T3 copper project in Botswana, and well-funded MOD Resources is now within a year of a decision to mine. Managing director Julian Hanna outlines highlights of the rapid progress for the Copper Investor Hub:
17 Aug 2017--It’s been just over 12 months since the low-cost discovery of its majority-owned T3 copper project in Botswana, and well-funded MOD Resources is now within a year of a decision to mine. Managing director Julian Hanna outlines highlights of the rapid progress for the Copper Investor Hub:
banjomick
- 24 Aug 2017 09:24
- 359 of 474
24 August 2017
Metal Tiger Plc
("Metal Tiger" or the "Company")
Botswana Copper/Silver Project – T3 Mineral Resource Estimate Upgraded
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update regarding 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). Metal Tiger also holds 91,795,214 MOD shares, equivalent to 4.86% of MOD’s issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JV’s local operating company Tshukudu Metals Botswana (Pty) Ltd. (“Tshukudu”).
Highlights:
Revised, JORC (2012) compliant, Mineral Resource Estimate completed for T3 Project following inclusion of all drilling results from holes completed in first quarter 2017. Revised Resource updates and supersedes the previous, maiden, Mineral Resource Estimate (announced 26 September 2016).
Total (Measured, Indicated & Inferred) Mineral Resource Estimate comprises 36.0Mt @ 1.14% Cu & 12.8g/t Ag containing approximately 409kt copper and 14.8Moz silver on a 100% basis (10.8Mt containing approximately 123kt copper and 4.4Moz silver on a 30% attributable basis).
Constitutes a 27% increase in Total Resource tonnes a 16% increase in contained copper compared with the Maiden Resource (at 0.5% Cu cut-off grade).
25% of Total Resource tonnes now in Measured Resource category (8.9Mt on a 100% basis and 2.7Mt on a 30% attributable basis @ 1.27% Cu & 12.5g/t Ag), denoting a higher degree of Resource confidence (at 0.5% Cu cut-off grade).
At a higher cut-off grade (1.0% Cu), the revised total Mineral Resource Estimate comprises 20.6Mt on a 100% basis (6.2Mt on a 30% attributable basis) at average grades of 1.43% Cu and 14.7g/t Ag.
An additional low-grade Resource contains approximately 47.6kt copper on a 100% basis (14.3kt on a 30% attributable basis) at 0.25% Cu cut-off grade.
The revised Resource model shows good grade continuity with horizontal widths of >1% Cu mineralisation up to 180m across the planned open-pit design.
T3 (Phase 2) 2017 drilling programme currently underway with four rigs to test further Resource extensions, underground potential and geophysical targets around T3. All six new holes completed to date have intersected significant visible copper mineralisation and results will be announced when assays are received and interpreted.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
“The revised Mineral Resource Estimate is another important and positive step towards the anticipated T3 Prefeasibility Study and constitutes a significant upgrade to the Project with a 27% increase in Total Resource tonnes and over 400,000 tonnes more contained copper.
The 16% increase in contained copper has the potential to increase the value and profitability of a future mine, the potential value is further compounded by the circa 30% rise in copper price since the maiden resource was announced last September. With the current copper price now approaching the US$3/lb used for the upside case in the original T3 Scoping Study we released on 6 December 2016. the team will be looking to optimise the planned mining schedule and processing rates to maximise the future economics in the upcoming Prefeasibility Study.”
For further details of the exploration procedures employed during the Resource Estimation programme including a completed JORC 2012 Table 1, a drill plan and drill collar table we would refer readers to the announcement released today by MOD Resources.
This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
***More via link below***
https://www.investegate.co.uk/metal-tiger-plc/mtr/botswana-copper-silver-project---t3-mineral-r---/20170824070700Z3859/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Metal%20Tiger%20plc%20Alert
Metal Tiger Plc
("Metal Tiger" or the "Company")
Botswana Copper/Silver Project – T3 Mineral Resource Estimate Upgraded
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update regarding 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). Metal Tiger also holds 91,795,214 MOD shares, equivalent to 4.86% of MOD’s issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JV’s local operating company Tshukudu Metals Botswana (Pty) Ltd. (“Tshukudu”).
Highlights:
Revised, JORC (2012) compliant, Mineral Resource Estimate completed for T3 Project following inclusion of all drilling results from holes completed in first quarter 2017. Revised Resource updates and supersedes the previous, maiden, Mineral Resource Estimate (announced 26 September 2016).
Total (Measured, Indicated & Inferred) Mineral Resource Estimate comprises 36.0Mt @ 1.14% Cu & 12.8g/t Ag containing approximately 409kt copper and 14.8Moz silver on a 100% basis (10.8Mt containing approximately 123kt copper and 4.4Moz silver on a 30% attributable basis).
Constitutes a 27% increase in Total Resource tonnes a 16% increase in contained copper compared with the Maiden Resource (at 0.5% Cu cut-off grade).
25% of Total Resource tonnes now in Measured Resource category (8.9Mt on a 100% basis and 2.7Mt on a 30% attributable basis @ 1.27% Cu & 12.5g/t Ag), denoting a higher degree of Resource confidence (at 0.5% Cu cut-off grade).
At a higher cut-off grade (1.0% Cu), the revised total Mineral Resource Estimate comprises 20.6Mt on a 100% basis (6.2Mt on a 30% attributable basis) at average grades of 1.43% Cu and 14.7g/t Ag.
An additional low-grade Resource contains approximately 47.6kt copper on a 100% basis (14.3kt on a 30% attributable basis) at 0.25% Cu cut-off grade.
The revised Resource model shows good grade continuity with horizontal widths of >1% Cu mineralisation up to 180m across the planned open-pit design.
T3 (Phase 2) 2017 drilling programme currently underway with four rigs to test further Resource extensions, underground potential and geophysical targets around T3. All six new holes completed to date have intersected significant visible copper mineralisation and results will be announced when assays are received and interpreted.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
“The revised Mineral Resource Estimate is another important and positive step towards the anticipated T3 Prefeasibility Study and constitutes a significant upgrade to the Project with a 27% increase in Total Resource tonnes and over 400,000 tonnes more contained copper.
The 16% increase in contained copper has the potential to increase the value and profitability of a future mine, the potential value is further compounded by the circa 30% rise in copper price since the maiden resource was announced last September. With the current copper price now approaching the US$3/lb used for the upside case in the original T3 Scoping Study we released on 6 December 2016. the team will be looking to optimise the planned mining schedule and processing rates to maximise the future economics in the upcoming Prefeasibility Study.”
For further details of the exploration procedures employed during the Resource Estimation programme including a completed JORC 2012 Table 1, a drill plan and drill collar table we would refer readers to the announcement released today by MOD Resources.
This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
***More via link below***
https://www.investegate.co.uk/metal-tiger-plc/mtr/botswana-copper-silver-project---t3-mineral-r---/20170824070700Z3859/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Metal%20Tiger%20plc%20Alert
banjomick
- 24 Aug 2017 11:08
- 360 of 474
Mineral resource estimate upgraded at Metal Tiger’s Botswana copper JV
09:02 24 Aug 2017
According to the revised, JORC compliant estimate, T3 contains approximately 409,000 tonnes of copper and 14.8mln ounces of silver
Metal Tiger PLC (LON:MTR) revealed today that the mineral resource estimate for its T3 exploration project in the Kalahari copper belt in Botswana has been upgraded.
The natural resources investor said back in July that it expected to release a resource upgrade at some point during this month.
27% increase in total resource tonnes
The revised, JORC compliant estimate comprises 36mln tonnes of ore a 1.14% copper and 12.8 grams per tonne of silver, with T3 containing approximately 409,000 tonnes of copper and 14.8mln ounces of silver.
Overall, the upgrade constitutes a 27% increase in total resource tonnes and a 16% increase in contained copper, compared with the maiden resource estimate – announced last September – which has now been replaced.
Given that Metal Tiger has a 30% stake in the project – its JV partner MOD Resources owns the remaining 70% - its share of the project is 10.8mln tonnes containing 123,000 tonnes of copper and 4.4mln ounces of silver.
Metal added that 25% of the total resource tonnes – or 8.9mln tonnes – now sit in the more concrete measured resource category.
Another step towards prefeasibility study
“The revised mineral resource estimate is another important and positive step towards the anticipated T3 prefeasibility study and constitutes a significant upgrade to the project with a 27% increase in total resource tonnes and over 400,000 tonnes more contained copper,” said Metal Tiger chief executive Michael McNeilly.
“The 16% increase in contained copper has the potential to increase the value and profitability of a future mine, the potential value is further compounded by the circa 30% rise in copper price since the maiden resource was announced last September.
“With the current copper price now approaching the US$3/lb used for the upside case in the original T3 scoping study we released on 6 December 2016.
“The team will be looking to optimise the planned mining schedule and processing rates to maximise the future economics in the upcoming prefeasibility study.”
More upgrades on the way?
Another drill programme is currently underway with four rigs to test further resource extensions, underground potential and geophysical targets.
Metal said all six new holes completed to date have intersected significant visible copper mineralisation, results from which will be made public in due course.
http://www.proactiveinvestors.co.uk/companies/news/182920/mineral-resource-estimate-upgraded-at-metal-tigers-botswana-copper-jv-182920.html
09:02 24 Aug 2017
According to the revised, JORC compliant estimate, T3 contains approximately 409,000 tonnes of copper and 14.8mln ounces of silver
Metal Tiger PLC (LON:MTR) revealed today that the mineral resource estimate for its T3 exploration project in the Kalahari copper belt in Botswana has been upgraded.
The natural resources investor said back in July that it expected to release a resource upgrade at some point during this month.
27% increase in total resource tonnes
The revised, JORC compliant estimate comprises 36mln tonnes of ore a 1.14% copper and 12.8 grams per tonne of silver, with T3 containing approximately 409,000 tonnes of copper and 14.8mln ounces of silver.
Overall, the upgrade constitutes a 27% increase in total resource tonnes and a 16% increase in contained copper, compared with the maiden resource estimate – announced last September – which has now been replaced.
Given that Metal Tiger has a 30% stake in the project – its JV partner MOD Resources owns the remaining 70% - its share of the project is 10.8mln tonnes containing 123,000 tonnes of copper and 4.4mln ounces of silver.
Metal added that 25% of the total resource tonnes – or 8.9mln tonnes – now sit in the more concrete measured resource category.
Another step towards prefeasibility study
“The revised mineral resource estimate is another important and positive step towards the anticipated T3 prefeasibility study and constitutes a significant upgrade to the project with a 27% increase in total resource tonnes and over 400,000 tonnes more contained copper,” said Metal Tiger chief executive Michael McNeilly.
“The 16% increase in contained copper has the potential to increase the value and profitability of a future mine, the potential value is further compounded by the circa 30% rise in copper price since the maiden resource was announced last September.
“With the current copper price now approaching the US$3/lb used for the upside case in the original T3 scoping study we released on 6 December 2016.
“The team will be looking to optimise the planned mining schedule and processing rates to maximise the future economics in the upcoming prefeasibility study.”
More upgrades on the way?
Another drill programme is currently underway with four rigs to test further resource extensions, underground potential and geophysical targets.
Metal said all six new holes completed to date have intersected significant visible copper mineralisation, results from which will be made public in due course.
http://www.proactiveinvestors.co.uk/companies/news/182920/mineral-resource-estimate-upgraded-at-metal-tigers-botswana-copper-jv-182920.html
banjomick
- 25 Aug 2017 14:01
- 361 of 474
25 August 2017
Metal Tiger Plc
Receipt of final KEMCO Economic Contribution Assessment
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that the Company has received a final revised Economic Contribution Assessment, produced by Five Corners Consulting, for the assets of the Company's Thai Joint Venture ("KEMCO JV") over the Song-Toh and Boh-Yai silver-lead-zinc mines (the "Project") located in Thailand.
Highlights (Note: currency values are denoted in USD):
· Total quantified direct benefits to the Thai national economy of $287.4 million, comprised of:
o $130.6 million in payments to Thai suppliers;
o $47.4 million in salaries and wages to local and Bangkok employees;
o $37.1 million in taxes and fees paid to the government;
o $69.3 million in royalties; and
o $3.04 million in community projects and training.
. An additional $115.0 million in indirect multiplier benefits will accrue for a total contribution of $402.4 million.
o Total benefits to the local Kanchanaburi Province economy of $152.1 million, including:
. $27.7 million in allocated royalties;
. $40.1 million in salaries;
. $45.8 million in purchases of equipment and consumables; and
. $15.4 million in up front capital expenditures.
· The Project will generate external benefits beyond the financial returns by:
o Developing Thailand's skill base through training of unskilled, semi-skilled, and qualified nationals;
o Providing employment opportunities in rural areas;
o Setting world-class benchmarks in safety, employment standards, business governance, and environmental management;
o Helping Thai firms to develop new products and promote exports; and
o Providing detailed land surveying data to the government, which can then be applied to land- use management.
· Indirect benefits will help the Government achieve its goals set out in: "Thailand's 20-year strategy (2017-2036)", for attaining developed country status through economic stability, human capital, equal economic opportunities, environmental sustainability, competitiveness, and effective government bureaucracies; and "The 12th National Economic and Social Development Plan (October 2016-September 2021)", which focuses on reducing income disparity and poverty, enhancing competitiveness, promoting natural capital and environmental quality, and boosting confidence in Thailand in the international community.
Five Corners Consulting is an independent boutique risk/corporate affairs consultancy that focuses closely on Southeast Asia and has delivered country, political, economic and regulatory risk assessments on every Association of Southeast Asian Nations ("ASEAN") country. A draft version was delivered in January 2017, using economic outputs generated from the Preliminary Economic Assessment produced for the project by ACA Howe in 2013. This revised version incorporates the economic outputs modelled by SRK Consulting in their JORC compliant Competent Person's Report as announced on 13 June 2017.
The Economic Contribution Assessment considers the total economic benefit of the project to the Thai economy at the following levels:
• Direct and indirect benefits to the national economy;
• Benefits to the Kanchanaburi provincial economy; and
• External benefits generated from linkages with government policies, human capital development, governance and standards, FDI, and enterprise development.
And includes contributions such as:
• Payments to Thai suppliers;
• Wages and Salaries paid to local employees;
• Taxes and Fees paid to Government;
• Royalties;
• Community projects, training, scholarships & activities; and
• Contractor Services.
Assumptions made regarding payments to non-Thai suppliers, thus not contributing to the Thai economy, as well as the portion of supplies that can be sourced locally versus nationally, were based in part on historical purchasing records as well as input from former employees involved in purchasing.
A conservative 'value-added multiplier' of 1.4 was used to calculate the indirect contribution; that is, for every $100 in direct contribution, an additional $40 in indirect contribution would accrue to the Thai economy, via consequential benefits of more widely induced economic activity. All numbers reflect the economic benefit for the projected mine life of 13 years.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
"We are delighted to confirm receipt of the Economic Contribution Assessment highlighting the significant benefit that developing the Song-Toh and Boh-Yai silver-lead-zinc mines will bring to the country. We look forward to Kemco delivering the Project and realising this contribution."
http://www.moneyam.com/action/news/showArticle?id=5641205
Metal Tiger Plc
Receipt of final KEMCO Economic Contribution Assessment
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that the Company has received a final revised Economic Contribution Assessment, produced by Five Corners Consulting, for the assets of the Company's Thai Joint Venture ("KEMCO JV") over the Song-Toh and Boh-Yai silver-lead-zinc mines (the "Project") located in Thailand.
Highlights (Note: currency values are denoted in USD):
· Total quantified direct benefits to the Thai national economy of $287.4 million, comprised of:
o $130.6 million in payments to Thai suppliers;
o $47.4 million in salaries and wages to local and Bangkok employees;
o $37.1 million in taxes and fees paid to the government;
o $69.3 million in royalties; and
o $3.04 million in community projects and training.
. An additional $115.0 million in indirect multiplier benefits will accrue for a total contribution of $402.4 million.
o Total benefits to the local Kanchanaburi Province economy of $152.1 million, including:
. $27.7 million in allocated royalties;
. $40.1 million in salaries;
. $45.8 million in purchases of equipment and consumables; and
. $15.4 million in up front capital expenditures.
· The Project will generate external benefits beyond the financial returns by:
o Developing Thailand's skill base through training of unskilled, semi-skilled, and qualified nationals;
o Providing employment opportunities in rural areas;
o Setting world-class benchmarks in safety, employment standards, business governance, and environmental management;
o Helping Thai firms to develop new products and promote exports; and
o Providing detailed land surveying data to the government, which can then be applied to land- use management.
· Indirect benefits will help the Government achieve its goals set out in: "Thailand's 20-year strategy (2017-2036)", for attaining developed country status through economic stability, human capital, equal economic opportunities, environmental sustainability, competitiveness, and effective government bureaucracies; and "The 12th National Economic and Social Development Plan (October 2016-September 2021)", which focuses on reducing income disparity and poverty, enhancing competitiveness, promoting natural capital and environmental quality, and boosting confidence in Thailand in the international community.
Five Corners Consulting is an independent boutique risk/corporate affairs consultancy that focuses closely on Southeast Asia and has delivered country, political, economic and regulatory risk assessments on every Association of Southeast Asian Nations ("ASEAN") country. A draft version was delivered in January 2017, using economic outputs generated from the Preliminary Economic Assessment produced for the project by ACA Howe in 2013. This revised version incorporates the economic outputs modelled by SRK Consulting in their JORC compliant Competent Person's Report as announced on 13 June 2017.
The Economic Contribution Assessment considers the total economic benefit of the project to the Thai economy at the following levels:
• Direct and indirect benefits to the national economy;
• Benefits to the Kanchanaburi provincial economy; and
• External benefits generated from linkages with government policies, human capital development, governance and standards, FDI, and enterprise development.
And includes contributions such as:
• Payments to Thai suppliers;
• Wages and Salaries paid to local employees;
• Taxes and Fees paid to Government;
• Royalties;
• Community projects, training, scholarships & activities; and
• Contractor Services.
Assumptions made regarding payments to non-Thai suppliers, thus not contributing to the Thai economy, as well as the portion of supplies that can be sourced locally versus nationally, were based in part on historical purchasing records as well as input from former employees involved in purchasing.
A conservative 'value-added multiplier' of 1.4 was used to calculate the indirect contribution; that is, for every $100 in direct contribution, an additional $40 in indirect contribution would accrue to the Thai economy, via consequential benefits of more widely induced economic activity. All numbers reflect the economic benefit for the projected mine life of 13 years.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
"We are delighted to confirm receipt of the Economic Contribution Assessment highlighting the significant benefit that developing the Song-Toh and Boh-Yai silver-lead-zinc mines will bring to the country. We look forward to Kemco delivering the Project and realising this contribution."
http://www.moneyam.com/action/news/showArticle?id=5641205
banjomick
- 29 Aug 2017 16:23
- 362 of 474
29 August 2017
Metal Tiger Plc
MOD Resources Investment Update
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted investor in strategic natural resource opportunities, is pleased to announce an additional investment in MOD Resources (ASX:MOD), taking the Company’s shareholding to over 5 per cent.
In a share purchase completed today, the Company, which previously held 91,795,214 MOD Resources shares valued at A$5,599,508 (circa £3,444,791) at today’s ASX closing price of A$0.061 as well as 1,541,667 warrants with an exercise price of $A0.06 (expiry 15.4.19), has made an additional investment for 3,748,720 MOD Resources shares at a price of A$0.06157. Following the share purchase the Company now holds 5.049 per cent. of MOD Resources.
MOD Resources reported audited net assets of A$18,407,416 and audited net loss of A$1,920,772 for the year ended 31.12.16.
Michael McNeilly Chief Executive Officer of Metal Tiger commented: “We are pleased to announce the increasing investment by the Company in MOD Resources which takes us to over the 5% reportable threshold for the ASX market and reaffirms our confidence in the potential of the T3 Botswana asset.”
https://www.investegate.co.uk/article.aspx?id=20170829161400Z8667
Metal Tiger Plc
MOD Resources Investment Update
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted investor in strategic natural resource opportunities, is pleased to announce an additional investment in MOD Resources (ASX:MOD), taking the Company’s shareholding to over 5 per cent.
In a share purchase completed today, the Company, which previously held 91,795,214 MOD Resources shares valued at A$5,599,508 (circa £3,444,791) at today’s ASX closing price of A$0.061 as well as 1,541,667 warrants with an exercise price of $A0.06 (expiry 15.4.19), has made an additional investment for 3,748,720 MOD Resources shares at a price of A$0.06157. Following the share purchase the Company now holds 5.049 per cent. of MOD Resources.
MOD Resources reported audited net assets of A$18,407,416 and audited net loss of A$1,920,772 for the year ended 31.12.16.
Michael McNeilly Chief Executive Officer of Metal Tiger commented: “We are pleased to announce the increasing investment by the Company in MOD Resources which takes us to over the 5% reportable threshold for the ASX market and reaffirms our confidence in the potential of the T3 Botswana asset.”
https://www.investegate.co.uk/article.aspx?id=20170829161400Z8667
banjomick
- 01 Sep 2017 10:52
- 363 of 474
Metal Tiger Plc
Botswana Copper/Silver Project Exploration Budget Agreed
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding 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). Metal Tiger also holds 95,543,934 MOD shares, equivalent to 5.049% of MODs issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JVs local operating company Tshukudu Metals Botswana (Pty) Ltd. (Tshukudu).
Highlights:
.JV partners set regional exploration budget at AUD 10M for 12 months commencing 1 October 2017, to fast track drilling of district-scale copper targets.
.Metal Tiger to contribute 30% of incurred exploration costs, up to GBP 1.85M at current exchange rates, in line with direct JV holding.
.Work to focus on 150km corridor within the highly prospective Kalahari Copper Belt which hosts T3 and other copper targets.
.Drilling targets will include airborne electromagnetic geophysics anomalies as well as soil copper anomalies.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
The Botswana project has continued at every step to outperform our expectations and this decision to increase the exploration provision has been driven by our growing understanding of the potential of the Botswana Copper Belt, with the many exciting new copper targets identified over the past year and the encouraging results to date. This is against a backdrop of growing copper prices, with copper currently at a 52-week high up almost 50% over the September 2016 low.
We are also hugely encouraged by the positive impact of the growth in electric vehicles on copper demand, with the International Copper Association forecasting a 9-fold increase in copper demand in the electric vehicle sector over the next decade.
For an image that may assist readers in the visualisation of the T3 Project area and planned exploration targets mentioned in this announcement, we would refer to the announcement released today by MOD Resources. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Shareholders should note that the timing of MOD announcements are outside the control of MTR, however, MTR does its utmost to announce the drill results and important updates as soon as practicable after MOD makes its announcement to the ASX. MTR are only made aware of drill results and important updates immediately prior to the MOD release.
Botswana Copper Project Planned Exploration Budget
Joint venture partners Metal Tiger and MOD Resources have agreed on the Botswana Copper Project annual exploration budget for the 12 months commencing 1 October 2017. Planned exploration expenditure includes:
.Annual regional exploration budget of up to AUD 10M to be allocated across JV licences totalling over 8,000km2.
.Metal Tiger to contribute 30% of incurred exploration costs, up to GBP 1.85M at current exchange rates, in line with direct JV holding.
.Primary focus remains to bring the T3 Project into production whilst continuing to build on its substantial upside.
.In addition to the current T3 drill programme, the regional exploration budget allows for over 160 diamond drill holes and 40 reverse circulation holes with the majority to focus upon targets along the T3 Dome and T20 Dome.
Line items in the budget to include:
.Funding current T3 drilling programme which includes up to 70 diamond drill holes.
.Drill testing up to 19 airborne electromagnetic (EM) geophysics targets along the 50km long axis of the T3 Dome. With Tshukudu currently seeking environmental approval from the Botswana Department of Environmental Affairs to drill 14 airborne EM and copper soil targets.
.Airborne EM survey over large areas of the T20 Dome to identify possible conductors which may be associated with soil copper anomalies.
.Extending soil geochemical survey coverage from the T20 Dome, through the T4 and T22 prospects to the western end of the T3 Dome. This will serve to increase coverage over a total 150km combined strike length.
.Undertake work on western part of T20 Dome within recently awarded prospecting licences PL099/2017 and PL189/2017 (totalling 655km2).
Background
The T3 Project 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 within the central part of the T3 Dome (approximately 1000km2), which is the focus of rapidly increasing exploration activity undertaken by Tshukudu. Two significant resources have been discovered to date within the T3 Dome: T1 (Mahumo deposit 100% MOD) and T3 (70% MOD / 30% MTR).
The T3 deposit was discovered in March 2016 when a reverse circulation (RC) drill hole intersected 52m @ 2.0% Cu and 32g/t Ag from shallow depth. The maiden T3 JORC (2012) compliant Mineral Resource was announced on 26 September 2016 with the first Resource upgrade announced on 24 August 2017. The results of a Scoping Study for an open pit mine at T3 with a 2Mtpa processing plant, an indicative mine life of 10 years and an average production rate of 21,800tpa of copper and 665,000oz pa of silver was released on 6 December 2016. Work on a Pre-Feasibility Study (PFS) commenced in January 2017 and additional deeper copper mineralisation was discovered below the T3 Resource in February 2017.
The T3 Prospect geological data and exploration results have been reviewed and approved by Jacques Janse van Rensburg, BSc (Hons), Business Development Manager and Competent Person for MOD Resources Ltd. Mineral Resource estimation and classification of the T3 Copper/Silver Project was conducted and approved by Mr A.I. Pretorius, MSc. Pri.Sci.Nat. an independent consultant to MOD Resources Ltd.
http://www.moneyam.com/action/news/showArticle?id=5648779
Botswana Copper/Silver Project Exploration Budget Agreed
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding 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). Metal Tiger also holds 95,543,934 MOD shares, equivalent to 5.049% of MODs issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JVs local operating company Tshukudu Metals Botswana (Pty) Ltd. (Tshukudu).
Highlights:
.JV partners set regional exploration budget at AUD 10M for 12 months commencing 1 October 2017, to fast track drilling of district-scale copper targets.
.Metal Tiger to contribute 30% of incurred exploration costs, up to GBP 1.85M at current exchange rates, in line with direct JV holding.
.Work to focus on 150km corridor within the highly prospective Kalahari Copper Belt which hosts T3 and other copper targets.
.Drilling targets will include airborne electromagnetic geophysics anomalies as well as soil copper anomalies.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
The Botswana project has continued at every step to outperform our expectations and this decision to increase the exploration provision has been driven by our growing understanding of the potential of the Botswana Copper Belt, with the many exciting new copper targets identified over the past year and the encouraging results to date. This is against a backdrop of growing copper prices, with copper currently at a 52-week high up almost 50% over the September 2016 low.
We are also hugely encouraged by the positive impact of the growth in electric vehicles on copper demand, with the International Copper Association forecasting a 9-fold increase in copper demand in the electric vehicle sector over the next decade.
For an image that may assist readers in the visualisation of the T3 Project area and planned exploration targets mentioned in this announcement, we would refer to the announcement released today by MOD Resources. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Shareholders should note that the timing of MOD announcements are outside the control of MTR, however, MTR does its utmost to announce the drill results and important updates as soon as practicable after MOD makes its announcement to the ASX. MTR are only made aware of drill results and important updates immediately prior to the MOD release.
Botswana Copper Project Planned Exploration Budget
Joint venture partners Metal Tiger and MOD Resources have agreed on the Botswana Copper Project annual exploration budget for the 12 months commencing 1 October 2017. Planned exploration expenditure includes:
.Annual regional exploration budget of up to AUD 10M to be allocated across JV licences totalling over 8,000km2.
.Metal Tiger to contribute 30% of incurred exploration costs, up to GBP 1.85M at current exchange rates, in line with direct JV holding.
.Primary focus remains to bring the T3 Project into production whilst continuing to build on its substantial upside.
.In addition to the current T3 drill programme, the regional exploration budget allows for over 160 diamond drill holes and 40 reverse circulation holes with the majority to focus upon targets along the T3 Dome and T20 Dome.
Line items in the budget to include:
.Funding current T3 drilling programme which includes up to 70 diamond drill holes.
.Drill testing up to 19 airborne electromagnetic (EM) geophysics targets along the 50km long axis of the T3 Dome. With Tshukudu currently seeking environmental approval from the Botswana Department of Environmental Affairs to drill 14 airborne EM and copper soil targets.
.Airborne EM survey over large areas of the T20 Dome to identify possible conductors which may be associated with soil copper anomalies.
.Extending soil geochemical survey coverage from the T20 Dome, through the T4 and T22 prospects to the western end of the T3 Dome. This will serve to increase coverage over a total 150km combined strike length.
.Undertake work on western part of T20 Dome within recently awarded prospecting licences PL099/2017 and PL189/2017 (totalling 655km2).
Background
The T3 Project 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 within the central part of the T3 Dome (approximately 1000km2), which is the focus of rapidly increasing exploration activity undertaken by Tshukudu. Two significant resources have been discovered to date within the T3 Dome: T1 (Mahumo deposit 100% MOD) and T3 (70% MOD / 30% MTR).
The T3 deposit was discovered in March 2016 when a reverse circulation (RC) drill hole intersected 52m @ 2.0% Cu and 32g/t Ag from shallow depth. The maiden T3 JORC (2012) compliant Mineral Resource was announced on 26 September 2016 with the first Resource upgrade announced on 24 August 2017. The results of a Scoping Study for an open pit mine at T3 with a 2Mtpa processing plant, an indicative mine life of 10 years and an average production rate of 21,800tpa of copper and 665,000oz pa of silver was released on 6 December 2016. Work on a Pre-Feasibility Study (PFS) commenced in January 2017 and additional deeper copper mineralisation was discovered below the T3 Resource in February 2017.
The T3 Prospect geological data and exploration results have been reviewed and approved by Jacques Janse van Rensburg, BSc (Hons), Business Development Manager and Competent Person for MOD Resources Ltd. Mineral Resource estimation and classification of the T3 Copper/Silver Project was conducted and approved by Mr A.I. Pretorius, MSc. Pri.Sci.Nat. an independent consultant to MOD Resources Ltd.
http://www.moneyam.com/action/news/showArticle?id=5648779
banjomick
- 14 Sep 2017 11:37
- 364 of 474
14 September 2017
Metal Tiger Plc
("Metal Tiger" or the "Company")
Appointment of Paragon Partners
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that the Company has appointed Bangkok based Paragon Partners (“Paragon”) as its advisor with regard to the consideration and execution of attracting local project financing for its Thai Joint Venture as relates to the two silver-lead-zinc mines in Kanchanaburi Province (the “Project”). The engagement would be novated to the proposed listco KEMCO plc should an IPO of Metal Tiger’s Thai Joint Venture be realised.
Paragon Partners have provided solutions to more than 60 clients over a 20 year period, including many international clients and clients in the mining sector, with a combined transaction value of over US$3.0 billion.
Paragon will enable the Project to be known to the financial community in Thailand and provide strategic advice on the best approach for local project financing.
For further information on Paragon Partners please see their website:
https://paragonpartners.net/
https://www.investegate.co.uk/metal-tiger-plc/mtr/appointment-of-paragon-partners/20170914110400Z0875/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Metal%20Tiger%20plc%20Alert
Metal Tiger Plc
("Metal Tiger" or the "Company")
Appointment of Paragon Partners
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that the Company has appointed Bangkok based Paragon Partners (“Paragon”) as its advisor with regard to the consideration and execution of attracting local project financing for its Thai Joint Venture as relates to the two silver-lead-zinc mines in Kanchanaburi Province (the “Project”). The engagement would be novated to the proposed listco KEMCO plc should an IPO of Metal Tiger’s Thai Joint Venture be realised.
Paragon Partners have provided solutions to more than 60 clients over a 20 year period, including many international clients and clients in the mining sector, with a combined transaction value of over US$3.0 billion.
Paragon will enable the Project to be known to the financial community in Thailand and provide strategic advice on the best approach for local project financing.
For further information on Paragon Partners please see their website:
https://paragonpartners.net/
https://www.investegate.co.uk/metal-tiger-plc/mtr/appointment-of-paragon-partners/20170914110400Z0875/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Metal%20Tiger%20plc%20Alert
banjomick
- 18 Sep 2017 08:41
- 365 of 474
banjomick
- 22 Sep 2017 13:15
- 366 of 474
Metal Tiger plc
2017 Interim Report
Unaudited interim results for the six months ended 30 June 2017
Metal Tiger plc (“Metal Tiger” or the “Company”), the AIM listed, natural resources focused investment company, is pleased to announce its unaudited interim results for the six months ended 30 June 2017 (“the Period”).
https://www.investegate.co.uk/metal-tiger-plc/mtr/half-year-report/20170922124100Z2716/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Metal%20Tiger%20plc%20Alert
2017 Interim Report
Unaudited interim results for the six months ended 30 June 2017
Metal Tiger plc (“Metal Tiger” or the “Company”), the AIM listed, natural resources focused investment company, is pleased to announce its unaudited interim results for the six months ended 30 June 2017 (“the Period”).
https://www.investegate.co.uk/metal-tiger-plc/mtr/half-year-report/20170922124100Z2716/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Metal%20Tiger%20plc%20Alert
banjomick
- 22 Sep 2017 16:23
- 367 of 474
24 August 2017
Metal Tiger Plc
Botswana Copper/Silver Project – T3 Mineral Resource Estimate Upgraded
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update regarding 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). Metal Tiger also holds 91,795,214 MOD shares, equivalent to 4.86% of MOD’s issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JV’s local operating company Tshukudu Metals Botswana (Pty) Ltd. (“Tshukudu”).
Highlights:
.Revised, JORC (2012) compliant, Mineral Resource Estimate completed for T3 Project following inclusion of all drilling results from holes completed in first quarter 2017. Revised Resource updates and supersedes the previous, maiden, Mineral Resource Estimate (announced 26 September 2016).
.Total (Measured, Indicated & Inferred) Mineral Resource Estimate comprises 36.0Mt @ 1.14% Cu & 12.8g/t Ag containing approximately 409kt copper and 14.8Moz silver on a 100% basis (10.8Mt containing approximately 123kt copper and 4.4Moz silver on a 30% attributable basis).
.Constitutes a 27% increase in Total Resource tonnes a 16% increase in contained copper compared with the Maiden Resource (at 0.5% Cu cut-off grade).
.25% of Total Resource tonnes now in Measured Resource category (8.9Mt on a 100% basis and 2.7Mt on a 30% attributable basis @ 1.27% Cu & 12.5g/t Ag), denoting a higher degree of Resource confidence (at 0.5% Cu cut-off grade).
.At a higher cut-off grade (1.0% Cu), the revised total Mineral Resource Estimate comprises 20.6Mt on a 100% basis (6.2Mt on a 30% attributable basis) at average grades of 1.43% Cu and 14.7g/t Ag.
.An additional low-grade Resource contains approximately 47.6kt copper on a 100% basis (14.3kt on a 30% attributable basis) at 0.25% Cu cut-off grade.
.The revised Resource model shows good grade continuity with horizontal widths of >1% Cu mineralisation up to 180m across the planned open-pit design.
.T3 (Phase 2) 2017 drilling programme currently underway with four rigs to test further Resource extensions, underground potential and geophysical targets around T3. All six new holes completed to date have intersected significant visible copper mineralisation and results will be announced when assays are received and interpreted.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
“The revised Mineral Resource Estimate is another important and positive step towards the anticipated T3 Prefeasibility Study and constitutes a significant upgrade to the Project with a 27% increase in Total Resource tonnes and over 400,000 tonnes more contained copper.
The 16% increase in contained copper has the potential to increase the value and profitability of a future mine, the potential value is further compounded by the circa 30% rise in copper price since the maiden resource was announced last September. With the current copper price now approaching the US$3/lb used for the upside case in the original T3 Scoping Study we released on 6 December 2016. the team will be looking to optimise the planned mining schedule and processing rates to maximise the future economics in the upcoming Prefeasibility Study.”
For further details of the exploration procedures employed during the Resource Estimation programme including a completed JORC 2012 Table 1, a drill plan and drill collar table we would refer readers to the announcement released today by MOD Resources.
This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
***More via link below***
https://www.investegate.co.uk/metal-tiger-plc/mtr/botswana-copper-silver-project---t3-mineral-r---/20170922153300Z2734/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Metal%20Tiger%20plc%20Alert
Metal Tiger Plc
Botswana Copper/Silver Project – T3 Mineral Resource Estimate Upgraded
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update regarding 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). Metal Tiger also holds 91,795,214 MOD shares, equivalent to 4.86% of MOD’s issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JV’s local operating company Tshukudu Metals Botswana (Pty) Ltd. (“Tshukudu”).
Highlights:
.Revised, JORC (2012) compliant, Mineral Resource Estimate completed for T3 Project following inclusion of all drilling results from holes completed in first quarter 2017. Revised Resource updates and supersedes the previous, maiden, Mineral Resource Estimate (announced 26 September 2016).
.Total (Measured, Indicated & Inferred) Mineral Resource Estimate comprises 36.0Mt @ 1.14% Cu & 12.8g/t Ag containing approximately 409kt copper and 14.8Moz silver on a 100% basis (10.8Mt containing approximately 123kt copper and 4.4Moz silver on a 30% attributable basis).
.Constitutes a 27% increase in Total Resource tonnes a 16% increase in contained copper compared with the Maiden Resource (at 0.5% Cu cut-off grade).
.25% of Total Resource tonnes now in Measured Resource category (8.9Mt on a 100% basis and 2.7Mt on a 30% attributable basis @ 1.27% Cu & 12.5g/t Ag), denoting a higher degree of Resource confidence (at 0.5% Cu cut-off grade).
.At a higher cut-off grade (1.0% Cu), the revised total Mineral Resource Estimate comprises 20.6Mt on a 100% basis (6.2Mt on a 30% attributable basis) at average grades of 1.43% Cu and 14.7g/t Ag.
.An additional low-grade Resource contains approximately 47.6kt copper on a 100% basis (14.3kt on a 30% attributable basis) at 0.25% Cu cut-off grade.
.The revised Resource model shows good grade continuity with horizontal widths of >1% Cu mineralisation up to 180m across the planned open-pit design.
.T3 (Phase 2) 2017 drilling programme currently underway with four rigs to test further Resource extensions, underground potential and geophysical targets around T3. All six new holes completed to date have intersected significant visible copper mineralisation and results will be announced when assays are received and interpreted.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
“The revised Mineral Resource Estimate is another important and positive step towards the anticipated T3 Prefeasibility Study and constitutes a significant upgrade to the Project with a 27% increase in Total Resource tonnes and over 400,000 tonnes more contained copper.
The 16% increase in contained copper has the potential to increase the value and profitability of a future mine, the potential value is further compounded by the circa 30% rise in copper price since the maiden resource was announced last September. With the current copper price now approaching the US$3/lb used for the upside case in the original T3 Scoping Study we released on 6 December 2016. the team will be looking to optimise the planned mining schedule and processing rates to maximise the future economics in the upcoming Prefeasibility Study.”
For further details of the exploration procedures employed during the Resource Estimation programme including a completed JORC 2012 Table 1, a drill plan and drill collar table we would refer readers to the announcement released today by MOD Resources.
This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
***More via link below***
https://www.investegate.co.uk/metal-tiger-plc/mtr/botswana-copper-silver-project---t3-mineral-r---/20170922153300Z2734/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&utm_campaign=Metal%20Tiger%20plc%20Alert
banjomick
- 03 Oct 2017 08:51
- 368 of 474
3 October 2017
Metal Tiger Plc
Botswana Copper/Silver Project T3 Deposit - Potential Major Strike Extension
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding 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). Metal Tiger also holds 95,543,934 MOD shares, equivalent to 5.049% of MODs issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JVs local operating company Tshukudu Metals Botswana (Pty) Ltd. (Tshukudu).
Highlights:
Drilling has intersected new zones of visible copper mineralisation 300m west and northeast of planned pit.
Copper mineralisation now extends over a strike length of 1.5km and remains open.
Seven drill rigs now operating at T3, diamond core drilling progressing well.
Prefeasibility Study now modelling a 2.5Mtpa processing rate, up 25% compared to the Scoping Study.
Excellent metallurgical testwork results received.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are delighted to provide an update on activities in Botswana. Since drilling recommenced in August, the Tshukudu team have completed over 6,100 metres of drilling with a total of 19 diamond holes completed or in progress.
Very excitingly, 50m wide zones of visible copper mineralisation have been logged in core from four holes drilled along strike from the current T3 Mineral Resource. We eagerly await the assay results from these holes, and other holes, which point to the potential for major strike and down-dip extensions to the current Resource.
Work on the Prefeasibility Study is also progressing well and remains on schedule with the decision taken to increase the modelled ore processing rate to a level 25% above that used in the Scoping Study to reflect the increase in the Mineral Resource, the expected mineable inventory increase and the strong copper price. We look forward to assessing the positive effect these factors have on the Projects baseline economics.
For images that may assist readers in the visualisation of the T3 Project area and drill collars mentioned in this announcement, we would refer to the announcement released today by MOD Resources. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
***More via link Below***
http://www.moneyam.com/action/news/showArticle?id=5688636
Metal Tiger Plc
Botswana Copper/Silver Project T3 Deposit - Potential Major Strike Extension
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding 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). Metal Tiger also holds 95,543,934 MOD shares, equivalent to 5.049% of MODs issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JVs local operating company Tshukudu Metals Botswana (Pty) Ltd. (Tshukudu).
Highlights:
Drilling has intersected new zones of visible copper mineralisation 300m west and northeast of planned pit.
Copper mineralisation now extends over a strike length of 1.5km and remains open.
Seven drill rigs now operating at T3, diamond core drilling progressing well.
Prefeasibility Study now modelling a 2.5Mtpa processing rate, up 25% compared to the Scoping Study.
Excellent metallurgical testwork results received.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are delighted to provide an update on activities in Botswana. Since drilling recommenced in August, the Tshukudu team have completed over 6,100 metres of drilling with a total of 19 diamond holes completed or in progress.
Very excitingly, 50m wide zones of visible copper mineralisation have been logged in core from four holes drilled along strike from the current T3 Mineral Resource. We eagerly await the assay results from these holes, and other holes, which point to the potential for major strike and down-dip extensions to the current Resource.
Work on the Prefeasibility Study is also progressing well and remains on schedule with the decision taken to increase the modelled ore processing rate to a level 25% above that used in the Scoping Study to reflect the increase in the Mineral Resource, the expected mineable inventory increase and the strong copper price. We look forward to assessing the positive effect these factors have on the Projects baseline economics.
For images that may assist readers in the visualisation of the T3 Project area and drill collars mentioned in this announcement, we would refer to the announcement released today by MOD Resources. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
***More via link Below***
http://www.moneyam.com/action/news/showArticle?id=5688636
banjomick
- 11 Oct 2017 13:54
- 369 of 474
11 October 2017
Metal Tiger Plc
Director Warrant Conversion
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted investor in strategic natural resource opportunities, is pleased to announce the conversion of 30,000,000 1.6p warrants held by Terry Grammer, Non-Executive Director of Metal Tiger.
Highlights:
Terry Grammer, Non-Executive Director, has invested £480,000 to exercise the 30,000,000 warrants at 1.6p per warrant in Metal Tiger which will result in Terry Grammer being issued with 30,000,000 ordinary shares in the Company. Following this conversion and the issue of these shares Terry Grammer will be interested in 68,150,667 ordinary shares in the Company or 6.69% of the Company.
The Board expects that a majority of these new funds will be used to explore investment opportunities outside of the Company’s two main Direct Project investments in Thailand and Botswana.
The 30,000,000 new ordinary shares are expected to be admitted to trading on or around 18 October 2017.
Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 1,018,628,768. 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 of 1,018,628,768 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.
Michael McNeilly, Chief Executive Officer of Metal Tiger commented:
“This is a strong sign of support from fellow director Terry Grammer, Metal Tiger’s second largest shareholder. With Terry Grammer’s investment, Metal Tiger will continue its strategy of exploring further investment opportunities outside of its two main Direct Project investments in Thailand and Botswana.”
Metal Tiger Plc
Director Warrant Conversion
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted investor in strategic natural resource opportunities, is pleased to announce the conversion of 30,000,000 1.6p warrants held by Terry Grammer, Non-Executive Director of Metal Tiger.
Highlights:
Terry Grammer, Non-Executive Director, has invested £480,000 to exercise the 30,000,000 warrants at 1.6p per warrant in Metal Tiger which will result in Terry Grammer being issued with 30,000,000 ordinary shares in the Company. Following this conversion and the issue of these shares Terry Grammer will be interested in 68,150,667 ordinary shares in the Company or 6.69% of the Company.
The Board expects that a majority of these new funds will be used to explore investment opportunities outside of the Company’s two main Direct Project investments in Thailand and Botswana.
The 30,000,000 new ordinary shares are expected to be admitted to trading on or around 18 October 2017.
Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 1,018,628,768. 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 of 1,018,628,768 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.
Michael McNeilly, Chief Executive Officer of Metal Tiger commented:
“This is a strong sign of support from fellow director Terry Grammer, Metal Tiger’s second largest shareholder. With Terry Grammer’s investment, Metal Tiger will continue its strategy of exploring further investment opportunities outside of its two main Direct Project investments in Thailand and Botswana.”
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