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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
- 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.”
banjomick
- 13 Oct 2017 13:10
- 370 of 474
Metal Tiger plc - Investment Update
13 October 2017
Metal Tiger Plc
Investment Update
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted investor in strategic natural resource opportunities, is pleased to announce a strategic investment in Kingsgate Consolidated Limited (ASX:KCN).
Highlights:
• Metal Tiger plc today purchased 1,850,000 ordinary shares in KCN at an average price of AUD$0.3249 (£0.19) per ordinary share for a total consideration of AUD$601,065 (circa £354,544), to bring its total holding in KCN up to 11,153,409 ordinary shares, representing 4.99% of the company;
• Metal Tiger started buying shares in KCN on 22 June 2017 and its average acquisition price is AUD$0.2441 (£0.14).
• Purchases were financed primarily from funds realised from trading division disposals.
Kingsgate Consolidated Limited is an ASX listed Gold Company which owns two main assets, the Chatree Gold Mine, through its Thai subsidiary Akara Resources Public Company Limited and the 100% owned Nueva Esperanza Project Silver Gold project in Chile where a definitive feasibility study is expected in January 2018. KCN is currently in negotiations with the Thai government to reopen the Chatree Gold Mine after it ceased operations in December 2016.
In the financial year ended 30 June 2017 KCN made total comprehensive income of AUD$8,333,000 (£4,906,470) and had net assets of AUD$100,860,000 (£59,401,497).
https://www.metaltigerplc.com/index.php/news/1154-metal-tiger-plc-investment-update-2017-10-13-105500
13 October 2017
Metal Tiger Plc
Investment Update
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted investor in strategic natural resource opportunities, is pleased to announce a strategic investment in Kingsgate Consolidated Limited (ASX:KCN).
Highlights:
• Metal Tiger plc today purchased 1,850,000 ordinary shares in KCN at an average price of AUD$0.3249 (£0.19) per ordinary share for a total consideration of AUD$601,065 (circa £354,544), to bring its total holding in KCN up to 11,153,409 ordinary shares, representing 4.99% of the company;
• Metal Tiger started buying shares in KCN on 22 June 2017 and its average acquisition price is AUD$0.2441 (£0.14).
• Purchases were financed primarily from funds realised from trading division disposals.
Kingsgate Consolidated Limited is an ASX listed Gold Company which owns two main assets, the Chatree Gold Mine, through its Thai subsidiary Akara Resources Public Company Limited and the 100% owned Nueva Esperanza Project Silver Gold project in Chile where a definitive feasibility study is expected in January 2018. KCN is currently in negotiations with the Thai government to reopen the Chatree Gold Mine after it ceased operations in December 2016.
In the financial year ended 30 June 2017 KCN made total comprehensive income of AUD$8,333,000 (£4,906,470) and had net assets of AUD$100,860,000 (£59,401,497).
https://www.metaltigerplc.com/index.php/news/1154-metal-tiger-plc-investment-update-2017-10-13-105500
banjomick
- 13 Oct 2017 13:20
- 371 of 474
INTERVIEW: Metal Tiger Plc – A Strong Year for the company
12th October 2017
Metal Tiger Plc (LON:MTR) CEO Michael McNeilly joins DirectorsTalk. Michael provides us with an update as to what has been found so far at the T3 copper/silver deposit in Botswana, explains how the prefeasibility study for the T3 open-pit project is progressing, why the Metal Tiger IPO of the Thai Joint Venture – KEMCO is to be postponed and why this has been a strong year for the company.
http://www.directorstalk.net/interview-metal-tiger-plc-strong-year-company/
12th October 2017
Metal Tiger Plc (LON:MTR) CEO Michael McNeilly joins DirectorsTalk. Michael provides us with an update as to what has been found so far at the T3 copper/silver deposit in Botswana, explains how the prefeasibility study for the T3 open-pit project is progressing, why the Metal Tiger IPO of the Thai Joint Venture – KEMCO is to be postponed and why this has been a strong year for the company.
http://www.directorstalk.net/interview-metal-tiger-plc-strong-year-company/
banjomick
- 16 Oct 2017 09:41
- 372 of 474
16 October 2017
Metal Tiger Plc
Investment Update
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted investor in strategic natural resource opportunities, is pleased to announce a further strategic investment in Kingsgate Consolidated Limited (ASX:KCN).
Highlights:
- Metal Tiger plc today purchased 430,000 ordinary shares in KCN at an average price of circa AUD$0.33 (£0.20) per ordinary share for a total consideration of AUD$ 142,050 (circa £84,250), to bring its total holding in KCN up to 11,583,409 ordinary shares, representing 5.18% of the company.
Kingsgate Consolidated Limited is an ASX listed Gold Company which owns two main assets, the Chatree Gold Mine, through its Thai subsidiary Akara Resources Public Company Limited and the 100% owned Nueva Esperanza Project Silver Gold project in Chile where a definitive feasibility study is expected in January 2018. KCN is currently in negotiations with the Thai government to reopen the Chatree Gold Mine after it ceased operations in December 2016.
In the financial year ended 30 June 2017 KCN made total comprehensive income of AUD$8,333,000 (£4,906,470) and had net assets of AUD$100,860,000 (£59,401,497).
https://www.metaltigerplc.com/index.php/news/1155-metal-tiger-plc-investment-update-2017-10-16-075947
Metal Tiger Plc
Investment Update
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted investor in strategic natural resource opportunities, is pleased to announce a further strategic investment in Kingsgate Consolidated Limited (ASX:KCN).
Highlights:
- Metal Tiger plc today purchased 430,000 ordinary shares in KCN at an average price of circa AUD$0.33 (£0.20) per ordinary share for a total consideration of AUD$ 142,050 (circa £84,250), to bring its total holding in KCN up to 11,583,409 ordinary shares, representing 5.18% of the company.
Kingsgate Consolidated Limited is an ASX listed Gold Company which owns two main assets, the Chatree Gold Mine, through its Thai subsidiary Akara Resources Public Company Limited and the 100% owned Nueva Esperanza Project Silver Gold project in Chile where a definitive feasibility study is expected in January 2018. KCN is currently in negotiations with the Thai government to reopen the Chatree Gold Mine after it ceased operations in December 2016.
In the financial year ended 30 June 2017 KCN made total comprehensive income of AUD$8,333,000 (£4,906,470) and had net assets of AUD$100,860,000 (£59,401,497).
https://www.metaltigerplc.com/index.php/news/1155-metal-tiger-plc-investment-update-2017-10-16-075947
banjomick
- 17 Oct 2017 09:19
- 373 of 474
17 October 2017
Metal Tiger Plc
Investment Update
Further to the announcement of 16 October 2017, Metal Tiger plc (LON:MTR), advises it has today purchased an additional 356,239 ordinary shares in Kingsgate Consolidated Limited (ASX:KCN) at an average price of circa AUD$0.36 (£0.21) per ordinary share for a total consideration of circa AUD$ 128,246 (circa £75,933), to bring its total holding in KCN up to 11,939,648 ordinary shares, representing 5.34% of the company and will be issuing a becoming a substantial shareholder notice with KCN on the ASX recording this total holding.
http://www.businesswire.com/news/home/20171017005719/en/Metal-Tiger-plc-UK-Regulatory-Announcement-Investment
Metal Tiger Plc
Investment Update
Further to the announcement of 16 October 2017, Metal Tiger plc (LON:MTR), advises it has today purchased an additional 356,239 ordinary shares in Kingsgate Consolidated Limited (ASX:KCN) at an average price of circa AUD$0.36 (£0.21) per ordinary share for a total consideration of circa AUD$ 128,246 (circa £75,933), to bring its total holding in KCN up to 11,939,648 ordinary shares, representing 5.34% of the company and will be issuing a becoming a substantial shareholder notice with KCN on the ASX recording this total holding.
http://www.businesswire.com/news/home/20171017005719/en/Metal-Tiger-plc-UK-Regulatory-Announcement-Investment
banjomick
- 24 Oct 2017 09:20
- 374 of 474
24 October 2017
Metal Tiger Plc
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:
Drill core assays from 10 recent drill holes confirm mineralisation extends well outside the planned open-pit.
Assays for a further 8 drill holes, including those which intersected mineralisation at the previous western and eastern limits of drilling at T3, are awaited.
Potential significant underground targets outlined by stacked high grade vein assays which are currently interpreted to be continuous over at least 1.1km of strike length.
Drill hole MO-G-90D, currently in progress, has intersected two visible bornite/chalcocite vein zones approximately 300m northeast of the planned pit.
ALS Minerals sample preparation facility arrives on site to expedite assay turnaround.
Power line to be constructed within 12km of T3 by 2020, government contracts awarded.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are excited to report that drill core assays received from the latest phase of drilling at the T3 Deposit in Botswana, have confirmed the presence of high-grade stacked vein copper mineralisation striking over at least 1.1km, which may hold strong potential for extending the open potential around the currently planned open-pit.
Given the potential positive impact of this development, to both mine life and project economics the JV has commissioned an independent consultancy to examine the scenario of an underground mine accessed via a decline from the open pit mine.
Further excellent news comes with the confirmation that the government plans to connect up the Ghanzi District, in which the T3 Project is located, to the Botswana national power grid. Under our current understanding of the plans this will see a major supply line pass within 12km of the T3 Project site, bringing potential significant cost saving benefits to the operation.
We look forward to keeping our shareholders abreast with further developments on the environmental approvals, T3 Dome drilling and assay results, as we continue to build on the JVs achievements.
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=5715157
Metal Tiger Plc
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:
Drill core assays from 10 recent drill holes confirm mineralisation extends well outside the planned open-pit.
Assays for a further 8 drill holes, including those which intersected mineralisation at the previous western and eastern limits of drilling at T3, are awaited.
Potential significant underground targets outlined by stacked high grade vein assays which are currently interpreted to be continuous over at least 1.1km of strike length.
Drill hole MO-G-90D, currently in progress, has intersected two visible bornite/chalcocite vein zones approximately 300m northeast of the planned pit.
ALS Minerals sample preparation facility arrives on site to expedite assay turnaround.
Power line to be constructed within 12km of T3 by 2020, government contracts awarded.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are excited to report that drill core assays received from the latest phase of drilling at the T3 Deposit in Botswana, have confirmed the presence of high-grade stacked vein copper mineralisation striking over at least 1.1km, which may hold strong potential for extending the open potential around the currently planned open-pit.
Given the potential positive impact of this development, to both mine life and project economics the JV has commissioned an independent consultancy to examine the scenario of an underground mine accessed via a decline from the open pit mine.
Further excellent news comes with the confirmation that the government plans to connect up the Ghanzi District, in which the T3 Project is located, to the Botswana national power grid. Under our current understanding of the plans this will see a major supply line pass within 12km of the T3 Project site, bringing potential significant cost saving benefits to the operation.
We look forward to keeping our shareholders abreast with further developments on the environmental approvals, T3 Dome drilling and assay results, as we continue to build on the JVs achievements.
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=5715157
banjomick
- 27 Oct 2017 09:13
- 375 of 474
27 October 2017
Metal Tiger Plc
Investment Update
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted investor in strategic natural resource opportunities, is pleased to announce that it now holds 14,878,000 ordinary shares in Kingsgate Consolidated Limited representing 6.65% of the issued share capital of the company and that MTR will be issuing a further substantial shareholder notice with KCN on the ASX recording this total holding.
http://www.moneyam.com/action/news/showArticle?id=5720561
Metal Tiger Plc
Investment Update
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted investor in strategic natural resource opportunities, is pleased to announce that it now holds 14,878,000 ordinary shares in Kingsgate Consolidated Limited representing 6.65% of the issued share capital of the company and that MTR will be issuing a further substantial shareholder notice with KCN on the ASX recording this total holding.
http://www.moneyam.com/action/news/showArticle?id=5720561
banjomick
- 14 Nov 2017 08:21
- 376 of 474
14 November 2017
Metal Tiger Plc
Botswana Copper/Silver Project T3 Deposit Drilling Assay Results Growing Potential Outside Existing Planned Pit
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 partner MOD Resources Limited (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 5.044% of MODs issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian).
Highlights:
.Drill core assays along strike from planned T3 open pit confirm high-grade vein intersections and build confidence in the conceptual underground mining potential.
.Mineralised veins now appear to be continuous over an enlarged 1,400m strike length.
.Headline intersections from the 6 holes received include:
. Hole MO-G-80D
4.5m @ 4.0% Cu & 65 g/t Ag from 254m near western limit of drilling.
. Hole MO-G-81D
11.0m @ 1.5% Cu & 19 g/t Ag from 186m near eastern limit of drilling.
Re-interpretation of Airborne Electromagnetic (AEM) geophysics data with three-dimensional (3D) modelling suggests the 200-300m thick T3 mineralisation host sequence may continue along strike for up to 11km. Drilling to test the model has commenced.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
The latest batch of drill core assays from our T3 Copper/Silver project continue to build on the potential of the deposit. With all six holes returning significant intersections and higher-grade zones, from outside the confines and along strike of the current pit shell, the potential for future mining, be that open-pit or open-pit and underground, continues to grow.
The reinterpretation of airborne geophysics in conjunction with the latest understanding of the geology derived from drilling results has generated a three-dimensional model of the T3 mineralisation host sequence for drill testing. With a potential 11km of resulting 3D model strike length to be tested, we are excited by the potential of finding further, as-yet hidden, copper mineralisation.
We look forward to providing further exciting updates as the various work streams continue towards the scheduled Prefeasibility Study findings in December.
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 Limited (MOD). 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.
T3 Drilling Programme Update
.Assay results received from a further 6 diamond drill holes located outside and along strike from the eastern and western limits of planned T3 Open Pit (MO-G-74D, MO-G-76D, MO-G-78D, MO-G-79D, MO-G-80D and MO-G-81D).
.Assays confirm significant mineralisation continues, and remains open, along strike from planned T3 Open Pit mine. Total strike length of mineralisation now circa 1,400m.
.Four holes MO-G-74D, MO-G-76D, MO-G-79D and MO-G-80D, were reported as having visual copper mineralisation intersections in the announcement of 3rd October 2017.
.High-grade copper veins, intersected by the 4 holes, are interpreted to correlate with extensive shallow-dipping veins (V1 to V4) identified within, below and down-dip of the planned T3 Open Pit.
.High-grade veins commonly occur above significant widths of Zone 3 generally lower grade but potentially widespread disseminated copper mineralisation. Zone 3 is approximately 200m below Zone 2 and 300m below the top of the Zone 1 T3 Resource.
.Latest high-grade copper/silver intersections build on the existing high-grade vein intersections which are being assessed as a potential underground mining target complimentary to the open pit, in the ongoing conceptual underground mining study.
.36 of the 70 diamond holes scheduled for the current Phase 2 drilling programme have now been completed.
.Key down-hole intersections from the latest batch of diamond drill hole assay results, with interpreted mineral zone and vein id, include:
Hole MO-G-74D
4.0m @ 0.8% Cu & 17g/t Ag from 265m (Zone 1 / V1)
5.0m @ 0.9% Cu & 20g/t Ag from 292m (Zone 1 / V2)
5.0m @ 0.7% Cu & 14g/t Ag from 303m (Zone 1 / V2)
Hole MO-G-76D
8.2m @ 0.7% Cu & 15g/t Ag from 292m (Zone 1 / V1)
1.0m @ 5.8% Cu & 87g/t Ag from 346m (Zone 1 / V2)
50.0m @ 0.5% Cu & 6g/t Ag from 431m (Zone 3)
Hole MO-G-78D
5.8m @ 1.5% Cu & 28g/t Ag from 235m (Zone 1 / V2)
Hole MO-G-79D
9.0m @ 0.9% Cu & 20g/t Ag from 332m (Zone 1 / V1)
3.1m @ 1.4% Cu & 12g/t Ag from 418m (Zone 2 / V3)
52.5m @ 0.6% Cu & 7g/t Ag from 448m (Zone 3)
Hole MO-G-80D
3.9m @ 1.6 % Cu & 36g/t Ag from 239m (Zone 1 / V1)
4.5m @ 4.0% Cu & 65g/t Ag from 254m (Zone 1 / V2)
2.2m @ 1.9% Cu & 31g/t Ag from 264m (Zone 2 / V3)
6.0m @ 1.8% Cu & 41g/t Ag from 272m (Zone 2 / V4)
10.0m @ 0.7% Cu & 7g/t Ag from 492m (Zone 3)
Hole MO-G-81D
11.0m @ 1.5% Cu & 19g/t Ag from 186m (Zone 1 / V2)
T3 Dome Regional Exploration & Geophysics Update
Current T3 Dome regional exploration targets include Airborne Electromagnetic (AEM) geophysics anomalies identified from the survey completed in July 2017. The AEM anomalies occur within an 8km wide zone extending along the 50km long strike of the survey area; together with copper geochemical anomalies identified by systematic soil sampling.
.Re-interpretation of the AEM geophysics survey data for the T3 Dome has been completed. This has confirmed the potential of many of the individual AEM targets for drill testing (as announced 21 July 2017).
.Systematic interpretation of the AEM data on 100m spaced T3 Dome cross sections, appears to have defined the 3D structural geometry of the T3 host sequence, to approximately 500m below surface.
.A sixth diamond drill rig has arrived onsite and drilling has commenced to determine the source of a 11km long, canoe shaped, shallow west plunging conductive anomaly which extends 4-5kms either side of the current T3 deposit. With the first hole circa 2km east of T3.
.Drilling has commenced to test the first AEM anomaly A16 (hole MO-G-106D) circa 1km north of T3. A16 is located near to the new 3D conductive anomaly and may provide further structural information to refine the model.
The 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 1,000km2), which is the focus of rapidly increasing exploration activity undertaken by the JV. 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.
The current phase of drilling at the T3 Copper/Silver Deposit commenced on 7th August 2017, with approval granted for the recommencement of both diamond core (DC) and reverse circulation (RC) drilling at the T3 Project and its vicinity, through to December 2018. This includes up to 70 planned diamond core drill holes designed to infill the current Resource and test for possible extensions. The objective of the infill program is to increase geological confidence and upgrade categorisation of the T3 Resource. The programme also includes grid drilling to investigate the potential for an underground Resource down-dip and along strike from the planned open-pit, and to investigate geophysical targets.
http://www.moneyam.com/action/news/showArticle?id=5742071
Metal Tiger Plc
Botswana Copper/Silver Project T3 Deposit Drilling Assay Results Growing Potential Outside Existing Planned Pit
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 partner MOD Resources Limited (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 5.044% of MODs issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian).
Highlights:
.Drill core assays along strike from planned T3 open pit confirm high-grade vein intersections and build confidence in the conceptual underground mining potential.
.Mineralised veins now appear to be continuous over an enlarged 1,400m strike length.
.Headline intersections from the 6 holes received include:
. Hole MO-G-80D
4.5m @ 4.0% Cu & 65 g/t Ag from 254m near western limit of drilling.
. Hole MO-G-81D
11.0m @ 1.5% Cu & 19 g/t Ag from 186m near eastern limit of drilling.
Re-interpretation of Airborne Electromagnetic (AEM) geophysics data with three-dimensional (3D) modelling suggests the 200-300m thick T3 mineralisation host sequence may continue along strike for up to 11km. Drilling to test the model has commenced.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
The latest batch of drill core assays from our T3 Copper/Silver project continue to build on the potential of the deposit. With all six holes returning significant intersections and higher-grade zones, from outside the confines and along strike of the current pit shell, the potential for future mining, be that open-pit or open-pit and underground, continues to grow.
The reinterpretation of airborne geophysics in conjunction with the latest understanding of the geology derived from drilling results has generated a three-dimensional model of the T3 mineralisation host sequence for drill testing. With a potential 11km of resulting 3D model strike length to be tested, we are excited by the potential of finding further, as-yet hidden, copper mineralisation.
We look forward to providing further exciting updates as the various work streams continue towards the scheduled Prefeasibility Study findings in December.
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 Limited (MOD). 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.
T3 Drilling Programme Update
.Assay results received from a further 6 diamond drill holes located outside and along strike from the eastern and western limits of planned T3 Open Pit (MO-G-74D, MO-G-76D, MO-G-78D, MO-G-79D, MO-G-80D and MO-G-81D).
.Assays confirm significant mineralisation continues, and remains open, along strike from planned T3 Open Pit mine. Total strike length of mineralisation now circa 1,400m.
.Four holes MO-G-74D, MO-G-76D, MO-G-79D and MO-G-80D, were reported as having visual copper mineralisation intersections in the announcement of 3rd October 2017.
.High-grade copper veins, intersected by the 4 holes, are interpreted to correlate with extensive shallow-dipping veins (V1 to V4) identified within, below and down-dip of the planned T3 Open Pit.
.High-grade veins commonly occur above significant widths of Zone 3 generally lower grade but potentially widespread disseminated copper mineralisation. Zone 3 is approximately 200m below Zone 2 and 300m below the top of the Zone 1 T3 Resource.
.Latest high-grade copper/silver intersections build on the existing high-grade vein intersections which are being assessed as a potential underground mining target complimentary to the open pit, in the ongoing conceptual underground mining study.
.36 of the 70 diamond holes scheduled for the current Phase 2 drilling programme have now been completed.
.Key down-hole intersections from the latest batch of diamond drill hole assay results, with interpreted mineral zone and vein id, include:
Hole MO-G-74D
4.0m @ 0.8% Cu & 17g/t Ag from 265m (Zone 1 / V1)
5.0m @ 0.9% Cu & 20g/t Ag from 292m (Zone 1 / V2)
5.0m @ 0.7% Cu & 14g/t Ag from 303m (Zone 1 / V2)
Hole MO-G-76D
8.2m @ 0.7% Cu & 15g/t Ag from 292m (Zone 1 / V1)
1.0m @ 5.8% Cu & 87g/t Ag from 346m (Zone 1 / V2)
50.0m @ 0.5% Cu & 6g/t Ag from 431m (Zone 3)
Hole MO-G-78D
5.8m @ 1.5% Cu & 28g/t Ag from 235m (Zone 1 / V2)
Hole MO-G-79D
9.0m @ 0.9% Cu & 20g/t Ag from 332m (Zone 1 / V1)
3.1m @ 1.4% Cu & 12g/t Ag from 418m (Zone 2 / V3)
52.5m @ 0.6% Cu & 7g/t Ag from 448m (Zone 3)
Hole MO-G-80D
3.9m @ 1.6 % Cu & 36g/t Ag from 239m (Zone 1 / V1)
4.5m @ 4.0% Cu & 65g/t Ag from 254m (Zone 1 / V2)
2.2m @ 1.9% Cu & 31g/t Ag from 264m (Zone 2 / V3)
6.0m @ 1.8% Cu & 41g/t Ag from 272m (Zone 2 / V4)
10.0m @ 0.7% Cu & 7g/t Ag from 492m (Zone 3)
Hole MO-G-81D
11.0m @ 1.5% Cu & 19g/t Ag from 186m (Zone 1 / V2)
T3 Dome Regional Exploration & Geophysics Update
Current T3 Dome regional exploration targets include Airborne Electromagnetic (AEM) geophysics anomalies identified from the survey completed in July 2017. The AEM anomalies occur within an 8km wide zone extending along the 50km long strike of the survey area; together with copper geochemical anomalies identified by systematic soil sampling.
.Re-interpretation of the AEM geophysics survey data for the T3 Dome has been completed. This has confirmed the potential of many of the individual AEM targets for drill testing (as announced 21 July 2017).
.Systematic interpretation of the AEM data on 100m spaced T3 Dome cross sections, appears to have defined the 3D structural geometry of the T3 host sequence, to approximately 500m below surface.
.A sixth diamond drill rig has arrived onsite and drilling has commenced to determine the source of a 11km long, canoe shaped, shallow west plunging conductive anomaly which extends 4-5kms either side of the current T3 deposit. With the first hole circa 2km east of T3.
.Drilling has commenced to test the first AEM anomaly A16 (hole MO-G-106D) circa 1km north of T3. A16 is located near to the new 3D conductive anomaly and may provide further structural information to refine the model.
The 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 1,000km2), which is the focus of rapidly increasing exploration activity undertaken by the JV. 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.
The current phase of drilling at the T3 Copper/Silver Deposit commenced on 7th August 2017, with approval granted for the recommencement of both diamond core (DC) and reverse circulation (RC) drilling at the T3 Project and its vicinity, through to December 2018. This includes up to 70 planned diamond core drill holes designed to infill the current Resource and test for possible extensions. The objective of the infill program is to increase geological confidence and upgrade categorisation of the T3 Resource. The programme also includes grid drilling to investigate the potential for an underground Resource down-dip and along strike from the planned open-pit, and to investigate geophysical targets.
http://www.moneyam.com/action/news/showArticle?id=5742071
banjomick
- 15 Nov 2017 09:38
- 377 of 474
15 November 2017
Metal Tiger Plc
Investment Update Request for Shareholder Meeting at Kingsgate Consolidated Limited for Potential Board Changes
Metal Tiger plc (LON:MTR), announces that it has requested ASX listed Kingsgate Consolidated Limited (KCN) to call and hold a general meeting of KCN shareholders to consider changes to the board of KCN.
Metal Tiger owns 14,950,427 shares in KCN, representing a 6.7% interest, and based on public disclosures by KCN, Metal Tiger is KCNs largest shareholder and the only shareholder with an interest of over 5% of KCN.
Metal Tigers request for the meeting of KCN shareholders has been made under Section 249D of the Australian Corporations Act 2001 (Cth) which enables any member, or group of members acting as a collective, with at least 5% of the votes that may be cast at a general meeting to request that the board of KCN convene and hold the shareholder meeting.
Upon receipt of a Metal Tigers valid request, the KCN directors are required to call the meeting within 21 days of receiving the request and the meeting is required to be arranged for a date not later than 2 months after the request is given to KCN.
The proposed resolutions that Metal Tiger is seeking be put to the KCN shareholders are that all existing KCN directors other than Mr Peter Alexander be removed and that 5 new directors be appointed to the KCN board, being three Metal Tiger directors:
Michael McNeilly;
Terry Grammer; and
Mark Potter,
and two independent candidates nominated by Metal Tiger, namely:
Richard (Dick) Warburton; and
Neville Bergin.
Metal Tiger has decided to take this action in order to both preserve and enhance the value of its shareholding.
Michael McNeilly, Chief Executive Officer of Metal Tiger commented:
Metal Tiger believes that KCN is in urgent need of board renewal. The incumbent board has overseen a massive destruction of shareholder value and failed to articulate a clear strategy going forward. The Board of Metal Tiger shares the view that they are not the right team to lead KCN in its current situation. I call on Ross Smyth-Kirk, Sharon Skeggs and Peter Warren to meet our requests for the benefit of all KCN shareholders.
Background on the independent candidates nominated by Metal Tiger are set out below:
http://www.moneyam.com/action/news/showArticle?id=5743815
Metal Tiger Plc
Investment Update Request for Shareholder Meeting at Kingsgate Consolidated Limited for Potential Board Changes
Metal Tiger plc (LON:MTR), announces that it has requested ASX listed Kingsgate Consolidated Limited (KCN) to call and hold a general meeting of KCN shareholders to consider changes to the board of KCN.
Metal Tiger owns 14,950,427 shares in KCN, representing a 6.7% interest, and based on public disclosures by KCN, Metal Tiger is KCNs largest shareholder and the only shareholder with an interest of over 5% of KCN.
Metal Tigers request for the meeting of KCN shareholders has been made under Section 249D of the Australian Corporations Act 2001 (Cth) which enables any member, or group of members acting as a collective, with at least 5% of the votes that may be cast at a general meeting to request that the board of KCN convene and hold the shareholder meeting.
Upon receipt of a Metal Tigers valid request, the KCN directors are required to call the meeting within 21 days of receiving the request and the meeting is required to be arranged for a date not later than 2 months after the request is given to KCN.
The proposed resolutions that Metal Tiger is seeking be put to the KCN shareholders are that all existing KCN directors other than Mr Peter Alexander be removed and that 5 new directors be appointed to the KCN board, being three Metal Tiger directors:
Michael McNeilly;
Terry Grammer; and
Mark Potter,
and two independent candidates nominated by Metal Tiger, namely:
Richard (Dick) Warburton; and
Neville Bergin.
Metal Tiger has decided to take this action in order to both preserve and enhance the value of its shareholding.
Michael McNeilly, Chief Executive Officer of Metal Tiger commented:
Metal Tiger believes that KCN is in urgent need of board renewal. The incumbent board has overseen a massive destruction of shareholder value and failed to articulate a clear strategy going forward. The Board of Metal Tiger shares the view that they are not the right team to lead KCN in its current situation. I call on Ross Smyth-Kirk, Sharon Skeggs and Peter Warren to meet our requests for the benefit of all KCN shareholders.
Background on the independent candidates nominated by Metal Tiger are set out below:
http://www.moneyam.com/action/news/showArticle?id=5743815
banjomick
- 16 Nov 2017 10:28
- 378 of 474
Metal Tiger takes aim at Australian miner Kingsgate Consolidated (Video)
08:02 16 Nov 2017
Michael McNeilly, chief executive of Metal Tiger plc (LON:MTR), tells Proactive he's called for a meeting to replace all but one of the directors at Kingsgate Consolidated.
McNeilly says the incumbent board has overseen a massive destruction of shareholder value and failed to articulate a clear strategy going forward.
Metal Tiger has recently built up a 6.7% stake in Kingsgate, which has lost more than 90% of its value over the past five years.
Kingsgate owns the Chatree mine 200 miles north of Bangkok in Thailand, which has just had a suspension order from the Thai government lifted.
http://www.proactiveinvestors.co.uk/companies/stocktube/8374/metal-tiger-takes-aim-at-australian-miner-kingsgate-consolidated-8374.html
08:02 16 Nov 2017
Michael McNeilly, chief executive of Metal Tiger plc (LON:MTR), tells Proactive he's called for a meeting to replace all but one of the directors at Kingsgate Consolidated.
McNeilly says the incumbent board has overseen a massive destruction of shareholder value and failed to articulate a clear strategy going forward.
Metal Tiger has recently built up a 6.7% stake in Kingsgate, which has lost more than 90% of its value over the past five years.
Kingsgate owns the Chatree mine 200 miles north of Bangkok in Thailand, which has just had a suspension order from the Thai government lifted.
http://www.proactiveinvestors.co.uk/companies/stocktube/8374/metal-tiger-takes-aim-at-australian-miner-kingsgate-consolidated-8374.html
banjomick
- 22 Nov 2017 20:36
- 379 of 474
22 November 2017
Metal Tiger Plc
Submission of Members Statement to Kingsgate
Metal Tiger plc (LON:MTR), announces that further to the RNS Reach Announcement on 15 November 2017, it has submitted its Members Statement for inclusion in the Kingsgate Consolidated Limited ("KCN") Notice of General Meeting.
Metal Tiger has initiated the opportunity to introduce much needed change at KCN by submitting a notice to the KCN Board pursuant to section 249D of the Australian Corporations Act 2001 (Cth) to convene and hold a general meeting, where KCN shareholders will be able to vote for the removal of current KCN directors and appoint Metal Tiger's nominees to the KCN Board.
Metal Tiger under its 249D notice has put forward resolutions for the removal of Ross Smyth-Kirk (Executive Chairman of KCN), Sharon Skeggs (Non-Executive Director of KCN) and Peter Warren (Non-Executive Director of KCN) and proposed the appointment of two independent directors, Richard ("Dick") F E Warburton AO LVO, Neville Bergin, and three Metal Tiger Board members being Michael McNeilly, Terry Grammer and Mark Potter.
Metal Tiger is KCN's largest shareholder and holds a 6.7% interest.
The Members Statement, which was submitted on 22 November 2017, reads as follows:
http://www.moneyam.com/action/news/showArticle?id=5753673
Metal Tiger Plc
Submission of Members Statement to Kingsgate
Metal Tiger plc (LON:MTR), announces that further to the RNS Reach Announcement on 15 November 2017, it has submitted its Members Statement for inclusion in the Kingsgate Consolidated Limited ("KCN") Notice of General Meeting.
Metal Tiger has initiated the opportunity to introduce much needed change at KCN by submitting a notice to the KCN Board pursuant to section 249D of the Australian Corporations Act 2001 (Cth) to convene and hold a general meeting, where KCN shareholders will be able to vote for the removal of current KCN directors and appoint Metal Tiger's nominees to the KCN Board.
Metal Tiger under its 249D notice has put forward resolutions for the removal of Ross Smyth-Kirk (Executive Chairman of KCN), Sharon Skeggs (Non-Executive Director of KCN) and Peter Warren (Non-Executive Director of KCN) and proposed the appointment of two independent directors, Richard ("Dick") F E Warburton AO LVO, Neville Bergin, and three Metal Tiger Board members being Michael McNeilly, Terry Grammer and Mark Potter.
Metal Tiger is KCN's largest shareholder and holds a 6.7% interest.
The Members Statement, which was submitted on 22 November 2017, reads as follows:
http://www.moneyam.com/action/news/showArticle?id=5753673
banjomick
- 22 Nov 2017 21:26
- 380 of 474
A battle looms for Australia's Kingsgate
(Video)
21 Hours Ago
The largest shareholder in Australian miner Kingsgate wants to change the board and management to try and resolve a legal dispute over a gold mine in Thailand, says Michael McNeilly of Metal Tiger.
https://www.cnbc.com/video/2017/11/21/a-battle-looms-for-australias-kingsgate.html
(Video)
21 Hours Ago
The largest shareholder in Australian miner Kingsgate wants to change the board and management to try and resolve a legal dispute over a gold mine in Thailand, says Michael McNeilly of Metal Tiger.
https://www.cnbc.com/video/2017/11/21/a-battle-looms-for-australias-kingsgate.html
geoffsh - 27 Nov 2017 22:56 - 381 of 474
Some very positive news from MOD. hopefully some assay results soon.
http://www.asx.com.au/asxpdf/20171128/pdf/43pn1bw5rrwtb6.pdf
http://www.asx.com.au/asxpdf/20171128/pdf/43pn1bw5rrwtb6.pdf
banjomick
- 28 Nov 2017 09:39
- 382 of 474
28 November 2017
Metal Tiger Plc
Botswana Copper/Silver Project T3 Deposit: Environmental Approvals & Prefeasibility Study Update
Metal Tiger plc (LON:MTR is pleased to provide an update regarding the Companys Joint Venture (JV) project with partner MOD Resources Limited (ASX:MOD) (MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger).
Highlights:
Extension drilling north of the T3 receives Environmental Affairs approval.
Environmental approval received for accommodation camp outside Ghanzi.
Environmental Impact Assessment (EIA) commenced for planned T3 Mine.
Prefeasibility Study (PFS) now targeted for completion during January 2018.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are delighted to report a number of important approvals which will allow the scope of the T3 Project to broaden significantly. We are particularly pleased that the T3 extension drilling application has been approved, allowing the JV to test the geophysics targets to the north of the T3 Deposit and effectively doubling the area of ground we are permitted to diamond drill.
The additional airborne geophysics will allow the team to focus in on the strong soil anomalies along strike to the east of T3. Whilst the approval for the T3 Exploration camp will help with logistics as the onsite team builds and the number of contractors and consultants increases with T3s progression towards a mine.
This announcement coincides with an update released today by MOD which 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=5759318
Metal Tiger Plc
Botswana Copper/Silver Project T3 Deposit: Environmental Approvals & Prefeasibility Study Update
Metal Tiger plc (LON:MTR is pleased to provide an update regarding the Companys Joint Venture (JV) project with partner MOD Resources Limited (ASX:MOD) (MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger).
Highlights:
Extension drilling north of the T3 receives Environmental Affairs approval.
Environmental approval received for accommodation camp outside Ghanzi.
Environmental Impact Assessment (EIA) commenced for planned T3 Mine.
Prefeasibility Study (PFS) now targeted for completion during January 2018.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are delighted to report a number of important approvals which will allow the scope of the T3 Project to broaden significantly. We are particularly pleased that the T3 extension drilling application has been approved, allowing the JV to test the geophysics targets to the north of the T3 Deposit and effectively doubling the area of ground we are permitted to diamond drill.
The additional airborne geophysics will allow the team to focus in on the strong soil anomalies along strike to the east of T3. Whilst the approval for the T3 Exploration camp will help with logistics as the onsite team builds and the number of contractors and consultants increases with T3s progression towards a mine.
This announcement coincides with an update released today by MOD which 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=5759318
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