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
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12th Mar 2018 Additional Investment into MOD Resources Limited
01st Mar 2018 Directorate change
27th Feb 2018 Investment in Connemara
22nd Nov 2017 Submission of Members Statement to Kingsgate
24th Aug 2017 Botswana Copper/Silver Project – T3 Mineral Resource Estimate Upgraded

VIDEO/AUDIO/PRESENTATIONS



EVENTS
21st Apr 2018 UK Investor Show 21st April 2018


SOCIAL MEDIA
twitter-MTR
twitter-MOD Resources Ltd

21 February 2018
Metal Tiger Plc

On market purchase – Thor Mining

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that it has purchased on market, 8,250,000 shares in Thor Mining plc (LON/ASX:THR “Thor”) at an average price of 3.35p per share.

Metal Tiger’s holding in Thor is 77,600,000 representing 12.02% of the issued share capital in Thor.

For the year end 30 June 2017 Thor Mining plc reported an audited net loss of £1,253,000 and as at 30 June 2017 had audited net assets of £9,910,000.

https://www.metaltigerplc.com/index.php/news/1204-on-market-purchase-thor-mining-2018-02-21-144800

26 February 2018
Metal Tiger Plc

Share Issue and Directors’ Interest in Shares

On 2 February 2018 Metal Tiger stated it was required to issue new Metal Tiger shares in respect of the remaining 204,500 Kemco Mining Plc Pre-IPO Warrants (the “Warrants”).

The Company advised that the number of Warrants is 199,500 and not 204,500 as previously stated.

Pursuant to their original terms, the remaining 199,500 Warrants have now been converted into Metal Tiger shares at a 20% discount to the 15 day VWAP post 2 February 2018. This has resulted in Metal Tiger issuing 12,259,617 new shares at an issue price of approximately 1.63 pence per share, with these shares being expected to be admitted to trading on or around 5 March 2018.

Following this issue Metal Tiger has 1,107,592,150 issued shares.

The following directors of the Company, Charles Hall, Michael McNeilly and Geoff McIntyre will receive new shares further to their initial subscriptions in the KEMCO Pre-IPO financing as set out below:

https://www.metaltigerplc.com/index.php/news/1206-share-issue-and-directors-interest-in-shares-2018-02-26-092100

27 February 2018
Metal Tiger Plc

Investment in Connemara

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that it has purchased, via participation in a private placing, 4,819,227 shares in Connemara Mining Company plc (LON:CON, “Connemara”) at a price of 4.15p per share.

Each placing share has a one-for-one warrant to subscribe for new ordinary shares at 7p per share with a two year exercise life (the “7p Warrants”) meaning following completion of the placing MTR will be interested in 4,819,227 7p Warrants. Should however the share price of Connemara exceed a 20 (twenty) pence volume weighted average share price for five consecutive trading days, then Connemara has the right to accelerate warrant conversion.

Following completion of the placing, Metal Tiger’s holding in Connemara will be 4,819,227 shares representing 4.23% of the issued share capital in Connemara.

For the year end 31 December 2016 Connemara reported an audited net loss of €195,584 and as at 31 December 2016 had audited net assets of €2,432,620.

https://www.metaltigerplc.com/index.php/news/1207-investment-in-connemara-2018-02-27-102000

1 March 2018
Metal Tiger Plc

Directorate change

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announces that Geoff McIntyre is stepping down from his role of Non-Executive Director. The Company is pleased to announce that the appointment of Neville Keith Bergin as Non-Executive Director effective immediately.

Geoff departs Metal Tiger after over 1 year as Director (first as an Executive and then as a Non-Executive Director), his contribution to the growth of the Company during this period has been immeasurable.

Neville is a mining engineer with almost four decades of accumulated experience in the mining industry. He has had exposure to a range of commodities and both underground and open pit operational experience. His broad experience base encompasses many operational and executive roles, and five years experience as a non-executive director of both ASX listed and unlisted companies including Northern Star Resources Limited. Neville was previously Vice President of Gold Fields Australia Pty Ltd where he was in charge of operational management of two mines.

Neville has extensive experience in technical due diligence having undertaken this type of investigation for several past employers. He is also well versed in study management having managed several feasibility studies. He has a BSc from the Camborne School of Mines in the UK and currently runs his own mining consultancy business.

Michael McNeilly, CEO of Metal Tiger, commented:

On behalf of the Board I would like to thank Geoff for his dedication and commitment to the development of the Company over the past circa 3 years. Geoff has played a key role in Metal Tiger and we all wish him well in his next endeavours.

I am excited to welcome Neville to the Board where he adds further strength and depth to our board. Neville has extensive experience in technical and operational management and the Board and I look forward to using Nevilles multi-commodity and underground and open pit experience as we continue to progress our significant T3 Copper asset in Botswana, whilst seeking additional investment or partnership opportunities.

Director Disclosure:

Neville Keith Bergin (age 61)

Current Directorships or Partnerships Past Directorships or Partnerships over the last 5 years
Neville Bergin & Associates Pty Ltd TNT Mines Ltd

In relation to the appointment of Mr Bergin, the Company confirms that there is no further information to be disclosed under paragraph (g) of Schedule 2 of the Aim Rules for Companies.

http://www.moneyam.com/action/news/showArticle?id=5875071

MOD to have a capital raising.





www.asx.com.au/asxpdf/20180302/pdf/43s3rkwt9jr6r9.pdf

12 March 2018
Metal Tiger Plc

Additional Investment into MOD Resources Limited

Metal Tiger (LON: MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce an additional investment into MOD Resources (ASX:MOD).

Metal Tiger has invested a further A$705,000 to acquire an additional 15,000,000 MOD shares in the recent share placement made by MOD Resources, and as announced on 6 th March 2018, Metal Tiger thereby maintains its proportionate holding in MOD Resources which is currently 5.86%.

Metal Tiger also intends to take up taken up its full entitlement under the 16 for 1 rights issue of 7,887,500 shares at a cost of A$370,713 also announced on 6 th March 2018.

The issue price of A$0.047 per share for both the capital raise and the rights issue represented a discount of 9.8% to the 15-day VWAP prior to 6 th March 2018 and is expected to raise a total of circa AUD18m for MOD Resources.

Highlights:

- Metal Tiger acquires a further 15,000,000 MOD Resources shares at A$0.047 per share for a total investment of A$705,000 via participation in MOD Resources placing announced on 6 th March 2018; and

- this additional investment increases Metal Tiger's shareholding to 126,200,000 shares or 5.86% of MOD Resources issued share capital.

In addition, MTR holds 1,541,667 A$0.06 warrants exercisable until 15 April 2019.

The Company would refer you to the announcements released by MOD, which can be viewed through the following links:

https://www.asx.com.au/asxpdf/20180306/pdf/43s69nkk9y2s68.pd

https://www.asx.com.au/asxpdf/20180306/pdf/43s70s2g078z8b.pdf

Note: for the half year ended 30 June 2017 MOD Resources reported a loss for the period of $2,247,308 and total net assets of $31,504,515.

http://www.moneyam.com/action/news/showArticle?id=5888624

Michael McNeilly of Metral Tiger will be speaking at the UK Investor Show this year along with MTR exhibiting at this event:

UK Investor Show 21st April 2018

https://www.ukinvestorshow.com/

15 March 2018
Metal Tiger Plc

MOD Resources Investment Update

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce the following on market purchase of shares in MOD Resources Limited ("MOD") (ASX:MOD):

Date of purchase    No of shares    Price per share (A$) Total purchase price (A$)
14/03/18             97,043             0.0468                         4,545.85
15/03/18             3,202,957             0.04655             149,101.34


Metal Tiger currently holds 129,500,000 MOD shares representing 5.98% of the issued share capital of MOD.

MOD reported audited net assets of A$31,504,515 and audited net loss of A$2,057,170 for the six months ended 30.06.17.

19 March 2018
Metal Tiger Plc

MOD Resources Investment Update

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce the following on market purchase of shares in MOD Resources Limited (“MOD”) (ASX:MOD):

Date of purchase------------15/03/18
No of shares----------------1,412,915
Price per share (A$)--------0.04705
Total purchase price (A$)--66,478

Metal Tiger currently holds 130,912,915 MOD shares representing 6.049% of the issued share capital of MOD.

MOD reported audited net assets of A$31,504,515 and audited net loss of A$2,057,170 for the six months ended 30.06.17.

https://www.metaltigerplc.com/index.php/news/1211-mod-resources-investment-update-2018-03-19-070700

26 March 2018
Metal Tiger Plc

Botswana Copper/Silver Project T3 Drill Results Build Open Pit Expansion Potential

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) (MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger).

Highlights:

.Latest assay results and drill hole intersections support case for expansion of T3 Open Pit.
.Recent Expansion Case drill intersections include:
-Hole MO-G-124D
.17.9m @ 2.0% Cu and 46g/t Ag from 196m
.3.0m @1.3%Cu and 10g/t Ag from 236m
.6.0m @1.0%Cu and 20g/t Ag from 242m
-Hole MO-G-121D
.16.0m @ 1.3% Cu and 22g/t Ag from 174m
.21.0m @0.7%Cu and 14g/t Ag from 196m

. Open Pit Phase 2 infill and Expansion Case drilling programme now effectively complete.
.Assay results awaited for 34 diamond drill holes with revised Resource targeted for early June. With intention to convert additional Inferred Mineral Resources to the Indicated and Measured categories and increase the overall Resource size.
.Drilling results will also feed into the Feasibility Study to help increase confidence in the T3 Expansion Case model (which assumes ore processing at a rate of 2.5Mtpa for ~3yrs before ramping to 4Mtpa for ~8yrs) and to help with mine schedule modelling.

Michael McNeilly Chief Executive Officer of Metal Tiger commented :

As we continue to make good progress with the T3 Open Pit Feasibility Study we are pleased to report that the preliminary results from the T3 Phase 2 Infill and Expansion Case drilling programme are very encouraging showing the potential that the overall Mineral Resource at T3 can be increased and giving confidence to the Open Pit Expansion Case ore processing model.

Preliminary modelling shows that the total mineralisation intersected by drilling to date extends well outside the Resource announced on 24 August 2017 and we are looking forward to the results of the next Resource upgrade scheduled for early June

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


and more regarding T3 Drilling Programme, Regional Exploration Programme and Background information on the T3 Project via link below:

http://www.moneyam.com/action/news/showArticle?id=5906789

Asia Mines and Money.





https://twitter.com/metaltigerplc

I see our very own Charles Hall is one of the speakers.

https://asia.minesandmoney.com/speakers/charles-hall/

As is M.M.

https://asia.minesandmoney.com/speakers/david-michael-mcneilly/

Wonder if we will get a Thailand.

3 April 2018
Metal Tiger Plc

Botswana Copper/Silver Project EMP Approval for Drilling T3 Dome

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) (MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger).

Highlights:

Botswana Department of Environmental Affairs (DEA) has approved the Environmental Management Plan (EMP) for drilling campaign to test numerous high priority targets along the 50km long T3 Dome.

T3 Dome EMP is subject to a four-week public review period with drilling planned to commence in May 2018.

T3 Dome EMP will increase the area available for drilling within the T3 Dome to circa 680km2.

Drilling on the T3 Dome is planned to commence with four drill rigs in addition to the three rigs currently drilling at T3.

Drill targets will include an initial 10 high priority untested T3 Dome Airborne Electromagnetic (EM) geophysics anomalies thought to be related to lithological formation conductors.

Michael McNeilly Chief Executive Officer of Metal Tiger commented:

The approval of the EMP for the T3 Dome is a key development for the JV, opening up an additional 680km2 of the prospective T3 Dome for drilling. Subject to the public review it is planned that four drill rigs can start turning in May, with the objective of testing the numerous anomalies already identified by the previous airborne geophysics and soil sampling programmes.

These high priority target anomalies represent an opportunity for the discovery of additional satellite copper deposits which could augment or supplement the potential offered by developing the T3 Open Pit Resource and its potential underground extensions. We look forward to the prospect of an exciting stream of regional drill results whilst the JV continues to progress the T3 Feasibility Study works.

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

T3 Dome Regional Exploration Programme Target

The T3 Dome EMP has been lodged to drill test high priority geophysical and geochemical anomalies generated by the T3 Dome airborne EM survey (announced 21 July 2017) and the regional soil sampling programmes.

Initial interpretation of the geophysics data points to the district scale T3 Dome being dominated by shallow thrust related domal structures including the 11km long T-Rex dome centred on the T3 Open Pit Resource area.

Reinterpretation of the original geophysics data in conjunction with data from the recent EM Survey extension is ongoing with preliminary 3D modelling of the interpreted T3 host sequence to approximately 500m below surface.

It is hoped that 3D modelling of the geology will help target the lithologies prospective for hosting more high-grade copper vein deposits.

Approval of the EMP had been briefly delayed due to staffing issues at the DEA.

http://www.moneyam.com/action/news/showArticle?id=5915234

Worth a look.

hxxp://docs.wixstatic.com/ugd/a5d095_03a1393d71474853b0fb991fea97a91d.pdf

Tamesis Partners is a specialist ECM and advisory house with a focus on the mining sector

10 April 2018
Metal Tiger Plc

Additional Investment into MOD Resources Limited

Metal Tiger (LON: MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce an additional investment into MOD Resources Limited (ASX:MOD).

Further to the announcement of 12th March 2018, Metal Tiger has taken up its full entitlement under the 16 for 1 rights issue of 7,887,500 shares at a cost of A$370,713.

This additional investment increases Metal Tiger's shareholding to 138,800,415 shares or 6.0197% of MOD Resources Limiteds issued share capital.

Note: for the full year ended 31 December 2017 MOD Resources Limited reported a loss for the period of A$3,320,669 and total net assets of A$30,653,974.

http://www.moneyam.com/action/news/showArticle?id=5926497

16 April 2018
Metal Tiger Plc

Botswana Copper/Silver Project EMP Submitted for Drilling T20 Dome

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) (MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger).

Highlights:

Application lodged with Botswana Department of Environmental Affairs (DEA) for an Environmental Management Plan (EMP) for drilling within the circa 697km2 T20 Dome complex.

T20 Dome EMP will allow the drilling of new and existing targets identified along a 140km long strike of the Central Structural Corridor.

Additional 939km2 airborne electromagnetic (EM) geophysics survey coverage planned to commence in mid-2018, to link up the previous three EM trail survey blocks over the centre of the T20 Dome.

Michael McNeilly Chief Executive Officer of Metal Tiger commented:

The submission of the EMP for the T20 Dome will, where awarded, provide access to important strategic ground for the JV and open up an additional 697km2 of under explored and prospective Kalahari copper belt for drilling. Opening the T20 Dome for drilling will allow the possibility of adding to a pipeline of confirmed copper targets whilst we move the T3 Resource through the mine feasibility study process. With the recently awarded T3 Dome EMP, drilling is planned to commence at the T3 Dome in May, and we look forward to the prospect of exciting drill intersections.

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

T20 Dome Regional Exploration Planned Work & Targets

***More via link below***

http://www.moneyam.com/action/news/showArticle?id=5932726

From the UK Investor Show (21st Apr 2018)

https://www.youtube.com/watch?time_continue=3&v=If0gxy0pGl8

15 May 2018
Metal Tiger Plc

Botswana Copper/Silver Project Major Drilling Campaign Commences at T3 Dome

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) (MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger).

Highlights:

Major drilling campaign commences at T3 Dome Complex, following completion of the public review of the Environmental Management Plan announced 4 April 2018.
T3 Dome now described as a Complex due to number targets being identified within its circa 1,000km2.

Airborne electromagnetic (AEM) geophysics interpretation points to a series of large conductive domes, spread over a wide area. Similar geometries and internal structures to T-Rex Dome which underlies the T3 Deposit.
Seven buried domes to be drilled initially, circa 60 diamond drill holes planned for Phase 1.

Drilling underway at A4 Dome, 8km west of T3 Deposit and at A1 Dome, 20km NE of T3.

Michael McNeilly Chief Executive Officer of Metal Tiger commented:

Using the latest data processing and interpretation techniques the JVs geophysical contractors have identified a series of prospective structural dome targets within the, 1,000km2, T3 Dome complex. With cross-sectional profiles similar to the T-Rex Dome, the feature associated with the T3 Deposit, these new domes will now be drill tested to confirm they coincide with the favourable geological units and structures associated with the T3 mineralisation. This new drilling programme has the potential to deliver a pipeline of exciting results and hopefully additional T3 Type deposits.

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

T3 Dome Complex

Processing and interpretation of AEM data to the 500m depth limit of the EM data has identified at least seven conductive domes within the T3 Dome Complex.
Domes are generally >5km long, 1-2km wide and interpreted to be associated with shallow angle thrusting and stacking of prospective copper belt sediments. Interpretation appears to have defined not only the conductive shell but also the internal structure of several domes.

Tops of several domes interpreted to start from 50-100m below surface, other domes start at 200-300m depth and are less well defined.

At the T3 Deposit a distinctive EM conductor, the T3 Marker Unit, appears to be associated with a 40m thick, locally carbonaceous shale unit with varying degrees of alteration and veining intersected in many of the T3 drill holes.
Cross sections of interpreted AEM data for five domes are given with initial planned drill hole traces in the MOD announcement of today (see above link).
T3 Dome Complex Planned Drilling Programme

Approximately 60 diamond core drill holes have been budgeted during the Phase 1 drilling along the T3 Dome Complex, with 4 drill rigs deployed.
The objective of the planned drilling is to confirm the prospective geological sequence and structures occur within the interpreted domes.
Holes to be drilled in areas of structural complexity to test for vein hosted deposits of the T3 Type, and to test the underlying prospective Ngwako Pan Formation (NPF) contact which hosts other substantial copper deposits in the eastern part of the Kalahari Copper Belt.

A total of 8 diamond core rigs are or will be deployed on the JV licences, in addition to the 4 rigs planned for the T3 Dome Complex, 1 drill rig is working at the T3 Underground Resource and 3 rigs on geotechnical and sterilisation drilling for the T3 Pit Project.

Background information on the T3 Project (see link below)

http://www.moneyam.com/action/news/showArticle?id=5970979

24 May 2018
Metal Tiger Plc


Botswana Copper/Silver Project T3 Drilling 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 partner MOD Resources Limited (ASX:MOD) (MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger).

Highlights: Via link at BOP



Michael McNeilly Chief Executive Officer of Metal Tiger commented:

We are delighted to report that all assay results required for the Mineral Resource upgrade work at our T3 Project have been received, our consultants CSA Global have completed their site visit review and will now be transferring the assay data into their Resource models. Concurrently we can also report that with 50 holes completed to date for the Underground Resource Extension Drilling Programme the JV will soon be in a position to start estimating a T3 Underground Resource.

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



http://www.moneyam.com/action/news/showArticle?id=5983607

31 May 2017

Metal Tiger Plc

("Metal Tiger" or the "Company")

Audited results for the year ended 31 December 2017

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce its audited results for the year ended 31 December 2017.

Highlights:

Investment gains, both realised and unrealised total 5,457,399 for 2017
Reinvestment focused on Botswana and Thai IPO
Increase in net cash in year of 1,455,224 (after net proceeds from share issues of 7,642,604, proceeds of investment sales of 5,402,007, reinvestment in Joint Ventures and Associates of 1,750,325 and further Direct Equity investments of 5,939,179)
Net Asset Value up 107% and Net Assets per fully diluted share up 39%
Net Current Assets of 12,616,117 up from 5,675,276 in the Group in prior year
Overheads before share based payments, Thai IPO costs and increased activity in subsidiaries remained flat year on year at 1,272,000.

Michael McNeilly CEO of Metal Tiger stated: "2017 was a year of great progress for Metal Tiger, with the value of the Companys interests in Botswana growing substantially and our investments in Direct Equities yielded strong results.

We closed the year concentrating on advancing our core projects with a stronger working capital position.

Progress in the first half of 2018 has been encouraging with the publication by the Botswanan Joint Venture of a PFS that supports the decision to progress towards a Definitive Feasibility Study which is expected to be completed in early 2019. Several drill results have also been published and these will be fundamental to the generation of a robust DFS. Furthermore, environmental permissions have recently been obtained to drill at the T3 Dome and a Phase 1 drill campaign of circa 60 planned diamond drill holes is already underway on several key AEM targets. There is real industry interest in the potential of the Kalahari Copper Belt following MOD/MTRs success with T3 and the recommencement of exploration. We also await with much anticipation the environmental approvals to drill at T20.

There is significant industry interest that the Kalahari Copper Belt could develop into a copper district which could support significant amounts of economic copper production in the future. It is of course still very early days in terms of exploration.

Metal Tiger continues to actively assess new opportunities which are in line with its investing policy and will continue to actively assess opportunities to crystallise value from its existing investments.

The Board believes that Metal Tiger is in a strong position to take advantage of continued recovery in the natural resource sector.

The Annual Report and Accounts for the year ended 31 December 2017, along with an explanatory note for shareholders, will be available shortly to view and download from Metal Tiger's website (www.metaltigerplc.com) in accordance with rule 26 of the AIM Rules for Companies along with a notice of Annual General Meeting and form of Proxy. The AGM is scheduled to take place at 10am on 28 June 2018 at the Oriental Club, Stratford House, Stratford Place, London, W1C 1ES.

http://www.moneyam.com/action/news/showArticle?id=5992386

6 June 2018

Metal Tiger plc
("Metal Tiger" or the "Company")

Investment in Kalahari Metals Limited

Metal Tiger is pleased to announce that it has signed a binding Investment Agreement (the Agreement) to acquire up to 50% of Botswanan focused explorer Kalahari Metals Limited (KML). KML is a privately owned company and holds interests in seven highly prospective exploration licences covering 4,063km2 in the Kalahari Copper Belt, consisting of two 100% owned exploration licences and five exploration licences subject to a binding earn-in agreement with Triprop Holdings (Pty) Limited (Triprop).

Highlights

.Metal Tiger will have the right to acquire up to 50% of KML for a total consideration of US$1.6 million.
.Metal Tiger has exercised the First Option under the Agreement and is to be issued 18% of the enlarged share capital of KML for a total consideration of US$600,000.
.The 100% KML owned exploration licences are situated northeast along strike of the Cupric Canyon Capital (circa 50 km) and the MOD Resources Limited (MOD)/Metal Tiger JV projects (circa 170km). They cover 1,996 km2 and consist of a significant land holding over the prospective copper belt.
.KML have the right to earn-in to up to 80% of Triprop followed by a right to purchase the remaining 20% of Triprop at an independent valuation. Triprop hold 5 granted exploration licences arranged as two separate blocks of ground with a combined total area of 2,067 km2.
.Metal Tiger to appoint two non-executive directors to the board of KML.
.Licences cover the prospective DKar and Ngwako Pan Formations with favourable structural positions and are associated with major copper deposits in the region.
.Available datasets include high resolution airborne magnetic geophysics survey, soil geochemical sample data and results of 20-hole scout drilling with prospective intersections including 5.1m @ 0.69% Cu and 1.8m @ 1.80% Cu & 8.2g/t Ag.
.The deal gives Metal Tiger exposure to a further 4,063 km2 of largely unexplored ground, adjacent to significant recent discoveries in the highly prospective Kalahari Copper Belt.
.For more information on Kalahari Metals Limited please visit their website: www.kalaharimetals.com

Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:

The signing of this deal with Kalahari Metals Limited follows 3 months of substantial corporate and technical due diligence and is a further exciting milestone in Metal Tigers continuing involvement in a world class copper region in Botswana. Metal Tiger has had a long focus on the exploration of the region and through its close partnership with MOD Resources Limited and its involvement with the seminal T3 deposit discovery, is able to bring exceptional strategic and technical expertise to create an exciting new joint venture with the experienced operational team at KML. We look forward to updating shareholders in the near future with regards to KMLs proposed exploration plan. Based on our initial discussions, key focus will be to conduct geophysics and soil geochemical surveys to identify high priority targets for drilling as well as commence work on the environmental management plans (EMPs) for areas likely to be of interest for drilling in the near term.

The Board of Metal Tiger greatly looks forward to working with its new partners at KML and holds great belief in the potential of the Kalahari Copper Belt to develop into a world class economic copper district.

***More via link below***

http://www.moneyam.com/action/news/showArticle?id=5999169