| Home | Log In | Register | Our Services | My Account | Contact | Help |
You are NOT currently logged in
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
- 03 Aug 2018 16:49
- 448 of 474
16:40 Metal Tiger PLC (MTR) Second Price Monitoring Extn RNS
16:35 Metal Tiger PLC (MTR) Price Monitoring Extension RNS
http://www.moneyam.com/action/nav/news?epic=MTR
16:35 Metal Tiger PLC (MTR) Price Monitoring Extension RNS
http://www.moneyam.com/action/nav/news?epic=MTR
banjomick
- 06 Aug 2018 08:58
- 449 of 474
Metal Tiger Plc
Placing of £3.45 million and minimum offering of approximately £1.15 million to clients and affiliates of the Sprott Group of Companies
Metal Tiger (LON: MTR), the natural resources investing company, is pleased to announce a placing (the “Placing”) with UK institutional and high net worth investors at a price of 2.8p per share to raise gross proceeds for the company of circa £3.45 million.
The Company is further pleased to announce that it will complete a non-brokered private placement with certain affiliates and clients of the Sprott Group of Companies (“Sprott”) for a minimum of £1.148 million (the “Sprott Offering”), on the same terms as the Placing.
The gross proceeds of the Placing and the Sprott Offering (together, the “Fundraising”) will total a minimum gross proceeds of £4.6m, and will be used to fund Metal Tiger’s portion of its commitment to its Joint Venture project with partners MOD Resources Limited (ASX:MOD) in the Kalahari Copper Belt in Botswana (30% Metal Tiger / 70% MOD Resources), to finance possible further investment in Kalahari Metals Limited (“KML”) in the same region, as well as for working capital and general corporate purposes.
Shareholders should note that the Sprott Offering is conditional on certain conditions being met before the closing date of 31 August 2018 (the “Closing Date”). If these conditions are not met by the Closing Date, the Sprott Offering may not occur and Metal Tiger may not raise the minimum £1.148 million. The Closing Date for the Sprott Offering may be changed upon the mutual agreement of Sprott and Metal Tiger.
Highlights of the Placing:
Placing of 123,216,595 new ordinary shares in Metal Tiger at a placing price of 2.8p per ordinary share (the “Placing Shares”) raising gross proceeds of approximately £3.45 million.
Issue of 123,216,595 warrants to subscribe for 123,216,595 new ordinary shares in Metal Tiger at an exercise price of 5p per warrant, within a 3year exercise period from the date of admission of the shares to trading (“Warrants”).
Placing taken place at a circa 17% discount to the previous day closing price.
Placing undertaken with new and existing Metal Tiger shareholders.
Funding to augment existing underlying working capital underpinning the Company’s joint ventures in its Metal Projects division, with a specific focus on the Company’s Botswanan exploration projects.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
“We are very pleased with the level of support from both UK and international investors in this fundraising.Sprott continue to support Metal Tiger, which is demonstrable of their belief in the Company and its investments. For investors wanting exposure to the highly prospective Kalahari copper belt in Botswana, Metal Tiger offers a unique way of gaining de-risked exposure in early and later stage development projects. This investment will allow the Company to further cement its position on the belt as we continue to deliver value to our shareholders.
I would like to thank all those existing and new investors who participated and we look forward to continuing to execute our strategy of investing in exciting companies and projects where significant value exists for our shareholders.”
**More via link below***
https://www.metaltigerplc.com/index.php/news/1251-placing-of-345-million-and-minimum-offering-of-approximately-115-million-to-clients-and-affiliates-of-the-sprott-group-of-companies-2018-08-06-070000
Placing of £3.45 million and minimum offering of approximately £1.15 million to clients and affiliates of the Sprott Group of Companies
Metal Tiger (LON: MTR), the natural resources investing company, is pleased to announce a placing (the “Placing”) with UK institutional and high net worth investors at a price of 2.8p per share to raise gross proceeds for the company of circa £3.45 million.
The Company is further pleased to announce that it will complete a non-brokered private placement with certain affiliates and clients of the Sprott Group of Companies (“Sprott”) for a minimum of £1.148 million (the “Sprott Offering”), on the same terms as the Placing.
The gross proceeds of the Placing and the Sprott Offering (together, the “Fundraising”) will total a minimum gross proceeds of £4.6m, and will be used to fund Metal Tiger’s portion of its commitment to its Joint Venture project with partners MOD Resources Limited (ASX:MOD) in the Kalahari Copper Belt in Botswana (30% Metal Tiger / 70% MOD Resources), to finance possible further investment in Kalahari Metals Limited (“KML”) in the same region, as well as for working capital and general corporate purposes.
Shareholders should note that the Sprott Offering is conditional on certain conditions being met before the closing date of 31 August 2018 (the “Closing Date”). If these conditions are not met by the Closing Date, the Sprott Offering may not occur and Metal Tiger may not raise the minimum £1.148 million. The Closing Date for the Sprott Offering may be changed upon the mutual agreement of Sprott and Metal Tiger.
Highlights of the Placing:
Placing of 123,216,595 new ordinary shares in Metal Tiger at a placing price of 2.8p per ordinary share (the “Placing Shares”) raising gross proceeds of approximately £3.45 million.
Issue of 123,216,595 warrants to subscribe for 123,216,595 new ordinary shares in Metal Tiger at an exercise price of 5p per warrant, within a 3year exercise period from the date of admission of the shares to trading (“Warrants”).
Placing taken place at a circa 17% discount to the previous day closing price.
Placing undertaken with new and existing Metal Tiger shareholders.
Funding to augment existing underlying working capital underpinning the Company’s joint ventures in its Metal Projects division, with a specific focus on the Company’s Botswanan exploration projects.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
“We are very pleased with the level of support from both UK and international investors in this fundraising.Sprott continue to support Metal Tiger, which is demonstrable of their belief in the Company and its investments. For investors wanting exposure to the highly prospective Kalahari copper belt in Botswana, Metal Tiger offers a unique way of gaining de-risked exposure in early and later stage development projects. This investment will allow the Company to further cement its position on the belt as we continue to deliver value to our shareholders.
I would like to thank all those existing and new investors who participated and we look forward to continuing to execute our strategy of investing in exciting companies and projects where significant value exists for our shareholders.”
**More via link below***
https://www.metaltigerplc.com/index.php/news/1251-placing-of-345-million-and-minimum-offering-of-approximately-115-million-to-clients-and-affiliates-of-the-sprott-group-of-companies-2018-08-06-070000
banjomick
- 06 Aug 2018 09:00
- 450 of 474
Botswana Copper/Silver Project – A4 Dome Outstanding Drill Intersection Confirmed
https://www.metaltigerplc.com/index.php/news/1250-botswana-coppersilver-project-a4-dome-outstanding-drill-intersection-confirmed-2018-08-06-070000
https://www.metaltigerplc.com/index.php/news/1250-botswana-coppersilver-project-a4-dome-outstanding-drill-intersection-confirmed-2018-08-06-070000
banjomick
- 20 Aug 2018 08:54
- 451 of 474
20 August 2018
Metal Tiger plc
Kalahari Metals Limited - Earn-In and Exploration Update
Metal Tiger (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding Kalahari Metals Limited (“KML”) exploration progress. KML has entered into an exclusivity period with Resource Exploration and Development Limited (“RED”) to undertake due diligence with a view to acquiring an additional 5 licenses in Botswana. The licenses include 4,661 km2 of recently granted permits strategically located in the Kalahari Copper Belt. The prospective land package provides an excellent opportunity for KML to expand its current land position in the emerging Kalahari Copperbelt. This will strengthen KML’s position on the Copperbelt adding to its existing interests in seven highly prospective exploration licences covering a total of 4,063km2. Under the investment agreement announced on 6 June 2018, Metal Tiger has the right to acquire up to 50% of KML giving Metal Tiger further exposure to a significant area of largely unexplored ground, adjacent to significant recent discoveries in the highly prospective Kalahari Copper Belt.
Exploration update
KML holds interests in seven exploration licences; two 100% owned exploration licences; and five exploration licences subject to a binding earn-in agreement with Triprop Holdings (Pty) Limited (“Triprop”). At two of KML’s target copper projects, the Okavango Copper Project and Ngami Copper Project (“Okavango” and “Ngami”), magnetic and first phase electromagnetic airborne surveys have been completed.
Highlights Include:
Airborne high resolution magnetic and electromagnetic (“AEM”) surveys (announced 10 July 2018), have now been completed over the prospective Okavango Project (Eastern Block) and Ngami Copper Project (Western Block) concessions.
Total of 16,700 km2 of high-resolution magnetic data were collected over priority areas identified at Okavango.
KML anticipates final processed survey results by the end of August 2018.
Processed survey data will help target the mineralised redox contact at the base of the D’Kar Group as well as identifying favourable regional structures and anticlines which have the potential to host mineralisation in analogous settings to the Mod Resources T3 Deposit.
High-resolution magnetic data provides an essential base map for exploration under sand cover and has been used successfully by recent explorers elsewhere in the Kalahari Copperbelt.
The first phase of AEM surveys have been designed to provide regional structural information and the follow-up programme will include higher resolution AEM surveys targeting areas of interest identified in the current phase of work.
Results from the AEM will be used to provide priority areas for follow-on drill testing.
Michael McNeilly, Chief Executive Office of Metal Tiger plc, commented:
“Metal Tiger has significant interest in the Kalahari Copperbelt through its interests with MOD and KML and these early indications from KML are encouraging. Work continues a pace and we look forward to receiving the processed first phase survey results and following on with the interpretation and prioritising of drill targets.”
https://www.metaltigerplc.com/index.php/news/1254-metal-tiger-plc-kalahari-metals-limited-earn-in-and-exploration-update-2018-08-20-073400
Metal Tiger plc
Kalahari Metals Limited - Earn-In and Exploration Update
Metal Tiger (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding Kalahari Metals Limited (“KML”) exploration progress. KML has entered into an exclusivity period with Resource Exploration and Development Limited (“RED”) to undertake due diligence with a view to acquiring an additional 5 licenses in Botswana. The licenses include 4,661 km2 of recently granted permits strategically located in the Kalahari Copper Belt. The prospective land package provides an excellent opportunity for KML to expand its current land position in the emerging Kalahari Copperbelt. This will strengthen KML’s position on the Copperbelt adding to its existing interests in seven highly prospective exploration licences covering a total of 4,063km2. Under the investment agreement announced on 6 June 2018, Metal Tiger has the right to acquire up to 50% of KML giving Metal Tiger further exposure to a significant area of largely unexplored ground, adjacent to significant recent discoveries in the highly prospective Kalahari Copper Belt.
Exploration update
KML holds interests in seven exploration licences; two 100% owned exploration licences; and five exploration licences subject to a binding earn-in agreement with Triprop Holdings (Pty) Limited (“Triprop”). At two of KML’s target copper projects, the Okavango Copper Project and Ngami Copper Project (“Okavango” and “Ngami”), magnetic and first phase electromagnetic airborne surveys have been completed.
Highlights Include:
Airborne high resolution magnetic and electromagnetic (“AEM”) surveys (announced 10 July 2018), have now been completed over the prospective Okavango Project (Eastern Block) and Ngami Copper Project (Western Block) concessions.
Total of 16,700 km2 of high-resolution magnetic data were collected over priority areas identified at Okavango.
KML anticipates final processed survey results by the end of August 2018.
Processed survey data will help target the mineralised redox contact at the base of the D’Kar Group as well as identifying favourable regional structures and anticlines which have the potential to host mineralisation in analogous settings to the Mod Resources T3 Deposit.
High-resolution magnetic data provides an essential base map for exploration under sand cover and has been used successfully by recent explorers elsewhere in the Kalahari Copperbelt.
The first phase of AEM surveys have been designed to provide regional structural information and the follow-up programme will include higher resolution AEM surveys targeting areas of interest identified in the current phase of work.
Results from the AEM will be used to provide priority areas for follow-on drill testing.
Michael McNeilly, Chief Executive Office of Metal Tiger plc, commented:
“Metal Tiger has significant interest in the Kalahari Copperbelt through its interests with MOD and KML and these early indications from KML are encouraging. Work continues a pace and we look forward to receiving the processed first phase survey results and following on with the interpretation and prioritising of drill targets.”
https://www.metaltigerplc.com/index.php/news/1254-metal-tiger-plc-kalahari-metals-limited-earn-in-and-exploration-update-2018-08-20-073400
banjomick
- 31 Aug 2018 09:08
- 452 of 474
Friday, 31 August, 2018
Metal Tiger Plc
Metal Tiger Fundraising closes on £6.2 million, including £2.6 million from the Sprott Offering
Metal Tiger (LON:MTR), the natural resources investing company, is pleased to announce that, further to the announcement on 6 August 2018, the Sprott Offering has closed oversubscribed, raising gross proceeds for the Company of approximately £2.6 million.
In aggregate, the Company has raised total gross proceeds of £6.132 million from the Sprott Offering and the Placing announced on 6 August 2018 (together, the “Fundraising”). This represents the largest fundraise by the Company to date.
The proceeds of the Fundraising will be used to fund Metal Tiger’s portion of its commitment to 2018 budget for its Joint Venture project with partners MOD Resources Limited (ASX:MOD) (“MOD”) in the Kalahari Copper Belt in Botswana (30% Metal Tiger / 70% MOD Resources), for its commitment to its recently acquired Joint Venture with Kalahari Metals Limited (“KML”) in the same region, as well as for working capital and general corporate purposes.
Highlights of the Sprott Offering:
*Issue of 93,425,714 new ordinary shares in Metal Tiger at a subscription price of 2.8p per ordinary share (the “Placing Shares”) raising gross proceeds of £2,615,920;
*Issue of 93,425,714 warrants to subscribe for 93,425,714 new ordinary shares in Metal Tiger at an exercise price of 5p per warrant, within a 3 year exercise period (“Warrants”);
*Placing undertaken with new and existing Metal Tiger shareholders;
*Funding to augment existing underlying working capital underpinning the Company’s joint ventures in its Metal Projects division, with a specific focus on the Company’s Botswanan exploration projects; and
*Sprott Capital Partners, a division of Sprott Private Wealth LP and Sprott Global Resource Investments, Ltd. were engaged as finders to Metal Tiger in the Sprott Offering.
In addition, the Company has accepted a further subscription for new shares from a London based investor of £15,000 on the same terms as the Placing (“Further Subscription”).
The 93,425,714 new ordinary shares to be issued pursuant to the Sprott Placing and the Further Subscription are expected to be admitted to trading on AIM on or around 6 September 2018. Exploration Capital Partners has participated for 37,395,942 new ordinary shares bringing its total holding post issue to 137,395,942 ordinary shares representing circa 10.18% of the issued share capital of the Company.
Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 1,349,956,065. 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 1,349,956,065 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.
Unless otherwise defined, all capitalised terms in this announcement have the meaning given to them in the announcement made by the Company on 6 August 2018.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
“The Board and I are extremely pleased to have raised an additional £2.6m from the Sprott Offering raising more than double the minimum commitment from Sprott. This brings the total amount raised on the same terms to circa £6.13m. This fundraise is the single largest investment in Metal Tiger to date and was done at a price which was significantly higher than MTR’s average price over the course of 2018.
The continued institutional support along with the support from London means that Metal Tiger is now exceptionally well positioned to advance its many investments, in particular, its Joint Venture with MOD Resources and its investment Kalahari Metals. We believe that there is significant upside in exploration in the Kalahari Copperbelt and we believe MTR is uniquely positioned to benefit from any future exploration success”
https://www.metaltigerplc.com/index.php/news/1256-metal-tiger-fundraising-closes-on-62-million-2018-08-31-070000
Metal Tiger Plc
Metal Tiger Fundraising closes on £6.2 million, including £2.6 million from the Sprott Offering
Metal Tiger (LON:MTR), the natural resources investing company, is pleased to announce that, further to the announcement on 6 August 2018, the Sprott Offering has closed oversubscribed, raising gross proceeds for the Company of approximately £2.6 million.
In aggregate, the Company has raised total gross proceeds of £6.132 million from the Sprott Offering and the Placing announced on 6 August 2018 (together, the “Fundraising”). This represents the largest fundraise by the Company to date.
The proceeds of the Fundraising will be used to fund Metal Tiger’s portion of its commitment to 2018 budget for its Joint Venture project with partners MOD Resources Limited (ASX:MOD) (“MOD”) in the Kalahari Copper Belt in Botswana (30% Metal Tiger / 70% MOD Resources), for its commitment to its recently acquired Joint Venture with Kalahari Metals Limited (“KML”) in the same region, as well as for working capital and general corporate purposes.
Highlights of the Sprott Offering:
*Issue of 93,425,714 new ordinary shares in Metal Tiger at a subscription price of 2.8p per ordinary share (the “Placing Shares”) raising gross proceeds of £2,615,920;
*Issue of 93,425,714 warrants to subscribe for 93,425,714 new ordinary shares in Metal Tiger at an exercise price of 5p per warrant, within a 3 year exercise period (“Warrants”);
*Placing undertaken with new and existing Metal Tiger shareholders;
*Funding to augment existing underlying working capital underpinning the Company’s joint ventures in its Metal Projects division, with a specific focus on the Company’s Botswanan exploration projects; and
*Sprott Capital Partners, a division of Sprott Private Wealth LP and Sprott Global Resource Investments, Ltd. were engaged as finders to Metal Tiger in the Sprott Offering.
In addition, the Company has accepted a further subscription for new shares from a London based investor of £15,000 on the same terms as the Placing (“Further Subscription”).
The 93,425,714 new ordinary shares to be issued pursuant to the Sprott Placing and the Further Subscription are expected to be admitted to trading on AIM on or around 6 September 2018. Exploration Capital Partners has participated for 37,395,942 new ordinary shares bringing its total holding post issue to 137,395,942 ordinary shares representing circa 10.18% of the issued share capital of the Company.
Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 1,349,956,065. 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 1,349,956,065 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.
Unless otherwise defined, all capitalised terms in this announcement have the meaning given to them in the announcement made by the Company on 6 August 2018.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
“The Board and I are extremely pleased to have raised an additional £2.6m from the Sprott Offering raising more than double the minimum commitment from Sprott. This brings the total amount raised on the same terms to circa £6.13m. This fundraise is the single largest investment in Metal Tiger to date and was done at a price which was significantly higher than MTR’s average price over the course of 2018.
The continued institutional support along with the support from London means that Metal Tiger is now exceptionally well positioned to advance its many investments, in particular, its Joint Venture with MOD Resources and its investment Kalahari Metals. We believe that there is significant upside in exploration in the Kalahari Copperbelt and we believe MTR is uniquely positioned to benefit from any future exploration success”
https://www.metaltigerplc.com/index.php/news/1256-metal-tiger-fundraising-closes-on-62-million-2018-08-31-070000
banjomick
- 04 Sep 2018 08:59
- 453 of 474
4 September 2018
Metal Tiger Plc
Botswana Copper/Silver Project A4 Dome Intersection 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:
Latest batch of assay results confirm further copper intersections at A4 Dome, located 8km from T3 Project:
Hole MO-A4-003D, down hole intersections:
31.2m @ 1.1% Cu & 11g/t Ag from 560m, including
5.0m @ 2.2% Cu & 22g/t Ag, from 586m (NPF contact)
Previously reported upper intersection: 52m @ 1.5% Cu & 14g/t Ag from 232m, including 15.5m @ 2.9% Cu & 42g/t Ag, from 269m (6 August 2018).
Hole MO-A4-004D, down hole intersections:
19.3m @ 1.0% Cu & 10g/t Ag from 485m, including
4.3m @ 2.3% Cu & 21g/t Ag, from 500m (NPF contact)
Assays results awaited for two further holes with potentially significant visible chalcocite and bornite vein hosted mineralisation logged:
MO-A4-005D (230m south of MO-A4-003D) visible mineralisation from 443m downhole.
MO-A4-008D (400m west of MO-A4-003D) wide zone of visible and locally strong mineralisation from 230m downhole.
Two stratigraphic zones of mineralisation upper south dipping high grade veins above the lower NPF contact.
Nine holes to date at A4 Dome have intersected copper mineralisation, only 1km of 5km long interpreted structural target zone tested to date.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are very pleased to announce further wide copper intersections on the A4 Dome, where drilling is building out copper mineralisation in a way reminiscent of the T3 Deposit. We are looking forward to determining whether the visibly strong vein hosted mineralisation seen in one of the latest holes, MO-A4-008D, correlates with the high-grade assay intersections in hole MO-A4-003D, which are separated by a strike distance of 400m.
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
A4 Dome Drilling Update
The circa 5km long A4 Dome is located 8km from the 60Mt T3 Pit Project and planned processing plant.
The A4 Dome and the A1 Dome, together with the T3 Deposit, form part of the ~700km2 T3 Dome Complex.
Assay results and infill drilling are required to help determine whether the strong vein hosted mineralisation seen in MO-A4-008D correlates with that intersected in MO-A4-003D.
The NPF contact hosts most of the resources in the eastern Kalahari Copper Belt, including the 100Mt @ 2% Cu Zone 5 underground resource planned to be developed by Cupric Canyon Capital, along strike from the T3 Dome Complex.
The NPF contact may underlie a wide area of the T3 Dome Complex, including the T3 Deposit where many holes intersected the NPF mineralisation similar to A4 Dome.
Five drilling rigs now on site with more to commence drilling in next few days.
http://www.moneyam.com/action/news/showArticle?id=6113839
Metal Tiger Plc
Botswana Copper/Silver Project A4 Dome Intersection 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:
Latest batch of assay results confirm further copper intersections at A4 Dome, located 8km from T3 Project:
Hole MO-A4-003D, down hole intersections:
31.2m @ 1.1% Cu & 11g/t Ag from 560m, including
5.0m @ 2.2% Cu & 22g/t Ag, from 586m (NPF contact)
Previously reported upper intersection: 52m @ 1.5% Cu & 14g/t Ag from 232m, including 15.5m @ 2.9% Cu & 42g/t Ag, from 269m (6 August 2018).
Hole MO-A4-004D, down hole intersections:
19.3m @ 1.0% Cu & 10g/t Ag from 485m, including
4.3m @ 2.3% Cu & 21g/t Ag, from 500m (NPF contact)
Assays results awaited for two further holes with potentially significant visible chalcocite and bornite vein hosted mineralisation logged:
MO-A4-005D (230m south of MO-A4-003D) visible mineralisation from 443m downhole.
MO-A4-008D (400m west of MO-A4-003D) wide zone of visible and locally strong mineralisation from 230m downhole.
Two stratigraphic zones of mineralisation upper south dipping high grade veins above the lower NPF contact.
Nine holes to date at A4 Dome have intersected copper mineralisation, only 1km of 5km long interpreted structural target zone tested to date.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are very pleased to announce further wide copper intersections on the A4 Dome, where drilling is building out copper mineralisation in a way reminiscent of the T3 Deposit. We are looking forward to determining whether the visibly strong vein hosted mineralisation seen in one of the latest holes, MO-A4-008D, correlates with the high-grade assay intersections in hole MO-A4-003D, which are separated by a strike distance of 400m.
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
A4 Dome Drilling Update
The circa 5km long A4 Dome is located 8km from the 60Mt T3 Pit Project and planned processing plant.
The A4 Dome and the A1 Dome, together with the T3 Deposit, form part of the ~700km2 T3 Dome Complex.
Assay results and infill drilling are required to help determine whether the strong vein hosted mineralisation seen in MO-A4-008D correlates with that intersected in MO-A4-003D.
The NPF contact hosts most of the resources in the eastern Kalahari Copper Belt, including the 100Mt @ 2% Cu Zone 5 underground resource planned to be developed by Cupric Canyon Capital, along strike from the T3 Dome Complex.
The NPF contact may underlie a wide area of the T3 Dome Complex, including the T3 Deposit where many holes intersected the NPF mineralisation similar to A4 Dome.
Five drilling rigs now on site with more to commence drilling in next few days.
http://www.moneyam.com/action/news/showArticle?id=6113839
banjomick
- 10 Sep 2018 09:09
- 454 of 474
10 September 2018
Metal Tiger Plc
On market purchase MOD Resources Limited
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, 94,178 shares in MOD Resources Limited (MOD) (ASX:MOD) at an average price of A$0.425 per share.
Metal Tiger's holding in MOD is 13,974,220 representing 6.1% of the issued share capital in MOD.
MOD reported net assets of A$45,770,278 and a net loss of A$2,296,952 for the six months ended 30.06.18
http://www.moneyam.com/action/news/showArticle?id=6121268
Metal Tiger Plc
On market purchase MOD Resources Limited
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, 94,178 shares in MOD Resources Limited (MOD) (ASX:MOD) at an average price of A$0.425 per share.
Metal Tiger's holding in MOD is 13,974,220 representing 6.1% of the issued share capital in MOD.
MOD reported net assets of A$45,770,278 and a net loss of A$2,296,952 for the six months ended 30.06.18
http://www.moneyam.com/action/news/showArticle?id=6121268
banjomick
- 11 Sep 2018 08:23
- 455 of 474
11 September 2018
Metal Tiger Plc
Botswana Copper/Silver Project Environmental Approval for A20 Dome Complex Drilling
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 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 has approved Environmental Management Plan (EMP) for drilling part of T20 Dome Complex.
*EMP covers drilling within a circa 700km2 area in the northern part of the T20 Dome Complex, approximately 80km west of the T3 Dome Complex.
*Diamond core drilling planned to commence in Q4 2018 subject to a four-week public review period starting 21 September 2018.
*First planned drill targets are:
-T4 Dome, T4 Prospect where previous reverse circulation drilling intersected 2m @ 6% Cu & 111g/t Ag from 101m depth (announced 1 April 2016) and soil sampling and airborne electromagnetic (EM) geophysics data has defined a conductive structure coincident with a 5-6km long copper anomaly (announced 16 April 2018); and
-T23 Dome, 15km west of T4 Prospect, the interpreted continuation of the EM conductive structure extending from T4 through the interpreted T23 Dome.
*Current 940km2 airborne EM survey over the T20 Dome (announced 4 September 2018) linking three previously flown EM blocks, is also extending over the T17 and T7 target areas, north and south of T20 respectively.
*6 drilling rigs are now operating at the A4 Dome with assay results awaited from several significant intersections.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are very pleased to announce the receipt of the Environmental Management Plan (EMP) approval for the planned drill programme within the A20 Dome Complex. Subject to a statutory four-week public review period, this approval will allow for diamond drilling to commence over the T4 Prospect, a strong copper anomaly, where previous RC drilling in early 2016 intersected shallow high-grade copper and silver mineralisation, only superseded by the discovery of T3.
We are excited at the prospect that T4 and the wider T20 Dome Complex will yield further high-grade intersections and are eager to apply the teams technical knowledge to the discovery of further copper deposits in this part of the emerging copper belt.
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
The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who acts as the Competent Person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly has visited the T3 site and reviewed MODs drilling and sampling protocols and procedures. Mr O'Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.
In addition to its 30% interest in the JV, Metal Tiger holds 13,974,220 MOD shares, equivalent to 6.1 % of MODs issued share capital and 154,167 MOD options each exercisable price of 6 cents (Australian) on or before 15 April 2019.
http://www.moneyam.com/action/news/showArticle?id=6122868
Metal Tiger Plc
Botswana Copper/Silver Project Environmental Approval for A20 Dome Complex Drilling
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 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 has approved Environmental Management Plan (EMP) for drilling part of T20 Dome Complex.
*EMP covers drilling within a circa 700km2 area in the northern part of the T20 Dome Complex, approximately 80km west of the T3 Dome Complex.
*Diamond core drilling planned to commence in Q4 2018 subject to a four-week public review period starting 21 September 2018.
*First planned drill targets are:
-T4 Dome, T4 Prospect where previous reverse circulation drilling intersected 2m @ 6% Cu & 111g/t Ag from 101m depth (announced 1 April 2016) and soil sampling and airborne electromagnetic (EM) geophysics data has defined a conductive structure coincident with a 5-6km long copper anomaly (announced 16 April 2018); and
-T23 Dome, 15km west of T4 Prospect, the interpreted continuation of the EM conductive structure extending from T4 through the interpreted T23 Dome.
*Current 940km2 airborne EM survey over the T20 Dome (announced 4 September 2018) linking three previously flown EM blocks, is also extending over the T17 and T7 target areas, north and south of T20 respectively.
*6 drilling rigs are now operating at the A4 Dome with assay results awaited from several significant intersections.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are very pleased to announce the receipt of the Environmental Management Plan (EMP) approval for the planned drill programme within the A20 Dome Complex. Subject to a statutory four-week public review period, this approval will allow for diamond drilling to commence over the T4 Prospect, a strong copper anomaly, where previous RC drilling in early 2016 intersected shallow high-grade copper and silver mineralisation, only superseded by the discovery of T3.
We are excited at the prospect that T4 and the wider T20 Dome Complex will yield further high-grade intersections and are eager to apply the teams technical knowledge to the discovery of further copper deposits in this part of the emerging copper belt.
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
The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who acts as the Competent Person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly has visited the T3 site and reviewed MODs drilling and sampling protocols and procedures. Mr O'Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.
In addition to its 30% interest in the JV, Metal Tiger holds 13,974,220 MOD shares, equivalent to 6.1 % of MODs issued share capital and 154,167 MOD options each exercisable price of 6 cents (Australian) on or before 15 April 2019.
http://www.moneyam.com/action/news/showArticle?id=6122868
banjomick
- 27 Sep 2018 08:51
- 456 of 474
Metal Tiger Plc
2018 Interim Report
Unaudited interim results for the six months ended 30 June 2018
http://www.moneyam.com/action/news/showArticle?id=6143930
2018 Interim Report
Unaudited interim results for the six months ended 30 June 2018
http://www.moneyam.com/action/news/showArticle?id=6143930
banjomick
- 01 Oct 2018 10:50
- 457 of 474
1 October 2018
Metal Tiger plc
("Metal Tiger" or the "Company")
Directorate Change
Metal Tiger, the London Stock Exchange AIM listed investor in strategic natural resources opportunities, today announces the resignation of Keith Springall as Finance Director and Company Secretary as Keith looks to pursue other business interests.
Keith Springall will be replaced by Malcolm Bacchus FCA, as a non-Board part-time finance director and interim Company Secretary.
Malcolm Bacchus qualified as an ICAEW Chartered Accountant in 1981 and set up his own consultancy business in 1994 providing accountancy and management solutions and interim management services. During this period, he has also held various roles as finance director, including full board appointments, to a number of private, BES and AIM listed companies. Since 2011 he has provided consultancy services to a range of SMEs and AIM companies including, more recently, Metal Tiger. He is an elected Council member of ICAEW.
Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:
On behalf of the Board, I would like to thank Keith Springall for his contribution to the growth of Metal Tiger and would like to wish him all the best in his future endeavours. Malcolm has previously been involved in the finance function of Metal Tiger as a consultant and we look forward to working with him in his new capacity
https://www.moneyam.com/action/news/showArticle?id=6148108
Metal Tiger plc
("Metal Tiger" or the "Company")
Directorate Change
Metal Tiger, the London Stock Exchange AIM listed investor in strategic natural resources opportunities, today announces the resignation of Keith Springall as Finance Director and Company Secretary as Keith looks to pursue other business interests.
Keith Springall will be replaced by Malcolm Bacchus FCA, as a non-Board part-time finance director and interim Company Secretary.
Malcolm Bacchus qualified as an ICAEW Chartered Accountant in 1981 and set up his own consultancy business in 1994 providing accountancy and management solutions and interim management services. During this period, he has also held various roles as finance director, including full board appointments, to a number of private, BES and AIM listed companies. Since 2011 he has provided consultancy services to a range of SMEs and AIM companies including, more recently, Metal Tiger. He is an elected Council member of ICAEW.
Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:
On behalf of the Board, I would like to thank Keith Springall for his contribution to the growth of Metal Tiger and would like to wish him all the best in his future endeavours. Malcolm has previously been involved in the finance function of Metal Tiger as a consultant and we look forward to working with him in his new capacity
https://www.moneyam.com/action/news/showArticle?id=6148108
banjomick
- 16 Oct 2018 09:31
- 458 of 474
16 October 2018
Metal Tiger Plc
Botswana Copper/Silver Project - T3 Feasibility Study 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 Company's 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:
· T3 Mine Feasibility Study progressing well within budget, due for completion March 2019.
· Metallurgical test work results identify capital and operational cost savings versus Pre-Feasibility Study.
· Botswana Power Corporation has commenced regional electricity grid infrastructure building including a power line which is due to pass within 12km of planned T3 Mine site.
· First stage of T3 accommodation village complete with further expansion planned.
· Scope and Terms of Reference for T3 Environmental Social Impact Assessment approved by Botswana Department of Environment Affairs, report due Q4 2018.
· Completion of the Feasibility Study and approval of the Environmental Social Impact Assessment are required ahead of applying for the T3 mining license, which is anticipated in H1 2019.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
"We are delighted to report that the T3 Mine Feasibility Study remains on track to complete in March 2019, with the engineering and design works both on schedule and within budget.
T3 continues to surprise to the upside and, at each juncture, capitalises our belief that this is a highly economic and significant copper project. The findings of the Feasibility level metallurgical test work are particularly encouraging with the coarser grind metal recoveries supporting a reduction in anticipated capital, operational and power costs versus the Pre-Feasibility Study stage model."
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***
https://www.moneyam.com/action/news/showArticle?id=6168363
Metal Tiger Plc
Botswana Copper/Silver Project - T3 Feasibility Study 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 Company's 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:
· T3 Mine Feasibility Study progressing well within budget, due for completion March 2019.
· Metallurgical test work results identify capital and operational cost savings versus Pre-Feasibility Study.
· Botswana Power Corporation has commenced regional electricity grid infrastructure building including a power line which is due to pass within 12km of planned T3 Mine site.
· First stage of T3 accommodation village complete with further expansion planned.
· Scope and Terms of Reference for T3 Environmental Social Impact Assessment approved by Botswana Department of Environment Affairs, report due Q4 2018.
· Completion of the Feasibility Study and approval of the Environmental Social Impact Assessment are required ahead of applying for the T3 mining license, which is anticipated in H1 2019.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
"We are delighted to report that the T3 Mine Feasibility Study remains on track to complete in March 2019, with the engineering and design works both on schedule and within budget.
T3 continues to surprise to the upside and, at each juncture, capitalises our belief that this is a highly economic and significant copper project. The findings of the Feasibility level metallurgical test work are particularly encouraging with the coarser grind metal recoveries supporting a reduction in anticipated capital, operational and power costs versus the Pre-Feasibility Study stage model."
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***
https://www.moneyam.com/action/news/showArticle?id=6168363
banjomick
- 26 Oct 2018 09:56
- 459 of 474
26 October 2018
Metal Tiger Plc
Botswana Copper/Silver Project Licences Extended
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 licensing authority has granted two-year extensions to key joint venture (JV) prospecting licences (PLs) which were due for renewal by 31 December 2018, this includes PL 190/2008 which holds the T3 Copper Project, the T3 Expansion Project and the A4 Dome.
Ministerial approval received for transfer 8 JV licences (excluding PL 190/2008) from Tshukudu Metals Botswana (Pty) Ltd into new Botswana registered JV exploration company, Tshukudu Exploration (Pty) Ltd, held MOD (70%) and MTR (30%). The transfer approval for a further 10 licences is pending.
Transfer helps mitigate risk by separating exploration (Tshukudu Exploration) from future development (Tshukudu Metals) activities.
No land was required to be dropped during the licence renewal, total landholding in prospective licences retained.
Extension of PL 190/2008 licence and transfer of other PLs into new JV vehicle are key conditions precedent for MOD to acquire 100% of T3 Copper Project (announced 18 July 2018).
Drilling preparations underway at the T23 Dome, T4 target (2m @ 6% Cu & 11g/t Ag announced 1 April 2016) and T22 geophysics and soil anomaly (6km east of T4), within the northern section of the T20 Exploration Project (previously named T20 Dome Complex). Drilling permissions follow-on from Environmental Management Plan public review period and licence extensions.
Airborne Electromagnetic geophysics survey covering 940 km2 of the T20 Exploration Project and parts of the T1 and T17 target areas has now been completed with the results currently being compiled.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are delighted to report the successful renewal of all JV licences which were due to expire on the 31 December 2018. This timely renewal secures tenure and retains 100% of the prospective ground under licence.
The renewal of the T3 Project licence and the transfer of remaining prospective licences into a new joint venture exploration focussed vehicle is also an important step in the agreement for MOD to acquire the T3 Project outright and for MTR to realise substantial value for the deposit whilst still enjoying the potential upside from further exploration discoveries. The transfer of the T3 Project into a 100% held vehicle should streamline the projects financing options.
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
https://www.moneyam.com/action/news/showArticle?id=6182384
Metal Tiger Plc
Botswana Copper/Silver Project Licences Extended
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 licensing authority has granted two-year extensions to key joint venture (JV) prospecting licences (PLs) which were due for renewal by 31 December 2018, this includes PL 190/2008 which holds the T3 Copper Project, the T3 Expansion Project and the A4 Dome.
Ministerial approval received for transfer 8 JV licences (excluding PL 190/2008) from Tshukudu Metals Botswana (Pty) Ltd into new Botswana registered JV exploration company, Tshukudu Exploration (Pty) Ltd, held MOD (70%) and MTR (30%). The transfer approval for a further 10 licences is pending.
Transfer helps mitigate risk by separating exploration (Tshukudu Exploration) from future development (Tshukudu Metals) activities.
No land was required to be dropped during the licence renewal, total landholding in prospective licences retained.
Extension of PL 190/2008 licence and transfer of other PLs into new JV vehicle are key conditions precedent for MOD to acquire 100% of T3 Copper Project (announced 18 July 2018).
Drilling preparations underway at the T23 Dome, T4 target (2m @ 6% Cu & 11g/t Ag announced 1 April 2016) and T22 geophysics and soil anomaly (6km east of T4), within the northern section of the T20 Exploration Project (previously named T20 Dome Complex). Drilling permissions follow-on from Environmental Management Plan public review period and licence extensions.
Airborne Electromagnetic geophysics survey covering 940 km2 of the T20 Exploration Project and parts of the T1 and T17 target areas has now been completed with the results currently being compiled.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are delighted to report the successful renewal of all JV licences which were due to expire on the 31 December 2018. This timely renewal secures tenure and retains 100% of the prospective ground under licence.
The renewal of the T3 Project licence and the transfer of remaining prospective licences into a new joint venture exploration focussed vehicle is also an important step in the agreement for MOD to acquire the T3 Project outright and for MTR to realise substantial value for the deposit whilst still enjoying the potential upside from further exploration discoveries. The transfer of the T3 Project into a 100% held vehicle should streamline the projects financing options.
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
https://www.moneyam.com/action/news/showArticle?id=6182384
banjomick
- 31 Oct 2018 09:50
- 460 of 474
31 October 2018
Metal Tiger plc
Kalahari Metals Limited Phase 1 Exploration & Investment Update
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding Kalahari Metals Limited (KML) copper-silver exploration progress.
Highlights
KML 2018 Phase 1 Exploration Programme completed to plan and on schedule.
Drilling at the Ngami Copper Project to be allowed to proceed under an Environmental Management Plan (EMP) as agreed with the Botswana Department of Environmental Affairs. KML is progressing the EMP currently.
Results from the Phase-1 Aerial Electromagnetic (AEM) geophysics survey and Layered Earth (LE) inversion modelling, for both the Ngami Copper Project (NCP) and Okavango Copper Project (OCP) licence areas, has generated numerous dome style exploration targets analogous to the MOD Resources T3 Deposit.
Geophysics modelling has also identified over 340km of potentially mineralised geological contact which will be prioritised for higher-resolution follow-up work prior to drill testing.
As per the KML Investment Agreement (announced 6 June 2018) MTR have elected to exercise the Option to take MTRs total shareholding in KML from 18% to 34% for a consideration of US$500,000.
Triprop Holdings (Pty) Limited (Triprop) have confirmed to KML that over half of the required US$600k Stage 1 Earn-In Expenditure has now been met. KML need to expend a further circa US$292k, through funding a planned Phase 2 Work Programme, in order to issue Exercise Notice for the subscription of 51% of the enlarged share capital of Triprop.
Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:
We are pleased to provide an update for the exciting KML Project in Botswana. The planned Phase 1 work programme has been completed as planned and ahead of schedule with the completion and interpretation of the airborne geophysics survey work.
The state-of-the-art Layered Earth Inversion modelling technique employed on the Phase-1 Airborne Electromagnetic survey data has greatly added to our understanding of the buried geology of the licence areas. This innovative 3D modelling method has enabled the visualisation of potentially mineralised hidden structures and geological contacts, accelerating the exploration process and fast tracking the identification of areas for further follow-up as potential drill targets.
The completion of the Phase 1 work programme coincides with KML meeting the first half of the Stage-1 Earn-in agreement with Triprop and MTR electing to exercise our option to increase our holding in KML to 34%. Details of the follow-on Phase 2 work programme are currently being reviewed, details of which we expect to communicate shortly.
We recommend that readers also refer to the below linked version of this news release which includes informative images showing the geophysical interpretations:
https://www.metaltigerplc.com/kalahari-metals-limited-airborne-geophysics-interpretation-drill-permission-update
***More via link below***
https://www.moneyam.com/action/news/showArticle?id=6187644
Metal Tiger plc
Kalahari Metals Limited Phase 1 Exploration & Investment Update
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding Kalahari Metals Limited (KML) copper-silver exploration progress.
Highlights
KML 2018 Phase 1 Exploration Programme completed to plan and on schedule.
Drilling at the Ngami Copper Project to be allowed to proceed under an Environmental Management Plan (EMP) as agreed with the Botswana Department of Environmental Affairs. KML is progressing the EMP currently.
Results from the Phase-1 Aerial Electromagnetic (AEM) geophysics survey and Layered Earth (LE) inversion modelling, for both the Ngami Copper Project (NCP) and Okavango Copper Project (OCP) licence areas, has generated numerous dome style exploration targets analogous to the MOD Resources T3 Deposit.
Geophysics modelling has also identified over 340km of potentially mineralised geological contact which will be prioritised for higher-resolution follow-up work prior to drill testing.
As per the KML Investment Agreement (announced 6 June 2018) MTR have elected to exercise the Option to take MTRs total shareholding in KML from 18% to 34% for a consideration of US$500,000.
Triprop Holdings (Pty) Limited (Triprop) have confirmed to KML that over half of the required US$600k Stage 1 Earn-In Expenditure has now been met. KML need to expend a further circa US$292k, through funding a planned Phase 2 Work Programme, in order to issue Exercise Notice for the subscription of 51% of the enlarged share capital of Triprop.
Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:
We are pleased to provide an update for the exciting KML Project in Botswana. The planned Phase 1 work programme has been completed as planned and ahead of schedule with the completion and interpretation of the airborne geophysics survey work.
The state-of-the-art Layered Earth Inversion modelling technique employed on the Phase-1 Airborne Electromagnetic survey data has greatly added to our understanding of the buried geology of the licence areas. This innovative 3D modelling method has enabled the visualisation of potentially mineralised hidden structures and geological contacts, accelerating the exploration process and fast tracking the identification of areas for further follow-up as potential drill targets.
The completion of the Phase 1 work programme coincides with KML meeting the first half of the Stage-1 Earn-in agreement with Triprop and MTR electing to exercise our option to increase our holding in KML to 34%. Details of the follow-on Phase 2 work programme are currently being reviewed, details of which we expect to communicate shortly.
We recommend that readers also refer to the below linked version of this news release which includes informative images showing the geophysical interpretations:
https://www.metaltigerplc.com/kalahari-metals-limited-airborne-geophysics-interpretation-drill-permission-update
***More via link below***
https://www.moneyam.com/action/news/showArticle?id=6187644
banjomick
- 01 Nov 2018 09:13
- 461 of 474
01 November 2018
Metal Tiger plc
Update - Sale of T3 Project and creation of New Exploration Joint Venture with MOD Resources
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announces that further to the announcement on 18 July, Metal Tiger expects that completion of the sale of the T3 project and the creation of the new exploration Joint Venture with MOD Resources will occur by mid November. The only outstanding condition precedent for completion is the demerger itself.
As announced on 26 October, Ministerial approval has been received for the of transfer 8 JV licences (excluding PL 190/2008) from Tshukudu Metals Botswana (Pty) Ltd into a new Botswana registered JV exploration company, Tshukudu Exploration (Pty) Ltd, held MOD (70%) and MTR (30%). The transfer approval for the remaining 10 licences to Tshukudu Exploration (Pty) Ltd is pending.
https://www.moneyam.com/action/news/showArticle?id=6189684
Metal Tiger plc
Update - Sale of T3 Project and creation of New Exploration Joint Venture with MOD Resources
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announces that further to the announcement on 18 July, Metal Tiger expects that completion of the sale of the T3 project and the creation of the new exploration Joint Venture with MOD Resources will occur by mid November. The only outstanding condition precedent for completion is the demerger itself.
As announced on 26 October, Ministerial approval has been received for the of transfer 8 JV licences (excluding PL 190/2008) from Tshukudu Metals Botswana (Pty) Ltd into a new Botswana registered JV exploration company, Tshukudu Exploration (Pty) Ltd, held MOD (70%) and MTR (30%). The transfer approval for the remaining 10 licences to Tshukudu Exploration (Pty) Ltd is pending.
https://www.moneyam.com/action/news/showArticle?id=6189684
banjomick
- 01 Nov 2018 09:39
- 462 of 474
1 November 2018
Metal Tiger plc
Change of Adviser
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announces the appointment of Strand Hanson Limited as Nominated Adviser to the Company with immediate effect.
SI Capital is the Company's sole broker with immediate effect.
Notes to Editors:
Metal Tiger plc is listed on the London Stock Exchange AIM Market (AIM) with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.
The Companys target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Companys key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.
Metal Tigers Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana, Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain, the Company has tungsten and gold interests in the highly-mineralised Extremadura region. In Thailand, Metal Tiger has interests in two potentially near-production stage silver/lead/zinc mines as well as licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.
The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an AIM or NEX Exchange (formerly ISDX) partner with whom the Company is engaged.
https://www.moneyam.com/action/news/showArticle?id=6190246
Metal Tiger plc
Change of Adviser
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announces the appointment of Strand Hanson Limited as Nominated Adviser to the Company with immediate effect.
SI Capital is the Company's sole broker with immediate effect.
Notes to Editors:
Metal Tiger plc is listed on the London Stock Exchange AIM Market (AIM) with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.
The Companys target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Companys key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.
Metal Tigers Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana, Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain, the Company has tungsten and gold interests in the highly-mineralised Extremadura region. In Thailand, Metal Tiger has interests in two potentially near-production stage silver/lead/zinc mines as well as licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.
The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an AIM or NEX Exchange (formerly ISDX) partner with whom the Company is engaged.
https://www.moneyam.com/action/news/showArticle?id=6190246
banjomick
- 15 Nov 2018 13:57
- 463 of 474
15 November 2018
Metal Tiger Plc
Botswana Copper/Silver Project A1 Dome Drilling Results
Metal Tiger plc (AIM: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 (MOD) (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger).
Highlights
-Six widely spaced diamond drill holes completed in first phase programme at the A1 Dome, approximately 22km from the T3 Copper Project (T3)
-Assay results confirm wide disseminated copper intersections in two drill holes:
MO-A1-005D: 130m @ 0.52% Cu & 3.5g/t Ag from 590m (which will be extended to the Ngwako Pan Formation contact (NPF Contact) in Q1 2019)
MO-A1-006D: 52m @ 0.61% Cu & 4.6g/t Ag from 624m, including
1.4m @ 3.8% Cu & 26g/t Ag from 673m on NPF Contact
-Drilling confirms exploration model for discovering copper mineralisation associated with structural domes.
Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:
We are very pleased to provide the results of first phase drilling at the A1 Dome. This programme was designed to test the copper potential of a 4km long section of the 12km long A1 prospective structural target identified from our previous airborne geophysics survey. The presence of wide disseminated copper intersections and higher-grade vein mineralisation at the NPF stratigraphic contact have once again confirmed the model for discovering significant copper mineralisation below structural domes. The NPF hosts the majority of the known higher-grade copper mineralisation on the Kalahari Copper Belt and extends over 250km in northwest Botswana.
With drilling and sampling currently ongoing at the T23 Dome, 100km to the west of the A1 Dome, we look forward to providing further assay results in the near future.
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***
https://www.moneyam.com/action/news/showArticle?id=6207498
Metal Tiger Plc
Botswana Copper/Silver Project A1 Dome Drilling Results
Metal Tiger plc (AIM: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 (MOD) (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger).
Highlights
-Six widely spaced diamond drill holes completed in first phase programme at the A1 Dome, approximately 22km from the T3 Copper Project (T3)
-Assay results confirm wide disseminated copper intersections in two drill holes:
MO-A1-005D: 130m @ 0.52% Cu & 3.5g/t Ag from 590m (which will be extended to the Ngwako Pan Formation contact (NPF Contact) in Q1 2019)
MO-A1-006D: 52m @ 0.61% Cu & 4.6g/t Ag from 624m, including
1.4m @ 3.8% Cu & 26g/t Ag from 673m on NPF Contact
-Drilling confirms exploration model for discovering copper mineralisation associated with structural domes.
Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:
We are very pleased to provide the results of first phase drilling at the A1 Dome. This programme was designed to test the copper potential of a 4km long section of the 12km long A1 prospective structural target identified from our previous airborne geophysics survey. The presence of wide disseminated copper intersections and higher-grade vein mineralisation at the NPF stratigraphic contact have once again confirmed the model for discovering significant copper mineralisation below structural domes. The NPF hosts the majority of the known higher-grade copper mineralisation on the Kalahari Copper Belt and extends over 250km in northwest Botswana.
With drilling and sampling currently ongoing at the T23 Dome, 100km to the west of the A1 Dome, we look forward to providing further assay results in the near future.
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***
https://www.moneyam.com/action/news/showArticle?id=6207498
banjomick
- 16 Nov 2018 12:23
- 464 of 474
16 November 2018
Metal Tiger Plc
Completion of Sale of T3 Project and creation of New Exploration Joint Venture with MOD Resources
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that, further to its announcements of 18 July 2018 and 1 November 2018, both MOD Resources Limited (MOD) and Metal Tiger have agreed to waive the only remaining condition precedent to enable completion of the sale of the Companys interest in the T3 Project, being the approval of the transfer of the remaining 10 exploration licences held by the existing joint venture arrangement between the parties to Tshukudu Exploration (Pty) Ltd (Tshukudu Exploration), a new joint venture (New JV) company held by MOD (70%) and Metal Tiger (30%).
Eight of the 18 exploration licences have already been transferred to the New JV with the remaining 10 exploration licences currently being held in trust for the benefit of the New JV until such time as they are transferred to Tshukudu Exploration following receipt of the requisite Ministerial approval in Botswana. The remaining licence, PL190/2008, which includes the T3 Project, will be held on trust for Tshukudu Exploration, and all areas excluding the T3 Project will form part of the New JV.
Accordingly, the sale of the T3 Project and the creation of the New JV, as detailed in the announcement of 18 July 2018, has completed in full.
As a result, Metal Tiger has been issued with 17,090,000 MOD shares (the Consideration Shares), and 40,673,566 unquoted options with a nil exercise price and expiring on 15 November 2021 (the Options) (together with the Consideration Shares, the MOD Securities). Following the issue of the Consideration Shares, Metal Tiger will be interested in 31,064,220 MOD shares, representing 12.5% of MODs then enlarged share capital. Metal Tiger is restricted from disposing of any of the Consideration Shares, as well as any MOD shares issued pursuant to the conversion of the Options, for a period of 12 months from completion.
The Options represent approximately 16% of MODs enlarged share capital (as enlarged by the Consideration Shares) and will reduce the impact of any dilution of Metal Tigers shareholding in MOD as a result of any future MOD equity issuance or any sale of shares by Metal Tiger. As previously announced, Metal Tiger may exercise the Options by converting them into one MOD share each, provided Metal Tiger owns equal to or less than 12.5% of MOD after completing such conversion. The MOD Securities represent, in aggregate, approximately 25% of MODs diluted share capital (as enlarged by the Consideration Shares) assuming only exercise of the Options and, on this look-through basis, taken with its 30% interest, this would give Metal Tiger an effective 47% interest in the New JV.
Whilst the aggregate number of MOD Securities issued to Metal Tiger remains the same, the proportion of Consideration Shares to Options has been amended to ensure that the Company does not own more than 12.5% of MODs issued share capital following Metal Tigers on-market purchase of 94,178 MOD shares, as announced on 10 September 2018. All other terms and conditions of the transaction remain the same, including the right of Metal Tiger to appoint a nominee to the MOD Board whilst the Company owns at least 10% of MOD. Accordingly, Metal Tiger is pleased to announce that Michael McNeilly has been appointed to the Board of MOD as a nominee of Metal Tiger, with immediate effect.
Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:
We are very pleased to have completed this landmark transaction with MOD. This deal demonstrates Metal Tigers ability to create significant shareholder value through its investment strategy, having achieved a significant uplift in the value of its investment in the T3 Project which has been used to further enhance our already strong balance sheet.
We believe that this transaction represents an exceptional outcome for both MOD and Metal Tiger shareholders and completion sees Metal Tiger becoming MODs largest shareholder. In addition to this, following completion, MOD now has the flexibility, through 100% ownership of the T3 Project, to maximise the benefits of available financing options relating to the T3 project.
Through its increased interest in MOD and the New JV, the transaction places Metal Tiger in a strong position to benefit from the underexplored, district scale potential of the Kalahari Copper Belt. I look forward to working with the experienced team at MOD as they look to become a mid-tier copper producer.
This announcement coincides with an update released today by MOD which can be viewed through the following link:
https://www.asx.com.au/asx/share-price-research/company/MOD
https://www.moneyam.com/action/news/showArticle?id=6209332
Metal Tiger Plc
Completion of Sale of T3 Project and creation of New Exploration Joint Venture with MOD Resources
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that, further to its announcements of 18 July 2018 and 1 November 2018, both MOD Resources Limited (MOD) and Metal Tiger have agreed to waive the only remaining condition precedent to enable completion of the sale of the Companys interest in the T3 Project, being the approval of the transfer of the remaining 10 exploration licences held by the existing joint venture arrangement between the parties to Tshukudu Exploration (Pty) Ltd (Tshukudu Exploration), a new joint venture (New JV) company held by MOD (70%) and Metal Tiger (30%).
Eight of the 18 exploration licences have already been transferred to the New JV with the remaining 10 exploration licences currently being held in trust for the benefit of the New JV until such time as they are transferred to Tshukudu Exploration following receipt of the requisite Ministerial approval in Botswana. The remaining licence, PL190/2008, which includes the T3 Project, will be held on trust for Tshukudu Exploration, and all areas excluding the T3 Project will form part of the New JV.
Accordingly, the sale of the T3 Project and the creation of the New JV, as detailed in the announcement of 18 July 2018, has completed in full.
As a result, Metal Tiger has been issued with 17,090,000 MOD shares (the Consideration Shares), and 40,673,566 unquoted options with a nil exercise price and expiring on 15 November 2021 (the Options) (together with the Consideration Shares, the MOD Securities). Following the issue of the Consideration Shares, Metal Tiger will be interested in 31,064,220 MOD shares, representing 12.5% of MODs then enlarged share capital. Metal Tiger is restricted from disposing of any of the Consideration Shares, as well as any MOD shares issued pursuant to the conversion of the Options, for a period of 12 months from completion.
The Options represent approximately 16% of MODs enlarged share capital (as enlarged by the Consideration Shares) and will reduce the impact of any dilution of Metal Tigers shareholding in MOD as a result of any future MOD equity issuance or any sale of shares by Metal Tiger. As previously announced, Metal Tiger may exercise the Options by converting them into one MOD share each, provided Metal Tiger owns equal to or less than 12.5% of MOD after completing such conversion. The MOD Securities represent, in aggregate, approximately 25% of MODs diluted share capital (as enlarged by the Consideration Shares) assuming only exercise of the Options and, on this look-through basis, taken with its 30% interest, this would give Metal Tiger an effective 47% interest in the New JV.
Whilst the aggregate number of MOD Securities issued to Metal Tiger remains the same, the proportion of Consideration Shares to Options has been amended to ensure that the Company does not own more than 12.5% of MODs issued share capital following Metal Tigers on-market purchase of 94,178 MOD shares, as announced on 10 September 2018. All other terms and conditions of the transaction remain the same, including the right of Metal Tiger to appoint a nominee to the MOD Board whilst the Company owns at least 10% of MOD. Accordingly, Metal Tiger is pleased to announce that Michael McNeilly has been appointed to the Board of MOD as a nominee of Metal Tiger, with immediate effect.
Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:
We are very pleased to have completed this landmark transaction with MOD. This deal demonstrates Metal Tigers ability to create significant shareholder value through its investment strategy, having achieved a significant uplift in the value of its investment in the T3 Project which has been used to further enhance our already strong balance sheet.
We believe that this transaction represents an exceptional outcome for both MOD and Metal Tiger shareholders and completion sees Metal Tiger becoming MODs largest shareholder. In addition to this, following completion, MOD now has the flexibility, through 100% ownership of the T3 Project, to maximise the benefits of available financing options relating to the T3 project.
Through its increased interest in MOD and the New JV, the transaction places Metal Tiger in a strong position to benefit from the underexplored, district scale potential of the Kalahari Copper Belt. I look forward to working with the experienced team at MOD as they look to become a mid-tier copper producer.
This announcement coincides with an update released today by MOD which can be viewed through the following link:
https://www.asx.com.au/asx/share-price-research/company/MOD
https://www.moneyam.com/action/news/showArticle?id=6209332
banjomick
- 21 Nov 2018 09:45
- 465 of 474
Metal Tiger Plc
Botswana Copper/Silver Project – T23 Dome Shallow Copper Mineralisation Intersected
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding the exploration activities of the Company’s new Joint Venture (“New JV”), Tshukudu Exploration (Pty) Ltd (“Tshukudu Exploration”), in the Kalahari Copper Belt in Botswana. The Company holds a 30% interest in Tshukudu Exploration via Metal Capital Exploration Limited, with MOD Resources Limited (“MOD”) (ASX:MOD) holding the remaining 70%. For further information on the New JV, please see the Company’s announcements of 18 July 2018 and 16 November 2018.
Highlights
-Diamond drilling in the first two widely spaced holes at the T23 Dome has intersected visible copper mineralisation at very shallow depth that may be of significant potential
-T23 Dome is the first drilling target on the T20 Exploration Project, located 100km west of the T3 Project, since T4
-T23 is the sixth significant copper mineralisation find on MTR/MOD joint venture licences, over the last 3 years
-Holes MO-T23-001D and MO-T23-002D both intersected:
.Near surface, copper oxide mineralisation including narrow veins and fracture zone hosted malachite and chrysocolla
.Primary copper sulphides including disseminated chalcocite, chalcopyrite and bornite hosted within typical D’Kar Formation sediments, from 50m depth above a red sandstone interpreted to be within the Ngwako Pan Formation (NPF)
.Finely disseminated chalcocite has also been reported locally within the NPF
-Assay results for these holes are currently awaited whilst drilling is being stepped up to test specific structural targets elsewhere on the previously unexplored T23 Dome
Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:
“We are delighted to report the intersection of shallow copper mineralisation on the T23 Dome, which forms part of T20 Exploration Project, 100km west of the T3 Project, and is held within the New JV.
Whilst Metal Tiger now holds an indirect interest in the T3 Project through our shareholding in MOD, we continue to explore the wider Kalahari Copper Belt in order to generate significant upside potential through the new, directly held, Tshukudu Exploration joint venture.
With drilling at the T23 Dome returning potentially significant visible copper intersections and rigs being mobilised to follow-up on the previous high-grade intersections at T4, we are looking forward to a potentially exciting new chapter of Kalahari copper discoveries.”
This announcement coincides with an update released today by MOD which can be viewed through the following link:
https://www.asx.com.au/asx/share-price-research/company/MOD
***More via link below***
https://www.metaltigerplc.com/index.php/news/1277-botswana-copper-silver-project-t23-dome-shallow-copper-mineralisation-intersected-2018-11-21-070000
Botswana Copper/Silver Project – T23 Dome Shallow Copper Mineralisation Intersected
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding the exploration activities of the Company’s new Joint Venture (“New JV”), Tshukudu Exploration (Pty) Ltd (“Tshukudu Exploration”), in the Kalahari Copper Belt in Botswana. The Company holds a 30% interest in Tshukudu Exploration via Metal Capital Exploration Limited, with MOD Resources Limited (“MOD”) (ASX:MOD) holding the remaining 70%. For further information on the New JV, please see the Company’s announcements of 18 July 2018 and 16 November 2018.
Highlights
-Diamond drilling in the first two widely spaced holes at the T23 Dome has intersected visible copper mineralisation at very shallow depth that may be of significant potential
-T23 Dome is the first drilling target on the T20 Exploration Project, located 100km west of the T3 Project, since T4
-T23 is the sixth significant copper mineralisation find on MTR/MOD joint venture licences, over the last 3 years
-Holes MO-T23-001D and MO-T23-002D both intersected:
.Near surface, copper oxide mineralisation including narrow veins and fracture zone hosted malachite and chrysocolla
.Primary copper sulphides including disseminated chalcocite, chalcopyrite and bornite hosted within typical D’Kar Formation sediments, from 50m depth above a red sandstone interpreted to be within the Ngwako Pan Formation (NPF)
.Finely disseminated chalcocite has also been reported locally within the NPF
-Assay results for these holes are currently awaited whilst drilling is being stepped up to test specific structural targets elsewhere on the previously unexplored T23 Dome
Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:
“We are delighted to report the intersection of shallow copper mineralisation on the T23 Dome, which forms part of T20 Exploration Project, 100km west of the T3 Project, and is held within the New JV.
Whilst Metal Tiger now holds an indirect interest in the T3 Project through our shareholding in MOD, we continue to explore the wider Kalahari Copper Belt in order to generate significant upside potential through the new, directly held, Tshukudu Exploration joint venture.
With drilling at the T23 Dome returning potentially significant visible copper intersections and rigs being mobilised to follow-up on the previous high-grade intersections at T4, we are looking forward to a potentially exciting new chapter of Kalahari copper discoveries.”
This announcement coincides with an update released today by MOD which can be viewed through the following link:
https://www.asx.com.au/asx/share-price-research/company/MOD
***More via link below***
https://www.metaltigerplc.com/index.php/news/1277-botswana-copper-silver-project-t23-dome-shallow-copper-mineralisation-intersected-2018-11-21-070000
banjomick
- 26 Nov 2018 16:11
- 466 of 474
Metal Tiger are at Mines and Money (London) which starts tomorrow:
https://london.minesandmoney.com/
They are exhibiting on Stand D24 also Michael McNeilly, CEO, is presenting on Tuesday 27th at 12:40pm in Spotlight Theatre.
https://twitter.com/metaltigerplc
https://london.minesandmoney.com/
They are exhibiting on Stand D24 also Michael McNeilly, CEO, is presenting on Tuesday 27th at 12:40pm in Spotlight Theatre.
https://twitter.com/metaltigerplc
banjomick
- 28 Nov 2018 15:35
- 467 of 474
28 November 2018
Metal Tiger Plc
Exercise of Warrants in Thor Mining
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that it has exercised 7,500,000 warrants over ordinary shares of 0.01 pence each ("Thor Shares") in Thor Mining plc ("Thor Mining") at a price of 1.2 pence per warrant, representing a gross value of GBP90,000.
Accordingly, Metal Tiger will be issued with 7,500,000 new ordinary shares in Thor Mining on the admission of such shares to trading on AIM ("Admission").
Following Admission, Metal Tiger will be interested in 80,100,000 Thor Shares, representing approximately 11.7% of Thor Mining's then issued share capital.
Thor Mining is an AIM and ASX listed exploration and development natural resources company with interests in tungsten, molybdenum and copper projects in Australia and the USA. For the year ended 30 June 2018, Thor Mining reported net assets of GBP11.5 million and a net loss of GBP1.2 million.
https://www.moneyam.com/action/news/showArticle?id=6224588
Metal Tiger Plc
Exercise of Warrants in Thor Mining
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that it has exercised 7,500,000 warrants over ordinary shares of 0.01 pence each ("Thor Shares") in Thor Mining plc ("Thor Mining") at a price of 1.2 pence per warrant, representing a gross value of GBP90,000.
Accordingly, Metal Tiger will be issued with 7,500,000 new ordinary shares in Thor Mining on the admission of such shares to trading on AIM ("Admission").
Following Admission, Metal Tiger will be interested in 80,100,000 Thor Shares, representing approximately 11.7% of Thor Mining's then issued share capital.
Thor Mining is an AIM and ASX listed exploration and development natural resources company with interests in tungsten, molybdenum and copper projects in Australia and the USA. For the year ended 30 June 2018, Thor Mining reported net assets of GBP11.5 million and a net loss of GBP1.2 million.
https://www.moneyam.com/action/news/showArticle?id=6224588
| About MoneyAM | Ts and Cs | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us | Site Map | © 2025 MoneyAM |
Register now for FREE
Share Prices,
Stock Quotes,
Charts, Bulletin Boards, Indices, Watchlists, Portfolio, Market News, Research
or see our Premium Services including Level 2, Terminal and much more.
Follow us on Twitter