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.

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

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14 December 2018
Metal Tiger Plc

Botswana Copper/Silver Project – All Prospecting Licences Now Extended & Transferred

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 Ltd, with MOD Resources Ltd (“MOD”) (ASX:MOD) holding the remaining 70%. In addition, the Company holds approximately 12.5% of the issued share capital of MOD. For further information on the New JV, please see the Company’s announcements of 18 July 2018 and 16 November 2018.

Highlights

*All JV Prospecting Licences (PLs) have been granted two-year extensions ahead of the scheduled expiry/renewal date on 31 December 2018. There was no reduction in land area, all ground is retained under the extensions. These approvals follow on from the first eight of 18 licences being extended and transferred to the New JV as announced 26 October 2018.

*New prospecting licence PL093/2018 has been issued for three years to 30 September 2021.

*All PLs (excluding PL190/2008) have now been transferred to the New JV in-country exploration company, Tshukudu Exploration.
PL190/2008 includes the T3 Project, with all areas excluding the T3 Project being held on trust for the New JV.

*Total area under licence now covers 8,163km2, of which 3,350km2 includes the highly prospective T20 Exploration Project.


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

“We are delighted to report that the Botswana Minister for Mineral Resources, Green Technology and Energy Security has now granted all prospecting licence extensions, and that these licences have been successfully transferred into the New JV.

These extensions, together with the new prospecting licence, secure title over a very prospective tract of the Kalahari Copper Belt, including the Central Structural Corridor which is yielding some very exciting targets and offers the potential of new copper deposit 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

https://www.metaltigerplc.com/index.php/news/1284-botswana-copper-silver-project-prospecting-licences-extended-transferred-2018-12-14-113100

20 December 2018
Metal Tiger PLC

Botswana Copper/Silver Project – A4 Dome Drilling 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 the exploration activities of the Company’s Joint Venture (the “JV”), Tshukudu Exploration (Pty) Ltd (“Tshukudu Exploration”), in the Kalahari Copper Belt in Botswana.

Highlights

*First phase of drilling at the 5km long A4 Dome has completed with 18 of 20 holes intersecting copper mineralisation. The A4 Dome lies only 8km from the planned processing plant for MOD Resources Limited’s (“MOD”) T3 Project.

*Drill hole intersections include significant widths and grades of both vein and Ngwako Pan Formation (“NPF”) contact type mineralisation.

*Potential for A4 Dome mineralisation is open with approximately one third (1.6km) of the prospective 5km strike drilled to date.

*High-level conceptual underground mining study, conducted by independent consultants Entech Pty Ltd, gives positive outcomes for a combination of room-and-pillar and long hole open stoping mining of NPF contact related mineralisation via a decline from surface.

*Decision to progress the A4 Dome programme towards a potential mineral resource estimate is expected to be made early 2019.

*Assay results include:****See Link at BOP****


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

“We are delighted to report the results of the first phase of drilling and a preliminary conceptual underground mining study on the A4 Dome, both of which indicate the potential for another significant copper resource only 8km from the planned T3 Project processing plant.

The findings provide strong support for a decision to step out the drilling to the rest of the A4 Dome prospective target area and start to work towards a A4 Dome maiden resource in early 2019.We look forward to updating shareholders on our progress in the new year.”

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.metaltigerplc.com/index.php/news/1285-botswana-copper-silver-project-a4-dome-drilling-update-2018-12-20-070000

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