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

MiningMaven Podcast No 34 with MOD Resources (ASX:MOD)
35 minutes ago

Joining us on today's Podcast are MOD Resources Managing Director Julian Hanna and General Manager of Exploration Jacques Janse Van Rensburg.

As regular listeners will know, MOD Resources has a JV with Metal Tiger (LON:MTR), held through UK Joint Venture Vehicle, Metal Capital Limited. The 30% Metal Tiger and 70% MOD Resources JV owns 100% of Tshukudu Botswana Metals (“TMB”) which acquired Discovery Mines (Proprietary) Ltd (“DMI”) and 14 licences in the Kalahari Copper Belt.

Since drilling commenced in February 2016, high grade copper has been confirmed on two of the three targets tested. 31 DD holes have now been completed and 2 DD holes are currently in progress within the Resource Programme. With 3 diamond drill rigs dedicated to the Resource drilling, the work is on track to complete a maiden Resource in Q3 2016.

Julian and Jacques give us an overview of MOD's work in Botswana and give us a good understanding as to why there is so much excitement around the high grade results they are getting, particularly at the T3 Prospect. We hope you enjoy listening.

https://audioboom.com/boos/4880485-miningmaven-podcast-no-34-with-mod-resources-asx-mod

***Link To Historic Data***

Securities in Issue

570,213,029 ordinary shares of 0.01p each.
No securities are held as treasury shares.
16.97% of Metal Tiger plc shares are not held in public hands.
There are no restrictions on the transfer of shares.

Significant Shareholders

As at 31st July 2016 the following shareholders were, as far as the Directors are aware, interested in 3% or more of the issued share capital of the Company.

                      Name                                  Number of ordinary shares            % of issued share capital
Terry Grammer                                                  38,150,667                                        6.69%
South East Asia Mining Corp                                23,799,000                                        4.17%
Blackstar Gold Pty Ltd *                                    19,880,000                                        3.49%
Michael Joseph                                                   18,547,345                                        3.25%
Charles Hall                                                       17,857,142                                        3.13%

(based on latest declared holding to the company as a proportion of issued share capital at 11.05.16)
* Note: Terry Grammer, director of Metal Tiger, is also a director of Black Star Gold Pty Ltd.

Directors' Shareholdings

Terry Grammer (Non-Executive Chairman)(*)       38,150,667                                         6.69%
Paul Johnson (CEO)                                              9,600,000                                         1.67%
Alex Borrelli (CFO, Non-Executive Director)            5,400,000                                          0.95%

Note Terry Grammer is also a Director of Blackstar Gold Pty Ltd which has an interest in 19,880,000 Metal Tiger plc shares.

Management Performance Options


Director                                             Number of Management Options Awarded & Unexercised


Paul Johnson                                                  7,500,000 1.7p (08.02.19)

                                                                     3,330,000 1.75p (02.07.18)

                                                                     5,000,000 2p (02.07.18)

Alex Borrelli                                                    1,170,000 1p (10.07.17)

                                                                     1,670,000 2p (02.07.18)

Terry Grammer*                                              3,330,000 2p (02.07.18)

(*) Note Terry Grammer is also a Director of Blackstar Gold Pty Ltd which has an interest in 19,880,000 Metal Tiger plc shares.

Note: Additional Management options were approved at the General Meeting on 31st May 2016.

http://www.metaltigerplc.com/index.php/investors/securities-in-issue

2 August 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")

Botswana further high grade copper intersections

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update with regard to the diamond drilling programme at the Companys Joint Venture (JV) project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).

Technical highlights in respect of progress on the Target 3 (T3) Prospect, Phase 1 Resource Diamond Drilling Programme (the Resource Programme) are provided below. In addition, we would refer to the announcement released today by MOD Resources which contains images and diagrams that may assist readers in an understanding of the project and the drilling being undertaken. This announcement can be viewed through the following link.

http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web

Paul Johnson Chief Executive Officer of Metal Tiger commented

We are delighted to report the continuing stream of high grade intersections for the western half of our joint venture T3 Resource Programme. Following on from the 6.2m @ 7.8% Cu & 209g/t Ag intersection in hole MO-G-20D we reported last week, todays reported 32.6m @ 1.6% and 45.5m @ 2.0% Cu in holes MO-G-24D and MO-G-25D respectively, helps build the higher grade copper trend out into the western half of the T3 deposit. We look forward to reporting the assays results from a further 12 holes which all contain visibly strong copper mineralisation as the results become available

Highlights:

• Assay results confirm significant copper and silver intersections for a further three diamond drill (DD) holes (MO-G-23D to MO-G-25D) within the Resource Programme area. Key intersections are outlined below.

• Diamond drill hole MO-G-25D has a wide intersection of 45.5m @ 2.0% Cu, 36g/t Ag & 237ppm Mo, including vein hosted mineralisation grading 14.2m @ 4.1% Cu & 89g/t Ag. Located on the same E-W profile hole MO-G-24D also has a wide intersection of 32.6m @ 1.6% Cu at comparable depths.

• High Molybdenum assays also noted for MO-G-25D: 14.2m @ 686ppm Mo including 0.7m @ 7,386ppm Mo.

• These latest results combined with those reported on 26th July, appear to extend the central footprint of higher grade mineralisation into the western part of the Resource Programme area.

• Visual inspection of core from all 12 of the resource holes currently awaiting assay (MO-G-26D to MO-G-37D) has noted significant vein and disseminated sulphides.

• The deep drill hole to test the Induced Polarisation (IP) geophysics anomaly, located circa 400m down dip, to the north of the current Resource Programme area, is now nearing the target depth.

Resource Programme Progress

35 DD holes have now been completed and 2 DD holes are currently in progress within the Resource Programme. With 3 diamond drill rigs dedicated to the Resource drilling, the work is on track to complete a maiden Resource in Q3 2016.

• Key results for latest down-hole intersections include:

• Hole MO-G-23D
• 6.3m @ 1.9% Cu & 16g/t Ag from 159.0m

• Hole MO-G-24D
• 32.6m @ 1.6% Cu & 22g/t Ag from 146.0m, including:
• 9.0m @ 2.5% Cu & 23g/t Ag from 154.0m
• 8.0m @ 2.2% Cu & 52g/t Ag from 168.0m
• 4.5m @ 3.3% Cu & 53g/t Ag from 184.5m
• 12.om @ 0.9% Cu & 16g/t Ag from 199.0m

• Hole MO-G-25D
• 45.3m @ 2.0% Cu, 36g/t Ag & 237ppm Mo from 131.0m, including:
• 30.3m @ 2.7% Cu, 53g/t Ag & 349ppm Mo from 146.0m
• 14.2m @ 4.1% Cu, 89g/t Ag & 686ppm Mo from 152.0m
• 1.0m @ 9.7% Cu, 169g/t Ag & 533ppm Mo from 183.6m
• 2.0m @ 3.6% Cu & 69g/t Ag from 194.0m
• 1.5m @ 1.8% Cu & 35g/t Ag from 199.6m

All holes were designed to intersect the northerly dipping mineralisation at depth, and are orientated with an azimuth of 160deg and dip of 60deg. MO-G-023D reached a down hole depth of 206m, MO-G-24D reached 227m and MO-G-25D reached 221m.

Holes MO-G-023D to MO-G-025D are located on the same E-W profile at 100m spacing.

A table of the drill collar locations is provided in the MOD release referenced above. Results from the continuing drilling programme will be released as they become available following geological interpretation.

Current Exploration Programme Plan

The Resource drilling programme at T3 is concentrating on the current 1,000m strike length of the T3 deposit, delineating the upper (UZ) and lower (LZ) copper/silver mineralisation, from circa 60m vertical depth to 200m depth. The majority of the resource drill holes are drilled perpendicular to the mineralisation host sequence dip, therefore the mineralisation intersections are interpreted to be near to true width. The planned programme currently consists of a further 33 diamond core drill holes at 100m collar spacing (subject to assay results planned holes may be added / removed to enlarge / reduce the Resource area envelope).

Given the drilling rates achieved to date, the completion of the maiden Mineral Resource estimate for T3 is still planned for Q3 2016. Two additional diamond drilling rigs have been provided by the projects drilling contractor Discovery Drilling in case the resource drilling rates need to be increased. These rigs are currently on-standby at no cost to the project.

Location

The T3 Prospect is located on the Kalahari Copper Belt in northern Botswana and is part of the MOD/MTR joint venture Botswana Copper/Silver Project. T3 is located approximately 70km NE of the projects Tshimologo (T4) Prospect and is located parallel to the same structural trend known as the Mahumo Structural Corridor, that hosts MODs Mahumo Project (circa 20km NE of T3) and Cupric Capitals Banana Zone Deposit (60km NE) and Zone 5 Project (120km NE).

MOD outline details of the current exploration procedures being employed on the project (JORC 2012 Table 1), a drill plan and drill collar locations in their news release dated 2 August 2016. The work is being managed on the ground by MODs Competent Person, Mr Jacques Janse van Rensburg, BSc (Hons), General Manager Exploration (Africa).

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 meets the criteria of a qualified 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 consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.

http://www.moneyam.com/action/news/showArticle?id=5390378

Metal Tiger on track for maiden resource from Botswana venture
09:11 02 Aug 2016

Three more assays have indicated a copper trend extending in the western half of the Kalahari-based prospect.



Drilling at Metal Tiger PLC’s (LON:MTR) T3 target at its copper venture in Botswana continues to return high grades.

Three more assays have indicated a copper trend extending in the western half of the Kalahari-based prospect.

Visual inspection of the cores from all 12 of the resource holes currently awaiting assay also reveal significant vein and disseminated sulphides, Metal Tiger added.

Paul Johnson, chief executive, said he was delighted with the latest results to come back.

“Following on from the 6.2m at 7.8% Cu [copper] & 209g/t Ag [silver] intersection in hole MO-G-20D we reported last week, today’s reported 32.6m at 1.6% and 45.5m at 2.0% Cu in holes MO-G-24D and MO-G-25D respectively, helps build the higher grade copper trend out into the western half of the T3 deposit.”

Metal has a 30% stake in the project with Australian-listed MOD Resources the operator with a 70% stake.

So far, 35 holes have been drilled in the programme at T3 along the 1,000m strike length.

A further 33 holes are planned with a maiden resource scheduled to be released this quarter.

Philip Whiterow

Paydirt.





http://media.wix.com/ugd/a5d095_3e0442544d8e48b8924564664ca048dc.pdf

Hi geoffsh, I was just reading that over on LSE.

http://media.wix.com/ugd/a5d095_3e0442544d8e48b8924564664ca048dc.pdf

Metal Tiger increased their stake in KOLAR GOLD PLC:

From under 3% to 9.65%

http://www.moneyam.com/action/news/showArticle?id=5391533

4 AUGUST 2016
Metal Tiger Plc

QUARTERLY ACTIVITIES REPORT

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce its Quarterly Activities Report (QAR or the Report) covering the period from April to June 2016, and subsequent material activities.

The Report was introduced in Metal Tigers Strategic and Operational Update announced to market on 25th February 2016 and will align Metal Tiger with the normal reporting in established resource markets such as the ASX and TSX.

Highlights:

• Botswanan JV (30% Metal Tiger): Exploration work including reverse circulation and diamond drilling has continued through the quarter with the Joint Venture now publishing a regular feed of latest assay data. Extensive high grade copper-silver mineralization identified and resource drilling now underway with a view to publishing a maiden resource in the third quarter 2016;

• Thailand activities (90% Metal Tiger): Advanced negotiations continued in respect of the Boh Yai and Song Toh Silver-Lead-Zinc mines where SEAM, our Joint Venture partner, is seeking to acquire an interest in both projects. Standstill Agreement extended until 20th August to allow completion of due diligence and operational structuring to optimise the transaction for all parties. Nationwide exploration and development programme implemented yielding a significant number of new opportunities;

• Spanish JV (50% Metal Tiger): acquisition of additional gold focused licences in Extremadura in Joint Venture with our existing partners MEN (Finland). Launch of field exploration campaign focused on gold exploration drilling and further advancement of existing known Tungsten exploration opportunities. Grant of St Cristobel licence within existing Logrosan project;

• Pipeline: Metal Tiger project pipeline advanced significantly. Opportunities exist in relation to existing countries of operation in Thailand and Spain. In addition the Company has a number of new opportunities under review in Australia, Cambodia, Finland, Ireland and the United Kingdom. Opportunities under review are being considered for inclusion within the Metal Tiger portfolio or for distribution into other AIM and/or ISDX vehicles;

• Asset Trading Active investment programme implemented with investments in shares/warrants of Greatland Gold, Goldstone Resources, Red Rock Resources, Conroy Gold, Connemara Mining Company, Thor Mining and Opera Investments. Total of circa 700,000 invested in direct placings with further on/off market purchases undertaken in various resource shares. Post quarter end a 200,000 investment made in shares/warrants of Kolar Gold bringing the total amount invested since the last quarterly report to circa 1.28 million. Significant overall paper gains recorded on the investments made in the quarter.

• Strong working capital following continued conversion of warrants, placing (at 4.5p) and gains on the Asset Trading portfolio. Resource sector has experienced a decline in the latter two months however Company working capital (liquid investments and cash) is still circa 4million as at the date of this report.

***More From Link Below***

http://www.moneyam.com/action/news/showArticle?id=5392093

Metal Tiger growing its interests apace
08:11 04 Aug 2016

Chief executive Paul Johnson said: "The two years since we formed Metal Tiger have seen substantial growth.."



Resource company investor Metal Tiger PLC (LON:MTL) is well funded and growing its interests apace, it told a quarterly activities report.

While the resource sector has declines in the last two months, the group still has around £4million in working capital.

Chief executive Paul Johnson said: "The two years since we formed Metal Tiger have seen substantial growth, but if we manage our business effectively the board believe the next two years offer considerably more opportunity as our interests mature and fuller valuations are encountered."

Noteably in asset trading, significant overall paper gains were recorded on its mining investments made in the three months to end June, it said

Post quarter end, the firm put £200,000 into shares/warrants of Kolar Gold bringing the total amount invested since the last quarterly report to around £1.28 million.

At its joint venture with MOD Resources in Botswana, exploration continued through the quarter and extensive high grade copper-silver mineralisation was identified. A maiden resource is targeted for the third quarter 2016.

In Thailand, its partners South East Asia Mining have launched a nationwide business development programme and are building their geological knowledge and strategic interests. Metal is also progressing negotiations on two silver-lead-zinc mines and the metal production opportunity they offer.

Its Spanish interests continue to develop and when reviewing the overall exploration data in and around its joint venture interests, the group said it was extremely excited at the prospect of accelerating operations and the potential for new discoveries.

The group expects a full Spanish update soon on exploration work during 2016.

Giles Gwinnett

MiningMaven PodcastNo 36 with Metal Tiger (LON:MTR) Chairman Terry Grammer, CEO Paul Johnson + C.P. Nick O'Reilly
4th August 2016

Our guests on today's podcast are Metal Tiger (LON:MTR): Chairman, Terry Grammer, CEO Paul Johnson and CP (Competent Person) Nick O'Reilly to discuss the latest set of drill results out of Botswana from MOD Resources.

It was particularly interesting to hear Nick's take on them and investors will no doubt be particularly encouraged by his ever increasing confidence in the T3 project and the drill data coming out of the ongoing resource exploration program.

Metal Tiger has also published a FAQ sheet on the Botswana Copper/Silver Project, to help investors get a better understanding of its potential. It can be downloaded here: http://bit.ly/2aNX6ML We hope you enjoy listening.

https://audioboom.com/boos/4893794-miningmaven-podcastno-36-with-metal-tiger-lon-mtr-chairman-terry-grammer-ceo-paul-johnson-c-p-nick-o-reilly

Metal Tiger ‏@metaltigerplc · 5 minutes ago

Any questions about the quarterly announcement released today please email
info@metaltigerplc.com


https://twitter.com/metaltigerplc

I missed the Q&A mentioned in Post 108 and never highlighted the link, DOH!

MTR FAQ - Botswana -3rd August-final.pdf

http://bit.ly/2aNX6ML

16:12 Thursday 4th August , 2016
Metal Tiger plc

BOTSWANA FAQ Document and Management Interview

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce the publication of an FAQ ("Frequently Asked Questions") Document covering ongoing activities at the Company's Joint Venture ("JV") project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).

The FAQ Document is intended to compliment the Botswana Copper/Silver section on the MTR website and provide investors and interested parties with answers to many of the questions which have been put to the Company in respect of the initial Target 3 ("T3") Discovery, the wider project area, and the exploration work currently being undertaken by the JV towards defining a maiden Mineral Resource Estimate during Q3 2016.

The FAQ Document is download-able from the Metal Tiger website and will be updated as frequently as necessary to take into account ongoing developments and any further questions which may arise therefrom. The FAQ Document can be downloaded here:

http://bit.ly/2aNX6ML

Further FAQ Documents will be produced in due course covering other Metal Project areas of interest.


MiningMaven Management Interview

In a MiningMaven Podcast interview released this morning, MTR's Management Team, including Chairman Terry Grammer, CEO Paul Johnson and Metal Tiger's Competent Person ("CP") expand on the rationale for publishing the FAQ Document and also discuss the latest set of drilling results from the Company's JV in Botswana and the significance of the of high grade copper intersections encountered, as announced on Monday. The full announcement can be seen here:

http://bit.ly/2aV1JWp


The full MiningMaven interview can be heard here:

http://bit.ly/2aiDCjf

For further information on the Company, visit: www.metaltigerplc.com


http://www.moneyam.com/action/news/showArticle?id=5392772

Metal Tiger - Quarterly Activities Report (Video)
Fri, 05 Aug 2016, 09:00am BST

Metal Tiger continues to advance its business model at a tremendous pace, in line with our stated observations of a recovering natural resource sector and the need to act promptly to broaden and consolidate interests whilst opportunities remain available at lower priced entry levels.

“Immense opportunities in the market with a tonne more to do", says Metal Tiger chief
11:25 05 Aug 2016

Proactive Investors speaks to Paul Johnson, chief executive of Metal Tiger PLC (LON:MTR) as the mining investment group enters its “terrible twos.”

“We need to make sure in all the busyness and chaos, we don’t lose sight of the immense opportunities that are still in the market and we capture the value from them for Metal Tiger shareholders.”

Johnson agrees that a new natural resources sector dawn is on the horizon. “It’s a cyclical business and it has huge peaks and huge troughs at the end other end, and you move like this up and down on a crazy basis over a period of time. The Botswana project is a perfect example of being able to buy in at a low cost opportunity at the bottom,” and the group's Spanish interests also continued to develop he adds.

“I can assure you Spain is going to come back to life in terms of people’s understanding and excitement and people will understand the potential there.”

Johnson wants the market value to reflect what Metal Tiger is doing now as well, but “Everything is available for the right price at the right time.”

Amongst the strong business, fantastic projects and opportunities, “there’s a tonne more we can do.”

The group plans to create a new vehicle for the pipeline and certain elements of its trading business.

What about the next two years? “It would be difficult to say what’s happening even in six months’ time because things are going so fast,” adds a tired and slimmer Johnson.

Sarah Lowther

New Research Buy Note released from Dowgate today:

http://www.metaltigerplc.com/index.php/investors/research

Launch of Metal Tiger Australia

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce the launch of Metal Tiger Australia Pty Limited (MTA).

Highlights:

• MTA is a wholly owned subsidiary of Metal Tiger plc charged with responsibility for the provision of technical services across the Metal Tiger group;
• MTA, an Australian registered company, is based in Perth, Australia;
• MTA will initially have three directors namely Keith Springall (Chief Financial Officer MTR), Terry Grammer (Chairman MTR) and the proposed Chief Technical Officer of MTR, whose appointment will be announced shortly;
• MTA will provide an internal repository of geological, mine engineering and financial skills to lend support across the growing Metal Tiger business, and with a specific current focus on key business developments within its Botswanan, Spanish and Thai investing activities.

Paul Johnson Chief Executive Office of Metal Tiger saidThe Metal Tiger business model is growing and now has Metal Project interests ranging from early stage exploration to advanced exploration and to mine development. The Metal Tiger Asset Trading division has an expanding list of investments across resource companies at various stages of development.

Both Metal Projects and Asset Trading divisions have a considerable pipeline of new investing opportunities and MTA will provide a technical core within Metal Tiger through which new opportunities can be assessed

Recognising the increasingly diverse investments we are advancing our internal capabilities with the recruitment of a board level Chief Technical Officer and also a Geological Information Systems (GIS) Database Manager.

Creating and housing this internal technical unit in Perth, Australia, is significant, being the centre of geological and mine development knowledge, particularly for African and Asian opportunities. In addition the technical unit is well placed to assess new opportunities in Australia, and notably Western Australia, which is an area where the MTA team have substantial experience.

This is just one step as we continue to build Metal Tiger into one of the leading global mining investment companies. Shareholders should expect further developments in this regard to be announced to market in the near term.

http://www.moneyam.com/action/news/showArticle?id=5395087

Metal Tiger launches Australian subsidiary
15:39 09 Aug 2016

Metal Tiger Australia Pty Limited (MTA) will be based in Perth and initially have three directors



Resource investor Metal Tiger plc (LON:MTR) has launched an Ausstralian subsidiary to deal with technical services across the group.

Metal Tiger Australia Pty Limited (MTA) will be based in Perth and initially have three directors - chief financial officer Keith Springall, chairman Terry Grammer and a proposed chief technical officer, whose appointment will be announced shortly;

The focus will be on the group's key business developments within its Botswanan, Spanish and Thai investing activities.

Metal's chief executive Paul Johnson said: "The Metal Tiger business model is growing and now has interests ranging from early stage exploration to advanced exploration and to mine development.

"The Metal Tiger Asset Trading division has an expanding list of investments across resource companies at various stages of development."

He added: "Creating and housing this internal technical unit in Perth, Australia, is significant, being the centre of geological and mine development knowledge, particularly for African and Asian opportunities.

"In addition the technical unit is well placed to assess new opportunities in Australia, and notably Western Australia, which is an area where the MTA team have substantial experience."


Giles Gwinnett

Link to MTA website in development:



                  

MOD Resources Investment Update

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce an update with regard the Companys investment in MOD Resources (ASX:MOD).

Highlights:

• Metal Tiger currently holds 67,833,333 MOD shares valued at present at A$3,256,000 (circa 1,930,000) at todays ASX closing price of A$0.048;
• Metal Tiger also holds 29,166,666 warrants with an exercise price of A$0.01 (expiry 1.5.18) and 1,541,667 warrants with an exercise price of $A0.06 (expiry 15.4.19);
• Metal Tigers paper margin at present on in-the-money warrants amounts to A$1,108,333 (approximately 657,000);
• The total value of Metal Tigers equity holdings in MOD, together with the paper margin on warrants is approximately 2,587,000 against an original total acquisition cost of circa 313,000;
• Metal Tigers is therefore currently showing a paper gain of 2,274,000 on its investment, representing a return of circa 625% to date;
• Metal Tiger also holds a 30% interest in 14 licences in the Kalahari Copper Belt in Botswana, in Joint Venture with MOD Resources;
• The Joint Venture is currently in an active exploration phase in Botswana with assay results and general exploration updates now being provided to market on a regular basis;
• The project activities include resource drilling to enable the quantification of a maiden resource at the T3 project in the near term.

Paul Johnson Chief Executive Officer of Metal Tiger commented: We are pleased to confirm the valuation uplift in our holding in MOD Resources. The uplift in MOD Resources share price has been achieved through market recognition of the significant copper/silver discovery in Botswana announced earlier this year and the substantial flow of positive exploration data that has been published to the market thereafter.

The smooth operations now underway are delivering a regular feed of exploration data to market and Metal Tiger is grateful to MOD resources for their exceptional effort in building a ground operations team so expeditiously following the initial discovery.

The increasing valuation of MOD Resources adds considerably to the value of the Companys equity and warrant portfolio and has materially increased the working capital of Metal Tiger.

More importantly however, Metal Tigers 30% direct interest in the 14 licence portfolio where the T3 discovery was made, is an increasingly valuable part of our business and we look forward to further progress as the Joint Venture builds its activities in Botswana.

We anticipate further market updates in respect of Botswanan exploration progress in the near term.

Metal Tiger - MOD Resources Investment Summary

On 13 January 2016 Metal Tiger announced that it had invested A$350,000 to acquire 58,333,333 MOD shares at a price of A$0.006 per share and was also granted 29,166,666 ASX-listed options with an exercise price of A$0.01 each and an expiry date of 1 May 2018.

Metal Tiger also announced on 20 April 2016 that it had invested a further A$99,999.99 to acquire an additional 3,333,333 MOD shares at AS0.03 per share to maintain its proportionate holding in MOD Resources.

On 19 July 2016 Metal Tiger announced that it had invested A$148,000.01 in the MOD rights issue to acquire an additional 6,166,667 new MOD shares and was granted 1,541,667 unlisted options with an exercise price of A$0.06 each and an expiry date of 15 April 2019.

http://www.moneyam.com/action/news/showArticle?id=5397484