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
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

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

Botswana Copper/Silver Project Update

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 provide a further market update highlighting considerable progress in Botswana.

As shareholders will note below the JV has so far identified a zone of soil anomalies for over 12km along the T3 Dome and the assay results now received from three diamond holes have confirmed very high silver and copper grades up to 363g/t silver and 21.5% copper.

The JV will shortly have five rigs on site and the march towards resource definition continues apace. More exploration updates will flow as we continue to build our understanding of this substantial Kalahari Copper Belt opportunity.

Last week the MTR team attended the Botswana Resource Conference in Gaborone and were extremely pleased with the positive reception and the enthusiasm for the JVs work in Botswana. It is a pleasure to invest in Botswana and receive such support. Moreover a further project site visit was conducted and the MTR team were particularly impressed by the dramatic progress on the ground in recent months and the professionalism of the MOD team in-country.

Without question this is a remarkable opportunity for Metal Tiger and MOD Resources. We eagerly await the next set of assay data as the JV continues to grow and develop this project.

***More From Link Below***

http://www.moneyam.com/action/news/showArticle?id=5364764

LSEsharetalk ‏@LseShareTalk · 1h1 hour ago

Nice morning in London @OfficialTipTV then interview with @metaltigerplc Paul Johnson - investors Q @LseShareTalk

https://twitter.com/LseShareTalk

Metal Tiger ups Botswana effort after bumper grades
12:23 22 Jun 2016

Assays from the latest three holes averaged copper between 1-2%, but there were some bonanza patches within that.



Metal Tiger PLC’s (LON:MTR) partner is to bring a fourth deep drilling rig on site at its Botswana Copper Belt prospect to explore ‘a burgeoning’ number of high grade targets.

MOD Resources (ASX:MOD), the partner, is currently carrying out the exploration and after analysing latest samples said the length of the previously identified soil anomaly at the T3 prospect had risen by 4km to 12km.

The surface samples were taken to the west of the initial exploration zone and follow a 3Km extension to the east announced last week.

In addition, a diamond drilling programme at T3 intersected exceptionally high silver and copper grades at the eastern border.

High silver grades usually indicate very high grade copper is present as well, said the company.

Assays from the latest three holes averaged copper between 1-2%, but there were some bonanza patches within that.

One hole, MO-G-09D, showed silver veins with grades of 199g/t, 244g/t and 363g/t Ag and copper at 8.36%, 10.2% and 21.5%.

Further drilling is required to determine the extent of these high grade Cu/Ag veins, said Metal Tiger, although chief executive Paul Johnson thinks the best could be yet to come.

Speaking exclusively to Proactive, Johnson said: “I don’t think that that is necessarily the limit of it, it could be even higher potentially.”

“[The high grades] are starting to surprise us, as they should do, because this is unusual, you don’t get that level of mineralisation very often.”

The current programme for T3 is 34 holes, for which assays have come back for 18. All the holes drilled so far have hit copper.

A maiden JORC compliant resource based on the drilling programme is scheduled to be published in the third quarter of this year.

“The JV has so far identified a zone of soil anomalies for over 12km along the T3 Dome and the assay results now received from three diamond holes have confirmed very high silver and copper grades up to 363g/t silver and 21.5% copper,” Johnson added.

“The JV will shortly have five rigs on site and the march towards resource definition continues apace.

“More exploration updates will flow as we continue to build our understanding of this substantial Kalahari Copper Belt opportunity.”

The joint venture is split 70/30 MOD/Metal Tiger.

Shares rose 1% to 3.11p.

-- Update: CEO comment --

Philip Whiterow

Abm ‏@ABMckinley · 18 minutes ago

Abm Retweeted TheTradingTiger 2.0

Looking to put out @metaltigerplc Interview out in two parts. 1st section #MTR news update, 2nd Q&A from holders

https://twitter.com/ABMckinley

Metal Tiger produces “astonishingly high grade figures”, says CEO
08:33 23 Jun 2016

Metal Tiger PLC’s (LON:MTR) chief executive Paul Johnson and commercial director Michael McNeilly join Proactive Investors to discuss the burgeoning number of high grade targets at its Botswana Copper Belt prospect.

MOD Resources (ASX:MOD), Metal Tiger’s partner at the site, has brought a fourth deep drilling rig on site, and is currently carrying out the exploration.

Chief executive Johnson says “today we released a cracker of an RNS with lots of intersection of high grade copper, high grade silver and some astonishingly high grade figures.”

“We are super excited in the business and hoping that the results flow thick and fast”, he adds.

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

Warrant Exercise

The Board of Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce that it has received a binding signed warrant conversion notice for the following amount:

***See Link at BOP***

The Board is pleased to confirm that it has raised �1,576,500 from warrant conversions since March 16 2016.

The 7,527,778 new ordinary shares are expected to be admitted to trading on or around 29 June 2016. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 569,967,664. 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 569,967,664 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.

http://www.moneyam.com/action/news/showArticle?id=5365668

Greatland Gold give a video update on progress company is making:

http://www.brrmedia.co.uk/broadcasts/576a75c21a46949a7b2d2e89/greatland-gold-update

Metal Tiger PLC speak to LSE Share Talk - Part 1
Published on Jun 23, 2016

In this interview, we cover the Botswana Copper/Silver Project Update (Wednesday 22 June, 2016). Metal Tiger team talk about the company's operations & reply to share holders questions.

Metal Tiger PLC speak to LSE Share Talk - Part 2
Published on Jun 26, 2016

Metal Tiger team talk about the company's operations & reply to share holders questions. We cover Brexit vote in the UK and how it could affect the commodity - mining sectors?

This was recorded in London, UK - Wednesday 22 June, 2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

Metal Tiger have increased their holding in Thor Mining plc:

From 197m to 485m crossing the previous 4% to +8% threshold reaching 8.45% completed 24 / 02/ 16

http://www.moneyam.com/action/news/showArticle?id=5367086

From earlier today and is related to yesterdays news:

MiningMaven Podcast No 28 with Mick Billing Chairman + CEO of Thor Mining (LON:THR) (ASX:THR)

Mick Billing Chairman and CEO of Thor Mining (LON:THR) (ASX:THR) joins us on the podcast today.

Thor Mining, an Australian focused tungsten developer has recently come up on the investor radar as the sector recovery continues. In todays Podcast Chairman Mick Billing discusses the Tungsten market and its price drivers. We then take a look Thor's investment proposition and its projects which include Molyhil in Australia and Pilot Mountain in Nevada, USA .

What is apparent from this interview is that the company's valuation at around £1.7m m/cap does little justice to the company's assets.

As mentioned in the Podcast, for more information on the tungsten market take a look at the article by Northland's analyst Ryan Long on Page 8 of the Aim Review:

http://www.hubinvest.com/AIMPDFJune2016_81.pdf

https://audioboom.com/boos/4757338-miningmaven-podcast-no-28-with-mick-billing-chairman-ceo-of-thor-mining-lon-thr-asx-thr

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

Warrant Exercise

The Board of Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce that it received a binding signed warrant conversion notice for the following amount on 27 June 2016:

***See Link BOP***

The Board is pleased to confirm that it has raised 1,577,500 from warrant conversions since March 16 2016.

The 55,555 new ordinary shares are expected to be admitted to trading on or around 5 July 2016. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 570,023,219. 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 570,023,219 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.


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 Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over 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 ISDX or AIM partner with whom the Company is engaged.

Metal Tiger also has an Asset Trading Division that holds various financial instruments for trading purposes including equities, warrants and royalty income. The aim of the division is to generate profits to reinvest into the Companys project based activities.

http://www.moneyam.com/action/news/showArticle?id=5368890

30 June 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")

Audited results for the year ended 31 December 2015

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce its audited results for the year ended 31 December 2015.

Highlights:

• Net Asset Value up over 48%
• Increase in net cash in year of 168,453 (after net 1,812,359 proceeds from investment disposal was reinvested in Joint Ventures 596,343 and investments held for trading 1,199,401).
• Nil borrowings
• Net Current Assets of 1,058,333
• Market capitalisation up 45%
• Net Asset Value - fully diluted per share down 11%

Paul Johnson CEO of Metal Tiger stated: "I am pleased to present the report and accounts for the year ended 31 December 2015 during which the Metal Tiger business grew materially in terms of the depth and breadth of investing activities and interests.

We closed the year with a number of advancing Metal Project investments and a robust working capital position comprising cash and liquid resource equity holdings.

Moreover the extensive business progress in the first half of 2016 combined with the considerable increase in the Companys working capital post year end means that we sit mid-2016 with an extremely strong position and one where we can take advantage of a recovery in the natural resource sector which the board believe is now underway."

The Annual Report and Accounts for the year ended 31 December 2015, along with an explanatory note for shareholders, will be available shortly to view and download from Metal Tiger's existing website (www.metaltigerplc.com) in accordance with rule 26 of the AIM Rules for Companies together with a notice of Annual General Meeting. The AGM is scheduled to take place at East India Club, 16 St James Square, London, SW1Y 4LH at 10.30 a.m. on 29 July 2016.

***More From Link Below***

http://www.moneyam.com/action/news/showArticle?id=5369950

The Annual Report and Accounts for the year ended 31 December 2015, along with an explanatory note for shareholders, will be available shortly to view and download from Metal Tiger's existing website:

http://www.metaltigerplc.com/images/publications/Metal-Tiger-Accounts-2015-v14H-a-FINAL.pdf

..............................New corporate presentation..............................



Put on Metal Tiger's web site 1st July.



http://www.metaltigerplc.com/index.php/investors/company-presentation

04 July 2016
Eurasia Mining plc (AIM: EUA)
("Eurasia" or the "Company")

Semenovsky Tailings Project update and receipt of assays

Eurasia Mining plc,("Eurasia") the Russia focused PGM and gold production and development company, here working in partnership with Metal Tiger plc ("MTR"), is pleased to update progress from the Semenovsky Tailings Project (STP), most importantly the receipt of assay results from the 2016 metallurgical drilling programme.

As reported in RNS dated 26 April 2016, a drilling programme was carried out on site and the samples sent to SGS Chita for assay and subsequent metallurgical analysis. The testing program is considered in three phases. Phase 1a, fire assay of samples, phase 1b, bottle-roll cyanide-leach testing, and phase 2, optimisation of leach variables. The assay results returned for the 54 samples collected in phase 1a are in line with previous estimates, and the grades used previously in Eurasia's resource calculations. This work is a necessary step in planning the design of the processing plant, as well as confirming the grade of the tails and the reliability of previous workers sampling.

Highlights:

· 54 fire assay results returned from SGS laboratories Chita, return an average grade of 1.16 g/t gold and 17.3 g/t silver.

· Results are in line with expected values obtained from previous sampling programmes, lending additional support to reserve calculations

· These grades are high for tailings, providing a robust project for re-treatment and recovery of gold.

The depth of the tailings dam varies from six to eleven metres on average and this recent sampling program was designed to test the complete column of sands through to underlying clays below the tailings foundation. 5 drill holes were evenly spaced over the 1.5km2 tailings dam. Results are tabulated in full below. The sands were logged and individually bagged on site in Semenovsky by Eurasia geologists. Gold values are obtained by fire assay with an atomic absorption analysis finish and the silver values by atomic absorption method.

Separately, a reserves report was submitted to local authorities on the 30th May 2016 and this is continuing through the normal approvals process at the Bashkirian Ministry for Subsoil use.

Christian Schaffalitzky, Managing Director at Eurasia Mining comments "We are pleased to have independent verification of grade at the Semenovsky Tailings Project. Having worked in Russia for many years we are familiar with the excellent standard of Russian geological assessments and have complete faith in the Russian system of mineral resource definition but working in partnership with MTR, are duty bound to provide normal due diligence confirmation. We now look forward to results of gold recovery tests which will allow us to refine the design of the process plant and optimize the mining operation."

Consent for release

EurGeol Christian Schaffalitzky, FIMMM, PGeo, MIEI, CEng, is a director of the Company. He has reviewed the update and consents to the inclusion of the exploration information in the form and context in which it appears here. He is a Competent Person for the purposes of the reporting of these results.

***See Link Below for Results***

http://www.moneyam.com/action/news/showArticle?id=5372386

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

Botswana Copper/Silver Project Update

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 continue to be encouraged by the flow of strong assay results from our Botswana joint venture. The thick intersections of relatively high grade copper with significant silver are proving remarkably consistent, adding confidence to the possibility of an open-pit mine at T3.

To this end we support the commencement of metallurgical testwork and the appointment of a technical study manager to oversee a scoping study on the viability of the planned T3 Resource for open-pit mining.

We are highly encouraged with the continuing progress and professionalism of our Joint Venture partners in Botswana. The regular flow of news to market of late is demonstrable evidence of the progress being achieved.

Testing of other targets on the T3 Dome is an important step forward and it is of significance that the wider T3 area remains largely unexplored and is, in part, as geologically prospective as the ground which is currently the focus of drilling at T3.

Highlights:

Resource Programme Progress

• Assay results have been received for a further four diamond drill (DD) holes (MO-G-10D, MO-G-11D, MO-G-12D & MO-G-14D) within the Resource Programme area. The assays show wide intersections of 1-2% copper mineralisation and significant silver. The assay results for MO-G-13D are currently awaited.

• Significant downhole intersections include:

• MO-G-10D: 29m @ 1.8% Cu and 34g/t Ag from 112.0m

• MO-G-11D: 29m @ 1.8% Cu and 32g/t Ag from 112.0m

• MO-G-12D: 17.2m @ 1.4% Cu & 14g/t Ag from 103.9m

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

• The planned metallurgical drilling and test work programme will commence this month under the direction of the metallurgical consulting group, Independent Metallurgical Operations Pty Ltd (IMO). IMO will conduct the test work on a range of different sulphide ores from T3, from their base in Perth, Australia.

• MOD have appointed Mr Royce McAuslane as Study Manager for an open pit mine Scoping Study on the planned T3 Resource. It is envisaged that the scoping study would complete at the end of 2016, with a follow-up pre-feasibility study commencing in early 2017, should the results of the Scoping Study prove positive.

• Key results for latest down-hole intersections include:

• Hole MO-G-10D
• 16.5m @ 1.3% Cu & 23g/t Ag from 92.0m
• 29.0m @ 1.8% Cu and 34g/t Ag from 112.0m

• Hole MO-G-11D
• 29.0m @ 1.8% Cu & 32g/t Ag from 112.0m, including:
◦ 5.8m @ 2.6% Cu & 39g/t Ag from 119.0m; and
◦ 4.1m @ 3.8% Cu & 88g/t Ag from 136.9m
• 14.0m @ 0.73% Cu & 13g/t Ag from 159.0m

• Hole MO-G-12D
• 17.2m @ 1.4% Cu & 14g/t Ag from 103.9m, including:
◦ 7.5m @ 2.2% Cu & 26g/t Ag from 105.5m

• Hole MO-G-14D
• " 14.5m @ 1.0% Cu & 4g/t Ag from 87.5m

The four holes were designed to intersect the northerly dipping mineralisation at depth, and are orientated with a azimuth of 160deg and dip of 60deg. MO-G-010D reached a down hole depth of 170m, MO-G-11D reached 179m, MO-G-12D reached 158m and MO-G-14D reached 170m. 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.

T3 Prospect Expansion

• The fourth diamond drill rig has commenced testing targets outside of the current resource drilling area, these targets include; an induced polarisation (IP) geophysics chargeability anomaly 300m down dip from the deepest hole to date (MO-G-07D); an IP chargeability anomaly 1km south of current drilling; and a possible fault displacement of the target sequence 300m west of the resource area.

• The reverse circulation (RC) drilling rig continues to test the eastern 3km long copper/zinc anomaly, at a location approximately 3km east of the Resource drilling area.

• As part of the continuing T3 prospect expansion, further IP geophysics traverses are also planned this month to identify possible sulphide targets elsewhere on the T3 Dome.

Current Exploration Programme Plan

The Resource drilling programme at T3 is concentrating on the current 800m 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 planned programme currently consists a further 17 diamond core drill holes at 100m collar spacing (subject to assay results additional holes may be added to enlarge the Resource area envelope). Additional samples are to be taken to enable metallurgical testwork on the copper/silver mineralisation. The completion of the maiden Mineral Resource estimate for T3 is planned for Q3 2016.

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 section and tabulated assay data in their news release dated 6 July 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=5374452

Metal Tiger shares up on latest Botswana drill update
11:14 06 Jul 2016

Metal's chief executive Paul Johnson said: "We continue to be encouraged by the flow of strong assay results from our Botswana joint venture."



Metal Tiger PLC (LON:MTR) shares crept almost 5% higher as it welcomed further positive results from partner MOD Resources (ASX:MOD) on its Botswana Copper Belt prospect.

Following latest assays, Metal's chief executive Paul Johnson said: "We continue to be encouraged by the flow of strong assay results from our Botswana joint venture.

"The thick intersections of relatively high grade copper with significant silver are proving remarkably consistent, adding confidence to the possibility of an open-pit mine at T3."

Today's results come from the resource drilling programme at the potential target T3 and highlights included 29 metres (m) at 1.8% copper (Cu) and 34g/t silver (Ag) from 112 metres.

Another assay showed 29m 1.8% Cu and 32g/t Ag from 112m

The programme is concentrating on the current 800m strike length of the T3 deposit, delineating the upper (UZ) and lower (LZ) copper/silver mineralisation, from around 60m vertical depth to 200m depth.

A further 17 diamond core drill holes at 100m collar spacing are planned.

Johnson continued: "We support the commencement of metallurgical testwork and the appointment of a technical study manager to oversee a scoping study on the viability of the planned T3 Resource for open-pit mining.

"We are highly encouraged with the continuing progress and professionalism of our Joint Venture partners in Botswana. The regular flow of news to market of late is demonstrable evidence of the progress being achieved.

"Testing of other targets on the T3 Dome is an important step forward and it is of significance that the wider T3 area remains largely unexplored and is, in part, as geologically prospective as the ground which is currently the focus of drilling at T3."

Under the venture, MOD Resources has a 70% stake, while Metal Tiger has 30%

Giles Gwinnett

Cheap Gold Mines Disappear as Bullion Buyers Splurge
by Luzi-Ann Javier
June 29, 2016 — 11:00 PM BST
Updated on July 2, 2016 — 11:47 PM BST

• Asset premiums jump as number of deals reaches most since 2011

• China, an early acquirer, retains appetite for adding reserves

So much for the run on cheap gold mines. Producers who were forced by slumping prices to unload assets last year are regaining leverage.

With bullion off to its biggest rally to start a year in four decades -- aided by the U.K.’s vote to quit the EU -- mine buyers are paying higher premiums and the pace of deals is accelerating, data compiled by Bloomberg show. The value of reserves held by major producers has almost doubled since the third quarter of last year, according to Bloomberg Intelligence.

The revival comes after a three-year slump led to losses, rising debt and a fire sale of assets. With valuations dropping, private equity firms and companies including Zijin Mining Group Ltd. pounced. The number of acquisitions worth at least $1 million rose 14 percent last year to 192, the first increase since 2010, data compiled by Bloomberg show. But now investors are pouring money into gold funds, and prices are near the highest in more than two years, boosting premiums for available mining assets that are getting harder to find.

“Scarcity of high-quality targets, both producing and development-stage, is more of a factor than bargain-hunting,” said Michael Siperco, an analyst at Macquarie Capital Markets in Toronto. “We could see potential acquirers more willing to pull the trigger on transactions, given the improving near and longer-term macro environment for gold.”

The average premium paid on deals worth at least $1 million is about 42 percent in the current quarter, up from 29 percent in the first quarter, data compiled by Bloomberg show. The 63 deals pending or completed in the quarter are the most since the fourth quarter of 2011, the year that bullion surged to a record high of $1,921.17 an ounce.

Teranga Gold Corp., a Toronto-based producer, agreed on June 20 to buy Gryphon Minerals Ltd., based in Subiaco, Australia, at a premium of 53 percent, based on the closing price before the deal was announced. That compares with an estimated 33 percent premium given by Vancouver-based Goldcorp Inc., the world’s third most valuable gold miner, when it agreed in May to acquire Kaminak Gold Corp.

Gary Goldberg, the chief executive officer of Newmont Mining Corp., the largest U.S. bullion producer, said Thursday that the company is keeping an eye on acquisition opportunities.

Brexit Boost

Gold has rallied 24 percent this year, heading for the best first half of any year since 1974. Prices touched $1,358.54 on June 24, the day after a U.K. plebiscite showed a majority wanted to exit the EU, a vote dubbed Brexit, prompting investors to stock up on bullion as a haven as global equity markets plunged. Bullion for immediate delivery traded little changed at $1,320.59 at 11:27 a.m. in New York.

“Brexit has given gold deals even more of an advantage as gold surged, and the interest in gold continues to build momentum,” said Kenneth Hoffman, senior metals and mining analyst at Bloomberg Intelligence in Princeton, New Jersey.

Even before the so-called Brexit vote, valuations were improving. A gauge of 14 senior gold producers tracked by Bloomberg Intelligence has more than doubled this year. On average, their reserves were valued at $178.43 an ounce in the second quarter, the highest since the first quarter of 2013, data compiled by Bloomberg Intelligence show. In the third quarter last year, the average was $90.90.

Negative Rates

Investors have been flocking to gold this year amid signs that the U.S. will keep interest rates lower for longer than previously forecast. Those concerns were compounded after Brexit, when yields on more than $9 trillion of bonds slide below zero. That means anyone who buys debt today will lose money if they hold the bonds to maturity, which boosts the appeal of gold as a store of value as prices rise.

While the rally boosted the value of gold deposits, it also improved the cash flow available for mining companies looking to acquire assets. Chinese producers have already made $1.2 billion of deals in the quarter, the most in a year, according to data compiled by Bloomberg Intelligence.

“There’s competition for these assets,” Hoffman said. “The small miners tend to worry more about private equity. The large miners worry about China. The Chinese have really shown an appetite for gold deals, and so they could get themselves in the bidding wars.”

Chinese Buyers

Shandong Gold Mining Co. and Zhongjin Gold Corp. are among the potential bidders for Glencore Plc’s gold mine in Kazakhstan, according to people familiar with the matter. Glencore may be seeking about $2 billion for the asset, the people said, asking not to be named because the deliberations are private. Zijin Mining, one of China’s largest producers, may be interested in the Vasilkovskoye mine, which Glencore put on the auction block earlier this year, the people said.

About half of gold companies surveyed by Macquarie indicated they were now more inclined toward mergers and acquisitions than six months ago. The primary obstacles, according to two-thirds of respondents, were the availability of quality targets and high valuations.

“A lot of them missed opportunities to buy things on the cheap that were distressed when gold prices were lower,” said Dan Denbow, a portfolio manager at the USAA Precious Metals & Minerals Fund in San Antonio, which oversees $751 million. “If anybody was strategically looking at replacing exploration dollars by doing acquisitions, they would have been better off doing it when assets were much cheaper, six months ago. Now they’re having to pay for a bit of premium.”

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

Thailand Strategic Progress Update

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce that South East Asia Exploration and Mining (SEAM), the Companys 90% owned Joint Venture partner in Thailand has agreed an extension to the Standstill Letter Agreement (SLA) as originally announced on 11 April 2016.

The SLA is in respect of the Companys work to secure an interest in the Boh Yai and Song Toh Silver-Lead-Zinc mines within its exploration properties in Kanchanaburi province, Western Thailand (the Mines).

The Company has been undertaking extensive discussions with the existing owners to identify the optimal route to undertake mine permitting, rehabilitation and planning for re-commencement of production and the formulation of a commercial agreement that is fair and reasonable to all parties.

Our work with the existing owners has been highly productive and the parties have agreed a workable approach across all material elements of the proposed commercial agreement. It is pleasing to note that great care is being taken by all parties to ensure the agreement recognises the importance of thorough and diligent mine planning, with a full focus on environmental protection, and support for the communities engaged with the Mines.

The Directors of the Company believe that there is potential for the Mines to offer profitable production over an extended period particularly when considering the upside exploration potential and it is necessary to ensure that we adopt an optimal corporate structure post agreement. In order to finalise our collaborative work in this regard all parties have agreed a modest extension to the SLA until 20 August 2016.

It is prudent to note that until a commercial agreement has been signed and announced to the market there can be no certainty that a transaction will be finalised. However reflecting the progress achieved to date, and with the support of all parties, initial preparatory work for the mine permitting process will now commence and a further update will be provided outlining this work in due course.

Paul Johnson Chief Executive Officer of Metal Tiger commented:

We are pleased to confirm continuing progress with our work in Thailand. To date we have been impressed with the professionalism and diligence of the mine owners to secure a fair and reasonable commercial agreement. We look forward to finalisation of the corporate structure in the near term and reporting back to market on the pathway to re-commence production.

Our team in Thailand is expanding in line with the growth in opportunities and we are aiming to be the most significant junior company investor in Thai resource opportunities. To achieve this objective we will leverage off our extensive and growing project interests and the national geological database we are preparing.

Metal Tiger and our Joint Venture partners SEAM are absolutely focused on ensuring the work undertaken in-country is conducted in a safe, considerate and environmentally focused manner; with full respect and regard for the communities with whom we engage. We are investing in extensive environmental planning and community liaison to ensure this objective is achieved.

Metal Tiger is delighted to be investing in Thailand helping to further Thai resource exploration, development and production opportunities. Southeast Asia, with Thailand at the heart, offers tremendous opportunity for companies willing to engage in a respectful and diligent manner.

Further Thailand updates will follow shortly.

Note: when reviewing this announcement investors are advised to also review the Company's announcement dated 16 February 2016 which detailed the terms of Metal Tiger's acquisition of SEAM interests in Thailand and which provided the basis for Metal Tiger to enter into this SLA, through a 90% holding in the Thailand operational vehicle.

This SLA and the proposed commercial transaction being considered reflects a major step forward and will enable Metal Tiger to utilise the considerable project specific research and information gathered from SEAM's involvement with the mines over a number of years.

Specifically SEAM has secured Eight Special Prospecting Licence Applications ("SPLAs") surrounding the historical mining operations at the Boh Yai and Song Toh Silver-Lead-Zinc mines where historical Metallgesellschaft and German consultant records indicate over five million tonnes of crude ore was processed producing approximately 520,000 tonnes of concentrate to smelter over a 22 year period.

In addition, SEAM has created an exploration and mining database relating to the Boh Yai and Song Toh mines. This includes local/regional mapping, soil & rock chip sampling and three geophysics programs. Furthermore the dataset includes material utilised to produce an NI 43-101 resource and Preliminary Economic Assessment extending to mine planning, geology and micro mine files,economic modelling and conceptual tailings planning.

Considering the above and the longstanding working relationship with the mine owners, SEAM in conjunction with Metal Tiger is exceptionally well placed to assist permitting and mine rehabilitation.

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