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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.
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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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21st Apr 2018 UK Investor Show 21st April 2018
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banjomick
- 07 Jul 2016 13:10
- 81 of 474
Metal Tiger handed more time to secure Thailand mine deal
11:45 07 Jul 2016
All parties have now agreed to extend that out to August 20 this year.
Resource investor Metal Tiger PLC (LON:MTR) has received more time to finalise securing an interest in the Boh Yai and Song Toh silver-lead mines in Kanchanaburi province, Thailand.
As reported in April, Metal paid $80,000 (£56,637) in cash plus $50,000 (£35,398) in shares to the mine owners for three months at performing due diligence on the mines and working out a formal joint venture agreement.
All parties have now agreed to extend that out to August 20 this year.
"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," said Metal.
"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."
South East Asia Exploration and Mining (SEAM) is the group's 90% owned joint venture partner in Thailand and Metal is in the process of buying out SEAM's Thai interests.
Giles Gwinnett
11:45 07 Jul 2016
All parties have now agreed to extend that out to August 20 this year.
Resource investor Metal Tiger PLC (LON:MTR) has received more time to finalise securing an interest in the Boh Yai and Song Toh silver-lead mines in Kanchanaburi province, Thailand.
As reported in April, Metal paid $80,000 (£56,637) in cash plus $50,000 (£35,398) in shares to the mine owners for three months at performing due diligence on the mines and working out a formal joint venture agreement.
All parties have now agreed to extend that out to August 20 this year.
"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," said Metal.
"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."
South East Asia Exploration and Mining (SEAM) is the group's 90% owned joint venture partner in Thailand and Metal is in the process of buying out SEAM's Thai interests.
Giles Gwinnett
banjomick
- 07 Jul 2016 15:01
- 82 of 474
MiningMaven Podcast No 30 with Paul Johnson CEO of Metal Tiger (LON:MTR)
Metal Tiger updated the market today with regard to strategic progress in Thailand and the Standstill Letter Agreement in respect of the Company’s 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 full announcement can be viewed here:
http://bit.ly/29yVya2
We caught up with CEO Paul Johnson today via Skype and he was happy to expand on this announcement. We hope you enjoy listening.
https://audioboom.com/boos/4793008-miningmaven-podcast-no-30-with-paul-johnson-ceo-of-metal-tiger-lon-mtr
Metal Tiger updated the market today with regard to strategic progress in Thailand and the Standstill Letter Agreement in respect of the Company’s 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 full announcement can be viewed here:
http://bit.ly/29yVya2
We caught up with CEO Paul Johnson today via Skype and he was happy to expand on this announcement. We hope you enjoy listening.
https://audioboom.com/boos/4793008-miningmaven-podcast-no-30-with-paul-johnson-ceo-of-metal-tiger-lon-mtr
geoffsh - 11 Jul 2016 02:05 - 83 of 474
http://www.asx.com.au/asxpdf/20160711/pdf/438h2gzxgbxvdk.pdf
Great results with lots more to come, so enjoyable watching a fantastic prospect develop into a fantastic resource.
Great results with lots more to come, so enjoyable watching a fantastic prospect develop into a fantastic resource.
banjomick
- 11 Jul 2016 09:13
- 84 of 474
Cheers Geoff &
11 July 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
Positive Botswana Assays and Resource Envelope Expansion
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. Please note that in the linked MOD announcement the results reported today for hole MO-G-14D should be disregarded; the single MO-G-14D intercept was correctly reported by MOD on 6 July 2016.
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 very happy to report another batch of strong copper intercepts from the resource drilling programme on our Botswana joint venture. Hole MO-G-16D has been especially exciting, being the strongest resource hole drilled to date, with an average 3.2% copper over 27.5m and almost 62m of significant copper mineralisation in total.
We also note that the results for MO-G-13D, the most easterly of the diamond holes yet drilled, points to mineralisation continuing to the east outside of the current resource drilling envelope which now measures 1km wide.
We look forward to reporting continuing progress from Botswana as further data becomes available.
Highlights:
Resource Programme Progress
• Assay results have been received for a further four diamond drill (DD) holes (MO-G-13D, MO-G-15D, MO-G-16D & MO-G-17D) within the Resource Programme area. Plus results for additional intercept in the upper levels of MO-G-12D, effectively doubling the mineralisation reported for this holes on 6 July 2016.
• Diamond drill hole MO-G-16D has provided the strongest copper intercepts of the Resource Programme to date, with 27.5m @ 3.2% Cu and 13g/t Ag from 134m including bornite veins yielding high grade assay of 0.8m @ 45.4% Cu and 119g/t and other positive assays between 4.9% and 8.7% Cu. If an arbitrary upper cut-off of 15% Cu is applied to this intersection, it becomes 27.5m @ 2.3% Cu and 13g/t Ag which still compares very favourably to other copper deposits on a global scale.
• MO-G-13D is the most easterly hole yet drilled in the current Resource Programme, its 16.8m @ 1.4% Cu and 5g/t Ag from 177m suggests that mineralisation is still open to the east. With the results from this hole the size of the resource area effectively increased from 800m to 1km across. Mineralisation also remains open down-dip.
• 23 DD holes have now been completed and 5 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.
• Key results for latest down-hole intersections include:
• Hole MO-G-12D
• 18.4m @ 1.4% Cu & 9g/t Ag from 68.0m (new interval)
• 17.2m @ 1.4% Cu & 14g/t Ag from 103.9m (reported 6 July 2016)
• Hole MO-G-13D
• 16.8m @ 1.4% Cu and 5g/t Ag from 176.8m
• Hole MO-G-15D
• 14.0m @ 1.3% Cu and 12g/t Ag from 87.0m
• 7.8m @ 0.8% Cu & 8g/t Ag from 119.6m
• Hole MO-G-16D
• 34.3m @ 1.2% Cu & 11g/t Ag from 87.7m, including:
◦ 5.0m @ 2.9% Cu & 49g/t Ag from 99.0m
• 27.5m @ 3.2% Cu & 13g/t Ag from 134.0m (or 27.5m @ 2.3% Cu & 13g/t Ag from 134.0m with the 45.4% Cu interval cut to 15% Cu)
• Hole MO-G-17D
• 10.0m @ 1.3% Cu & 6g/t Ag from 98.0m
• 18.0m @ 1.2% Cu & 8g/t Ag from 114.0m
All 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-012D reached a down hole depth of 158m, MO-G-13D reached 272m, MO-G-15D reached 167m, MO-G-16D reached 182m and MO-G-17D reached 182m.
There is good correlation of intercepts, thus continuity of mineralisation, between holes MO-G-15, MO-G-16D and MO-G-17D which 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.
T3 Prospect Expansion
The fourth diamond drill rig and the reverse circulation (RC) drilling rig continue to test the developing pipeline of anomalies elsewhere in the T3 Prospect area. These anomalies are being identified from the ongoing soil sampling and induced polarisation (IP) geophysics survey.
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 planned programme currently consists of a further 16 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.
For further information on the Company, visit: www.metaltigerplc.com:
http://www.moneyam.com/action/news/showArticle?id=5377079
11 July 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
Positive Botswana Assays and Resource Envelope Expansion
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. Please note that in the linked MOD announcement the results reported today for hole MO-G-14D should be disregarded; the single MO-G-14D intercept was correctly reported by MOD on 6 July 2016.
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 very happy to report another batch of strong copper intercepts from the resource drilling programme on our Botswana joint venture. Hole MO-G-16D has been especially exciting, being the strongest resource hole drilled to date, with an average 3.2% copper over 27.5m and almost 62m of significant copper mineralisation in total.
We also note that the results for MO-G-13D, the most easterly of the diamond holes yet drilled, points to mineralisation continuing to the east outside of the current resource drilling envelope which now measures 1km wide.
We look forward to reporting continuing progress from Botswana as further data becomes available.
Highlights:
Resource Programme Progress
• Assay results have been received for a further four diamond drill (DD) holes (MO-G-13D, MO-G-15D, MO-G-16D & MO-G-17D) within the Resource Programme area. Plus results for additional intercept in the upper levels of MO-G-12D, effectively doubling the mineralisation reported for this holes on 6 July 2016.
• Diamond drill hole MO-G-16D has provided the strongest copper intercepts of the Resource Programme to date, with 27.5m @ 3.2% Cu and 13g/t Ag from 134m including bornite veins yielding high grade assay of 0.8m @ 45.4% Cu and 119g/t and other positive assays between 4.9% and 8.7% Cu. If an arbitrary upper cut-off of 15% Cu is applied to this intersection, it becomes 27.5m @ 2.3% Cu and 13g/t Ag which still compares very favourably to other copper deposits on a global scale.
• MO-G-13D is the most easterly hole yet drilled in the current Resource Programme, its 16.8m @ 1.4% Cu and 5g/t Ag from 177m suggests that mineralisation is still open to the east. With the results from this hole the size of the resource area effectively increased from 800m to 1km across. Mineralisation also remains open down-dip.
• 23 DD holes have now been completed and 5 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.
• Key results for latest down-hole intersections include:
• Hole MO-G-12D
• 18.4m @ 1.4% Cu & 9g/t Ag from 68.0m (new interval)
• 17.2m @ 1.4% Cu & 14g/t Ag from 103.9m (reported 6 July 2016)
• Hole MO-G-13D
• 16.8m @ 1.4% Cu and 5g/t Ag from 176.8m
• Hole MO-G-15D
• 14.0m @ 1.3% Cu and 12g/t Ag from 87.0m
• 7.8m @ 0.8% Cu & 8g/t Ag from 119.6m
• Hole MO-G-16D
• 34.3m @ 1.2% Cu & 11g/t Ag from 87.7m, including:
◦ 5.0m @ 2.9% Cu & 49g/t Ag from 99.0m
• 27.5m @ 3.2% Cu & 13g/t Ag from 134.0m (or 27.5m @ 2.3% Cu & 13g/t Ag from 134.0m with the 45.4% Cu interval cut to 15% Cu)
• Hole MO-G-17D
• 10.0m @ 1.3% Cu & 6g/t Ag from 98.0m
• 18.0m @ 1.2% Cu & 8g/t Ag from 114.0m
All 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-012D reached a down hole depth of 158m, MO-G-13D reached 272m, MO-G-15D reached 167m, MO-G-16D reached 182m and MO-G-17D reached 182m.
There is good correlation of intercepts, thus continuity of mineralisation, between holes MO-G-15, MO-G-16D and MO-G-17D which 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.
T3 Prospect Expansion
The fourth diamond drill rig and the reverse circulation (RC) drilling rig continue to test the developing pipeline of anomalies elsewhere in the T3 Prospect area. These anomalies are being identified from the ongoing soil sampling and induced polarisation (IP) geophysics survey.
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 planned programme currently consists of a further 16 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.
For further information on the Company, visit: www.metaltigerplc.com:
http://www.moneyam.com/action/news/showArticle?id=5377079
banjomick
- 12 Jul 2016 07:46
- 85 of 474
12 July 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
STRATEGIC INVESTMENT IN KOLAR GOLD
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce that the Company is to make a strategic investment in Kolar Gold Limited (LON: KGLD) (Kolar Gold) which will see Kolar Gold with a restructured board of directors.
Highlights:
• Transaction subject to Kolar Gold shareholder approval at Extraordinary General Meeting to be held on 27 July 2016;
• Metal Tiger to invest 200,000 in cash to acquire 18,181,818 shares in Kolar Gold at a price of 1.1p per new ordinary share and equating to circa 9.4% of Kolar Gold shares in issue post placing;
• Metal Tiger to also receive 18,181,818 warrants to acquire new ordinary shares in Kolar Gold at an exercise price of 2.2p per new ordinary share exercisable at any time within 30 months of the placing shares being admitted to trading;
• Metal Tiger has entered into an option agreement for a fee of US$25,000 to acquire a further 9,000,000 existing Kolar Gold shares from its current largest shareholder, at a price of 3.5p per share exercisable on or before 7 March 2017. It is at Metal Tigers sole discretion to choose if it wants to exercise the option;
• Board restructuring to take place at Kolar Gold Metal Tigers inaugural CEO Cameron Parry, to step down from the board of Metal Tiger to take up the position of CEO of Kolar Gold, subject to the passing of the resolutions at the Kolar Gold GM to be held on 27 July 2016. Luke Cairns to join as the other Executive Director of Kolar Gold. Harvinder Hungin to remain Non-Executive Chairman, Steven Oke to remain Non-Executive Director and Vaidyanathan Sivakumar to step down as Non-executive director; and
• New board of Kolar Gold to launch an immediate operational review covering existing exploration interests and various pipeline acquisition opportunities that may be suitable for the Kolar Gold business.
Paul Johnson, Chief Executive Officer of Metal Tiger plc commented We are delighted to announce the investment in Kolar Gold which exposes Metal Tiger shareholders to equity and warrant upside in a clean resource operating company at a modest valuation given the recent resource sector apathy in the markets.
I can also confirm that Metal Tigers creator and former CEO, Cameron Parry, is stepping down from Metal Tigers board upon completion of the transaction to commit his drive and ability to generate shareholder value to a new vehicle. We accept this is necessary and whilst Cameron will continue to provide Metal Tiger with his input as a strategic consultant, Id like to take this opportunity to thank Cameron for establishing Metal Tiger and helping to generate the tremendous value Metal Tiger has delivered for shareholders.
With Cameron and new executive director Luke Cairns taking on the management of Kolar Gold, we are confident that Kolar Gold will keenly utilise its new managerial and financial resources to rapidly build shareholder value by maximizing its current project interests in India, whilst identifying new complementary opportunities to refresh the business model and reinvigorate the Company and its investors.
We are hugely excited by the opportunity afforded by our investment and Camerons involvement in Kolar Gold and we look forward to updating investors further on transaction completion.
Kolar Gold reported a loss before tax of 1,254,716 for the year ended 30.06.15 and unaudited net assets of 3,701,713 as at 31.12.15.
http://www.moneyam.com/action/news/showArticle?id=5377682
Metal Tiger Plc
("Metal Tiger" or the "Company")
STRATEGIC INVESTMENT IN KOLAR GOLD
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce that the Company is to make a strategic investment in Kolar Gold Limited (LON: KGLD) (Kolar Gold) which will see Kolar Gold with a restructured board of directors.
Highlights:
• Transaction subject to Kolar Gold shareholder approval at Extraordinary General Meeting to be held on 27 July 2016;
• Metal Tiger to invest 200,000 in cash to acquire 18,181,818 shares in Kolar Gold at a price of 1.1p per new ordinary share and equating to circa 9.4% of Kolar Gold shares in issue post placing;
• Metal Tiger to also receive 18,181,818 warrants to acquire new ordinary shares in Kolar Gold at an exercise price of 2.2p per new ordinary share exercisable at any time within 30 months of the placing shares being admitted to trading;
• Metal Tiger has entered into an option agreement for a fee of US$25,000 to acquire a further 9,000,000 existing Kolar Gold shares from its current largest shareholder, at a price of 3.5p per share exercisable on or before 7 March 2017. It is at Metal Tigers sole discretion to choose if it wants to exercise the option;
• Board restructuring to take place at Kolar Gold Metal Tigers inaugural CEO Cameron Parry, to step down from the board of Metal Tiger to take up the position of CEO of Kolar Gold, subject to the passing of the resolutions at the Kolar Gold GM to be held on 27 July 2016. Luke Cairns to join as the other Executive Director of Kolar Gold. Harvinder Hungin to remain Non-Executive Chairman, Steven Oke to remain Non-Executive Director and Vaidyanathan Sivakumar to step down as Non-executive director; and
• New board of Kolar Gold to launch an immediate operational review covering existing exploration interests and various pipeline acquisition opportunities that may be suitable for the Kolar Gold business.
Paul Johnson, Chief Executive Officer of Metal Tiger plc commented We are delighted to announce the investment in Kolar Gold which exposes Metal Tiger shareholders to equity and warrant upside in a clean resource operating company at a modest valuation given the recent resource sector apathy in the markets.
I can also confirm that Metal Tigers creator and former CEO, Cameron Parry, is stepping down from Metal Tigers board upon completion of the transaction to commit his drive and ability to generate shareholder value to a new vehicle. We accept this is necessary and whilst Cameron will continue to provide Metal Tiger with his input as a strategic consultant, Id like to take this opportunity to thank Cameron for establishing Metal Tiger and helping to generate the tremendous value Metal Tiger has delivered for shareholders.
With Cameron and new executive director Luke Cairns taking on the management of Kolar Gold, we are confident that Kolar Gold will keenly utilise its new managerial and financial resources to rapidly build shareholder value by maximizing its current project interests in India, whilst identifying new complementary opportunities to refresh the business model and reinvigorate the Company and its investors.
We are hugely excited by the opportunity afforded by our investment and Camerons involvement in Kolar Gold and we look forward to updating investors further on transaction completion.
Kolar Gold reported a loss before tax of 1,254,716 for the year ended 30.06.15 and unaudited net assets of 3,701,713 as at 31.12.15.
http://www.moneyam.com/action/news/showArticle?id=5377682
banjomick
- 13 Jul 2016 08:28
- 86 of 474
13 July 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
Regional Soil Sampling in Botswana Identifies New Copper Targets
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 regional exploration results 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).
Details of Technical highlights in respect of regional soil sampling results 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 exploration work 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
The potential of our Botswana JV Licences for holding as yet undiscovered copper deposits has increased further with the delineation of these soil geochemistry anomalies. The focussed strategy of identifying potential new deposits, by targeting regional scale structures identified from regional geophysics, with relatively low cost, soil sampling grids and RC drilling is paying off. The strategy worked to delineate the current T3 Resource Project and reportedly led to the discovery of MODS Mahumo deposit.
It is especially interesting to note that the T2 copper in soil anomalies outlined below are over three times higher than the 28ppm Cu anomalies that led to the discovery of T3.
We commend the progress that our partners are making in the search for new copper deposits across our holdings, and look forward to reporting further developments as these anomalies are tested.
Highlights:
Regional Exploration Programme Progress
• Several new copper anomalies have been identified from an ongoing regional soil sampling programme being conducted over the wider MOD/MTR JV licence holdings. This regional work is in addition to the ongoing resource drilling programme at T3.
• This soil geochemistry survey work focussed on the regional exploration targets T2, T9 and T10, which are located to the north of the T3 Resource Programme area.
• It is important to note that it was soil sampling that led to the discovery of both the T3 Resource target and the mineralisation drilled at T4 earlier this year. MOD also report that soil geochemistry led to the discovery of their 100% owned high-grade Mahumo copper/silver deposit.
• At T2, two strong copper in soil anomalies are outlined; ◦ T2-West, consists consistently high copper values up to 85ppm Cu over a circa 1.5km wide zone.
◦ T2-East, consists consistently high copper values up to 83ppm Cu over a circa 1.5km wide zone.
◦ T2-West is located 20km north of T3 and 3.5km west of the Mahumo deposit; T2-East is 20km north of T3 and 5.5km east of Mahumo. Both T2 anomalies are interpreted from magnetic geophysics survey data, to be associated with folding of the prospective Mahumo geological contact and are located directly along strike from the Mahumo deposit.
• The T2-West and T2-East soil anomalies will be investigated by reverse circulation (RC) drilling as soon as a RC drill rig becomes available.
• At T9 and T10, approximately 60km north of the T3 prospect, extensive copper soil anomalies coinciding with major regional structures have been identified. Investigation is ongoing.
Regional Exploration Programme
The Regional Exploration Programme is being conducted by two geological survey teams. One team is using the JVs fourth diamond drill rig and the reverse RC drilling rig to test soil sampling and induced polarisation (IP) geophysics anomalies already identified along the 25km-long T3 Dome as part of the T3 Prospect Expansion. Whilst the other team is conducting soil sampling along structural targets within the joint ventures extensive regional licence holdings.
Location
The MOD/MTR joint venture Botswana Copper/Silver Project is located on the Kalahari Copper Belt in northern Botswana. 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).
The exploration work is being managed on the ground, in accordance with JORC 2012 best practice, 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=5378547
Metal Tiger Plc
("Metal Tiger" or the "Company")
Regional Soil Sampling in Botswana Identifies New Copper Targets
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 regional exploration results 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).
Details of Technical highlights in respect of regional soil sampling results 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 exploration work 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
The potential of our Botswana JV Licences for holding as yet undiscovered copper deposits has increased further with the delineation of these soil geochemistry anomalies. The focussed strategy of identifying potential new deposits, by targeting regional scale structures identified from regional geophysics, with relatively low cost, soil sampling grids and RC drilling is paying off. The strategy worked to delineate the current T3 Resource Project and reportedly led to the discovery of MODS Mahumo deposit.
It is especially interesting to note that the T2 copper in soil anomalies outlined below are over three times higher than the 28ppm Cu anomalies that led to the discovery of T3.
We commend the progress that our partners are making in the search for new copper deposits across our holdings, and look forward to reporting further developments as these anomalies are tested.
Highlights:
Regional Exploration Programme Progress
• Several new copper anomalies have been identified from an ongoing regional soil sampling programme being conducted over the wider MOD/MTR JV licence holdings. This regional work is in addition to the ongoing resource drilling programme at T3.
• This soil geochemistry survey work focussed on the regional exploration targets T2, T9 and T10, which are located to the north of the T3 Resource Programme area.
• It is important to note that it was soil sampling that led to the discovery of both the T3 Resource target and the mineralisation drilled at T4 earlier this year. MOD also report that soil geochemistry led to the discovery of their 100% owned high-grade Mahumo copper/silver deposit.
• At T2, two strong copper in soil anomalies are outlined; ◦ T2-West, consists consistently high copper values up to 85ppm Cu over a circa 1.5km wide zone.
◦ T2-East, consists consistently high copper values up to 83ppm Cu over a circa 1.5km wide zone.
◦ T2-West is located 20km north of T3 and 3.5km west of the Mahumo deposit; T2-East is 20km north of T3 and 5.5km east of Mahumo. Both T2 anomalies are interpreted from magnetic geophysics survey data, to be associated with folding of the prospective Mahumo geological contact and are located directly along strike from the Mahumo deposit.
• The T2-West and T2-East soil anomalies will be investigated by reverse circulation (RC) drilling as soon as a RC drill rig becomes available.
• At T9 and T10, approximately 60km north of the T3 prospect, extensive copper soil anomalies coinciding with major regional structures have been identified. Investigation is ongoing.
Regional Exploration Programme
The Regional Exploration Programme is being conducted by two geological survey teams. One team is using the JVs fourth diamond drill rig and the reverse RC drilling rig to test soil sampling and induced polarisation (IP) geophysics anomalies already identified along the 25km-long T3 Dome as part of the T3 Prospect Expansion. Whilst the other team is conducting soil sampling along structural targets within the joint ventures extensive regional licence holdings.
Location
The MOD/MTR joint venture Botswana Copper/Silver Project is located on the Kalahari Copper Belt in northern Botswana. 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).
The exploration work is being managed on the ground, in accordance with JORC 2012 best practice, 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=5378547
banjomick
- 13 Jul 2016 11:37
- 87 of 474
Metal Tiger unearths more copper potential in Botswana
07:48 13 Jul 2016
“The potential of our Botswana JV Licences for holding as yet undiscovered copper deposits has increased further," Paul Johnson said.
Metal Tiger Plc (LON:MTR) has highlighted the latest exploration update from its 30% owned project in the Kalahari Copper Belt, Botswana.
Soil sampling has identified several copper anomalies. The work focussed on three target areas (referred to as T2, T9 and T10), all of which are located to the north of the more advanced T3 resource target.
The T3 mineralisation was unearthed by following the same soil sampling strategy, the company noted.
It gave further details about some of the newly identified areas, with both the T2-West and T2-East areas said to have shown consistently high copper values - each with more than a 1.5 kilometre strike zone.
The plan is to follow up in these areas with drilling as soon as a rig becomes available. Meanwhile investigations are ongoing for T9 and T10 which have been described as having “extensive copper soil anomalies coinciding with major regional structures”.
Paul Johnson, Metal Tiger chief executive, said: “The potential of our Botswana JV Licences for holding as yet undiscovered copper deposits has increased further with the delineation of these soil geochemistry anomalies.
“The focussed strategy of identifying potential new deposits, by targeting regional scale structures identified from regional geophysics, with relatively low cost, soil sampling grids and RC drilling is paying off.
“The strategy worked to delineate the current T3 Resource Project and reportedly led to the discovery of MOD’S Mahumo deposit.
“It is especially interesting to note that the T2 copper in soil anomalies outlined below are over three times higher than the 28ppm Cu anomalies that led to the discovery of T3.”
Metal Tiger has a 30% stake in the venture, alongside partner MOD Resources (ASX:MOD).
Jamie Ashcroft
07:48 13 Jul 2016
“The potential of our Botswana JV Licences for holding as yet undiscovered copper deposits has increased further," Paul Johnson said.
Metal Tiger Plc (LON:MTR) has highlighted the latest exploration update from its 30% owned project in the Kalahari Copper Belt, Botswana.
Soil sampling has identified several copper anomalies. The work focussed on three target areas (referred to as T2, T9 and T10), all of which are located to the north of the more advanced T3 resource target.
The T3 mineralisation was unearthed by following the same soil sampling strategy, the company noted.
It gave further details about some of the newly identified areas, with both the T2-West and T2-East areas said to have shown consistently high copper values - each with more than a 1.5 kilometre strike zone.
The plan is to follow up in these areas with drilling as soon as a rig becomes available. Meanwhile investigations are ongoing for T9 and T10 which have been described as having “extensive copper soil anomalies coinciding with major regional structures”.
Paul Johnson, Metal Tiger chief executive, said: “The potential of our Botswana JV Licences for holding as yet undiscovered copper deposits has increased further with the delineation of these soil geochemistry anomalies.
“The focussed strategy of identifying potential new deposits, by targeting regional scale structures identified from regional geophysics, with relatively low cost, soil sampling grids and RC drilling is paying off.
“The strategy worked to delineate the current T3 Resource Project and reportedly led to the discovery of MOD’S Mahumo deposit.
“It is especially interesting to note that the T2 copper in soil anomalies outlined below are over three times higher than the 28ppm Cu anomalies that led to the discovery of T3.”
Metal Tiger has a 30% stake in the venture, alongside partner MOD Resources (ASX:MOD).
Jamie Ashcroft
banjomick
- 13 Jul 2016 15:12
- 88 of 474
No sign of slowdown as Metal Tiger broadens network
11:06 13 Jul 2016
Kolar Gold is the latest to join a growing stable of junior mining investments
If mining company investor Metal Tiger plc (LON:MTR) has its timing right, in a few years time it will sitting out a raft of highly valuable global mining assets.
Among the juniors it has backed are Ariana Resources (LON:AAU), Eurasia Mining (LON:EUA), Kibo Mining (LON:KIBO) and ECR Minerals (LON:ECR).
India-focused Kolar Gold (LON:KGLD) has now just been added to that list.
Metal Tiger PLC (LON:MTR) is to take a 9.4% stake through an investment of £200,000 cash at 1.1p per share with a matching number of warrants exercisable at double that price.
Cameron Parry, Metal Tiger’s former chief executive, will become the chief executive of Kolar Gold. Luke Cairns will join as Kolar’s other executive director.
Through a stake in local company GMSI, Kolar has interests in a portfolio of gold permits and rights across India and also wants to revive the historic BGML mine that closed in 2001.
Progress has been stalled by the bureaucratic process in India but Paul Johnson, Metal Tiger's chief executive, is upbeat.
The new team will launch an operational review of the business as their first task.
“We are hugely excited by the opportunity afforded by our investment and Cameron’s involvement in Kolar Gold and we look forward to updating investors further on transaction completion.”
The investment was at a modest valuation that reflected recent resource sector apathy in the markets, he added.
And that has been the sentiment behind most of the recent activity.
Great start
Timing so far has also been nigh on faultless, starting from an exceptional start with one of its first investments, thermal power station developer Kibo Mining.
Johnson described the process to Proactive.
“We spent some time sorting out the business into the third quarter of 2014, but then we invested £150,000 in Kibo Mining at 1.5p.”
Within days it was trading up to an intra-day price of 12p. The team at Metal Tiger live and breathe the markets, and they weren’t going to miss an opportunity like that, even if there had been a strong element of luck in the timing.
So, in early January, only a couple of months later, Metal Tiger cashed out of its initial Kibo shares, crystallising what it called a “significant return” much of which was rolled back into Kibo via early conversion of 10mln 3p warrants that were attached to the original placing.
As with all the company’s major equity investments it retains a material stake in Kibo.
“The Kibo transaction gave us some working capital, and we wanted to reinvest it quickly and efficiently. We rolled some of the money into an investment in Eurasia Mining,” continued Johnson.
Profits re-invested
That generated another short-term profit to the tune of £180,000, most of which was then ploughed back into Eurasia through early warrant conversion, after production mining approvals were granted to Eurasia for its West Kytlim platinum mine in Russia.
Metal Tiger has also invested £250,000 in Ariana Resources, which is now breaking ground on the construction of a Turkish gold mine at the Kiziltepe project.
As they used to say on daytime top 40 radio, “and the hits just keep on coming”.
Moving into 2016, the company made a strategic investment into Australian Stock Exchange listed MOD Resources (ASX:MOD), its joint venture partner in Botswana.
It invested A$350,000 into the company, acquiring a 4.92% stake, at A$0.006 a share; at the time of writing the shares trade at A$0.0240, four times the price at which Metal Tiger bought in.
In February, it checked out of ECR Minerals, selling shares for £180,000 and banking a profit of £80,000, though it retains 500mln warrants that it can exercise at any time up until November 2018 at a price of 0.04p.
In the same month it acquired a 28.25% stake in ISDX-listed ZimNRG, paying £50,000 to grab 19mln shares.
Network starts to broaden
This was cited as the first step in the broadening of the network of interests in other publicly listed companies through transactions that gave Metal Tiger a significant proportionate holding.
Other irons in the fire include an option on a high grade silver-lead zinc mine a couple of hundred miles north west of Bangkok, where it has until August to thrash out an agreement.
Johnson said the company would also consider opportunities in other related sectors if the board considers there is an opportunity to generate an attractive return for shareholders.
This would include natural resource technologies and fintech opportunities offering leverage to resource identification, processing, recording, storage and trading businesses.
So, trying to guess where Metal Tiger will invest next has become a whole lot harder; far simpler to just invest in Metal Tiger and buckle up for the ride.
Philip Whiterow
11:06 13 Jul 2016
Kolar Gold is the latest to join a growing stable of junior mining investments
If mining company investor Metal Tiger plc (LON:MTR) has its timing right, in a few years time it will sitting out a raft of highly valuable global mining assets.
Among the juniors it has backed are Ariana Resources (LON:AAU), Eurasia Mining (LON:EUA), Kibo Mining (LON:KIBO) and ECR Minerals (LON:ECR).
India-focused Kolar Gold (LON:KGLD) has now just been added to that list.
Metal Tiger PLC (LON:MTR) is to take a 9.4% stake through an investment of £200,000 cash at 1.1p per share with a matching number of warrants exercisable at double that price.
Cameron Parry, Metal Tiger’s former chief executive, will become the chief executive of Kolar Gold. Luke Cairns will join as Kolar’s other executive director.
Through a stake in local company GMSI, Kolar has interests in a portfolio of gold permits and rights across India and also wants to revive the historic BGML mine that closed in 2001.
Progress has been stalled by the bureaucratic process in India but Paul Johnson, Metal Tiger's chief executive, is upbeat.
The new team will launch an operational review of the business as their first task.
“We are hugely excited by the opportunity afforded by our investment and Cameron’s involvement in Kolar Gold and we look forward to updating investors further on transaction completion.”
The investment was at a modest valuation that reflected recent resource sector apathy in the markets, he added.
And that has been the sentiment behind most of the recent activity.
Great start
Timing so far has also been nigh on faultless, starting from an exceptional start with one of its first investments, thermal power station developer Kibo Mining.
Johnson described the process to Proactive.
“We spent some time sorting out the business into the third quarter of 2014, but then we invested £150,000 in Kibo Mining at 1.5p.”
Within days it was trading up to an intra-day price of 12p. The team at Metal Tiger live and breathe the markets, and they weren’t going to miss an opportunity like that, even if there had been a strong element of luck in the timing.
So, in early January, only a couple of months later, Metal Tiger cashed out of its initial Kibo shares, crystallising what it called a “significant return” much of which was rolled back into Kibo via early conversion of 10mln 3p warrants that were attached to the original placing.
As with all the company’s major equity investments it retains a material stake in Kibo.
“The Kibo transaction gave us some working capital, and we wanted to reinvest it quickly and efficiently. We rolled some of the money into an investment in Eurasia Mining,” continued Johnson.
Profits re-invested
That generated another short-term profit to the tune of £180,000, most of which was then ploughed back into Eurasia through early warrant conversion, after production mining approvals were granted to Eurasia for its West Kytlim platinum mine in Russia.
Metal Tiger has also invested £250,000 in Ariana Resources, which is now breaking ground on the construction of a Turkish gold mine at the Kiziltepe project.
As they used to say on daytime top 40 radio, “and the hits just keep on coming”.
Moving into 2016, the company made a strategic investment into Australian Stock Exchange listed MOD Resources (ASX:MOD), its joint venture partner in Botswana.
It invested A$350,000 into the company, acquiring a 4.92% stake, at A$0.006 a share; at the time of writing the shares trade at A$0.0240, four times the price at which Metal Tiger bought in.
In February, it checked out of ECR Minerals, selling shares for £180,000 and banking a profit of £80,000, though it retains 500mln warrants that it can exercise at any time up until November 2018 at a price of 0.04p.
In the same month it acquired a 28.25% stake in ISDX-listed ZimNRG, paying £50,000 to grab 19mln shares.
Network starts to broaden
This was cited as the first step in the broadening of the network of interests in other publicly listed companies through transactions that gave Metal Tiger a significant proportionate holding.
Other irons in the fire include an option on a high grade silver-lead zinc mine a couple of hundred miles north west of Bangkok, where it has until August to thrash out an agreement.
Johnson said the company would also consider opportunities in other related sectors if the board considers there is an opportunity to generate an attractive return for shareholders.
This would include natural resource technologies and fintech opportunities offering leverage to resource identification, processing, recording, storage and trading businesses.
So, trying to guess where Metal Tiger will invest next has become a whole lot harder; far simpler to just invest in Metal Tiger and buckle up for the ride.
Philip Whiterow
banjomick
- 14 Jul 2016 10:16
- 89 of 474
Not sure when video of this event will be available but this Sold Out event takes place tonight:
Thursday 14th July 2016
Momentous Events SHOWTIME (Sponsored).
An evening totally FREE for Investors to come and network with their investments. FREE Entry and FREE Food and Drink.
Momentous Events SHOWTIME will run across 2 floors within ABO VIP Lounge at The O2. As seen with previous events the top floor will be the social networking arena. Investors can network and connect with their investments. A wide selection of listed companies will be attending the evening and companies will be added shortly.
EXCLUSIVE NEW EVENT FEATURE
The Momentous Show hosted by Justin Waite.
The show will involve a minimum of 4 guests / companies exclusively interviewed in front of a live forum of investors. The show will be recorded and available to view post the event.
Momentous is very pleased to have @metaltigerplc as a special guest company taking part in The Momentous Show
Where?
ALL BAR ONE ABO VIP LOUNGE,
Unit 2 The O2, Greenwich, London, Greater London, SE10 0DX
When?
Thursday 14th July 2016 Doors open 18:00pm, The Momentous Show will start around 18:30pm.
Who?
Private Investors new and old all welcome to attend.
Why?
To provide a totally FREE event for all Private Investors. Connecting investors from all over the UK with investors, brokers, PR companies, service providers and most of all the companies we invest in.
The event is designed to allow investors to network and socialise with their investments. The world is changing and social media is the way the modern day society like to communicate. Momentous Events brings investors together socially. We don't do the corporate presentations we bring investors together socially and for FREE.
http://www.momentousevents.uk/event.html
Thursday 14th July 2016
Momentous Events SHOWTIME (Sponsored).
An evening totally FREE for Investors to come and network with their investments. FREE Entry and FREE Food and Drink.
Momentous Events SHOWTIME will run across 2 floors within ABO VIP Lounge at The O2. As seen with previous events the top floor will be the social networking arena. Investors can network and connect with their investments. A wide selection of listed companies will be attending the evening and companies will be added shortly.
EXCLUSIVE NEW EVENT FEATURE
The Momentous Show hosted by Justin Waite.
The show will involve a minimum of 4 guests / companies exclusively interviewed in front of a live forum of investors. The show will be recorded and available to view post the event.
Momentous is very pleased to have @metaltigerplc as a special guest company taking part in The Momentous Show
Where?
ALL BAR ONE ABO VIP LOUNGE,
Unit 2 The O2, Greenwich, London, Greater London, SE10 0DX
When?
Thursday 14th July 2016 Doors open 18:00pm, The Momentous Show will start around 18:30pm.
Who?
Private Investors new and old all welcome to attend.
Why?
To provide a totally FREE event for all Private Investors. Connecting investors from all over the UK with investors, brokers, PR companies, service providers and most of all the companies we invest in.
The event is designed to allow investors to network and socialise with their investments. The world is changing and social media is the way the modern day society like to communicate. Momentous Events brings investors together socially. We don't do the corporate presentations we bring investors together socially and for FREE.
http://www.momentousevents.uk/event.html
banjomick
- 15 Jul 2016 16:19
- 90 of 474
Metal Tiger Corporate Presentation
Date added: 14/07/2016 15:24:49
http://www.metaltigerplc.com/index.php/investors/company-presentation/download?path=Metal_Tiger_Presentation%2BJuly%2B16%2Bweb.pdf
Date added: 14/07/2016 15:24:49
http://www.metaltigerplc.com/index.php/investors/company-presentation/download?path=Metal_Tiger_Presentation%2BJuly%2B16%2Bweb.pdf
banjomick
- 15 Jul 2016 16:23
- 91 of 474
In Conclusion
• Resource sector cyclical bottoming phase resource projects and
equities at best value in the resources cycle.
• High Potential Projects targeting the best opportunities for
prospectivity, commerciality, and upside potential.
• Undervalued Equities an ability to invest and trade in shares,
warrants and royalties.
• Pipeline of new opportunities in the background and moving forward
sourced from Board network and direct approaches.
• Seeking high growth rate to become a strong diversified resource
business in precious and strategic metals.
• Exit Strategy to deliver financial returns to shareholders by
distributions of material gains toward the peak of cycle.
July 2016
http://www.metaltigerplc.com/index.php/investors/company-presentation/download?path=Metal_Tiger_Presentation%2BJuly%2B16%2Bweb.pdf
• Resource sector cyclical bottoming phase resource projects and
equities at best value in the resources cycle.
• High Potential Projects targeting the best opportunities for
prospectivity, commerciality, and upside potential.
• Undervalued Equities an ability to invest and trade in shares,
warrants and royalties.
• Pipeline of new opportunities in the background and moving forward
sourced from Board network and direct approaches.
• Seeking high growth rate to become a strong diversified resource
business in precious and strategic metals.
• Exit Strategy to deliver financial returns to shareholders by
distributions of material gains toward the peak of cycle.
July 2016
http://www.metaltigerplc.com/index.php/investors/company-presentation/download?path=Metal_Tiger_Presentation%2BJuly%2B16%2Bweb.pdf
banjomick
- 19 Jul 2016 09:47
- 92 of 474
19 July 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
Participation in MOD Rights Issue
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce an additional investment into MOD Resources (ASX:MOD) through Company participation in the MOD rights issue.
Highlights:
• Metal Tiger acquires a further 6,166,667 new MOD shares at A$0.024 per share as part of MODs oversubscribed rights issue announced yesterday;
• Further investment totals A$148,000 which has been paid from MTRs exiting cash resources;
• Under the terms of MODs rights issue, Metal Tiger will also receive 1,541,667 options to subscribe for new shares in MOD at an exercise price of A$0.06 and exercisable until 15 April 2019;
• MTR now interested in 67,833,333 MOD shares or 4.76% of MOD Resources issued share capital;
• MTRs holding is valued at approximately A$1.93m (1.1m) as at MODs A$0.0285 closing share price on 18 July 2016.
• In addition Metal Tiger holds a total of 30,708,333 options as summarised below. As at todays date the 29,166,166 MOD A$0.01 options tranche are showing a paper profit exceeding 300,000 at current exchange rates.
Paul Johnson Chief Executive Officer of Metal Tiger commented:
We are delighted to participate in MODs rights issue which will provide MOD with circa an additional A$3 million (before costs) and the necessary working capital to continue proactive operations on the ground in Botswana.
We are pleased to date with the results of the drill campaign at T3 as well as the continued campaign to identify potential new deposits. Furthermore it is encouraging to note the continued shareholder support, from MOD and Metal Tiger shareholders alike, for our JV Project and in particular for the rapid advancement of T3.
We look forward to updating shareholders further in the near future.
Metal Tiger - MOD Resources Investment Summary
On 13th 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 to maintain its proportionate holding in MOD Resources.
Metal Tiger announces that it has today invested A$148,000.01 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. It is expected that the MOD shares will be allotted on 20 July 2016.
Note: for the financial year ended 31 December 2015 MOD Resources reported a net loss for the period of A$1,064,366 and a comprehensive net loss for the year of A$1,342,408 and total net assets of A$9,656,025.
For further information on the Company, visit: www.metaltigerplc.com:
http://www.moneyam.com/action/news/showArticle?id=5381712
Metal Tiger Plc
("Metal Tiger" or the "Company")
Participation in MOD Rights Issue
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce an additional investment into MOD Resources (ASX:MOD) through Company participation in the MOD rights issue.
Highlights:
• Metal Tiger acquires a further 6,166,667 new MOD shares at A$0.024 per share as part of MODs oversubscribed rights issue announced yesterday;
• Further investment totals A$148,000 which has been paid from MTRs exiting cash resources;
• Under the terms of MODs rights issue, Metal Tiger will also receive 1,541,667 options to subscribe for new shares in MOD at an exercise price of A$0.06 and exercisable until 15 April 2019;
• MTR now interested in 67,833,333 MOD shares or 4.76% of MOD Resources issued share capital;
• MTRs holding is valued at approximately A$1.93m (1.1m) as at MODs A$0.0285 closing share price on 18 July 2016.
• In addition Metal Tiger holds a total of 30,708,333 options as summarised below. As at todays date the 29,166,166 MOD A$0.01 options tranche are showing a paper profit exceeding 300,000 at current exchange rates.
Paul Johnson Chief Executive Officer of Metal Tiger commented:
We are delighted to participate in MODs rights issue which will provide MOD with circa an additional A$3 million (before costs) and the necessary working capital to continue proactive operations on the ground in Botswana.
We are pleased to date with the results of the drill campaign at T3 as well as the continued campaign to identify potential new deposits. Furthermore it is encouraging to note the continued shareholder support, from MOD and Metal Tiger shareholders alike, for our JV Project and in particular for the rapid advancement of T3.
We look forward to updating shareholders further in the near future.
Metal Tiger - MOD Resources Investment Summary
On 13th 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 to maintain its proportionate holding in MOD Resources.
Metal Tiger announces that it has today invested A$148,000.01 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. It is expected that the MOD shares will be allotted on 20 July 2016.
Note: for the financial year ended 31 December 2015 MOD Resources reported a net loss for the period of A$1,064,366 and a comprehensive net loss for the year of A$1,342,408 and total net assets of A$9,656,025.
For further information on the Company, visit: www.metaltigerplc.com:
http://www.moneyam.com/action/news/showArticle?id=5381712
banjomick
- 19 Jul 2016 15:50
- 93 of 474
19 July 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
Spanish Corporate Update – Issue of St Cristobal Licence
Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce the award of the San Cristóbal Exploration licence for the joint venture Logrosán Gold and Tungsten Project in Spain.
Highlights:
• San Cristóbal Exploration Licence (Permiso de Investigación No. 10C 10321-00) certificate has been received.
• The award of San Cristóbal brings the total area of prospective ground under exploration licence held by Logrosan Minerals Ltd to 278.5 Km2.
• The licence valid for 3 years to 18 June 2019 and covers area equivalent to 43.81 km2. It covers all of the Group C Minerals including Au, Ag, Pb, Zn, Sn, W, Pt and Cu. The only exclusion being coal and radioactive minerals.
• The San Cristóbal Licence area was selected as prospective based on the results of previous prospecting work conducted by the JV partners MEN (Finland) Ltd. This included 9,095 soil samples and 46 line kilometres of ground geophysics.
• Following the award of the licence the JV Exploration team are commencing a follow-up programme of geochemical sample analysis, with results expected to be available in the near-term.
Paul Johnson, Chief Executive Officer of Metal Tiger plc commented: “Metal Tiger is delighted to announce the formal award of the San Cristóbal Licence which adds materially to the portfolio of interests in this highly prospective multi-commodity district.
To date our Joint Venture partners have identified two potentially significant Tungsten deposits; and gold mineralisation across a number of areas within the licences. Further extensive and positive exploration work has recently been undertaken and we look forward to updating the market with the detailed outcome of this work in the near future.”
***Further Details Via Link Below***
http://www.metaltigerplc.com/index.php/investors/latest-news/873-spanish-corporate-update-issue-of-st-cristobal-licence-2016-07-19-121600
Metal Tiger Plc
("Metal Tiger" or the "Company")
Spanish Corporate Update – Issue of St Cristobal Licence
Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce the award of the San Cristóbal Exploration licence for the joint venture Logrosán Gold and Tungsten Project in Spain.
Highlights:
• San Cristóbal Exploration Licence (Permiso de Investigación No. 10C 10321-00) certificate has been received.
• The award of San Cristóbal brings the total area of prospective ground under exploration licence held by Logrosan Minerals Ltd to 278.5 Km2.
• The licence valid for 3 years to 18 June 2019 and covers area equivalent to 43.81 km2. It covers all of the Group C Minerals including Au, Ag, Pb, Zn, Sn, W, Pt and Cu. The only exclusion being coal and radioactive minerals.
• The San Cristóbal Licence area was selected as prospective based on the results of previous prospecting work conducted by the JV partners MEN (Finland) Ltd. This included 9,095 soil samples and 46 line kilometres of ground geophysics.
• Following the award of the licence the JV Exploration team are commencing a follow-up programme of geochemical sample analysis, with results expected to be available in the near-term.
Paul Johnson, Chief Executive Officer of Metal Tiger plc commented: “Metal Tiger is delighted to announce the formal award of the San Cristóbal Licence which adds materially to the portfolio of interests in this highly prospective multi-commodity district.
To date our Joint Venture partners have identified two potentially significant Tungsten deposits; and gold mineralisation across a number of areas within the licences. Further extensive and positive exploration work has recently been undertaken and we look forward to updating the market with the detailed outcome of this work in the near future.”
***Further Details Via Link Below***
http://www.metaltigerplc.com/index.php/investors/latest-news/873-spanish-corporate-update-issue-of-st-cristobal-licence-2016-07-19-121600
banjomick
- 22 Jul 2016 11:47
- 94 of 474
Video from the Thursday 14th July 2016 Momentous Events SHOWTIME evening where PJ did very well to cope with that what looked to be a very cringeworthy event!
Published on Jul 22, 2016
Momentous Events SHOWTIME Showcase and Networking Event held at The O2 ABO VIP Lounge London 14th July 2016. Interactive Interviews filmed LIVE in front of a LIVE audience of investors hosted by Justin Waite.
https://www.youtube.com/watch?v=bsaSqiTqL58&feature=youtu.be
Published on Jul 22, 2016
Momentous Events SHOWTIME Showcase and Networking Event held at The O2 ABO VIP Lounge London 14th July 2016. Interactive Interviews filmed LIVE in front of a LIVE audience of investors hosted by Justin Waite.
https://www.youtube.com/watch?v=bsaSqiTqL58&feature=youtu.be
banjomick
- 26 Jul 2016 09:54
- 95 of 474
26 July 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
Positive Botswana Assays and Resource Envelope Expansion
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. Please note that in the linked MOD announcement the 119.6m depth intersection for hole MO-G-20D should be disregarded; the intersections for this hole are correctly outlined in this news release.
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Paul Johnson Chief Executive Officer of Metal Tiger commented
With receipt of the latest batch of strong copper and silver intercepts a decision has been taken to extend the resource drilling area by a further 200m to encompass the potential for shallow copper in the south-west of the resource area. This enlargement has the potential to not only enlarge the targeted resource tonnage, but to improve potential economics by increasing the proportion of shallow copper resource.
The potential of the deposit has been further highlighted by the 6.2m @ 7.8% Cu & 209g/t Ag intersection reported in hole MO-G-20D; using current metal prices MOD has calculated a copper equivalent grade of 10.4% for this intersection. Given the geology of the deposit the potential of finding other grade veins remains strong.
Highlights:
• Assay results confirm significant copper and silver intersections for a further five diamond drill (DD) holes (MO-G-18D to MO-G-22D) within the Resource Programme area. Key intersections are outlined below.
• Diamond drill hole MO-G-20D has an especially noteworthy intersection of 6.2m @ 7.8% Cu & 209g/t Ag, within a wide, high grade intersection of 20.0m @ 3.2% Cu and 77g/t Ag from 130m downhole.
• Based on an interpretation of drilling results the Resource Programme area has been extended to the south-west to take account of the increased potential for building on shallow depth copper Resources in this area. The resource drilling area now measures 1km along strike and up to 600m across.
• The forth DD rig is currently drilling a 500m deep hole to test an Induced Polarisation (IP) geophysics target located circa 400m down dip, to the north of the current Resource Programme area.
• The T3 host sequence has been intersected by Reverse Circulation (RC) drilling 2km east of the T3 Resource Programme area. The first drill hole in this area, MO-G-29R, has intersected 3m @ 0.7% Cu and 9.3g/t Ag including 1m @ 4% Zn, providing encouragement for delineating further mineralisation in this area.
• The drill testing of the two strong Cu soil anomalies at T2 (announced 13 July 2016) 20km north of T3, as well as other priority regional targets, is scheduled to start early August.
• The metallurgical sample drill holes have been completed, the samples consisting a range of different sulphide ores, are being shipped to the consultants Independent Metallurgical Operations for test work in Perth. Preliminary results are expected October 2016.
Resource Programme Progress
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.
• Key results for latest down-hole intersections include:
• Hole MO-G-18D
• 30.4m @ 1.3% Cu & 23g/t Ag from 112.6m, including ◦ 5.5m @ 3.7% Cu & 71g/t Ag from 121.0m
• Hole MO-G-19D
• 10.3m @ 1.2% Cu & 3g/t Ag from 106.7m
• 16.0m @ 1.5% Cu & 22g/t Ag from 131.0m
• Hole MO-G-20D
• 8.0m @ 0.8% Cu & 3g/t Ag from 99.0m
• 20.0m @ 3.2% Cu & 77g/t Ag from 130.0m, including:
• 6.2m @ 7.8% Cu & 209g/t Ag from 136.5m
• Hole MO-G-21D
• 5.5m @ 1.2% Cu & 31g/t Ag from 155.5m
• 14.0m @ 1.4% Cu & 27g/t Ag from 164.0m
• Hole MO-G-22D
• 3.7m @ 1.9% Cu & 15g/t Ag from 168.0m
• 6.6m @ 1.3% Cu & 30g/t Ag from 205.0m (hole stopped in mineralisation)
All 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-018D reached a down hole depth of 182m, MO-G-19D reached 170m, MO-G-20D reached 185m, MO-G-21D reached 182m and MO-G-22D reached 212m.
Holes MO-G-018D to MO-G-021D are located on the same E-W profile at 100m spacing. MO-G-022D is located on the same section line as MO-G-021D, 100m to the north (down-dip).
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 and the reverse circulation drilling rig continue to test the developing pipeline of anomalies elsewhere in the T3 Prospect area. The DD rig is testing the potential for further deeper mineralisation located down-dip of the Resource Programme area whilst the RC rig has confirmed Cu/Ag/Zn mineralisation associated with the Cu soil anomalies 2km east of the resource drilling area.
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 planned programme has been enlarged on the basis of these most recent results, it currently consists of a further 36 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 26 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.
For further information on the Company, visit: www.metaltigerplc.com
http://www.moneyam.com/action/news/showArticle?id=5385538
Metal Tiger Plc
("Metal Tiger" or the "Company")
Positive Botswana Assays and Resource Envelope Expansion
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. Please note that in the linked MOD announcement the 119.6m depth intersection for hole MO-G-20D should be disregarded; the intersections for this hole are correctly outlined in this news release.
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Paul Johnson Chief Executive Officer of Metal Tiger commented
With receipt of the latest batch of strong copper and silver intercepts a decision has been taken to extend the resource drilling area by a further 200m to encompass the potential for shallow copper in the south-west of the resource area. This enlargement has the potential to not only enlarge the targeted resource tonnage, but to improve potential economics by increasing the proportion of shallow copper resource.
The potential of the deposit has been further highlighted by the 6.2m @ 7.8% Cu & 209g/t Ag intersection reported in hole MO-G-20D; using current metal prices MOD has calculated a copper equivalent grade of 10.4% for this intersection. Given the geology of the deposit the potential of finding other grade veins remains strong.
Highlights:
• Assay results confirm significant copper and silver intersections for a further five diamond drill (DD) holes (MO-G-18D to MO-G-22D) within the Resource Programme area. Key intersections are outlined below.
• Diamond drill hole MO-G-20D has an especially noteworthy intersection of 6.2m @ 7.8% Cu & 209g/t Ag, within a wide, high grade intersection of 20.0m @ 3.2% Cu and 77g/t Ag from 130m downhole.
• Based on an interpretation of drilling results the Resource Programme area has been extended to the south-west to take account of the increased potential for building on shallow depth copper Resources in this area. The resource drilling area now measures 1km along strike and up to 600m across.
• The forth DD rig is currently drilling a 500m deep hole to test an Induced Polarisation (IP) geophysics target located circa 400m down dip, to the north of the current Resource Programme area.
• The T3 host sequence has been intersected by Reverse Circulation (RC) drilling 2km east of the T3 Resource Programme area. The first drill hole in this area, MO-G-29R, has intersected 3m @ 0.7% Cu and 9.3g/t Ag including 1m @ 4% Zn, providing encouragement for delineating further mineralisation in this area.
• The drill testing of the two strong Cu soil anomalies at T2 (announced 13 July 2016) 20km north of T3, as well as other priority regional targets, is scheduled to start early August.
• The metallurgical sample drill holes have been completed, the samples consisting a range of different sulphide ores, are being shipped to the consultants Independent Metallurgical Operations for test work in Perth. Preliminary results are expected October 2016.
Resource Programme Progress
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.
• Key results for latest down-hole intersections include:
• Hole MO-G-18D
• 30.4m @ 1.3% Cu & 23g/t Ag from 112.6m, including ◦ 5.5m @ 3.7% Cu & 71g/t Ag from 121.0m
• Hole MO-G-19D
• 10.3m @ 1.2% Cu & 3g/t Ag from 106.7m
• 16.0m @ 1.5% Cu & 22g/t Ag from 131.0m
• Hole MO-G-20D
• 8.0m @ 0.8% Cu & 3g/t Ag from 99.0m
• 20.0m @ 3.2% Cu & 77g/t Ag from 130.0m, including:
• 6.2m @ 7.8% Cu & 209g/t Ag from 136.5m
• Hole MO-G-21D
• 5.5m @ 1.2% Cu & 31g/t Ag from 155.5m
• 14.0m @ 1.4% Cu & 27g/t Ag from 164.0m
• Hole MO-G-22D
• 3.7m @ 1.9% Cu & 15g/t Ag from 168.0m
• 6.6m @ 1.3% Cu & 30g/t Ag from 205.0m (hole stopped in mineralisation)
All 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-018D reached a down hole depth of 182m, MO-G-19D reached 170m, MO-G-20D reached 185m, MO-G-21D reached 182m and MO-G-22D reached 212m.
Holes MO-G-018D to MO-G-021D are located on the same E-W profile at 100m spacing. MO-G-022D is located on the same section line as MO-G-021D, 100m to the north (down-dip).
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 and the reverse circulation drilling rig continue to test the developing pipeline of anomalies elsewhere in the T3 Prospect area. The DD rig is testing the potential for further deeper mineralisation located down-dip of the Resource Programme area whilst the RC rig has confirmed Cu/Ag/Zn mineralisation associated with the Cu soil anomalies 2km east of the resource drilling area.
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 planned programme has been enlarged on the basis of these most recent results, it currently consists of a further 36 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 26 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.
For further information on the Company, visit: www.metaltigerplc.com
http://www.moneyam.com/action/news/showArticle?id=5385538
banjomick
- 26 Jul 2016 11:52
- 96 of 474
Metal Tiger boosted by latest Botswana drill results
09:09 26 Jul 2016
Partner MOD Resources is extending resource drilling at the copper joint venture in Botswana.
Partner MOD Resources (ASX:MOD) is extending resource drilling at the copper joint venture in Botswana, Metal Tiger Plc (LON:MTR) told investors after further strong assay results were reported.
Shares in Metal Tiger added 3.6% in early deals in London to stand at 3.60p.
Resource drilling at the main T3 target is concentrating on the current 1,000m strike length but the planned programme has been enlarged on the back of the most recent results.
Paul Johnson, Metal's chief executive, said: "With receipt of the latest batch of strong copper and silver intercepts a decision has been taken to extend the resource drilling area by a further 200m to encompass the potential for shallow copper in the south-west of the resource area.
"This enlargement has the potential to not only enlarge the targeted resource tonnage, but to improve potential economics by increasing the proportion of shallow copper resource."
Notably, one hole has shown 6.2m at 7.8% copper and 209g/t (grams per tonne) silver. Other highlights were 10.3 metres at 1.2% copper and 3g/t silver from 106.7m
There was also 5.5m at 1.2% copper and 31g/t silver from 155.5 metres.
Using current metal prices Metal said MOD had calculated a copper equivalent grade of 10.4% for this intersection.
"Given the geology of the deposit the potential of finding other grade veins remains strong," the firm added.
There are three diamond drill rigs now dedicated to resource drilling and the work is on track to complete a maiden resource in the third quarter of 2016.
Drill testing of the two strong Cu soil anomalies at T2, which were announced earlier this month, and lie 20km north of T3, as well as other priority regional targets, is scheduled to start early next month.
Meanwhile, metallurgical sample holes have been completed, with the samples consisting a range of different sulphide ores have been sent to consultants. Preliminary results are expected in October 2016.
Giles Gwinnett
09:09 26 Jul 2016
Partner MOD Resources is extending resource drilling at the copper joint venture in Botswana.
Partner MOD Resources (ASX:MOD) is extending resource drilling at the copper joint venture in Botswana, Metal Tiger Plc (LON:MTR) told investors after further strong assay results were reported.
Shares in Metal Tiger added 3.6% in early deals in London to stand at 3.60p.
Resource drilling at the main T3 target is concentrating on the current 1,000m strike length but the planned programme has been enlarged on the back of the most recent results.
Paul Johnson, Metal's chief executive, said: "With receipt of the latest batch of strong copper and silver intercepts a decision has been taken to extend the resource drilling area by a further 200m to encompass the potential for shallow copper in the south-west of the resource area.
"This enlargement has the potential to not only enlarge the targeted resource tonnage, but to improve potential economics by increasing the proportion of shallow copper resource."
Notably, one hole has shown 6.2m at 7.8% copper and 209g/t (grams per tonne) silver. Other highlights were 10.3 metres at 1.2% copper and 3g/t silver from 106.7m
There was also 5.5m at 1.2% copper and 31g/t silver from 155.5 metres.
Using current metal prices Metal said MOD had calculated a copper equivalent grade of 10.4% for this intersection.
"Given the geology of the deposit the potential of finding other grade veins remains strong," the firm added.
There are three diamond drill rigs now dedicated to resource drilling and the work is on track to complete a maiden resource in the third quarter of 2016.
Drill testing of the two strong Cu soil anomalies at T2, which were announced earlier this month, and lie 20km north of T3, as well as other priority regional targets, is scheduled to start early next month.
Meanwhile, metallurgical sample holes have been completed, with the samples consisting a range of different sulphide ores have been sent to consultants. Preliminary results are expected in October 2016.
Giles Gwinnett
banjomick
- 26 Jul 2016 20:33
- 97 of 474
Michael McNeilly and Paul Johnson, CEO of Metal Tiger Plc-Podcast
26th July 2016
LSE Share Talk speak to Michael McNeilly and Paul Johnson leading up to the Metal Tiger AGM being held on the 29th of July.
They provide an update on Thailand, Botswana and Spain following on from the Corporate Update released on the 19th of July.
19th Jul Spanish Corporate Update – Issue of St Cristobal Licence
http://www.lsesharetalk.com/share-news/michael-mcneilly-and-paul-johnson-ceo-of-metal-tiger-plc/
26th July 2016
LSE Share Talk speak to Michael McNeilly and Paul Johnson leading up to the Metal Tiger AGM being held on the 29th of July.
They provide an update on Thailand, Botswana and Spain following on from the Corporate Update released on the 19th of July.
19th Jul Spanish Corporate Update – Issue of St Cristobal Licence
http://www.lsesharetalk.com/share-news/michael-mcneilly-and-paul-johnson-ceo-of-metal-tiger-plc/
banjomick
- 29 Jul 2016 15:16
- 98 of 474
AGM Update and Statement
Metal Tiger (LON: MTR), the natural resources investing company is pleased to advise that at the AGM held at 10.30am on Friday 29 July 2016 all resolutions placed before the meeting were passed. Details of the resolutions are provided below for reference purposes.
In addition, following the passing of the resolutions, the following statement from Terry Grammer, Chairman of Metal Tiger, was released at the meeting:
I am pleased to attend the 2016 AGM of Metal Tiger which marks a highly significant period of activity for the Company.
When Metal Tiger was created in mid-2014 we were keen to utilise the vehicle as a means to identify outstanding opportunities in the mineral resource sector, with a view to creating significant returns for investors.
My own work in the mineral resource environment has shown how it is possible to secure substantial returns through the identification of underfunded and undervalued opportunities.
To do this you must have a contrarian perspective, and be willing to engage with exploration opportunities at a time when your investing peers would consider the mere prospect of investing in natural resources to be foolish and imprudent. If you share our passion for the mineral exploration and development sector, you will understand that your investing peers are not always right!
As Metal Tiger sits today we have major projects interests, valuable equity investments and a tremendous desire to continue to grow and advance our business.
In Botswana we have a substantial interest in a major copper-silver discovery. In Thailand we have diverse interests with our focus being a significant silver-lead-zinc mine and the prospect of metal production. And in Spain we are invested in a rapidly expanding business model which is yielding exploration data that drives us to expand our investments in-country.
Metal Tiger is becoming a diversified and robust resource investing business. Our market value has increased considerably since the last AGM with our investing performance outflanking many in the sector both in terms of innovation and returns. That said real returns are not generated in abstract, but through hard work, dedication and commitment. In this regard I thank the entire Metal Tiger team for their work ethic and results over the last year.
Most importantly thank you to all our shareholders who have been willing to support our business despite the challenges for resource investors during the difficult years of the sector downturn we have experienced.
A new natural resource sector dawn beckons - Metal Tiger is poised!
Resolutions Passed at the Metal Tiger plc Annual General Meeting, 29 July 2016 London
Resolution 1 - Receiving and Considering the Accounts
This is an ordinary resolution to receive and consider the financial statements of the Company for the period ended 31 December 2015 together with the report of the directors and the report of the auditors thereon.
Resolution 2 Re-appointment of Auditors
This resolution seeks to authorise the re-appointment of BDO Stoy Hayward LLP as auditors of the Company and to authorise the directors to determine their remuneration.
Resolutions 3 5 Re-appointment of Directors
The re-election of Mr Cameron Parry and Mr Paul Johnson, following role changes as announced on 8 February 2016, and Mr Alex Borrelli. Each of Mr Parry, Mr Johnson, and Mr Borrelli being eligible, offers themselves for re-election or election.
Note: further to the Company's announcement of 12 July 2016, following Mr Cameron Parry's election to the board of Kolar Gold as Chief Executive Officer, in order to comply with AIM rules, he has stepped down from the board of Metal Tiger plc as of 28 July 2016 and therefore the resolution to appoint Mr Parry was withdrawn at the AGM. For information and based on proxy votes received Mr Parry would have been re-elected.
Resolution 6 Directors Authority to Allot Shares
This is an ordinary resolution to grant the directors authority to allot and issue shares and grant rights to subscribe for shares in the Company for the purposes of section 551 of the Companies Act 2006 (Act) up to the maximum aggregate nominal amount of 100,000. This resolution replaces any existing authorities to issue shares in the Company and the authority under this resolution will expire at the conclusion of the next annual general meeting of the Company.
Resolution 7 Disapply Pre-emption Rights
This resolution seeks to disapply pre-emption rights up to a maximum aggregate nominal value of 100,000.
Resolution 8 Authorise electronic circulation of Documents
This resolution seeks to authorise the Company to send or supply documents or information to members electronically.
http://www.moneyam.com/action/news/showArticle?id=5388605
Metal Tiger (LON: MTR), the natural resources investing company is pleased to advise that at the AGM held at 10.30am on Friday 29 July 2016 all resolutions placed before the meeting were passed. Details of the resolutions are provided below for reference purposes.
In addition, following the passing of the resolutions, the following statement from Terry Grammer, Chairman of Metal Tiger, was released at the meeting:
I am pleased to attend the 2016 AGM of Metal Tiger which marks a highly significant period of activity for the Company.
When Metal Tiger was created in mid-2014 we were keen to utilise the vehicle as a means to identify outstanding opportunities in the mineral resource sector, with a view to creating significant returns for investors.
My own work in the mineral resource environment has shown how it is possible to secure substantial returns through the identification of underfunded and undervalued opportunities.
To do this you must have a contrarian perspective, and be willing to engage with exploration opportunities at a time when your investing peers would consider the mere prospect of investing in natural resources to be foolish and imprudent. If you share our passion for the mineral exploration and development sector, you will understand that your investing peers are not always right!
As Metal Tiger sits today we have major projects interests, valuable equity investments and a tremendous desire to continue to grow and advance our business.
In Botswana we have a substantial interest in a major copper-silver discovery. In Thailand we have diverse interests with our focus being a significant silver-lead-zinc mine and the prospect of metal production. And in Spain we are invested in a rapidly expanding business model which is yielding exploration data that drives us to expand our investments in-country.
Metal Tiger is becoming a diversified and robust resource investing business. Our market value has increased considerably since the last AGM with our investing performance outflanking many in the sector both in terms of innovation and returns. That said real returns are not generated in abstract, but through hard work, dedication and commitment. In this regard I thank the entire Metal Tiger team for their work ethic and results over the last year.
Most importantly thank you to all our shareholders who have been willing to support our business despite the challenges for resource investors during the difficult years of the sector downturn we have experienced.
A new natural resource sector dawn beckons - Metal Tiger is poised!
Resolutions Passed at the Metal Tiger plc Annual General Meeting, 29 July 2016 London
Resolution 1 - Receiving and Considering the Accounts
This is an ordinary resolution to receive and consider the financial statements of the Company for the period ended 31 December 2015 together with the report of the directors and the report of the auditors thereon.
Resolution 2 Re-appointment of Auditors
This resolution seeks to authorise the re-appointment of BDO Stoy Hayward LLP as auditors of the Company and to authorise the directors to determine their remuneration.
Resolutions 3 5 Re-appointment of Directors
The re-election of Mr Cameron Parry and Mr Paul Johnson, following role changes as announced on 8 February 2016, and Mr Alex Borrelli. Each of Mr Parry, Mr Johnson, and Mr Borrelli being eligible, offers themselves for re-election or election.
Note: further to the Company's announcement of 12 July 2016, following Mr Cameron Parry's election to the board of Kolar Gold as Chief Executive Officer, in order to comply with AIM rules, he has stepped down from the board of Metal Tiger plc as of 28 July 2016 and therefore the resolution to appoint Mr Parry was withdrawn at the AGM. For information and based on proxy votes received Mr Parry would have been re-elected.
Resolution 6 Directors Authority to Allot Shares
This is an ordinary resolution to grant the directors authority to allot and issue shares and grant rights to subscribe for shares in the Company for the purposes of section 551 of the Companies Act 2006 (Act) up to the maximum aggregate nominal amount of 100,000. This resolution replaces any existing authorities to issue shares in the Company and the authority under this resolution will expire at the conclusion of the next annual general meeting of the Company.
Resolution 7 Disapply Pre-emption Rights
This resolution seeks to disapply pre-emption rights up to a maximum aggregate nominal value of 100,000.
Resolution 8 Authorise electronic circulation of Documents
This resolution seeks to authorise the Company to send or supply documents or information to members electronically.
http://www.moneyam.com/action/news/showArticle?id=5388605
banjomick
- 31 Jul 2016 12:06
- 99 of 474
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
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
banjomick
- 01 Aug 2016 21:35
- 100 of 474
***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
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
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