Posting of Annual Report and Notice of AGM. Metal Tiger plc, the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announces that it has today posted its Annual Report and Accounts for the year ended 31 December 2018 to shareholders, together with the notice of Annual General Meeting. Further to the Company’ s announcement...
Further investment of US $1.1 m in Kalahari Metals Limited. Metal Tiger plc, the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce a further US $1.1 m equity investment into Botswana focused explorer, Kalahari Metals Limited, in which Metal Tiger currently owns 50% of the issued share capital.
Metal Tiger Plc (MTR.L) Announced, in its audited results for the year ended 31 December 2018, that operating loss stood at £4.3 million, compared to an operating profit of £0.5 million posted in the preceding year. The company’s loss before tax stood at £3.9 million, compared to a profit of £0.3 million reported in the previous year. The basic loss per share stood at 0.28p, compared to a loss of 0.02p reported in the previous year. The company’s cash and cash equivalents stood at £1.8 million (2017: £2.8 million).
Audited results for the year ended 31 December 2018 and Notice of Annual General Meeting. Sale of the Group’ s 30 per cent. interest in the T3 Copper Project in Botswana to MOD Resources Limited for shares, options and royalty interests amounting to £16.8 million, generating a profit of £12.5 million. Increased interest in the Kalahari Copper Belt through a...
TR-1: Standard form for notification of major holdings.
Metal Tiger Plc (MTR.L) Announced an exploration update for Kalahari Metals Limited (KML) in which it owns 50% of the issued share capital. Following approval of the Environmental Management Plan (EMP) for KML’s Ngami Copper Project (NCP), by the Botswana Department of Environmental Affairs, gazetting of the EMP has now been completed, thereby allowing the commencement of diamond drilling at NCP. Further, KML has now completed its first stage of exploration expenditure, which, subject to change of control approval from the Ministry of Mines of Botswana, will result in KML being awarded a 51% shareholding in Triprop.
A drilling contract has been awarded to OreZone Drilling of Botswana, with mobilisation scheduled for the first week of June 2019. Pursuant to the earn-in agreement with Triprop Holdings Limited, KML has now completed its first stage of exploration expenditure, which, subject to change of control approval from the Ministry of Mines of Botswana, will result in...
RNS Number: 4985 Y Metal Tiger PLC 09 May 2019 Metal Tiger plc. Metal Tiger plc, the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announces the appointment of Arden Partners plc as joint broker to the Company with immediate effect.. Metal Tiger's Direct Projects division is focused on the development of its key project...
Botswana Copper/Silver Project– T3 Project& Regional Exploration Programme Plan. Metal Tiger plc, the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update on planned exploration work for the licence areas held in joint venture with MOD Resources Limited and for the 100% MOD held T3 Copper...
MOD Resources (MOD LN) 17.75p, Mkt cap £53.9m – Infill drilling at the T3 copper project Metal Tiger (MTR LN) 1.225p, Mkt Cap £19.1m – (Metal Tiger holds approximately 12.5% of MOD following the sale of its 30% interest in the T3 copper project in Botswana) • MOD Resources has released the second tranche of results from its infill drilling programme at its T3 copper project in Botswana. • The results of the infill programme are expected to be incorporated in an updated mineral resource estimate during the third quarter “when the Company expects to upgrade a significant proportion of production within the first two stages of the open pit into the higher confidence JORC compliant Measured Resource category. This may result in upgrading part of the current Probable Ore Reserve to the Proved Ore Reserve category”. • Among the results highlighted today are: o A 21m wide intersection averaging 1.5% copper and 30g/t silver from a depth of 118m in hole Mo-G-199D and including a higher grade section of 10m averaging 2.0% copper and 44g/t silver from 118m depth; and o A 26m wide intersection averaging 1.8% copper and 25g/t silver from a depth of 119m in hole Mo-G-200D and including a higher grade section of 6.4m averaging 4.6% copper and 75g/t silver from 120.6m depth; and o A 16.5m wide intersection averaging 1.8% copper and 18g/t silver from a depth of 83.5m in hole Mo-G-201D; and o An 11.4m wide intersection averaging 2.1% copper and 16g/t silver from a depth of 74.6m in hole Mo-G-203D; and o A 41.9m wide intersection averaging 1.4% copper and 25g/t silver from a depth of 82m in hole Mo-G-204D and including a higher grade section of 4.4m averaging 2.6% copper and 141g/t silver from 87m depth; and o A 16.m wide intersection averaging 1.9% copper and 26g/t silver from a depth of 117m in hole Mo-G-212D. • Commenting on the latest drilling, Managing Director, Julian Hanna, explained that “the infill drill program has successfully intersected wide, high-grade vein-hosted mineralisation whilst providing more clarity around the up-dip extent of mineralisation within the planned Stage 1 and 2 pit shells.” Conclusion: The infill drilling is continuing to deliver results which increase confidence in the early years of mining at T3. We look forward to an updated mineral resource estimate incorporating these results.
Metal Tiger Plc (MTR.L) Announced, in its Botswana Copper Silver Project T3 Infill Drilling results, that since the commencement of the infill drilling in January 2019, 49 of the planned 60 hole programme have been completed, with the remaining 11 holes expected to be completed by the end of the first half of 2019. Further, assay results having now been received for a total of 36 holes, with the results for the first 11 holes having previously been announced on 12 March 2019. The assay results for the second batch of 25 holes, support the expectation that a significant portion of the Mineral Resources can be upgraded to Measured Category.
Botswana Copper/Silver Project– T3 Infill Drilling Results. Metal Tiger plc, the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update on the infill drilling results at the T3 Copper Project, held 100% by MOD Resources Limited, in the Kalahari Copper Belt, Botswana. “We are pleased to report that...
Spain– Winter 2018/ 19 Work Programme Update& Drilling Results. Metal Tiger, the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update on the recent exploration activities of Logrosán Minerals Limited at its wholly owned Logrosán exploration project in Extremadura, Spain.
Metal Tiger Plc (MTR.L) Announced that Kalahari Metals Limited (KML), in which the company owns 50% of the issued share capital, has received notification that the Environmental Management Plan (EMP) for KML's Okavango Copper Project (OCP) has been reviewed and approved by the Botswana Department of Environmental Affairs (DEA), subject to a four-week public review period.
Kalahari Metals Limited– Environmental Permitting Update. Metal Tiger plc, the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that Kalahari Metals Limited, in which Metal Tiger owns 50% of the issued share capital, has received notification that the Environmental Management Plan for KML's...
Metal Tiger (MTR LN) 1.3p, Mkt cap £21m - Adding to its Botswana land position Metal Tiger reports that its 50% owned Kalahari Metals has agreed to acquire Kitlanya Limited, the owner of 5 recently granted exploration licences covering approximately 4.65km2 within the Kalahari Copper Belt of Botswana. Kalahari Metals was previously earning an interest in the licences but has now agreed to acquire the company "for US$700,000, satisfied by the issue of shares representing approximately 13.4% of KML". The transaction dilutes Metal Tiger's interest in Kalahari Metals to approximately 43.9%. The acquired licences increase Kalahari Metals' holdings in the area to approximately 8.59km2 and comprise the Kitlanya East and Kitlanya West project areas. As described, the Kitlanya licences appear to fit well with the existing Kalahari Metals interests in the area. Kitlanya West is located adjacent to the company's existing Ngami Copper Project while Kitlanya East is located close to MOD Resources' T3 copper project and s said to benefit from relatively thin overlying cover potentially making exploration easier and less costly. "Applications for environmental permits have been submitted to the Botswana Department of Environmental Affairs for both KIT-W and KIT-E, with a view to drill testing targets in the latter part of the 2019 field season" Conclusion: The acquisition of Kitlanya and its exploration licences appears to fit well with Kalahari metals' existing exploration holdings in the area where the success of MOD Resources, in particular at T3, is rejuvenating interest in the Kalahari Copper Belt.
Metal Tiger Plc (MTR.L) Announced that Kalahari Metals Limited ("KML"), in which the company owns 50.0% of the issued share capital, has entered into a binding agreement with Resource Exploration and Development Limited, to purchase 100% of Kitlanya Ltd. Post completion of the Acquisition, it's interest in KML will be diluted to approximately 43.9%. The Kitlanya licences comprise five recently granted exploration licences and cover approximately 4,651km2 of well-located exploration tenure in the prospective Kalahari Copper Belt. The Acquisition will increase KML's direct land position in the Kalahari Copper Belt to approximately 8,594km2. The Acquisition is conditional upon approval of the change of control of Kitlanya being granted by the authorities in Botswana and receipt of an updated letter of good standing for the licences. Further announcements will be made in due course. The company intends to provide further funding to KML to support its drilling in Q2 2019 and further announcements will be made as and when appropriate.
KML has completed US $100,000 of exploration works on the licences held by Kitlanya and will acquire 100% of Kitlanya for US $700,000, satisfied by the issue of shares representing approximately 13.4% of KML as enlarged by the Acquisition. The transaction will value KML, post completion of the Acquisition, at US $5,200,000. The Acquisition is conditional upon...
Metal Tiger, the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that it has agreed to issue 384,615 new ordinary shares of 0.01 p each in the capital of the Company in lieu of cash for professional services provided to the Company. The 384,615 Fee Shares are expected to be admitted to trading on AIM...
Metal Tiger (MTR.L) 1.4p £21.41m “Commencement of drilling at Pan Asia Metals Limited’s (“PAM”) wholly owned Reung Kiet Lithium Project ("RKLP") in Phang Nga Province, Thailand. Metal Tiger holds a 13.6% interest in PAM. The RKLP includes a historical pegmatite tin mine, where weathered pegmatite was mined until the limit of weathering, where the ground became too hard, reaching a depth of approximately 30m. The resulting historical pit measures around 450m long by 140m at its widest point, with the pegmatite body around 20m wide in the pit bottom. Previous investigations, conducted jointly by the Thai/British Geological Survey in the 1960s, have shown the pegmatite to be lithium bearing, with lepidolite mica thought to be evenly distributed throughout the pegmatite. The drill programme has commenced with initial confirmatory drill holes orientated to intersect the lepidolite pegmatite at around 20-30m below the historical pit floor. Depending on findings, it is intended that deeper drilling will then follow.”
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Company Profile

Metal Tiger Plc is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities.

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107 Cheapside
London
EC2V 6DN
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