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#1

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/MTR/13541320.html


#2

7 February 2019
Metal Tiger plc

Kalahari Metals Limited - High-Resolution Geophysics Identifies Drill-Ready Targets

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding Kalahari Metals Limited’s (“KML”) copper-silver exploration progress.

Highlights

-- Drill-ready targets identified through Phase-2 high resolution aerial 

electromagnetic (“AEM”) and helicopter-borne magnetic geophysics
surveys over the Ngami Copper Project (“NCP”) and Okavango Copper
Project (“OCP”) licence areas, significantly advancing the exploration
potential of both projects.

-- Phase-2 geophysical surveys identified high-interest targets including 

‘dome style’ exploration targets, analogous to the MOD Resources
Limited (“MOD”) T3 Deposit (60Mt @ 0.98% Cu & 14 g/t Ag) (initially
identified in the Phase-1 AEM survey as announced on 31 October 2018).

-- Layered Earth ("LE") inversion modelling of the high-resolution data 

has identified compelling targets for follow-up:

At the NCP, three anticline fold-hinge (“dome”) targets are considered to be ready to be drill tested; and
At the OCP, the marker conductors associated with potentially mineralised contacts have been mapped from the Zone 5 (100 Mt @ 1.95% Cu & 19.9 g/t Ag) and Zone5 North (17 Mt @ 2.27% Cu & 43.4
g/t Ag) deposits, both held by Cupric Canyon Capital (“Cupric”), into the OCP licences with a prominent fold closure target considered drill ready.

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

"Theincreased resolution provided by the Phase-2 Airborne Electromagnetic and Magnetic survey data combined with Layered Earth inversion modelling has provided compelling structural and lithological targets for drill-testing.

We are actively reviewing KML’s proposed diamond and reverse circulation drilling targets against the strong likelihood of adding significant value to the project through drilling. KML is awaiting sign off or feedback on the Environmental Management Plan (“EMP”) shortly for the Ngami licence and further updates will be provided to shareholders in due course."

We recommend that readers also refer to the below linked version of this news release which includes informative images showing the geophysical interpretations:

https://www.metaltigerplc.com/kalahari-metals-limited-phase-2-airborne-geophysics-interpretation-update (Link not working as yet)

https://www.metaltigerplc.com/index.php/news/1291-kalahari-metals-limited-high-resolution-geophysics-identifies-drill-ready-targets


#3

Metal Tiger Plc

£1.0 million Placing
and
Non-binding term sheet signed with Sprott to raise up to an additional £3.0 million

"Metal Tiger (LON: MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce a placing (the “Placing”) with new and existing investors, to raise gross proceeds for the Company of approximately £1.0 million, through the issue of 70,010,345 new ordinary shares of 0.01p each in the capital of the Company (“Ordinary Shares”) (“Placing Shares”) at a price of 1.45p per share (the “Placing Price”). The Placing Price represents a premium to the middle market closing price on 8 February 2019.

The Company will also issue to participants in the Placing one warrant for every two Placing Shares subscribed for by them in the Placing (the “Warrants”). Each Warrant will entitle the holder to acquire one new Ordinary Share (a “Warrant Share”) on its exercise. Each Warrant will be exercisable at a price of 2p during a two-year period commencing from the date of admission of the Placing Shares and will be non-transferable.

The Placing was undertaken by the Company’s sole broker, SI Capital.

In addition to the Placing, the Company is pleased to announce that it has signed a non-binding term sheet with Sprott Capital Partners LP and certain of its affiliates (“Sprott”) (the “Sprott Term Sheet”). Sprott will act as finders on behalf of the Company in order to complete a non-brokered private placement to raise up to an additional approximately £3.0 million (the “Sprott Offering”) through the issue of new Ordinary Shares (“SprottOffering Shares”) at the Placing Price and the further issue to participants in the Sprott Offering of one warrant for every two Sprott Offering Shares subscribed for by them in the Sprott Offering (the “Sprott Warrants”). Each Sprott Warrant will entitle the holder to acquire one new Ordinary Share upon exercise of the Sprott Warrant in accordance with its terms (a “Sprott Warrant Share”). Each Sprott Warrant will be exercisable at a price of 2p during a two-year period commencing from the date of admission of the Sprott Offering Shares and will be non-transferable. The Sprott Offering is expected to close on or before 8 March 2019 (“Closing Date”) and is subject to the conditions as detailed below being satisfied.

Overview of the Placing:

-Placing of 70,010,345 Placing Shares at the Placing Price to raise gross proceeds of approximately £1.0 million;
-Issue of 35,005,172 Warrants to subscribe for 35,005,172 Warrant Shares at an exercise price of 2p per Warrant;
–Placing Price represents an approximate 11.5% premium to the middle market closing price on 8 February 2019, the last trading day prior to this announcement;
-Placing undertaken with new and existing Metal Tiger shareholders;
-Certain members of the board of directors of Metal Tiger (“Directors” and together the “Board”) and associates are participating in the Placing for, in aggregate, £210,000;
-The net proceeds of the Placing, together with existing cash resources, will be used, inter alia, to continue to support the Company’s joint venture projects with its partners, MOD Resources Limited (“MOD”) and Kalahari Metals Limited (“Kalahari Metals”), in the Kalahari Copper Belt in Botswana and to provide general working capital to the Company; and
-The Placing is not conditional on the completion of the Sprott Offering. "

Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:
“We are very pleased with the level of support we have received in respect of the Placing from new and existing investors.The Placing will enable Metal Tiger to, among other things, enter into constructive negotiations with Kalahari Metals, regarding the Company potentially providing further financing for proposed exploration drilling at the Okavango and Ngami projects.It will also allow us to continue to take advantage of opportunities that are identified by the Company.
We are also delighted to have entered into the Sprott Term Sheet to raise up to an additional approximately £3.0 million.Such additional funding will provide yet further support to our strategy and we look forward to updating shareholders in this regard.””

Further Details via Link Below
https://www.metaltigerplc.com/index.php/news/1292-10-million-placing-and-non-binding-term-sheet-signed-with-sprott-to-raise-up-to-an-additional-30-million-2019-02-11-113700


#4

15 February 2019
Metal Tiger Plc

Director Dealing

Metal Tiger plc (LON:MTR) announces that, on 14 February 2019, Mark Potter, Chief Investment Officer and Director, purchased, on market, 300,000 ordinary shares of 0.01p each in the Company (“Ordinary Shares”) at an average price of 1.27 pence per share.

Following this purchase, Mark Potter is interested in 6,300,000 Ordinary Shares, representing approximately 0.47% of the Company’s issued share capital.

https://www.metaltigerplc.com/index.php/news/1293-director-dealing-2019-02-15-070000


#5

7 March 2019
Metal Tiger plc

Kalahari Metals Limited – Exploration Update

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding Kalahari Metals Limited (“KML”) and the results from KML’s recently completed soil sampling programme together with KML’s re-interpretation of historical data, including magnetic, airborne electromagnetic (AEM) and drill data, over KML’s Kitlanya joint venture licence holding.

The results indicate compelling new targets for follow-up in both Kitlanya West (“KIT-W”) and Kitlanya East (“KIT-E”) (together the “Kitlanya Project”), as well as expanding on drill targets identified in KML’s Ngami Copper Project (“NCP”).

The Company is pleased to confirm that the recent work completed on the Kitlanya Project satisfies the first earn-in option for KML to acquire 25% of the Kitlanya Project from Resource Exploration and Development Limited (“RED”), as detailed in the Company’s announcement of 30 November 2018.

Highlights:

Re-interpretation of magnetic data in KIT-E introduces two new target areas as anticlinal structures rather than historically interpreted synclines. This is supported by historical soil sampling and drill data, effectively placing the prospective mineralised contact in a fold hinge setting at relatively shallow depths under thin cover. The northernmost target is situated 5km south of MOD Resources Limited’s (“MOD”) T3 deposit.
KML has recently completed 3,410 soil samples over KIT-E, which have returned anomalous lead and zinc domains with low concentration copper anomalies associated with the northernmost fold-hinge target. Results provide support for potential mineralisation in the fold structure.
Re-processing and inversion of historical AEM data over KIT-W has potentially identified three folded conductive ‘dome’ structures situated in the correct stratigraphy to host copper-silver mineralisation. These targets are considered excellent candidates for drill testing.
Re-analysis of a selection of historical soil samples from NCP, using low concentration partial digest TerraleachTM geochemistry, has identified a distinct zoned copper-lead-zinc anomaly associated with a priority fold-closure target from recent AEM interpretation.

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

“The results from recently completed soil sampling and re-interpretation of historical data over the Kitlanya Project has provided compelling targets for drill testing.

We are actively reviewing KML’s proposed diamond and reverse circulation drilling targets as they relate to this additional interpretation and hope to be able to drill targets at NCP in the near future as well as define drill targets at Kitlanya West and Kitlanya East. We look forward to keeping shareholders updated in this regard.”

We recommend that readers also refer to the version of this news release on the Metal Tiger website which includes informative images showing the geophysical interpretations.

https://www.metaltigerplc.com/index.php/news/1295-kalahari-metals-limited-exploration-update-2019-03-07-071800


#6

11 March 2019
Metal Tiger Plc

£2.0 million raised through Sprott Offering

Metal Tiger (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that, further to its announcement of 11 February 2019, the non-brokered private placement conducted by Sprott Capital Partners LP (“Sprott Capital”) and one of its affiliates, Sprott Global Resource Investments, Ltd, (together “Sprott”) (the “Sprott Offering”) has closed, raising gross proceeds of approximately £2.0 million via the issue of 137,162,552 new ordinary shares of 0.01p each in Metal Tiger (“Ordinary Shares”) (the “Placing Shares”) at a placing price of 1.45p per Sprott Share (the “Placing Price”). The Placing Price represents a premium to the middle market closing price on 8 March 2019.

Accordingly, the Company has raised total gross proceeds of, in aggregate, approximately £3.0 million from a combination of the £1.0 million placing announced on 11 February 2019 and the Sprott Offering (together the “Fundraising”).

Overview of the Sprott Offering
-Issue of 137,162,552 Placing Shares at the Placing Price to new and existing Metal Tiger shareholders, raising gross proceeds of approximately £2.0million
-Issue of 68,581,276 warrants to participants in the Sprott Offering to subscribe for 68,581,276 new Ordinary Shares (the “Sprott Investor Warrants”)
-The net proceeds of the Fundraising, together with existing cash resources, will be used, inter alia, to continue to support the Company’s joint venture projects with its partners, MOD Resources Limited and Kalahari Metals Limited, in the Kalahari Copper Belt in Botswana and to provide general working capital to the Company
-Further to the non-binding term sheet, Sprott has entered into finder agreements with the Company in relation to the Sprott Offering (the “Finder Agreements”), pursuant to which they will receive a 6% cash commission on the funds raised pursuant to the Sprott Offering (the “Commission”)
-Sprott Capital to be issued 9,629,960 warrants (“Advisory Warrants”) under an advisory agreement with the Company (the “Advisory Agreement”) for services related to the Fundraising
-Exploration Capital Partners 2014 Limited Partnership (“Exploration Capital”) has subscribed for 68,966,000 Placing Shares and will also receive 34,483,000 Sprott Investor Warrants pursuant to the Sprott Offering. On Admission (defined below), Exploration Capital will be interested in 206,361,942 Ordinary Shares, representing approximately 13.25% of the Company’s then enlarged share capital
-Mr Rick Rule, portfolio manager of Exploration Capital, has subscribed for 60,000,000 Placing Shares and will also receive 30,000,000 Sprott Investor Warrants pursuant to the Sprott Offering

Michael McNeilly Chief Executive Officer of Metal Tiger commented:
“We are delighted to announce the raising of approximately £2.0 million through the Sprott Offering.Sprott’s continued support together with that of our existing and new shareholders is a strong sign for the Company and emphasises not only the interest in the highly prospective Kalahari Copper Belt, a highly sought after Copper district, but also in Metal Tiger’s wider portfolio and management.”

More via link below:

https://www.metaltigerplc.com/index.php/news/1296-20-million-raised-through-sprott-offering-2019-03-11-070000


#7

Metal Tiger plc

Kalahari Metals Limited – Investment Update

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding Kalahari Metals Limited (“KML”).

Further to the Company’s announcements of 6 June 2018 and 31 October 2018, pursuant to the KML Investment Agreement, Metal Tiger has elected to exercise the Option to take its total shareholding in KML from 34% to 50% for a consideration of US$500,000.

Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:
“We are incredibly pleased with the work done to date by KML which has generated some compelling targets in the highly prospective Kalahari Copper Belt. As we now look to further de-risk the portfolio, we are in active discussions with the Board and shareholders of KML to determine the optimal path forward for financing drilling upon receipt of environmental permits.”

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


#8

Metal Tiger PLC

Botswana Copper/Silver Project – T3 Infill Drilling Results

Metal Tiger plc (AIM:MTR), 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 (“T3”), held 100% by MOD Resources Limited (“MOD”), in the Kalahari Copper Belt, Botswana.

Metal Tiger currently holds approximately 10.48% of the issued share capital of MOD.

T3 Infill Drilling Highlights
-An approximate 60 hole infill drilling programme commenced at T3 during January 2019. Infill drilling is within the boundaries of the first two stages of the proposed T3 open pit, with the objective of upgrading early production into the higher confidence, JORC compliant Measured Resource category.
-To date 25 holes have been completed utilising up to three drill rigs, with assay results being received for 11 holes.
-Remaining 35 infill drill holes are expected to be completed by the end of the first half of 2019. It is anticipated that the infill drilling programme will be completed after both the proposed T3 open pit Ore Reserve and the Feasibility Study, both of which remain on track for completion by the end of March 2019.
-Significant infill results include:
Hole MO-G-188D
31.50m @ 2.0% Cu and 36g/t Ag from 86m, including
10.0m @ 4.7% Cu & 98g/t Ag from 105m
Hole MO-G-191D
47.0m @ 0.9% Cu and 7g/t Ag from 89m, including
15.3m @ 1.6% Cu & 15g/t Ag from 104m
Hole MO-G-192D
13.7m @ 1.6% Cu and 6g/t Ag from 53m
33.0m @ 2.0% Cu and 14g/t Ag from 88m, including
16.0m @ 3.3% Cu & 36g/t Ag from 99m
Hole MO-G-193D
17.7m @ 1.4% Cu and 21g/t Ag from 98m, including
6.5m @ 2.5% Cu & 36g/t Ag from 108m
Hole MO-G-197D
22.0m @ 1.1% Cu and 10g/t Ag from 95m

Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:
“We are pleased to report the significant infill drilling intersections from MOD’s T3 project in Botswana. The infill drilling programme is expected to allow a significant portion of the Mineral Resource to be categorised as Measured, with these initial results also providing the prospect of increasing the current open pit Resource. Standout downhole intersections include 31.5 metres at 2% copper from 86 metres, including 10 metres at 4.7% copper from 105 metres, in hole MO-G-188D.
Based on MOD’s current projections the T3 feasibility study is expected to be completed by the end of March 2019, with the infill programme completing mid-year.”

More via link below:

https://www.metaltigerplc.com/index.php/news/1298-botswana-copper-silver-project-t3-infill-drilling-results-2019-03-12-070000


#9

TR-1: Standard form for notification of major holdings

Sprott have reduced their holding from 13.65% to 12.94%

https://www.metaltigerplc.com/index.php/news/1299-holdings-in-company-2019-03-12-090700


#10

25 March 2019
Metal Tiger PLC

Botswana Copper/Silver Project - T3 Open Pit Reserve Increased to 34.4Mt

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update on the substantial Ore Reserve upgrade for the T3 Copper Project (“T3”), held 100% by MOD Resources Limited (“MOD”), in the Kalahari Copper Belt, Botswana following MOD’s announcement earlier today. Metal Tiger currently holds approximately 10.48% of the issued share capital of MOD.

Highlights
· T3 open pit Ore Reserve increased to 34.4Mt at 1.0% Cu and 13.2 g/t Ag (JORC 2012 compliant).

· Ore Reserve contains 342.7Kt (approximately 756Mlbs) of copper and 14.6 Moz of silver. Ore Reserves were calculated using US$2.91/lb copper and US$16.81/oz silver price and average drill hole spacing of 50m.

o 61% increase in total tonnage compared with the Pre-Feasibility Study, announced January 2018.

o 57% increase in contained copper and 107% increase in contained silver.

· Open pit mine design in six stages, with 3Mtpa conventional processing plant, provides a life of mine (“LOM”) over 11 years, with a LOM stripping ratio of 5.7:1.

· T3 Feasibility Study (“FS”) on track for completion at end of March 2019.

· Infill drilling within the boundaries of the first two stages of the proposed T3 Copper Project open pit is currently ongoing. The 60-hole programme has the objective of upgrading early production into the higher confidence, JORC compliant Measured Resource category. Assay results for the first 11 infill holes were announced 12 March 2019.

"We are very pleased to report the significant JORC Compliant Ore Reserve upgrade for MOD’s proposed T3 Open Pit mine project in Botswana.

The upgrade constitutes a 61% increase in total tonnage compared with the Pre-Feasibility Study, with a corresponding 342.7Kt of copper and 14.6 Moz of silver, that should positively impact on the already strong project economics. We look forward to the findings of the T3 Feasibility Study which is expected to complete before the end of this month."

T3 Open Pit Ore Reserve
The Ore Reserve estimate (JORC 2102 compliant) uses modifying factors presented in the draft FS which is on schedule for completion by the end of March 2019. The FS team consists of independent external consultants and experienced MOD employees and contractors. The components of the FS yet to be completed are not considered to have a material impact on the Ore Reserve upgrade. All modifying factors used for the Ore Reserve are within the tolerances expected for a FS.

More via link below:
https://www.ii.co.uk/news/t3-open-pit-reserve-increased-to-344mt-rnsLSE20190325161236_14014854


#11

Metal Tiger PLC

Botswana Copper/Silver Project – T3 Feasibility Study Confirms High-Margin, Low-Capital Open Pit Copper Mine

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide the Feasibility Study (“FS”) results for the T3 Copper Project (“T3”), held 100% by MOD Resources Limited (“MOD”), in the Kalahari Copper Belt, Botswana following MOD’s announcement earlier today. Metal Tiger currently holds approximately 10.48% of the issued share capital of MOD.

Key T3 Copper Project Feasibility Study Findings

Strong Project Economics
Estimated LOM revenue of US$2.3 billion and EBITDA of US$1.1 billion.
NPV (pre-tax) of US$368m with IRR of 33% using long term US$3.08/lb Cu and 8% real discount rate.
Pre-tax free cashflows of US$777m, inclusive of development capital.
Payback 3.7 years from production start.
LOM All-In Sustaining Costs (AISC) of US$1.56/lb Cu after deducting silver credits.

T3 Funding Options
Expressions of Interest from numerous global, top-tier debt institutions, many have commenced preliminary due diligence and completed site visits.
MOD is advancing discussions with a number of potential strategic parties for non-debt funding.

Competitive Capital Intensity
Development capital of US$182m includes mine development, process plant and infrastructure.

Robust Project Parameters
Ore Reserve containing 342.7kt Cu and 14.6Moz Ag in the Probable category.
11.5-year mine life targeting first production Q1 2021.
Average open pit mine grade of 1.0% Cu and 13.2g/t Ag.
LOM average annual production of 28kt (61mlb) Cu in concentrate and 1.1Moz Ag
Averaging over 30kt (66mlb) Cu in the first 7 years of full production following ramp-up (2022 to 2028).

High Grade Concentrate Production
Average Cu concentrate grade 30.4% and 383g/t Ag, strong interest from metal traders and smelters.

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

“We are delighted to report on the findings of the MOD Feasibility Study for the T3 Open Pit mine project in Botswana.

The study demonstrates the strong project economics and a clear case towards project development with a relatively straightforward open pit mine and processing plant design.

We commend MOD and the feasibility team for delivering the study to an aggressive schedule and we look forward to supporting them as they progress the project forward towards a decision to mine.

The Feasibility Study findings continue to support the exploration of the surrounding joint venture holdings with the mine and plant design having built in optionality for bringing in new satellite deposits.”

This announcement coincides with MOD’s announcement earlier today which contains supportive images and can be viewed through the following link: https://www.asx.com.au/asx/share-price-research/company/MOD

https://www.metaltigerplc.com/index.php/news/1301-t3-feasibility-study-confirms-high-margin-low-capital-open-pit-copper-mine-2019-03-28-074000


#12

3 April 2019
Metal Tiger plc

Kalahari Metals Limited - Environmental Permitting Update

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that Kalahari Metals Limited (“KML”), in which Metal Tiger owns 50% of the issued share capital, has received notification that the Environmental Management Plan (“EMP”) for KML’s Ngami Copper Project (“NCP”) has been reviewed and approved by the Botswana Department of Environmental Affairs (“DEA”), subject to a four-week public review period.

The public review is the precursor to the EMP authorisation which, if granted, would allow diamond drilling to commence on three compelling targets within the NCP. Competitive drilling tenders have been received and KML is confident drilling will take place shortly after completion of the public review.

In addition, the EMP for KML’s Okavango Copper Project (“OCP”) has been resubmitted with clarifications following feedback from the DEA. KML views this as a significant step forwards, as KML went through the same clarificatory process with the DEA, prior to the approval of the EMP for NCP.

The EMPs for both the Kitlanya East and Kitlanya West projects have also been submitted to the DEA, following the identification of high priority new targets for investigation in both areas, as announced 7 March 2019.

Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:
“I am delighted by the continued support that the Botswana Department of Environmental Affairs has shown for the development of the KML portfolio, in which we see significant potential. The KML portfolio now includes a number of exciting geophysical and structural targets, which warrant further investigation by drilling. The anticipated drilling approvals for the Ngami Copper Project will commence an exciting new chapter for the Company and our shareholders, and we look forward to providing further updates in due course.”

More via link:

https://www.ii.co.uk/news/kalahari-metals-limited-environmental-permitting-rnsLSE20190403111322_14027314


#13

Metal Tiger plc

Pan Asia Metals – Commencement of Drilling Programme at Reung Kiet Lithium Project

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce the 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 per cent. 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.

Michael McNeilly, Chief Executive Officer of Metal Tiger commented:
“We strongly believe that the Reung Kiet Lithium Project has unique characteristics, with potentially one of the largest suites of lepidolite pegmatites in its global peer group. Through PAM’s drilling programme, we hope to realise the potential of the project and we look forward to updating shareholders as progress continues.”

More via link:

https://www.metaltigerplc.com/index.php/news/1305-pan-asia-metals-commencement-of-drilling-programme-at-reung-kiet-lithium-project-2019-04-04-070000


#14

Metal Tiger plc

Kalahari Metals Limited – Acquisition of Kitlanya Ltd

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that Kalahari Metals Limited (“KML”), in which Metal Tiger owns 50% of the issued share capital, has entered into a binding agreement with Resource Exploration and Development Limited (“RED”), to purchase 100% of Kitlanya Ltd (“Kitlanya”) (together with KML, the “Parties”) (the “Acquisition”).

Post completion of the Acquisition, Metal Tiger’s interest in KML will be diluted to approximately 43.9%.

Kitlanya is a 100% subsidiary of RED and was previously subject to an Earn-in Agreement between the Parties (as announced on 30 November 2018). The Parties have now agreed to terminate the Earn-in Agreement and have executed a conditional Share Purchase Agreement on similar terms. 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 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 five licences have been divided into two project areas, namely Kitlanya West (“KIT-W”) and Kitlanya East (“KIT-E”):

• KIT-E is notable for its thin Kalahari Group cover and proximity to known deposits such as MOD Resources’ T3 deposit. Targets include prospective anticlinal hinge zones identified from re- interpretation of historical magnetic data and drilling combined with recently collected airborne electromagnetic data (“AEM”) and soil samples

• KIT-W is situated adjacent to KML’s Ngami Copper Project in proximity to the basin margin. Re-processing and inversion of historical AEM data has identified three prominent conductive ‘dome’ targets for follow-up work

• 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

Metal Tiger intends to provide further funding to KML to support its drilling in Q2 2019 and further announcements will be made as and when appropriate.

Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:
“We are delighted that KML has reached an agreement to acquire Kitlanya, which will consolidate its highly prospective exploration interests in the Kalahari Copper Belt.We intend to demonstrate our continued support for KML and its activities in Botswana through the provision of further funding in due course.”

Project Background
KML holds interests in 12 highly prospective exploration licences covering a total area of 8,724km2 in the Kalahari Copper Belt, consisting of two 100% owned exploration licences, five exploration licences, subject to a binding earn-in agreement with Triprop Holdings (Pty) Limited, and five exploration licences subject to a conditional Acquisition agreement with RED.
Under an investment agreement, announced on 6 June 2018, Metal Tiger owns 50% of KML, providing Metal Tiger with further exposure to a largely unexplored area, adjacent to significant recent discoveries in the highly prospective Kalahari Copper Belt.

https://www.metaltigerplc.com/index.php/news/1307-kalahari-metals-limited-acquisition-of-kitlanya-ltd-2019-04-10-070800


#15

From earlier today:

Metal Tiger plc

Kalahari Metals Limited – Environmental Permitting Update

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that Kalahari Metals Limited (“KML”), in which Metal Tiger 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.

The public review is the precursor to the EMP authorisation which, if granted, would allow diamond drilling to commence on high priority targets within the OCP. Competitive drilling tenders have been received and KML is confident drilling will take place shortly after completion of the public review.

Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:
“I am delighted by the continued support that the Botswana Department of Environmental Affairs has shown for the development of the KML portfolio, in which we see significant potential. The KML portfolio now includes a number of exciting geophysical and structural targets across the highly prospective Kalahari Copper Belt, which warrant further investigation by drilling. The anticipated drilling approvals will commence an exciting new chapter for the Company and our shareholders, and we look forward to providing further updates in due course.”

Project Background
KML holds interests in 12 highly prospective exploration licences covering a total area of 8,594km2 in the Kalahari Copper Belt, consisting of two 100% owned exploration licences, five exploration licences, subject to a binding earn-in agreement with Triprop Holdings (Pty) Limited, and five exploration licences subject to a conditional acquisition agreement with Resource Exploration and Development Ltd.

Under an investment agreement, announced on 6 June 2018, Metal Tiger owns 50% of KML, providing Metal Tiger with further exposure to a largely unexplored area, adjacent to significant recent discoveries in the highly prospective Kalahari Copper Belt.

Competent Person’s Statement
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 and acts as the Competent Person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O’Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.
https://www.metaltigerplc.com/index.php/news/1308-kalahari-metals-limited-environmental-permitting-update-2019-04-15-070000


#16

Metal Tiger Plc

Spain – Winter 2018/19 Work Programme Update & Drilling Results

Metal Tiger (LON: MTR), 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 (“LML”) at its wholly owned Logrosán exploration project (“Logrosán” or the “Logrosán Project”) in Extremadura, Spain. The Logrosán Project is at an early exploration stage with confirmed gold and high grade tungsten targets. LML is a 50:50 joint venture (“JV”) between Metal Tiger and Mineral Exploration Network (Finland) Limited (“MEN Finland”).

Exploration work to date at the Logrosán Project has delineated at least eight specific targets which warrant further investigation. With broad mineralised targets qualified at near surface depths by geochemistry, geophysics, trenching and rotary air blast (RAB) drilling, the 2018/19 winter drilling programme comprised 12 diamond drill holes for a total 2,283m drilled (the “Reconnaissance Drill Programme”), with the objective of determining the potential extent and tenor of mineralisation at depth. An initial four targets were selected for the Reconnaissance Drill Programme (two gold targets, one tungsten and gold target and one tungsten target).

More via link:

https://www.metaltigerplc.com/index.php/news/1310-spain-winter-201819-work-programme-update-drilling-results-2019-04-25-111500


#17

Metal Tiger PLC

Botswana Copper/Silver Project – T3 Infill Drilling Results
29 April 2019, 07:00

"Metal Tiger plc (AIM:MTR), 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 (“T3”), held 100% by MOD Resources Limited (“MOD”), in the Kalahari Copper Belt, Botswana.

Since commencement of the infill drilling in January 2019, 49 of the planned 60 hole programme have now been completed, with the remaining 11 holes expected to be completed by the end of the first half of 2019.

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.

It is expected that these results will allow a significant proportion of the current Resource, modelled within the first two stages of open pit production, to be upgraded into the higher confidence JORC (2012) compliant Measured Resource category. Subject to the necessary test work, results may also permit upgrading part of the current Probable Ore Reserve to the Proved Ore Reserve category."

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

“We are pleased to report that the infill drilling at MOD’s T3 Project in Botswana continues to confirm both high grade copper and wide copper intersections within the planned T3 Open Pit in Botswana. The second batch of results continue to support the expectation that a significant portion of the Mineral Resource can be upgraded to the Measured Category, helping to further de-risk the attractive mining proposition.”

This announcement coincides with an update released today by MOD which can be viewed through the following link: https://www.asx.com.au/asx/share-price-research/company/MOD

More via link below:


#18

07 May 2019, 09:23Source - BUS
Metal Tiger plc

Botswana Copper/Silver Project – T3 Project & Regional Exploration Programme Plan

Metal Tiger plc (AIM:MTR), 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 (“JV”) with MOD Resources Limited (“MOD”) (30% Metal Tiger: 70% MOD) and for the 100% MOD held T3 Copper Project (“T3”), in the Kalahari Copper Belt, Botswana.

The planned work programmes are part of a proposed wider growth strategy to add substantial value by systematically building mineral resources in potential T3 satellite deposits, with the aim of building a pipeline of satellite mines to leverage planned T3 infrastructure and provide increased and supplementary production throughput to the planned T3 Processing Plant. MOD and their advisers continue to advance a range of funding options towards a decision to mine T3, with interested parties.

Planned high priority work targets include:
T20 Exploration Project (JV held), staged reverse circulation (“RC”) drilling and diamond core (“DD”) drilling at
T23 Dome, 100km west of T3. Follow-up drilling, nine RC and four DD holes, along 4km of T23 Dome, commencing early May 2019;
T3 Expansion Project (JV held)
A4 Prospect, on 5km long A4 Dome, located 8km from T3. Staged drilling, six RC and one DD holes, planned to build out from hole MO-A4-003D, which intersected 52m @ 1.5% Cu & 14g/t Ag from 232m, including 15.5m @ 2.9% Cu & 42g/t Ag from 269m (announced on 6 August 2018), with the aim of preliminary JORC Resource definition in second half of 2019.
Numerous potential drilling targets identified within 25km radius of planned T3 Open-Pit Processing Plant, from geophysical and geochemical survey anomalies; and
T3 Copper Project (100% MOD held)
Resource drilling for T3 Underground Project (below planned open-pit). Initial 16 DD holes, followed by further infill drilling, planned for JORC Resource definition, with work expected to commence early June 2019.
Further information on the planned work by target is detailed below.

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

“We are pleased to report the JV strategy to seek to add further value at T3 and our wider holdings in the Kalahari Copper Belt in Botswana. It is anticipated that this will be achieved through the planned exploration work as we seek to discover new copper deposits as well as through the delineation of additional JORC Resources from known prospects which offer the potential to provide throughput to the planned T3 Open-Pit Processing Plant.

We believe that further resource definition around the T3 project, as per today’s announced work programme, is an easy and low-risk opportunity to increase the value of Metal Tiger’s portfolio of assets in the Kalahari Copper Belt.”

This announcement coincides with an update released today by MOD which can be viewed through the following link: https://www.asx.com.au/asx/share-price-research/company/MOD

More via link below:

when it arrives


#19

09 May 2019
Metal Tiger plc

Appointment of joint broker
Metal Tiger plc (AIM:MTR), 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.

https://www.ii.co.uk/news/appointment-of-joint-broker-rnsLSE20190509092613_14067999


#20

Metal Tiger’s Kalahari Metals To Start Ngami Copper Drilling In June
from Alliance News | 23rd May 2019 10:47

Natural resources-focused investor Metal Tiger PLC said Thursday that Kalahari Metals Ltd will be able next month to begin diamond drilling at its Ngami copper project in Botswana.

Metal Tiger currently holds a a 50% interest in Kalahari Metals.

The planned start of drilling follows the approval of the environmental management plan for the project by the Botswanan Department of Environmental Affairs, as well as the gazetting of the plan.

A drilling contract has been awarded to mining services firm OreZone Drilling, with mobilisation scheduled for the first week of June.

The first phase of drilling has an initial 2,100 metres planned. It will test priority fold hinge targets at Ngami. Following this phase, the rig will be moved to Kalahari’s Okavango copper project, subject to approval of the environmental plan.

“With phase 1 drilling to commence in early June on three initial targets constituting prospective structural and geochemical anomalies, we are looking forward to moving the project up the value curve,” said Metal Tiger Chief Executive Officer Michael McNeilly.

“Intersecting the mineralised contact in these early stage exploration holes will provide support for the target generation methodology, which we believe will justify a more aggressive follow-on drill programme to fully evaluate the potential of each of the targets,” McNeilly added.

Shares in Metal Tiger were up 1.1% at 1.16 pence on Thursday.

https://www.ii.co.uk/news/metal-tigers-kalahari-metals-to-start-ngami-copper-drilling-in-june-al1558604830141259500