Metal Tiger plc Director and Thai Competent Person Report update
May 02 2017 - 3:08AM
UK Regulatory
TIDMMTR
Metal Tiger Plc
("Metal Tiger" or the "Company")
Director and Thai Competent Person Report update
Metal Tiger (LON: MTR), the natural resources investing company
is pleased to announce that the Company has taken delivery of the
first draft PEA CPR relating to the Song-Toh and Boh Yai silver
lead zinc mines from SRK and is currently working with the SRK team
to enhance the project fundamentals and optimise the economics at
the PEA level.
The draft updated PEA CPR has provided the company with more
confidence with regard to the mineralisation interpretation, mine
schedule and project costs. The techno-economic work is also
highlighting areas for ongoing studies to increase revenue and cost
accuracy for any future studies. The Company will update the market
when the report is finalised.
Director update
With effect from 1st May 2017, Geoff McIntyre has stepped down
from his Executive post with Metal Tiger to become a Non-Executive
director of the Company. Geoff has been instrumental in helping
with the proposed Thai IPO and seeing as the IPO has significantly
progressed with the appropriate management having been put in place
for the spin out, Geoff and the Board believe it makes more sense
for a reduced time commitment. Geoff will be spending more time on
his personal business interests but will still make a very valuable
contribution to the ongoing success of Metal Tiger's interests. The
Board wishes Geoff every success with his personal ventures and
looks forward to working with him during his continued association
with the Company.
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly (Chief Tel: +44(0)20 7099 0738
Executive Officer)
Keith Springall (Finance Tel: +44 (0)207099 0738
Director
& Company Secretary)
Sean Wyndham-Quin Spark Advisory Partners Tel: +44 (0)
Neil Baldwin Limited 2033 683 555
(Nominated Adviser)
www.sparkadvisorypartners.com
Nick Emerson SI Capital Tel: +44 (0)1483 413 500
Andy Thacker (Joint Broker)
Andrew Monk VSA Capital Limited Tel: +44 (0)20 3005 5000
Andrew Raca (Joint Broker)
Gordon Poole Camarco Tel: +44 (0)203 757 4980
James Crothers (Financial PR)
Notes to Editors:
Metal Tiger plc is listed on the London Stock Exchange AIM
Market ("AIM") with the trading code MTR and invests in high
potential mineral projects with a precious and strategic metals
focus.
The Company's target is to deliver a very high return for
shareholders by investing in significantly undervalued and/or high
potential opportunities in the mineral exploration and development
sector timed to coincide, where possible, with a cyclical recovery
in the exploration and mining markets. The Company's key strategic
objective is to ensure the distribution to shareholders of major
returns achieved from disposals.
Metal Tiger's Metal Projects Division is focused on the
development of its key project interests in Botswana, Spain and
Thailand. In Botswana Metal Tiger has a growing interest in the
large and highly prospective Kalahari copper/silver belt. In Spain
Metal Tiger the Company has tungsten and gold interests in the
highly mineralised Extremadura region. In Thailand Metal Tiger has
expanding interests over licences, applications and critical
historical data covering antimony, copper, gold, silver, lead and
zinc opportunities.
The Company has access to a diverse pipeline of new
opportunities focused on the natural resource sector including
physical resource projects, new natural resource centred
technologies and resource sector related fintech opportunities.
Pipeline projects deemed commercially viable may be undertaken by
Metal Tiger or by an AIM or NEX Exchange (formerly ISDX) partner
with whom the Company is engaged.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20170502005664/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
May 02, 2017 03:08 ET (07:08 GMT)
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