TIDMMTR
10 July 2018
Metal Tiger plc
("Metal Tiger" or the "Company")
Kalahari Metals Limited - Exploration Commences with Airborne
Geophysics
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed
investor in strategic natural resource opportunities, is pleased to
provide an update regarding Kalahari Metals Limited ("KML")
exploration progress. KML holds interests in seven highly
prospective exploration licences covering 4,063km2 in the Kalahari
Copper Belt, consisting of two 100% owned exploration licences and
five exploration licences subject to a binding earn-in agreement
with Triprop Holdings (Pty) Limited ("Triprop"). Under an
investment agreement MTR have the right to acquire up to 50% of KML
(announced 6 June 2018) giving MTR further exposure to largely
unexplored ground, adjacent to significant recent discoveries in
the highly prospective Kalahari Copper Belt.
Highlights
-- Exploration programme commenced for Cu-Ag mineralisation on the
substantial KML landholding in the Kalahari Copperbelt in
Botswana.
-- Highly experienced New Resolution Geophysics ("NRG") contracted to
conduct airborne high resolution magnetic and electromagnetic
surveys
("AEM") on the prospective Okavango Project (Eastern Block) and
Ngami
Copper Project (Western Block) concessions.
-- Airborne high resolution magnetic and AEM surveys are part of a proven
cost-effective methodology for delineating copper mineralisation
on
the Kalahari Copper Belt.
-- Both airborne surveys scheduled to start in July with processed
results expected in September 2018.
-- Surveys will cover a total of 16,700 line-km of magnetics and 1,982
line-km of AEM.
-- Survey data will provide valuable information for mapping contacts
such as the prospective D'Kar and Ngwako Pan Formations and
prospective structural formations such as the T3 Dome and T20
Domes
associated with MTR's T3 joint venture project.
-- Survey will seek to delineate the extension of copper mineralised
contacts hosting neighbouring Cupric Canyon Capital's Zone 5
Deposit
(100.3 Mt @ 1.95% Cu & 20 g/t Ag), 5N and Zeta resources
into KML's
Okavango Project area.
-- Loci Environmental (PTY) Ltd the Botswana-based environmental
consultants have been engaged to prepare and obtain
environmental
permitting in anticipation of a follow-on exploration
drilling
programme.
Michael McNeilly, Chief Executive Officer of Metal Tiger plc,
commented:
"We are very pleased to announce the start of what will, not
doubt, be an exciting and hopefully rewarding exploration programme
over the two Kalahari Metals Limited Okavango and Ngami Copper
Projects in a world class copper region in Botswana.
With the Okavango Project located directly along strike from the
major Cupric Canyon Capital copper deposits and the Ngami Project
located to the north of our T3 Feasibility Stage joint venture
project; Metal Tiger enjoys very significant exposure to the
potential discovery of new copper and silver deposits.
We look forward to keeping our shareholders abreast of project
developments and results as work efficiently progresses".
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 who 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.
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Keith Springall (Finance Director & Tel: +44 (0)20 7099 0738
Company Secretary)
Stephen Allen or RFC Ambrian Ltd Tel +44 (0)20 3440 6800
Bhavesh Patel (Nominated Adviser)
Charlie Cryer RFC Ambrian Ltd Tel +44 (0)20 3440 6800
(Joint Broker)
Nick Emerson SI Capital (Joint Broker) Tel: +44 (0)1483 413 500
Gordon Poole Camarco Tel: +44 (0)20 3757 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,
the Company has tungsten and gold interests in the
highly-mineralised Extremadura region. In Thailand, Metal Tiger has
interests in two potentially near-production stage silver/lead/zinc
mines as well as 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:
https://www.businesswire.com/news/home/20180709005906/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
July 10, 2018 02:00 ET (06:00 GMT)
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