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viewMetal Tiger Plc

Metal Tiger continues to turn Botswana assets to good account

Snapshot

  • Increased investment in Kalahari Copper Belt
  • Stake in T3 project sold to joint venture partner 
  • Good progress in 2019 after "transformational" 2018
copper

Quick facts: Metal Tiger Plc

Price: 1.25 GBX

AIM:MTR
Market: AIM
Market Cap: £19.49 m
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What Metal Tiger does:

Metal Tiger is an AIM-listed firm that invests in natural resources projects and companies.

Its direct equities division invests in natural resource companies listed on London’s junior market AIM, the Australian Stock Exchange and the Toronto Stock Exchange.

The direct projects division focuses on the development of key projects in Botswana, Spain and Thailand.

 

What it owns:

The company owns 59.81% of Kalahari Metals Ltd, which owns the Ngami and Okavango copper projects in Botswana.

Elsewhere, Metal Tiger has stakes in the Logrosán exploration gold and tungsten project in Spain and the Boh Yai silver-lead-zinc mine in Thailand.

 

What the CEO says:

“The sale of the T3 project has set the group up for potential future success through the group’s increased footprint in the highly prospective Kalahari Copper Belt, whilst eliminating the cash exposure associated with funding the development of the T3 project," said chief executive Michael McNeilly.

“We have continued to make good progress in 2019 across both our direct projects and direct equities divisions and look forward to further value realisation across our portfolio.”

On the group's increased exposure to the Kalahari Copper Belt, he said the project was "highly prospective and we are confident that continued exploration work in the region will potentially result in new, exciting copper discoveries.”

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Inflexion points:

  • The company's 30% stake in the T3 copper project was sold to MOD Resources Limited (LON:MOD) (ASX:MOD) in 2018 and MOD was in turn acquired by Sandfire in 2019
  • Metal Tiger now holds just over six million Sandfire shares.
  • Kalahari holds interests in 12 highly prospective exploration licences in the Kalahari Copper Belt.
  • Drilling on the Kalahari portfolio has encountered significant copper mineralisation
  • A drill programme at the Logrosán project has yielded five high-grade tungsten intersections as well as three high-grade gold intersections. The tungsten intersections had an average grade of 0.3% tungsten trioxide, compared to the typical grade of 0.1% for commercial tungsten deposits.
  • Gold intersections meanwhile, ranged between 9.7 grams per tonne (g/t) and 96.2 g/t

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Metal Tiger PLC is well funded with interesting projects and looking for more

Metal Tiger Plc (LON-MTR) CEO Michael McNeilly and Director Terry Grammer sat down with Steve Darling from Proactive Vancouver to discuss their portfolio of resource investments.  The London-based team also talked about their current trip to Canada and the possibility of adding more...

on 31/7/19

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