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Metal Tiger reports return of 625% on MOD Resources

Fri, 12th Aug 2016 15:50

(ShareCast News) - Strategic natural resources investor Metal Tiger announced an update on its investment in MOD Resources on Friday.The AIM-traded company currently holds 67,833,333 shares in the ASX-listed MOD, valued at present at AUD 3.26m based on Friday's closing price in Sydney of AUD 0.048.Metal Tiger also holds 29,166,666 warrants with an exercise price of AUD 0.01, expiring on 1 May 2018, and 1,541,667 warrants with an exercise price of $A0.06, expiring on 15 April 2019.The firm's paper margin at present on in-the-money warrants amounts to AUD 1.11m.Its board said the total value of its equity holdings in MOD, together with the paper margin on warrants is approximately £2.59m against an original total acquisition cost of £0.31m.Metal Tiger said it is therefore currently showing a paper gain of £2.27m on its investment, representing a return of circa 625% to date.The company also holds a 30% interest in 14 licences in the Kalahari Copper Belt in Botswana, in joint venture with MOD Resources.It said the venture is currently in an active exploration phase in Botswana, with assay results and general exploration updates now being provided to market on a regular basis.The project activities include resource drilling to enable the quantification of a maiden resource at the T3 project in the near term."We are pleased to confirm the valuation uplift in our holding in MOD Resources," said Metal Tiger CEO Paul Johnson."The uplift in the MOD Resources share price has been achieved through market recognition of the significant copper/silver discovery in Botswana announced earlier this year and the substantial flow of positive exploration data that has been published to the market thereafter."

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14 Nov 2016 11:09

Metal Tiger notes schedule-beating progress in Botswana

(ShareCast News) - Strategic natural resources investor Metal Tiger noted the MOD Resources announcement with regard to their joint venture at the Kalahari Copper Belt in Botswana on Monday. The AIM-traded firm has a 30% stake, alongside MOD's 70% stake in the project. MOD announced that it expects

10 Nov 2016 09:47

Metal Tiger And Greatland Gold Agree Australian Co-Operation

28 Oct 2016 14:20

Metal Tiger says testing for extensions underway in Botswana

(ShareCast News) - Investor in strategic natural resource opportunities Metal Tiger updated the market on Friday, with regard to the exploration programme at its joint venture project with partners MOD Resources in the Kalahari Copper Belt in Botswana. The AIM-traded firm said the potential for exte

10 Oct 2016 08:35

Metal Tiger undergoes serious restructure, announces new CEO

(ShareCast News) - Strategic natural resource investing company Metal Tiger announced an update on Monday, over its strategic plans and an associated board restructuring. The AIM-traded firm said its core strategic plan is centred around the acquisition of high potential mineral exploration and deve

10 Oct 2016 08:26

UPDATE: Metal Tiger Progresses Review, Looks At Cost Of T3 Discovery

4 Oct 2016 10:35

Metal Tiger shares fall on Botswana test results

(ShareCast News) - Strategic natural resources investing company Metal Tiger updated the market on Tuesday, over the exploration programme at its joint venture project with MOD Resources in the Kalahari Copper Belt in Botswana. The AIM-traded firm said preliminary metallurgical testwork results had

22 Sep 2016 09:57

Metal Tiger Ups Stake In "Oversold" Greatland Gold (ALLISS)

24 Aug 2016 12:08

Metal Tiger increases shareholding in Red Rock Resources

(ShareCast News) - Mineral project investor Metal Tiger has increased its shareholding in gold and iron ore explorer Red Rock Resources in a bid to capitalise on the recovering resource sector. Metal Tiger agreed to pay £100,000 to subscribe for 25m of the total 75m new ordinary shares issued by

22 Aug 2016 13:24

Metal Tiger notes intersections at Kalahari Copper Belt

(ShareCast News) - Metal Tiger said latest drill-programme results from its Kalahari Copper Belt joint venture in Botswana continue to show wide intersections of mineralisation, up to 42m in hole MO-G-28D. Chief executive Paul Johnston said that as the drilling element of the work was almost over, a

17 Aug 2016 15:38

Metal Tiger raises £1.1m in placing and subscription

(ShareCast News) - Strategic natural resource investor Metal Tiger advised the market on Wednesday that it has raised £1.1m through a placing and subscription of shares. The AIM-traded company said the placing and subscription of 28,571,428 new ordinary shares in Metal Tiger was at a subscription pr

15 Aug 2016 10:41

Metal Tiger posts promising copper data from Kalahari

(ShareCast News) - Strategic natural resource opportunities investor Metal Tiger updated the market on Monday, over the regional exploration results at its joint venture project with MOD Resources in Botswana's Kalahari Copper Belt. The AIM-traded firm said T2 - the first of the new copper anomalies

19 Jul 2016 09:43

Metal Tiger Increases Stake In Joint Venture Partner MOD Resources

13 Jul 2016 09:37

Metal Tiger Botswana copper venture increases in potential

(ShareCast News) - Metal Tiger said the potential for its Botswana joint venture to hold copper deposits had increased further after recent drilling tests. The company said soil sampling had found copper anomalies at several target areas. Metal Tiger chief executive Paul Johnson said the company's

13 Jul 2016 09:22

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