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Kalahari Metals Limited / Cobre Limited Update
6 April 2021

Metal Tiger plc

("Metal Tiger" or the "Company")

Kalahari Metals Limited / Cobre Limited Update

Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to note that further the announcement of 15 December 2020, at an extraordinary general meeting of Cobre Limited (“Cobre”) today, Cobre shareholders approved the resolutions relating to the Transaction, satisfying one of the key conditions to completion of the Transaction. All conditions to the Transaction have now been satisfied, save for final receipt of the change in control approval from the Minister of Mineral, Energy and Water Resources of the Republic of Botswana (the “Botswana Consent”). The Botswana Consent were received by Cobre, however, corrections were required and these corrections have been requested and are expected back in the next few weeks.

Metal Tiger currently has a 62.17% equity interest in Kalahari Metals Limited (“KML”). As announced on 15 December 2020, pursuant to the Share Purchase Agreement entered into with Cobre, following completion of the Transaction, Metal Tiger will own a 59.57% economic interest in KML (comprising a 49% direct interest and a 20.72% interest in Cobre, which, in turn, will have a 51% interest in KML).

The first technical committee meeting has already been held and proposed drill targets and budgets have been prepared for consideration by KML joint venture committee. Metal Tiger will provide an update will be provided to shareholders once plans and budgets have been formally approved and drill contracts have been awarded. It is anticipated that this will happen imminently and both parties are using best efforts to ensure that closing matters and relevant transfers are done as quickly as possible to ensure that drilling can commence as soon as possible.

The Company notes Cobre’s several press releases from today, including the results of the extraordinary general meeting.

https://www.investegate.co.uk/metal-tiger-plc--mtr-/bus/kalahari-metals-limited---cobre-limited-update/20210406094200Z4604/

$LCL
Tesorito Gold porphyry drilling delivers 582m @ 0.94g/t gold
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02360628
...........................
Los Cerros Managing Director, Jason Stirbinskis added:
“On a gram.metre basis TS-DH16 is the best hole ever recorded in the entire Quinchia district and has
raised exciting questions about the potential scale of this gold system. The near surface (first 411m of
this hole) has expanded to the south-west the modelled gold envelopes described by the high grade
intercepts reported in the TS-DH02, ’14, ’11, ’15 drill fence and mineralisation still remains open to the
south west. Follow-up drilling will further explore this region of relatively sparse data. The Company will
offer further detail on interpretation of the porphyry suite intercepted below and south-west of the fault
in coming weeks as we assimilate new drill data as it arrives.”
Assays remain pending for an additional four completed holes at Tesorito South (TS-DH17, 18, 20 and
21) all of which tested the lateral and depth extensions of the porphyry system. Tesorito South is
developing into an exciting addition to the mid-Cauca porphyry belt which hosts many multi-million
ounce gold porphyry discoveries

Kalahari Copper Belt Botswana Presentation
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02360493
...........................
Chairman's Address to Shareholders
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02360672

courtesy of chrisjparrish
@chrisjparrish 10 mins

$SFR
@SandfireResLtd
still drilling at A4 Dome in the #Kalahari #Copperbelt. New step out to the N on the E side of the grid plus continuing work to the W end. News on assays overdue. Hard to stop drilling with so much #Copper around! #MTR $MTR.L have 2% NSR here.

https://twitter.com/i/status/1379181300184182792

(Cameroon focused Victoria Oil and Gas announces corporate and operational update) has been published on Energy News | Oil and Gas News

https://t.co/sP2TKThfMy?amp=1

Roskill says it's a very 'exciting and dynamic time for the copper market'
@Katie_Proactive

https://www.proactiveinvestors.co.uk/companies/news/945189/roskill-says-it-s-a-very--exciting-and-dynamic-time-for-the-copper-market--945189.html

VOG up 30% + on good Volume 10 times Avg = +3M

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00BRWR3752GBGBXAMSM.html?lang=en

Roy Kelly, Chief Executive of the Company, commented:

” We are very pleased at the significant progress that we have made as a company over the course of the past few months on a number of corporate and operational fronts. The company now has a well stock of four wells at Logbaba, albeit with very different production characteristics. The operations team have done a great job managing the different wellhead pressures during the multi-well operations, and the higher water production.

In the Matanda license, we’re pleased with progress on the ranking of prospects and the start of the well planning phase. We have initial interest in the farm-out of Matanda but there is of course a long way to go in that process.

The interest shown in West Med has been very encouraging and we have for the first time entered into a short period of exclusivity with a potential buyer as they conduct serious due diligence using well-known specialists. Of course, we know this may not result in a binding bid or a sale but is nonetheless encouraging.”

I see VOG coming out of a long, difficult period in pretty good shape. From the above it can be seen that they have been very busy on a number of fronts and they will have to be sorted which I can see happening. The key parts of the company have a lot going for them, gas sales are up and continuing to rise and progress with ENEO would be a good way of taking the company forward even more. Messrs Kelly and Collins probably didn’t see it panning out quite like this but right now VOG shareholders have much to thank them for.

https://www.malcysblog.com/2021/04/oil-price-vog-far-and-finally/

ShareTalkNews™
@ShareTalkNews
·
4m
Market Summary >
@victoriaoilgas

LON #VOG
4.80 GBX +0.90 (23.08%)Arrow pointing rightwards then curving upwards
1 Apr, 12:36 BST ·Disclaimer
Announce a corporate and operational update, including updates on operations in #Cameroon, early La-108 performance and #WestMed.
https://pbs.twimg.com/media/Ex4rjrqWEAYs_6b?format=jpg&name=small

Courtesy of
chrisjparrish
@chrisjparrish
·
16m
#MTR $MTR.L Traders come + go on Metal Tiger but the savvy investors patiently wait as the #Kalahari #Copper #Belt reveals its treasure. With 3.5% holding in $SFR plus 2%chrisjparrish
@chrisjparrish
·
16m
#MTR $MTR.L Traders come + go on Metal Tiger but the savvy investors patiently wait as the #Kalahari #Copper #Belt reveals its treasure. With 3.5% holding in $SFR plus 2% NSR on prime targets such as A4 (photo)+ its own #KML JV Project with $CBE with 2% NSR value will out in time such as A4 (photo)+ its own #KML JV Project with $CBE with 2% NSR value will out in time

https://pbs.twimg.com/media/ExvIRJ7WQAM9Fop?format=jpg&name=small

The State of Cameroon plans to spend FCFA 871 billion to revive its economy which entered recession in 2020

In detail, more than 80 actions grouped into four axes constitute the backbone of the plan. The country intends to inject 96.4 billion to support the production and processing of consumer products; 709.4 billion in business financing; 50 billion in growth branches / sectors and 21 billion in business competitiveness. To mobilize funding, the government plans to put its hand in its pocket, but also to solicit its external financial partners.
https://www.investiraucameroun.com/finance/2903-16170-l-etat-du-cameroun-prevoit-de-depenser-871-milliards-de-fcfa-pour-relancer-son-economie-entree-en-recession-en-2020

Proactive

Vast Resources reveals mechanised mine plan for Baita Pla

https://t.co/4w3Uvw5tYR?amp=1

Courtesy of
chrisjparrish
@chrisjparrish
·
2h
$SFR
@SandfireResLtd
#Kalahari #Copper #Belt #Botswana The last week shows work towards upcoming T3 Mine in full flow. Meanwhile #Copper #Silver assay results are due from nearby intensive A4 #exploration. $SFR appear slow to release but maybe for good reason. #MTR $MTR.L

https://twitter.com/i/status/1376411895406661636

LTH of VOG just started reposting here again recently having more tiime on my hands and it being very quiet
on here due to lack of news from VOG
ive no idea whats going on with missing posts either
Dont know why my posts offend anyone its just local news from Cameroon which suggest that the power situation hasnt improved any of late but it seems like business climate is improving ATB Forest

Gianni Kovacevic: Copper Demand Growing Exponentially this Decade

https://www.youtube.com/watch?v=e9K-DXalcfk

Gianni Kovacevic: Copper Demand Growing Exponentially this Decade

https://www.youtube.com/watch?v=e9K-DXalcfk

Power cuts: Covid-19 complicates the situation in northern Cameroon

“? To do maintenance, you need a certain number of spare parts. Unfortunately, with the coronavirus pandemic, supply chains today are experiencing a lot of difficulty. So the spare parts that we had been waiting for a month have not arrived ", added the minister before reassuring : " The good news is that the first cargo arrived by boat the day before yesterday [March 22, 2021] and the 2 nd and 3 rd cargo should arrive during next week ”.

At the end of its visit to the north, the Minee instructed Eneo, the sole electricity distributor, to return to normal by April 12, 2021, the start of the fasting month of Ramadan. The 40 MW expected from thermal power plants (Garoua and Ngaoundéré) must be available so that households have access to electricity in the worst case between 6 p.m. and 10 p.m. It takes about 4.4 billion FCFA of fuel expenditure per month to have the 40 MW permanently. A burden difficult for the State to bear in view of the tensions observed in the public treasury.

In the meantime, Gaston Eloundou Essomba instructed to discriminate sensitive areas (hospitals, water production works, etc.) by drawing up the load shedding schedule.

https://www.investiraucameroun.com/energie/2703-16163-coupures-d-electricite-le-covid-19-complique-la-situation-dans-le-septentrion-du-cameroun

Energy projects represent nearly half of the World Bank's portfolio in Cameroon

Business in Cameroon) - Energy projects represent 44% of the World Bank's portfolio in Cameroon, according to Abdoulaye Seck, the operations director of this structure for Cameroon. This statistic was revealed on March 24, 2021 in Yaoundé, the country's capital, on the occasion of the opening ceremony of the joint portfolio review of this Bretton Woods institution in the country.

Indeed, the World Bank has financed the main energy infrastructure built in Cameroon over the past 20 years. These include the Lom Pangar dam, whose reservoir has a capacity of 6 billion m3 of water, or the Nachtigal power station, which will increase energy capacity by 30%. currently installed in the country. The delivery of this project, in which the World Bank holds assets through the International Finance Corporation (IFC), is scheduled for 2023.

In addition to these two works, the World Bank has injected funding under the Electricity Sector Reform and Transport Project, which, according to Abdoulaye Seck, "? directly benefits 7 million people ?" in Cameroon.

But, apart from the energy sector, the World Bank is also very active in Cameroon in the sectors of education, health and social protection, areas which globally represent 25% of the portfolio of this international financial institution in the country. The same is true of rural development (16% of the portfolio), or inclusion and good governance (14%).

https://www.investiraucameroun.com/energie/2503-16150-les-projets-energetiques-representent-pres-de-la-moitie-du-portefeuille-de-la-banque-mondiale-au-cameroun

Cameroon, a land of business opportunities

Three weeks after his visit to pepper producers in Penja, a town located 93.2 km from Douala, the British Minister for Africa visited the city of Buea on March 24. Just as he went to the Douala Grand Mall (nearly 90% co-financed by the British private equity firm Actis) and to the Guinness factory in Ndokotti. After the meeting he had with the bosses of British companies in the economic capital, he also launched the activities of the British Chamber of Commerce in Cameroon, we learned.

“I came to Cameroon to strengthen relations between our two countries. Great Britain has had very good relations with Cameroon for many years and there is talk of strengthening them. The British market offers opportunities for Cameroonian entrepreneurs as well as these producers of the cocoa sector and the Penja pepper sub-sector. We believe that it is important to support them so that they earn better income by accessing the British market ”, declared the British Minister for Africa, James Duddridge, specifying that Cameroon is a land of opportunities for them. business.

The review of British investments and the announcement of the deployment of 1.1 billion FCFA in the cocoa sector and the Penja pepper sub-sector come a few months after the United Kingdom's exit from the EU (Brexit), followed by the signing of an EPA (Economic Partnership Agreement) with Cameroon on March 9th. According to official rhetoric, one of the objectives of this agreement is the consolidation of trade between the two countries and the support of local producers.

https://www.investiraucameroun.com/economie/2503-16148-la-grande-bretagne-injecte-1-1-milliard-de-fcfa-dans-le-cacao-et-le-poivre-de-penja-au-cameroun

Despite the crises, the overall turnover of formal businesses is increasing in Cameroon

(Business in Cameroon) - Despite the crises (economic, security and political crises) that have rocked Cameroon since 2014, the overall turnover of modern or formal companies operating in the country has increased by 8.6% in two years, rising from 11,551 billion FCFA in 2016 to 12,655 billion FCFA in 2018. This is what we can learn from the Directory and demography of modern enterprises in 2018, published this Wednesday, March 24, 2021 by the INS (National Institute statistics). These are legal companies subject to a statistical and fiscal declaration (DSF).

“In 2018, modern companies generated 12 655 billion FCFA of turnover excluding taxes (Caht). Compared to 2017, this turnover recorded, at current prices, an increase of 4.9% ”, explains this report, released in its 6 th edition.
https://www.investiraucameroun.com/economie/2503-16142-malgre-les-crises-le-chiffre-d-affaires-global-des-entreprises-formelles-augmente-au-cameroun