Member Info for forest4032

Imho What would help a lot right now would be a TR1 and then a nice good flow of assays from MOD maybe TH on cards very soon

ATB

We might get a fairly regular flow of assays thru now even the possibility of TH before long

bonker Stef said at Walsall they MOD had umpteen offers from their recent 121 in London over 40 options to fund as and when MOD were ready

..............Investor Information Session

.....................................................
An information session outlining the transaction will be led by MOD’s Managing Director, Julian Hanna, today
at 4.15pm. Investors are encouraged to participate by submitting questions via email, prior to the call. Details
are as follows:
Date: Wednesday 18 July 2018
Time: 4.15pm (Australian Eastern Time)
Email questions: administrator@modresources.com.au
Dial in Details:
Australia: 1800 280 741
International: +61 3 8687 0650

............................................MOD to consolidate 100% of T3 Projec

.....SilkyFlows post on HC ⏩ I hold both mod and mtr and I think that it’s a deal worthy of both sides

Yes mtr have basically taken the deal for the upside potential and yes it could put pressure on share price in 12 unless they find some monster deposits.

Well speaking to jaques in The U.K. he was beaming about what they have. He was particularly smitten with T20. Mod already know what is there.

So the deal whilst seemingly favouring mtr (especially with the options) at present won’t matter in the grand scheme. Mod would definitely not have done this deal without knowing exactly what they are giving away and what they could acquire now they have a deal which supports the project and accelerates it.

Mod now can now focus on being the operators at T3 and attract the financing they need (hopefully a lot more efficiently than they have done in past)

The issue with things like this is that negotiations can get messy. The pie is huge so imo the deal needed to be done and this unlocks the potential for both parties going forward.

Both stocks will benefit from this as we find out exactly what else we have

10 months ago

Appointment of NRG “ MOD Resources Strategic Options
Mon, 18th Sep 2017 07:15
Metal Tiger Plc

("Metal Tiger" or the "Company")

Appointment of NRG “ MOD Resources strategic options

Metal Tiger Plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that the Company has appointed Natural Resources Global Capital Partners Limited to provide strategic and financial advice in connection with the Company™s strategic options relating to its 30% holding in the Botswanan joint venture with MOD Resources. NRG will work alongside the Companys existing natural resources specialist adviser, RFC Ambrian Limited.

NRG is an independent advisory firm and merchant bank focused on the global mining & metals, oil & gas and energy industries. Metal Tigers dedicated team at NRG will be led by the Chairman of NRG, Julian Vickers and Senior Partner, Mick Oliver.

Michael McNeilly, Chief Executive Officer of Metal Tiger commented:

..........................................................................................................

We are delighted to be working with a well-rounded team of advisers to assess the Companys strategic options

relating to Metal Tigers 30% interest in the Botswanan joint venture with MOD resources and any possible

transaction that may occur as a result. This combination of advisers has the experience, knowledge and network to

assist the Board of Metal Tiger to make the right decisions for the Company and for shareholders to realise

significant value from its 30% holding in the Joint Venture.

...............................................................................................

...........MOD to consolidate 100% of T3 Project including rights to acquire all JV exploration assets

Binding agreements with MTR to acquire MTR’s 30% interest in the substantial T3 Project

• 100% consolidation streamlines proposed financing and development of the T3 Project

• Transaction ~14% accretive for MOD shareholders in terms of per share ownership of T3 Project

• MOD receives rights to acquire, at its election, all other JV Exploration Assets

• These rights provide significant additional option value for MOD shareholders

• MTR to continue to fund its 30% share of JV Exploration Assets, outside the T3 Project

• Total scrip consideration ~A$26.6m1

, significant restrictions including 12 months escrow

...........: MOD to Consolidate 100% of T3 Project

.................https://ton.twitter.com/1.1/ton/data/dm/1019351360867840004/1019351226482388992/7AYP8W93.jpg:large

............Sorry meant to add Paydirt on end........ https://t.co/0QfBdlQZjk

Going back

..........Tue, 10th Nov 2015 07:00
RNS Number : 1151F
Metal Tiger PLC
10 November 2015

METAL TIGER PLC

10 November 2015

Metal Tiger plc

("Metal Tiger" or the "Company")

Copper/Silver Acquisition Botswana

Metal Tiger (LON:MTR), the natural resources investing company is pleased to announce the acquisition of a strategic interest in prospecting licences situated along the Mahumo Structural Corridor, in the Kalahari Copper Belt in Botswana, in Joint Venture with ASX Listed MOD Resources Limited ("MOD") (ASX:MOD).



The acquisition represents the conclusion of a number of months of detailed negotiations, alongside MOD, to acquire the new interest from the administrators of Discovery Metals Limited, which was placed into voluntary administration in February 2015. The agreement is subject to execution of a deed of release following payment and other conditions precedent including approval by the Botswana Competition Authority and Botswana Ministerial consent.

The new interests provide Metal Tiger with exposure to a valuable strategic holding in the highly prospective Kalahari copper belt and working alongside MOD who are experienced in-country operators and have achieved significant success in their work to date.

6 Weeks later TR-1 Chairmans Holding 30,000,000........3%, 4%,5%,6%,7%,8%

7 Weeks later RNS Wed, 17th Feb 2016 ................... Target Drilling Commences

4 Weeks later RNS Thu, 17th Mar 2016 .................... Botswana Copper/Silver Project Update;

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update with regard to drilling programme progress achieved at the Company's Joint Venture project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).

Paul Johnson Chief Executive Officer of Metal Tiger plc commented "The Kalahari Copper Belt project represents a major strategic project interest within the Company's Metal Projects Division. Therefore I am delighted to report the extremely positive progress in the conduct of the drilling programme and in respect of the early findings achieved by project operators and partners MOD Resources. The nature and extent of mineralisation identified thus far is extremely encouraging and we eagerly await the results from sample analysis being conducted in the laboratory;

Following release of the Botswanan update today the share price of MOD resources on the ASX increased by 350% to A$0.0018 per share. As at close of ASX business today the market value of the MOD shares held by Metal Tiger (at A$0.0018 per share) had increased to A$1,050,000 or approximately £556,500.

..........Grammer and Hanna have known each other for decades. It was a chance meeting in

..........the streets of West Perth which brought them into partnership in Botswana

Going Back

...........One of most importanf days in MTRs history Directorate Change

Mon, 15th Sep 2014 07:00
RNS Number : 6029R
Metal Tiger PLC
15 September 2014
Â
?

Metal Tiger plc

("Metal Tiger" or the "Company")

Â

Director & Chairman Appointment

Â

Metal Tiger is pleased to announce the appointment of Mr Terry Grammer as Non-Executive Director with immediate effect and Chairman of the Company effective from 24 September 2014.

Â

Terry is an award-winning geologist with over 40 years' experience in mining and mineral exploration with extensive experience in Australia, Africa, Southeast Asia and New Zealand. The directors of Metal Tiger anticipate that his standing in the mining community around the world will increase the range and depth of the Company's access to mineral exploration investment opportunities. Terry has been involved in numerous ASX-listed companies that have achieved substantial growth, most notably:

Â

·   in 1997, as geologist with ASX-listed Jubilee Mines NL, Terry co-discovered the Cosmos Nickel Deposit for which he was awarded the AMEC (Association of Mining & Exploration Companies) Joint Prospector of the Year in 2000. From that discovery, Jubilee Mines NL went on to become an ASX Top 200 company and ultimately be sold to Xstrata Plc in 2007 for AUD$3.1 billion (equivalent £1.8bn) at a share price of AUD$23 per share;

·   as a Founder/Promoter and the Exploration Manager (2000-2004) of Western Areas NL (ASX:WSA), which listed in 2000 and went on to become a successful nickel miner and an ASX Top 200 company;

·   as Chairman (2008-2013) he guided South Boulder Mines Ltd (ASX:STB) through the discovery and pre-feasibility studies of the Colluli potash deposit in Eritrea which saw the company become an ASX Top 300 company; and

·   as a director of Sirius Resources NL (ASX:SIR) since June 2010 to present, guiding the company through the discovery, feasibility and development funding of the Nova nickel and copper deposits in Western Australia as it became an ASX Top 200 (current market capitalisation over AUD$1.1billion). This discovery saw the company's share price rise from AUD$0.05 in July 2012 to reach a peak above AUD$5 per share in early 2013.

Â

Terry is appointed to the Board as a Non-Executive Director with immediate effect and will be appointed Chairman of the Company following the release of the Company's interim results for the six months ended 30 June 2014, scheduled for Wednesday 24 September 2014.

.....CITIC Metal completes C$723 million investment in Ivanhoe Mines

................https://t.co/sqNJ5dM9vg

.....1,286,90313:23 @ 3.10 Well done Inv 123 just gone thru

Inv123 Well done that man and all the best to you

310 320

100k @3 .17

3 / 310

..............3 09 Paid

MOD 52c up 8.2%

Metal Tiger, partner #MOD log significant visible copper sulphides at Botswana project

.......http://dlvr.it/QZyc38

Taken from above Further, Metal Tiger noted that drilling of MO-A4-003D continues with current depth of about 334 m and a target depth of less than 600 m to test deeper geophysical targets defined from airborne electromagnetic (EM) data and to test the prospective Ngwako Pan Formation
......................
,
The sediment-hosted Ngwako Pan copper deposit Botswana

.....................
The strat-bound Ngwako Pan copper deposit is located in the northeastern part of the 250-km-long Neoproterozoic Ghanzi Ridge in northwestern Botswana. The sulfide mineralization occurs in the lowermost 25 m of the Middle Ghanzi Formation, which is composed of reduced facies (gray and greenish-gray) siliciclastic and subordinate carbonate metasediments. The 1- to 3.5-km-thick red-bed metasediments of the Lower Ghanzi Formation underlie the mineralized horizon. The distribution of copper ore in the Middle Ghanzi Formation shows a close spatial correlation with the occurrence of basaltic rocks in the Kgwebe Formation underlying the Lower Ghanzi Formation. The mineralized horizon is hosted by lacustrine or lagoonal sediments that were deposited on a paleohigh in a rift-related basin. The sediments were metamorphosed at lower greenschist facies conditions and tightly folded. The homogenization temperatures of fluid inclusions in secondary quartz are in the range of 57 degrees to 254 degrees C, the median being 179 degrees C. The major sulfide minerals, in order of decreasing abundance, are chalcocite- djurleite, bornite, chalcopyrite, pyrite, sphalerite, and galena. They occur as disseminations related to the intergranular porosity and permeability of the sediment and those related to fracture or shear porosity and permeability. Various load features indicate that at least part of the disseminated mineralization or its precursor sulfide minerals was deposited before major compaction was completed. Sulfurization of the sediment and possibly introduction of copper occurred early in the diagenetic history of the sediment. The mineralizing fluids were probably derived from oxidized ground water passing through red-bed footwall sediments. These fluids were enriched in copper where the aquifer was copper rich, i.e., where high Cu basaltic rocks constitute part of the source region of the siliciclastic sediments.

Metals and minerals prices have come a long way since hitting multi-year lows late-2015, early 2016.

...................https://t.co/lLaTy5ScgN

Metal Tiger, partner #MOD log significant visible copper sulphides at Botswana project

............. http://dlvr.it/QZyc38