2 May 2017 08:08
Metal Tiger Plc
("Metal Tiger" or the "Company")
Director and Thai Competent Person Report update
Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce that the Company has taken delivery of the first draft PEA CPR relating to the Song-Toh and Boh Yai silver lead zinc mines from SRK and is currently working with the SRK team to enhance the project fundamentals and optimise the economics at the PEA level.
The draft updated PEA CPR has provided the company with more confidence with regard to the mineralisation interpretation, mine schedule and project costs. The techno-economic work is also highlighting areas for ongoing studies to increase revenue and cost accuracy for any future studies. The Company will update the market when the report is finalised.
Director update
With effect from 1st May 2017, Geoff McIntyre has stepped down from his Executive post with Metal Tiger to become a Non-Executive director of the Company. Geoff has been instrumental in helping with the proposed Thai IPO and seeing as the IPO has significantly progressed with the appropriate management having been put in place for the spin out, Geoff and the Board believe it makes more sense for a reduced time commitment. Geoff will be spending more time on his personal business interests but will still make a very valuable contribution to the ongoing success of Metal Tiger’s interests. The Board wishes Geoff every success with his personal ventures and looks forward to working with him during his continued association with the Company.
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 & Company Secretary) | Tel: +44 (0)207099 0738 | ||||
| Sean Wyndham-Quin Neil Baldwin | Spark Advisory Partners Limited (Nominated Adviser) | Tel: +44 (0) 2033 683 555
www.sparkadvisorypartners.com | |||
| Nick Emerson Andy Thacker | SI Capital (Joint Broker) | Tel: +44 (0)1483 413 500 | |||
| Andrew Monk Andrew Raca | VSA Capital Limited (Joint Broker) | Tel: +44 (0)20 3005 5000 | |||
| Gordon Poole James Crothers | Camarco (Financial PR) | Tel: +44 (0)203 757 4980 |
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 Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over 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.
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