9 Aug 2016 14:39
Metal Tiger Plc
("Metal Tiger" or the "Company")
Launch of Metal Tiger Australia
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce the launch of Metal Tiger Australia Pty Limited (“MTA”).
Highlights:
MTA is a wholly owned subsidiary of Metal Tiger plc charged with responsibility for the provision of technical services across the Metal Tiger group; MTA, an Australian registered company, is based in Perth, Australia; MTA will initially have three directors namely Keith Springall (Chief Financial Officer MTR), Terry Grammer (Chairman MTR) and the proposed Chief Technical Officer of MTR, whose appointment will be announced shortly; MTA will provide an internal repository of geological, mine engineering and financial skills to lend support across the growing Metal Tiger business, and with a specific current focus on key business developments within its Botswanan, Spanish and Thai investing activities.Paul Johnson Chief Executive Office of Metal Tiger said “The Metal Tiger business model is growing and now has Metal Project interests ranging from early stage exploration to advanced exploration and to mine development. The Metal Tiger Asset Trading division has an expanding list of investments across resource companies at various stages of development.
Both Metal Projects and Asset Trading divisions have a considerable pipeline of new investing opportunities and MTA will provide a technical core within Metal Tiger through which new opportunities can be assessed
Recognising the increasingly diverse investments we are advancing our internal capabilities with the recruitment of a board level Chief Technical Officer and also a Geological Information Systems (“GIS”) Database Manager.
Creating and housing this internal technical unit in Perth, Australia, is significant, being the centre of geological and mine development knowledge, particularly for African and Asian opportunities. In addition the technical unit is well placed to assess new opportunities in Australia, and notably Western Australia, which is an area where the MTA team have substantial experience.
This is just one step as we continue to build Metal Tiger into one of the leading global mining investment companies. Shareholders should expect further developments in this regard to be announced to market in the near term.”
For further information on the Company, visit: www.metaltigerplc.com:
| Paul Johnson (Chief Executive Officer) | Tel: +44 (0)7766 465 617 | |
| Terry Grammer (Non- Executive Chairman) | Tel: +44 (0)207 099 0738 | |
| Sean Wyndham-Quin Neil Baldwin Nick Emerson Andy Thacker | Spark Advisory Partners Limited (Nominated Adviser) SI Capital (Sole Broker) | Tel: +44 (0) 2033 683 555
www.sparkadvisorypartners.com Tel: +44 (0) 1483 413 500 |
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 ISDX or AIM partner with whom the Company is engaged.
Metal Tiger also has an Asset Trading Division that holds various financial instruments for trading purposes including equities, warrants and royalty income. The aim of the division is to generate profits to reinvest into the Company’s project based activities.
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