Metal Tiger PLC Thailand Timeline

TIDMMTR

Metal Tiger PLC

10 February 2017

Metal Tiger Plc

10 February 2017

Metal Tiger Plc

("Metal Tiger" or the "Company")

Thailand Timeline

Metal Tiger (LON: MTR), the natural resources investing company wishes to highlight that a copy of an estimated 2017 time line for the Thai Joint Venture including envisaged IPO is now available at the following link:

http://www.metaltigerplc.com/index.php/timeline/download?path=Downloads%252FTime%2BLine.pdf

Project Progress:

It is also worth noting the progress of the following studies:

- The Mine Plan is substantially complete and the update of the Resource is progressing at pace with the team working to a tight deadline. The building of a 3D model of the two mines using historical production, drill core, stope sampling, and lithological interpretation data, all digitalized from hand drawn maps and log books into mapping formats is supporting the process. The Mine Plan will be amended once the Resource has been updated. Translation into Thai for submission is about to commence.

- Work towards the Environmental Impact Assessment report is underway, as is data collection for a Hydrogeology Study that will produce a subsurface water flow model.

   -      A wet season environmental baseline study has been completed. 

- The Economic Contribution Assessment has been completed but will be updated following the Resource update.

   -      Nineteen 2-2.5m deep channel samples have been taken from the tailings pond for analysis. 

It is also worth noting that the team has the benefit of several studies and work concluded during 2011-2013 by the previous owners of the project, including:

   -      Tailings pond expansion plan 
   -      Geotechnical study 
   -      Site rehabilitation and reclamation plan 
   -      NI 43-101 and Preliminary Economic Assessment model 

- Exploration work, including rock chip sampling, soil geochemistry, ground IP geophysics, airborne magnetics and radiometrics.

Michael McNeilly, CEO of Metal Tiger plc commented: "The management team for the Thai Joint Venture has significant in country project development and operating expertise and this is proving invaluable and being demonstrated through the progress occurring to complete the studies before the envisaged IPO towards the end of Q2 2017. Further updates will be made in due course with regard to the IPO progress as well as Board composition of the Thai Listco."

For further information on the Company, visit: www.metaltigerplc.com:

 
 Michael McNeilly(Chief                         Tel: [phone] 
  Executive Officer)                             0738 
 Keith Springall (Finance                       Tel: [phone] 
  Director & Company                             0738 
  Secretary) 
 Sean Wyndham-Quin          Spark Advisory      Tel: [phone] 
  Neil Baldwin               Partners Limited    683 555 
                             (Nominated          www.sparkadvisorypartners.com 
                             Adviser) 
 Nick Emerson               SI Capital          Tel: [phone] 
  Andy Thacker               (Joint Broker)      413 500 
 Andrew Monk                VSA Capital         Tel: [phone] 
  Andrew Raca                Limited             5000 
                             (Joint Broker) 
 Gordon Poole               Camarco             Tel: +44 (0)203 
  James Crothers             (Financial          757 4980 
                             PR) 
 

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 10, 2017 03:24 ET (08:24 GMT)