Metal Tiger Share Discussion Threads

[uknighted] 28/6/2017 16:48

RNS sale of some RRR.

[wisteria2] 28/6/2017 13:57

yes could well be the floor under the share price ..GLA

[someuwin] 28/6/2017 10:18

Could be a good time to be building positions again.

[rodrod1] 21/6/2017 10:33

MTR (through its chairman CH) made it clear that they intended to maximise their MOD interests. If they get to 5% then thats a key milestone. Cant be far away from such a declaration

[edward hopper] 20/6/2017 21:38

I thought they were closing down the investment side of the business but appear to have recently invested a further $250,000 into MOD?

Puzzlingly

Ed

[oakville] 20/6/2017 09:19

Good news keeps coming !

[rodrod1] 20/6/2017 08:48

MTR bought another 6.5m shares in MOD. now 4.88% held

[easwarareddy] 20/6/2017 08:35

Metal Tiger Plc ("Metal Tiger" or the "Company")Botswana Copper/Silver Project - Regional Exploration UpdateMetal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update regarding the Company's Joint Venture ("JV") project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger). Metal Tiger also holds 91,121,626 MOD shares, equivalent to 4.88% of MOD's issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JV's local operating company Tshukudu Metals Botswana (Pty) Ltd. ("Tshukudu").Highlights:-- T20 Dome soil sampling yields encouraging results: 5 new copper anomalies identified to date.-- Airborne geophysics commenced : trial helicopter electro-magnetic survey over 30km section of the T3 Dome, which hosts the T3 deposit.Michael McNeilly Chief Executive Officer of Metal Tiger commented:"Yesterday the joint venture successfully started a new chapter in the exploration of the western Kalahari Copper Belt. As far as we are aware Tshukudu is the first company to employ a high resolution airborne Electro-Magnetic survey technique to look for copper in this part of Botswana.As this is a new approach, the work is initially being run as a trial over and around the known T3 Resource, using the data gathered to fine tune the system with the aim of detecting other as-yet unknown copper deposits along the prospective T3 Dome.We anticipate that, where the technique is proved successful, it will have the potential to greatly accelerate the rate of new target generation over what is a very extensive licence holding.Also, we are delighted to report that the initial soil sampling programme conducted on the T20 Dome, 100km west of T3, has borne fruit. Five new copper anomalies have been outlined with further infill sampling currently progressing to help constrain targets for follow-up drill testing in due course. It was a similar soil anomaly which first led to the discovery of the T3 Deposit, so we look forward to receiving the infill results."For further images and diagrams that may assist readers in the visualisation of the mineralisation and the reported drill collar locations, we would refer to the announcement released today by MOD Resources. This announcement can be viewed through the following link:http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=webShareholders should note that the timing of MOD announcements are outside the control of MTR, however MTR does its utmost to announce the drill results and important updates as soon as practicable after MOD makes its announcement to the ASX. MTR are only made aware of drill results and important updates immediately prior to the MOD release.T20 Dome Soil Sampling Programme-- Initial, 6km line spaced, soil sampling programme over part of the T20 Dome now completed.-- Soil sample assay results show an initial five potentially significant surface copper (and zinc) anomalies to date. At least twoof the five anomalies coincide with regional ENE trending structuresinterpreted from magnetics.-- Five soil anomalies consist peak copper at 23ppm Cu, 22ppm, 18ppm, 17ppm & 16ppm respectively with associated zinc values ranging up to45ppm Zn.-- Follow up infill soil sampling traverses now conducted around each of the anomalies. Infill samples will confirm the findings of the initialresults and help constrain targets for follow-up drill testing in duecourse. To date no drilling has been conducted at T20.-- T20 Dome soil sampling programme also being extended to the east and north of Ghanzi to overlap the existing soil anomalies at T4and T22. This will lead to near continuous coverage of soil samplingdata over >100km within Tshukudu licences.-- Tshukudu has also recently applied for an additional prospecting licence along the southern part of the T20 Dome.-- A map depicting the locations of the five initial T20 soil anomalies is included in the MOD release of today.The T20 Dome is 100km west of the T3 Dome, both are located within the same structural corridor as interpreted from magnetic geophysics survey data. It is noteworthy that the T20 Dome has extensive surface calcrete deposits, similar to the T3 Dome.It has been shown at T3, that surface calcrete can suppresses the soil copper signature, so that even low order copper anomalies may be significant. The soil sample that led to the discovery of the, shallow depth, T3 deposit was only 28ppm Cu with 27ppm Zn.The T20 Dome is interpreted to be underlain by shallow dipping sediments including the prospective D'Kar Formation and Ngwako Pan Formation contact which hosts the large structurally related copper deposits in the eastern part of the Kalahari Copper Belt.T4 is the nearest known copper occurrence to the T20 Dome, being approximately 20km to the northeast of the T20 Dome. T4 is associated with a 2km long soil anomaly and was the first anomaly to be drilled by the MTR/MOD JV. On the 1 April 2016 MTR announced an intersection of 2m @ 6.12% Cu and 111g/t Ag from 101m down hole depth in drill hole MO-A-04R. Due to the discovery of T3 in March 2016, attention switched focus, and no further drilling has yet been conducted at T4.T3 Dome Airborne Electro-Magnetic Geophysics Survey-- Trial, high resolution, airborne Electro-Magnetic (AEM) survey successfully commenced yesterday.-- AEM survey provides an opportunity to fast track exploration within this very prospective region.-- South African geophysical contractors NRG are using a helicopter-borne 18m transmitter loop at 30-40m survey altitude, with 200m spacedflight lines to achieve high resolution survey data.-- It is understood this is the first time a high-resolution AEM technique has been used in this area of the Kalahari Copper belt andthe Company looks forward to reporting first results soon.The trial will initially seek to confirm that the AEM geophysical technique can detect the distinctive IP chargeability anomaly associated with the T3 copper deposit (announced 24 May 2017). With the objective of identifying possible other, new, targets along the wider T3 Dome structure. If the trial is positive, it will be extended into two blocks covering >30km along the axis of the T3 Dome. Depending on results, the survey may be extended further west and east along the T3 Dome.Other Updates-- Tshukudu presented at the Botswana Resource Sector Conference (BRSC) in Gaborone on 13 June. Metal Tiger Technical Director, AlastairMiddleton, who attended the conference noted strong interest in theTshukudu presentation and a good delegate footfall at the conferencebooth, including both the Minister and the Director of Mines.-- Other planned Project activities currently remain on schedule as set out in the release of 13 June 2017.BackgroundThe T3 Project is located on the Kalahari Copper Belt in northern Botswana and is part of the MOD/MTR joint venture Botswana Copper/Silver Project. T3 is located parallel to the same structural trend known as the Mahumo Structural Corridor, that hosts MOD's Mahumo Project (circa 20km NE of T3) and Cupric Capitals' Banana Zone Deposit (60km NE) and Zone 5 Project (120km NE).The T3 deposit was discovered in March 2016 when a reverse circulation ("RC") drill hole intersected 52m @ 2.0% Cu and 32g/t Ag from shallow depth. The maiden T3 JORC compliant Mineral Resource was announced on 26 September 2016. The results of a Scoping Study for an open pit mine at T3 with a 2Mtpa processing plant, an indicative mine life of 10 years and an average production rate of 21,800tpa of copper and 665,000oz pa of silver was released on 6 December 2016. Work on a Pre-Feasibility Study (PFS) commenced in January 2017 and additional deeper copper mineralisation was discovered below the T3 Resource in February 2017.MOD tabulate details of the current exploration procedures being employed on the project (JORC 2012 Table 1), in the appendix to their news release dated 20 June 2017.The T3 Prospect geological data and exploration results have been reviewed and approved by Jacques Janse van Rensburg, BSc (Hons), Business Development Manager and Competent Person for MOD Resources Ltd.The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who acts as the Competent Person under the AIM Rules - Note for Mining and Oil & Gas Companies.Mr O'Reilly has visited the T3 site and reviewed MOD's drilling and sampling protocols and procedures. Mr O'Reilly is a consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.

[paleje] 16/6/2017 16:21

Thanks Uknighted, I think they tipped them some weeks ago so nice to see a follow-up, regardless of it being TW.

Excellent placing today for SOLG's copper gold porphyry, Newcrest took £40m worth of new shares at a 15% *premium* to the sp! That type of placing tells you everything. Can't wait for MOD to get into that league:)

[uknighted] 16/6/2017 16:05

Metal Tiger (MTR) has updated on interests in Botswana and Thailand – with on the former CEO Michael McNeilly “excited by the strong mineralisation intersections in the geotechnical holes drilled to help plan the open pit design” and on the latter noting the project “not only warrants the further technical work required to commence an optimised reopening, but holds the potential for significant Mineral Resource increases and enhancement”.

The Thailand conclusion follows receipt of the final draft SRK Consulting Competent Persons Report. It is particularly noted;

“Whilst the Project NPV has fallen, against the 2013 study, to US$45.9M, sensitivity analysis shows this is largely due to the increased provision for up-front capital cost and operating costs based on international dollar terms. The management can see potential for cost savings by utilising Thai engineering capability at competitive local rates and will obtain detailed costings for future valuation updates. We are further encouraged that sensitivity analysis shows that a modest reduction in operating costs combined with a recovery in metal prices offers strong valuation upsides for project optimisation.”

The business is now working with SRK to put in place the work programmes required to take the level of understanding to a pre-feasibility study level and the final Competent Persons Report is intended to be included in an admission document for a spin-off on AIM (KEMCO Mining), now “expected to occur by the end of Q3 2017”.

Meanwhile, there should be further near-term news aplenty from the T3 project in Botswana – with that update adding “all outstanding drill hole assay results for Zones 1, 2 & 3 expected by end of June”, “updated mineral resource estimate to include Zones 1 & 2 expected for completion in July” and also next month drilling at T3 and elsewhere along the T3 Dome expected to resume.

The shares currently remain somewhat depressed at below 2.5p, capitalising the company at circa £23 million. With though the noted number of upcoming potential catalysts, the stance remains buy.


- See more at: hxxp://www.shareprophets.com/views/29746/metal-tiger-news-from-botswana-and-thailand-soon-to-roar#sthash.ybIKOdBx.dpuf

[ch1rp] 15/6/2017 12:34

More shares bought than sold but share price down.

[noirua] 14/6/2017 15:55

Note: We would also refer readers to our announcements dated 29 April 2016 and 24 August 2016 for details of the earlier investments in Red Rock made by Metal Tiger.
As announced on 24 August 2016 Metal Tiger purchased 25,000,000 shares in a strategic financing undertaken by Red Rock taking the Company’s holding in Red Rock following admission of placing shares to 78,571,427 shares or 16.81% of issued share capital.
As at 7 September 2016, Metal Tiger Plc holding in Red Rock Resources Plc is 81,071,427 ordinary shares, representing 17.35% of the Company’s issued share capital.

Red Rock Resources are receiving sums for its sale of El limon. More importantly they are waiting for sale news of Tshipe e Ntle. There are 10 bidders and if none are accepted the company is expected to float in Johannesburg.
RRR have a 1.26% interest in private company Jupiter Mines Limited. Jupiter own 49.9% of Tshipi. RRR are expecting the proceeds to be worth £8.9m to £18.5m

[oakville] 14/6/2017 05:37

MOD up yet again. More value for Tiger !

[paleje] 13/6/2017 14:33

Perfect for traders.

They say by end of Q2 for the IPO, which is later than they've talked about. But, that aside, does anyone know if they will issue a cut-off date for investors to qualify for shares and, if so, when?

Edit....it 'was' Q2 but now it seems Q3 so there's slippage

[vivgav] 13/6/2017 13:22

RNS no 2 out

[ch1rp] 13/6/2017 08:14

Breaking out.

[oakville] 13/6/2017 07:46

-- June

An update on potential drilling targets identified from the T20

Dome soil sampling programme and planned Airborne EM survey of the

T3 Dome is to follow shortly.

Outstanding assay results from the recent Zone 2 drilling expected

by end of June and will be incorporated into the revised Mineral

Resource Estimate targeted for completion in July (see below).


-- July

T3 Mineral Resource Estimate upgrade to include both Zone 1

and Zone 2 mineralisation.

Drilling at T3 and elsewhere along the T3 Dome is expected to

resume after approval of the environmental management plan (EMP)

lodged with the Department of Environmental Affairs.

Drilling to include two potentially significant IP geophysics

anomalies north of T3 Resource.

Complete T20 Dome soil sampling programme to identify

drilling targets.


-- August

Systematic drilling of the Zone 3 mineralised contact,

below the T3 Resource.

-- Third Quarter 2017

[oakville] 13/6/2017 07:10

Representatives from Metal Tiger and MOD Resources will be in attendance at the Botswana Resource Sector Conference (BRSC) in Gaborone today. The BRSC, is the largest annual investment conference in Botswana attended by various institutional investors, brokers, and government representatives.

[temmujin] 13/6/2017 06:52

ECR also if they are still invested..that one only 2m cap and drilling soon

[oakville] 13/6/2017 05:00

AAU looks set to follow RRR and GGP as a bagger over the next few weeks.

[lazygun] 13/6/2017 02:31

Yeah, this looks like really good news for Mtr.

Better news is the timeframe..

End June for assays, end Jul for updated jorc resource...


On,y other thing we need is the environment plan approval for t20 drilling
L.