Metal Tiger Share Discussion Threads

[charaxes1] 24/9/2021 17:43

Spot on. I am sure the rights will be also partially financed by a margin loan through an Investment Bank.

[trawl] 24/9/2021 17:38

The recent 5 mil equity raise along side the sale of pam shares
and the dividend from sandfire
should mean mtr has a healthy cash balance
then along comes a chance to increase the share
of a co thats growing and paying a healthy divi

[des56daw] 24/9/2021 05:43

That is a heafty capital raise that Sandfire is undertaking for their
latest purchase(though the asset look's good). What will the discount
be here if as seems likely we try to maintain our percentage of SFR

Regards
Des

[stevegrass777] 16/9/2021 09:45

That's a really good interview. Nice to hear the progress being made.

[daemonfunds] 14/9/2021 23:36

proactive chat to spend 10 mins on
hXXps://www.proactiveinvestors.com.au/companies/news/960124/metal-tiger-ceo-talks-botswana-drilling-and-value-in--refreshed--portfolio-960124.html

[uknighted] 31/8/2021 16:37

Two RNS releases today.
Nice divi coming from Sandfire.

[estienne] 17/8/2021 08:57

That was Antofagasta:
in Questor’s view, copper miner Antofagasta could also be a major beneficiary of the world’s switch to cleaner forms of energy and transport.

Indeed, the amount of copper used in EVs is four times greater than that used in internal combustion engine vehicles. According to the International Energy Agency, the global EV stock will rise from 11m in 2020 to 145m in 2030.

Similarly, renewable energy infrastructure, such as wind and solar power, requires up to 12 times more copper than traditional systems. The IEA expects renewables to meet up to 90pc of growth in global electricity demand over the next two decades.

As well as rising copper demand as a result of net-zero carbon pledges, Antofagasta’s prospects may also benefit from trends such as urbanisation. The UN expects 68pc of the world’s population to live in cities by 2050, versus 55pc in 2018, which equates to a doubling of the urban population. This is likely to boost copper demand, 28pc of which currently comes from the construction sector.

[aqc888] 15/8/2021 20:30

Interesting to see the Telegraph Questor editor pick a copper miner today as a buy... Hopefully will see further buying on Monday as people digest Simon Thompson’s analysis

[metis20] 13/8/2021 11:43

The ST MTR article is in today's print version.

[aqc888] 09/8/2021 13:58

Note that the Simon Thompson article was only in the digital version, not the print version. Print version will be out Friday, so there is often extra buying on Friday and Monday when this happens. Could get to 30p again then

[petewy] 07/8/2021 09:51

I read it. Finding it was a nightmare. Hence my post.

[charaxes1] 06/8/2021 21:19

Pete read the on line version.

[petewy] 06/8/2021 15:45

There is no write-up in IC Try link below


The IC is a mess and it's hard to find ST's latest on the site itself!!!

[uknighted] 06/8/2021 11:08

Good reaction to the article.

[aqc888] 05/8/2021 18:44

Excellent news! Should put a rocket up Metal Tiger! Share price is all over the place

[king_baller] 05/8/2021 16:55

Long Simon Thompson write up today in IC.

Starts with ‘UK investors have yet to cotton onto the significance of the latest resource estimate from a mining and exploration group that is developing projects in the Kalahari Copper Belt, Botswana. In fact, the company's shares offer 70 per cent upside to analysts base sum-of-the-parts valuations.’

Finishes with ‘Although Arden has a base case sum-of-the-parts valuation of £63m (37.3p a share) on Metal Tiger’s portfolio, the upside range is £122m to £135m (72p to 80p a share) assuming another deposit of similar scale to the T3 Deposit is found. Strong buy’

[uknighted] 22/7/2021 06:26

RNS

Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to announce that it has subscribed for C$1,250,000 units (the “Units”) in First Light Capital Corp (“First Light”), a capital pool under the policies of the TSX Venture Exchange, at an issue price of C$0.40 per Unit for a total consideration of approximately C$500,000 (c.£287,920).

First Light entered into a definitive agreement dated 16 June 2021 with New Oroperu Resources Inc (“New Oroperu”) to combine entities and form Anacortes Mining Corp (“Anacortes221;), a new growth orientated gold company in the Americas.

Anacortes will initially be focused on continued exploration and advancement of the Tres Cruces gold project located in Peru. Tres Cruces is one of the highest-grade oxide deposits globally and hosts oxide plus sulphide Indicated resources of 2.474 Mozs at 1.65 g/t gold and Inferred resources of 104 kozs at 1.26 g/t gold, inclusive of 630 kozs of high-grade leachable gold at 1.28 g/t gold.

The investment forms part of a capital raise by First Light of C$22.0 million. The placement was met with demand from institutional, high net worth, and retail investors.

Following completion of the fundraise and completion of the business combination, the Units will convert and Metal Tiger will hold 1,250,000 common shares in Anacortes, which will represent approximately 0.5% of the enlarged share capital. Metal Tiger will also receive 625,000 warrants exercisable within 2 years at a price of C$0.55.

For the quarterly period ended 31 March 2021, New Oroperu reported net assets of C$2,041,010 and a net loss of C$254,817. For the quarterly period ended 31 March 2021, First Light reported net assets of $1,982,921 and a net loss of C$232,222.

A link to the First Light / New Oroperu press release can be found below:

First Light and New Oroperu Complete C$22,038,500 Financing In Connection With Business Combination to Create Anacortes Mining:

[shieldbug] 21/7/2021 15:32

"It's important to remember that A4 represents just the first in a long line of prospective targets that we've identified in the near-mine and broader regional environment that we'll progressively test".

"Recent drilling in the vicinity of A4 has already given us early encouragement, and we're very optimistic that we will be discovering new deposits and drilling out additional resources in the Kalahari Copper Belt for many years to come."

2% royalty on that lot.

[paleje] 21/7/2021 11:19

Good news normally trickles out and gets ignored here so nice to see a bit of blue for a change:). There should be quarterly update end of July.

[ashleyjv] 21/7/2021 08:14

Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to note Sandfire's announcement noting a 34% increase in contained copper at satellite A4 Copper-Silver Deposit at Motheo.


Metal Tiger is currently interested in 6,143,357 Sandfire shares representing approximately 3.4% of Sandfire's issued share capital. As announced on 31 July 2020, 2,842,667 of the Sandfire shares held by the Company are subject to an equity derivative financing arrangement with a global investment bank. Metal Tiger has a 2% uncapped net smelter royalty over circa 8,000km(2) of Sandfire's licence holdings in the Kalahari Copper Belt including PL190/2008 (excluding the Motheo Copper Mine project area), which hosts the A4 deposit.


Highlights:

-- Updated JORC 2012 Indicated and Inferred Mineral Resource Estimate (MRE)
completed for the A4 Copper-Silver Deposit, located 8km west of the
permitted Motheo Copper Mine in Botswana:
-- Indicated and Inferred Mineral Resource: 9.8Mt at 1.4% Cu and 21g/t Ag
for 134,000t of contained copper and 6.6Moz of contained silver (using a
0.5% Cu cut-off).
-- Updated MRE delivers a 34 per cent increase in total contained copper
compared with the maiden Inferred MRE announced in December 2020.
-- 93 per cent of contained copper now reported in the higher confidence
Indicated Mineral Resource category and available for inclusion in Ore
Reserves:
-- Indicated Mineral Resource: 8.9Mt at 1.4% Cu and 22g/t Ag for 124,000t of
contained copper and 6.2Moz of contained silver.
-- A4 Deposit continuing to emerge as a key potential source of satellite
ore feed for the Motheo Copper Mine, where full-scale construction and
development is now underway following the award of the Mining Licence on
7 July 2021.
-- Feasibility Study program continuing and maiden Ore Reserve on track to
be completed during the December 2021 Quarter as the foundation for a
Feasibility Study due in the March 2022 Quarter. This will provide a
clear development pathway for the integration of A4 into the proposed
5.2Mtpa Motheo Production Hub.

Key Excerpts from the body of the Sandfire announcement:

-- Sandfire has commenced a substantial diamond drilling program to test a
number of targets along the A4 Dome. Drilling is focused on targets with
potential for high-grade vein hosted mineralisation in the upper part of
the Dome and the potential for extensive mineralisation associated with
the Ngwako Pan Formation (NPF) contact below the Dome.

-- Vein-hosted mineralisation within the A4 Mineral Resource has delivered
some outstanding intersections including a standout 35.7m at 7.1% Cu and
116g/t Ag from 128.5m down-hole, which includes 12.4m at 13.3% Cu and
232.8g/t Ag, from 131.6m down-hole depth in hole MO-A4-138D, announced on
1 December 2020.

-- NPD contact related mineralisation is more typical of sediment-hosted
copper deposits globally and has the potential to extend over wide areas
of the Kalahari Copper Belt.

-- The NPF contact hosts most of the major deposits in the eastern part of
the belt including the 60-65ktpa Zone 5 underground mine, which is
currently being commissioned. On 1 July 2021, the Khoemacau Copper Mining
company announced first concentrate production from the Zone 5 Mine which
Khoemacau reported is being ramped up to full production through H2 2021.

-- Previous, widely spaced drilling of the NPF contact along a 1.6km section
of the interpreted 9km long A4 Dome has resulted in a number of
significant intersections of disseminated and high-grade contact
copper-silver mineralisation, announced by MOD Resources Ltd during 2018.
These intersections include: 27.0m at 1.1% Cu and 20g/t Ag from 394m
down-hole, including 9m at 2.1% Cu and 39g/t Ag from 412m down-hole in
hole MO-A4-010D, and: 31.5m at 1% Cu and 10g/t Ag from 538m down-hole,
including 2.8m at 4.9% Cu and 54g/t Ag from 566.7m down-hole in
MO-A4-020D. These results were announced by MOD Resources Ltd on 20
December 2018.

-- In addition to targeting high-grade vein systems, most holes in the
current program will be extended to intersect the NPF contact. The
objective is to scope out the extend of NPF contact mineralisation below
the A4 Dome and identify areas with higher copper-silver grades to focus
future drilling.

-- Drilling is also planned to commence at other high priority targets
within 30km of the Motheo Copper Mine during the September 2021 Quarter.
Targets include the large A1 Dome located 25km along strike from A4 and
the T1 and T2 East prospects located 10km north of A1.

-- Given its location just 8km from the planned processing plant and
infrastructure at Motheo, the A4 Deposit has potential to become an
important source of satellite ore for the Motheo Copper Mine to support
Sandfire's plans to increase production from the Base Case 3.2Mtpa
production rate to 5.2Mtpa (See ASX Announcement 1 December 2020:
"Sandfire approves development of new long-life copper mine in
Botswana").

-- The higher confidence Indicated MRE at A4 is available for conversion to
Ore Reserves, which will enable Sandfire to complete feasibility studies
to support the proposed 5.2Mtpa Expansion Case for the Motheo Copper
Mine. A maiden Ore Reserve is on track to be reported in the December
2021 Quarter as the foundation for a Feasibility Study targeted for
completion in the March 2022 Quarter.

-- A4 is the first deposit to be delineated outside of the substantial T3
Open Pit Deposit within the highly prospective 1,000km2 Motheo Expansion
Project area.

-- The Motheo Expansion Project is the first area of the Kalahari Copper
Belt to receive systematic and focused exploration within Sandfire's
extensive licence holdings in the Kalahari Copper Belt.

-- Given its proximity to the processing plant and infrastructure being
constructed at T3, the A4 Deposit has the potential to become an
important source of high-grade ore for the Motheo Production Hub and
support potential expansion from the Base Case of 3.2Mtpa to 5.2Mtpa for
the Motheo Production Hub. Work has commenced on the A4 Feasibility Study,
with a target of completing the study and submitting the ESIA for the A4
project in the March 2022 Quarter.

-- Work programs currently underway include:

-- Metallurgical test work to define ore characteristics including
assessment of the suitability of processing when blended with ore
from the T3 Deposit;

-- Drilling for geotechnical and geo-hydrological purposes;

-- Environmental studies;

-- Mining studies;

-- Regulatory and environmental approvals; and

-- Infrastructure studies.

-- A maiden Ore Reserve is expected to be published during the December 2021
Quarter and will inform the A4 Feasibility Study for completion during
the March 2022 Quarter.

Noteworthy excerpts from Karl Simich, Sandfire's Managing Director and CEO, commenting on the announcement:


"This puts us in a very strong position to deliver on our expansion plans at the Motheo Copper Mine, with the updated Mineral Resource to form the basis of feasibility studies for the proposed 5.2Mtpa Expansion Case scenario."


"It's important to remember that A4 represents just the first in a long line of prospective targets that we've identified in the near-mine and broader regional environment that we'll progressively test".


"Recent drilling in the vicinity of A4 has already given us early encouragement, and we're very optimistic that we will be discovering new deposits and drilling out additional resources in the Kalahari Copper Belt for many years to come."


A link to Sandfire's announcement released today is set out below:

[daemonfunds] 15/7/2021 20:55

last tme i looked in may, the value of all the equity holdings was 50% of 30p share price
the smelter revenue accounts for the rest of the vale and no value seems to be attributed for their own prospects:
hXXps://www.businesswire.com/news/home/20210714005475/en/Metal-Tiger-plc-UK-Regulatory-Announcement-Kalahari-Metals-Limited-Exploration-Update

[paleje] 15/7/2021 07:47

With cu price predictions still over 40% higher than today and SND going strong, uncapped net smelter revenue alone could justify that figure medium term which would leave the company's other assets in for virtually nothing.

[daemonfunds] 14/7/2021 23:20

thanks for the heads up - need to keep an eye on the ASX announcements now too, hey?

[paleje] 14/7/2021 18:39

NTAV published on ASX yesterday 20p/share. That's sell-up tomorrow value so you have to take a view on its fair value (I know many would say that is its fair value:))