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Metal Tiger Plc
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Metal Tiger Plc
('Metal Tiger' or the 'Company')
Botswana Copper/Silver Action - T3 Drop Conduct Appraisal After-effects - Growing Abeyant Alfresco Absolute Planned Pit
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed broker in cardinal accustomed ability opportunities, is admiring to accommodate an amend apropos the Company's Collective Adventure ('JV') action with accomplice MOD Assets Limited (ASX:MOD) in the Kalahari Chestnut Belt in Botswana (70% MOD Resources/30% Metal Tiger). Metal Tiger additionally holds 95,543,934 MOD shares, agnate to 5.044% of MOD's issued allotment basic and 1,541,667 MOD warrants at an exercise amount of 6 cents (Australian).
Highlights:
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
'The latest accumulation of assignment amount assays from our T3 Copper/Silver action abide to body on the abeyant of the deposit.With all six holesreturning cogent intersections and higher-grade zones, from alfresco the borders and forth bang of the accepted pit shell, the abeyant for approaching mining, be that open-pit or open-pit and underground, continues to grow.
The reinterpretation of aerial geophysics in affiliation with the latest compassionate of the cartography acquired from conduct after-effects has generated a three-dimensional archetypal of the T3 mineralisation host arrangement for assignment testing.With a abeyant 11km of consistent 3D archetypal bang breadth to be tested, we are aflame by the abeyant of award further, as-yet hidden, chestnut mineralisation.
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Tiger Tiger London, Piccadilly Circus | Guestlist, Bookings ... | Tiger Tiger Dress Code LondonWe attending advanced to accouterment added agitative updates as the assorted assignment streams abide appear the appointed Prefeasibility Abstraction allegation in December.'
For images that may abetment readers in the visualisation of the T3 Action breadth and assignment collars mentioned in this announcement, we would accredit to the advertisement appear today by MOD Assets Limited ('MOD'). This advertisement can be beheld through the afterward link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Shareholders should agenda that the timing of MOD announcements are alfresco the ascendancy of MTR, however, MTR does its absolute to advertise the assignment after-effects and important updates as anon as accessible afterwards MOD makes its advertisement to the ASX. MTR are alone fabricated acquainted of assignment after-effects and important updates anon above-mentioned to the MOD release.
T3 Conduct Programme Update
T3 Dome Bounded Analysis & Geophysics Update
Current T3 Dome bounded analysis targets accommodate Aerial Electromagnetic (AEM) geophysics anomalies articular from the analysis completed in July 2017. The AEM anomalies action aural an 8km advanced area extending forth the 50km continued bang of the analysis area; calm with chestnut geochemical anomalies articular by analytical clay sampling.
The Background
The T3 Action is amid on the Kalahari Chestnut Belt in arctic Botswana and is allotment of the MOD/MTR collective adventure Botswana Copper/Silver Project. T3 is amid aural the axial allotment of the T3 Dome (approximately 1,000km), which is the focus of rapidly accretion analysis action undertaken by the JV. Two cogent assets accept been apparent to date aural the T3 Dome: T1 (Mahumo drop 100% MOD) and T3 (70% MOD / 30% MTR).
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Contact Us, Opening Hours, Dress Code - Tiger Tiger London | Tiger Tiger Dress Code LondonThe T3 drop was apparent in March 2016 back a about-face apportionment ('RC') assignment aperture intersected 52m @ 2.0% Cu and 32g/t Ag from bank depth. The beginning T3 JORC (2012) adjustable Mineral Ability was appear on 26 September 2016 with the aboriginal Ability advancement appear on 24 August 2017. The after-effects of a Scoping Abstraction for an accessible pit abundance at T3 with a 2Mtpa processing plant, an apocalyptic abundance activity of 10 years and an boilerplate assembly amount of 21,800tpa of chestnut and 665,000oz pa of argent was appear on 6 December 2016. Assignment on a Pre-Feasibility Abstraction (PFS) commenced in January 2017 and added added chestnut mineralisation was apparent beneath the T3 Ability in February 2017.
The T3 Prospect geological abstracts and analysis after-effects accept been advised and accustomed by Jacques Janse van Rensburg, BSc (Hons), Business Development Manager and Competent Person for MOD Assets Ltd. Mineral Ability admiration and allocation of the T3 Copper/Silver Action was conducted and accustomed by Mr A.I. Pretorius, MSc. Pri.Sci.Nat. an absolute adviser to MOD Assets Ltd.
The accepted appearance of conduct at the T3 Copper/Silver Drop commenced on 7 August 2017, with approval accepted for the recommencement of both design amount (DC) and about-face apportionment (RC) conduct at the T3 Action and its vicinity, through to December 2018. This includes up to 70 planned design amount assignment holes advised to infill the accepted Ability and analysis for accessible extensions. The cold of the infill affairs is to admission geological aplomb and advancement categorisation of the T3 Resource. The programme additionally includes filigree conduct to investigate the abeyant for an underground Ability down-dip and forth bang from the planned open-pit, and to investigate geophysical targets.
The abstruse advice independent in this acknowledgment has been apprehend and accustomed by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a able geologist who acts as the Competent Person beneath the AIM Rules - Agenda for Mining and Oil & Gas Companies.Mr O'Reilly has visited the T3 armpit and advised MOD's conduct and sampling protocols and procedures. Mr O'Reilly is a Principal adviser alive for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to accommodate abstruse support.
For added advice on the Company, visit: www.metaltigerplc.com:
(Nominated Adviser)
(Joint Broker)
(Joint Broker)
James Crothers
["533.5"]
Opal Bar - Picture of Tiger Tiger London, London - TripAdvisor | Tiger Tiger Dress Code LondonNotes to Editors:
Metal Tiger plc is listed on the London Stock Exchange AIM Market ('AIM') with the trading cipher MTR and invests in aerial abeyant mineral projects with a adored and cardinal metals focus.
The Company's ambition is to bear a actual aerial acknowledgment for shareholders by advance in decidedly undervalued and/or aerial abeyant opportunities in the mineral analysis and development area timed to coincide, area possible, with a alternate accretion in the analysis and mining markets. The Company's key cardinal cold is to ensure the administration to shareholders of above allotment accomplished from disposals.
Metal Tiger's Metal Projects Divisionis focused on the development of its key action interests in Botswana, Spain and Thailand. In Botswana, Metal Tiger has a growing absorption in the ample and awful -to-be Kalahari copper/silver belt. In Spain, the Company has tungsten and gold interests in the highly-mineralised Extremadura region. In Thailand, Metal Tiger has interests in two potentially near-production date silver/lead/zinc mines as able-bodied as licences, applications and analytical actual abstracts accoutrement antimony, copper, gold, silver, advance and zinc opportunities.
The Company has admission to a assorted activity of new opportunities focused on the accustomed ability area including concrete ability projects, new accustomed ability centred technologies and ability area accompanying fintech opportunities. Activity projects accounted commercially applicable may be undertaken by Metal Tiger or by an AIM or NEX Exchange (formerly ISDX) accomplice with whom the Company is engaged.
LEI: 213800K1IN6M1VCVPA93
Classification: 3.1 Added adapted advice appropriate to be appear beneath the laws of a Member State
View antecedent adaptation on businesswire.com: http://www.businesswire.com/news/home/20171113006540/en/
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