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Metal Tiger quarterlies highlight progress in Botswana and Thailand

Tuesday, November 1, 2016 5:25
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In a quarterly update to market that coincided with the company’s annual meeting, Metal Tiger PLC (LON:MTR) expressed its condolences to the people of Thailand on the passing of the king, Bhumibol Adulyadej in mid-October.

Metal Tiger is rare among junior miners in having significant interest in Thailand, and it seems to have made a good fist of moving its deal on the Boh Yai and Song Toh silver-lead-zinc mines forwards, and permitting work and mine restoration planning is now underway.

In a preliminary economic assessment completed in 2013 by the well-known consultant ACA Howe, the Thai properties were given a net present value of US$75.9 mln.

Exploration is also continuing elsewhere in the country.

Meanwhile, progress at the 30%-owned copper project in Botswana has also continued, with the release of a new JORC resource back in September. This showed 28.36 mln tonnes at 1.24% copper and 15.7 grams per tonne silver.

The company has now appointed a full time chief financial officer, and Alex Borelli has been installed as chief executive, following Paul Johnson’s sideways move into a role more focussed on trading, project generation and investor relations.

Story by ProactiveInvestors


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