Metal Tiger Live Discussion

Totally_Wired 30 Oct 2019

RNS 30 October 2019 Metal Tiger plc Change of Adviser Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announces today that, as part of the Board’s increased focus on cost control, the broker agreement between the Company and SI Capital has been terminated with effect from today. The Company continues to retain Arden Partners as its sole broker. Michael McNeilly, Chief Executive Officer of Metal Tiger, commented: “I would like to thank SI Capital for its immense contribution to the success of Metal Tiger. SI Capital has worked as broker to Metal Tiger for over five years and has contributed greatly to all of Metal Tiger’s successful equity placings over this period. The Board would highly recommend them as a broking house.”

Totally_Wired 23 Oct 2019

RNS 23 October 2019 Metal Tiger plc Sandfire Resources shares received Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that it has today been issued with 6,296,990 new ordinary shares in Sandfire Resources NL (ASX:SFR) (“Sandfire”), representing approximately 3.5 per cent. of Sandfire’s enlarged issued share capital, in exchange for its entire shareholding in MOD Resources Limited (“MOD”). Accordingly, Metal Tiger has no further interest in MOD but retains an uncapped 2% Net Smelter Royalty over circa 8,000 km2 in the Kalahari Copper Belt (covering the area subject to the historical Tshukudu joint venture with MOD) and a US$2m capped Net Smelter Royalty over the T3 project. Sandfire has declared a final dividend of A$0.16 per share, which goes ex-div on 14 November 2019 and payment will be made on 29 November 2019. The Board of Metal Tiger intends to retain the Company’s entire interest in Sandfire shares, such that it is eligible to receive the approximate A$1.0m payment that would be due to Metal Tiger from this dividend.

Totally_Wired 09 Oct 2019

RNS 09 October 2019, 09:15Source - BUS Metal Tiger plc MOD Resources Update - Scheme of Arrangement Becomes Effective Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to note the announcement made by MOD Resources Ltd (“MOD”) (ASX/LSE:MOD), which advises that a copy of the orders of the Supreme Court of Western Australia approving the scheme of arrangement, pursuant to which Sandfire Resources NL (“Sandfire”) will acquire all of the issued shares of MOD (the “Scheme”), has been lodged with the Australian Securities and Investments Commission. Accordingly, the Scheme has become legally effective. MOD’s securities will be suspended from trading on the Australian Securities Exchange (ASX) at the close of trade today, 9 October 2019. The admission of MOD’s ordinary shares to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange’s Main Market has been suspended with effect from 7.30 a.m. in London today, 9 October 2019. Michael McNeilly, Chief Executive Officer of Metal Tiger commented: “The completion of the acquisition of MOD by Sandfire is a key milestone in Metal Tiger’s history and, in our view, a transformational deal for the Kalahari Copper Belt. Since our initial investment in MOD, Metal Tiger has generated a total return on investment cost of circa 3.0x. This is, of course, excluding the future potential value of our capped US$2m net smelter royalty over T3 and the 2% uncapped net smelter royalty over the Tshukudu Exploration properties. “We believe that the completion of this deal underlines the value of the Kalahari Copper Belt and are confident that, with royalties in place, a significant equity interest in Sandfire and our interest in Kalahari Metals Limited, Metal Tiger is extremely well placed to unlock this value for shareholders.” The full text of the MOD announcement can be read using the following link: [link]

Totally_Wired 08 Oct 2019

RNS 8 October 2019 Metal Tiger plc MOD Resources Update - Court Approves Scheme of Arrangement Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased note the announcement made by MOD Resources Ltd (“MOD”)(ASX/LSE:MOD), which notes that the Supreme Court of Western Australia has made orders approving the scheme of arrangement by which Sandfire Resources NL (“Sandfire”) will acquire all of the issued shares of MOD. Pursuant to Section 411(10) of the Corporations Act 2001, the Scheme will become legally effective upon lodgment of the Court orders with the Australian Securities and Investments Commission (ASIC). It is expected that a copy of the Court orders will be lodged with ASIC tomorrow, at which time the Scheme will become legally effective. If this occurs, MOD’s shares will be suspended from trading on the ASX at the close of trade tomorrow. Metal Tiger’s MOD shares which upon completion will equate to 94,834,181 MOD shareswill therefore be exchanged for 0.0664 Sandfire shares for every MOD share held, equivalent to 6,296,990 new shares in Sandfire. It is expected that Sandfire shares will be issued to Metal Tiger and other MOD shareholders on 23 October 2019. Metal Tiger will also be granted its 2% Net Smelter Royalty over the exploration joint venture area. The full text of the MOD announcement can be read using the following link: [link]

Totally_Wired 07 Oct 2019

RNS 7 October 2019 Metal Tiger plc Kalahari Metals Limited - Drilling Progress Update Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update on the ongoing drilling campaign at the Ngami Copper Project (“NCP”) and Okavango Copper Project (“OCP”), in which the Company holds an interest in via its 59.81 per cent. investment in Kalahari Metals Limited (“KML”). These inaugural diamond core drilling works at the NCP and OCP are testing geological contacts within fold-hinges identified by airborne electromagnetic (“AEM”) geophysics, which are thought to be prospective for hosting upgraded Copper-Silver (Cu-Ag) mineralisation. Highlights · Drill intersections into the priority Fold Nose Target at OCP have identified veinlet and disseminated sulphide dominant Cu mineralisation over a broad 25m zone on the northern side of the fold-hinge. Drilling has started along strike from this hole. · To date, nine drill holes totalling 2,008m have been completed across both projects: o NCP: Seven holes (NCP01 to NCP07), totalling 1,381m drilled; o OCP: Two holes (OCP01 and OCP02), totalling 627m drilled. · Drilling at both the NCP and OCP has successfully intersected the D’Kar formation (“DKF”) - Ngwako Pan formation (“NPF”) contact in fold-hinge settings with associated Cu mineralisation. · AEM modelling of Kalahari cover thickness and the position of the DKF-NPF contact has been verified by the drilling to date, thus confirming the AEM data as a tool for targeting Cu-Ag mineralisation. Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented: “This is a very positive start to KML’s inaugural drilling campaign, and we are delighted that the airborne geophysics modelling and the technical team’s iterative interpretation of this in conjunction with magnetics and other factors is proving a reliable methodology for targeting the D’Kar - Ngwako Pan geological contact which is often associated with copper and silver mineralisation on Botswana’s Kalahari Copper Belt. We are very encouraged by the visible copper mineralisation seen in the core and look forward to testing for further mineralisation along strike. This bodes well for future drilling campaigns, especially at the Kit-East project which is proximal to the T3 Project. I am encouraged by the thoroughness and professionalism that goes into the geological interpretation that has allowed for such early success.”

Totally_Wired 01 Oct 2019

RNS 1 October 2019 Metal Tiger plc MOD Resources Update - Results of Meetings Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to note the announcements made today by MOD Resources Ltd (“MOD”) (ASX/LSE: MOD), in which Metal Tiger has a 19.9% interest. The MOD announcements, links to which are set out below, note that, at both the General Meeting and the Scheme Meeting held earlier today, MOD shareholders have approved, by the requisite majorities, the scheme of arrangement by which Sandfire Resources NL will acquire all of the ordinary shares of MOD. The Scheme remains subject to a number of conditions as set out in the Scheme Implementation Deed (a full copy of which is disclosed within the Scheme Booklet, which is available on the ASX website at www.asx.com.au and on MOD’s website at www.modresources.com.au), including: • the Supreme Court of Western Australia approving the Scheme (Second Court Hearing); • the independent expert continuing to conclude that the Scheme is in the best interests of shareholders; and • the satisfaction or waiver of any remaining conditions prior to the Second Court Hearing. Subject to these remaining conditions being satisfied or waived, implementation of the transaction is expected to occur towards the end of October 2019. The full text of the MOD announcements can be read using the following link: [link] [link] Subject to the condition of the Supreme Court of Western Australia approving the Scheme (Second Court Hearing), it is the intention of the Metal Tiger Board to send out a notice of a general meeting of shareholders to seek approval from Metal Tiger shareholders for a share buyback facility shortly after such date. Michael McNeilly, Chief Executive Officer of Metal Tiger commented: “The closing of the acquisition of MOD shares by Sandfire resources is an important point in Metal Tiger’s history and allows the Company to retain its unique interest in the Kalahari Copper Belt, which should drive further share price growth in addition to the rest of its portfolio, whilst also allowing the Company to consider future cash deployment. With this in mind, the Company is considering future investments and believes that investing in itself, via a share buyback, could be the best use of capital for the Company. Eliminating discount to the net asset value of the business is a key focus of the Board and we look forward to updating the market on this workflow and the closing of the deal in due course.” [link]

Totally_Wired 25 Sep 2019

RNS Metal Tiger Plc **2019 Interim Report ** Unaudited interim results for the six months ended 30 June 2019 Metal Tiger plc (“Metal Tiger” or the “Company”), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce its unaudited interim results for the six months ended 30 June 2019. Key Highlights: Six months to 30 June 2019 Agreed sale of Metal Tiger’s 30% interest in its joint venture with MOD Resources Limited (“MOD”) and to support the offer by Sandfire Resources NL for MOD, subject to MOD shareholder approval. £2.8m (net) raised through two placings at 1.45p per share. Additional funding of US$1.1m contributed to our Kalahari Metals Limited joint venture in Botswana. The Direct Equities Division recorded a gain of £6.3m before administrative costs in the period, principally as a result of the unrealised gain of £6.9m on the Company’s holding in MOD, as a result of the offer from Sandfire Resources NL. Three new minority listed equity investments made for a total investment cost of £0.2m together with further investments in MOD and Arkle Resources Limited. Post period end 15% equity investment in Cobre Pty Ltd (“Cobre”), an Australian copper exploration company, for approximately A$0.5m, with an agreement to fund a further A$2.0m as part of a planned IPO over the next 12 months. Continued activity in the Company’s Direct Equities Division, including further investments in Sable Resources Ltd and Greatland Gold plc. More via link below: [link]

Totally_Wired 23 Sep 2019

RNS Kalahari Metals Limited – Approval of EMP and Identification of Future Drilling Targets 23rd September 2019 Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an operational update on its investment in Kalahari Metals Limited (“KML”), in which Metal Tiger currently holds 59.81% of the issued share capital. Highlights Environmental management plans (“EMP”) for both Kitlanya East (“KIT-E”) and Kitlanya West (“KIT-W”) licence packages approved for gazetting by the Botswana Department of Environmental Affairs (“DEA”). Following gazetting, the approval of the EMP provides a green light to drill test targets. In KIT-E area recently completed Airborne Electromagnetic Geophysics (AEM) survey has identified folded conductors interpreted to relate to Lower D’Kar formation and possible Cu-Ag hosting redox contacts with the Ngwako Pan formation. Two targets, in close proximity to the MOD T3 deposit, identified as a priority for drill testing: Target KIT-E-1A, a tightly folded conductor located in a fold nose mapped from high-resolution magnetic data, supported by anomalous Zn soil sample geochemistry. Target KIT-E-2A, an open, easterly plunging interpreted anticlinal structure, whose proximity to the neighbouring T3 deposit (approximately 5km) is considered significant for potential Cu-Ag mineralisation. Targets are supported by magnetic data interpretation, soil geochemistry results and stratigraphy intersected in historical drilling. Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented: “We are delighted by the continued support of the Government of Botswana as we look to realise further potential in the Kalahari Copper Belt. The results of the airborne geophysics survey over the Kitlanya East project area are very encouraging, with clear structural drill targets supported by soil geochemistry and close proximity to the MOD T3 deposit. The completion of the environmental management plan gazetting will allow Kalahari to progress the Kitlanya East area to, what we hope will be, an exciting period of drill testing.” More via link below: [link]

Totally_Wired 06 Sep 2019

Events CEO Interview B-TV’s CEO Clips, a series of short video profiles on innovative publicly traded companies, will feature Metal Tiger’s CEO, Michael McNeilly, on the BNN Bloomberg Channel, throughout 7 and 8 September 2019. View link: [link] The clip can also be viewed on the Company’s website, using the following link: [link] [link]

Totally_Wired 06 Sep 2019

RNS 6 September 2019 Metal Tiger Plc CEO Interview Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that B-TV’s CEO Clips, a series of short video profiles on innovative publicly traded companies, will feature Metal Tiger’s CEO, Michael McNeilly, on the BNN Bloomberg Channel, throughout 7 and 8 September 2019. View link: [link] The clip can also be viewed on the Company’s website, using the following link: [link] [link]

Totally_Wired 22 Aug 2019

RNS 22 August 2019 Metal Tiger plc MOD Resources - Progress Update on the Proposed Sandfire Transaction Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to note the announcements made by MOD Resources Ltd (“MOD”) (ASX/LSE: MOD) today (the “MOD Announcements”). The MOD Announcements, links to which are set out below, note that MOD has published a Scheme Booklet and Notice of General Meeting to be held on 1 October 2019, in relation to the proposal from Sandfire Resources NL (“Sandfire”) (ASX:SFR) to acquire 100% of MOD shares by way of a Scheme of Arrangement. The full text of each announcement can be read using the following links: Scheme Booklet: [link] Notice of General Meeting: [link] [link]

Totally_Wired 21 Aug 2019

RNS 21 August 2019 Metal Tiger plc MOD Resources - Progress Update on the Proposed Sandfire Transaction Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to note the announcement made by MOD Resources Ltd (“MOD”) (ASX/LSE: MOD) today (the “MOD Announcement”), which provides an update on the proposal from Sandfire Resources NL (“Sandfire”) (ASX:SFR) to acquire 100% of MOD shares by way of a Scheme of Arrangement. Please see link to the MOD Announcement below: [link] [link]

Totally_Wired 01 Aug 2019

RNS 1 August 2019 Metal Tiger plc Kalahari Metals Limited – Exploration Update Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an exploration update for Kalahari Metals Limited (“KML”), in which Metal Tiger currently holds 59.81% of the issued share capital. As announced on 31 May 2019, Metal Tiger invested a further US$1.1m in KML in order to fund KML’s first round drilling at both the Okavango Copper Project (“OCP”) and Ngami Copper Project (“NCP”). Following approval of the Environmental Management Plan (“EMP”) for the OCP by the Botswana Department of Environmental Affairs (“DEA”), drilling rigs are able to mobilise to priority targets within the OCP licence area following completion of the current diamond drill programme, which is in progress at the NCP (as announced on 23 May 2019). With regard to Kitlanya West (“KIT-W”) and Kitlanya East (“KIT-E”), an airborne electromagnetic (“AEM”) geophysical survey is currently being flown over the project areas. The airborne work is nearing completion with the processed data and interpretation expected in September 2019. A soil geochemical sampling programme is currently underway at KIT-W, which consists of a number of focussed traverses over interpreted anticline targets, with approximately 1,200 of a planned 3,300 samples having been collected to date. The samples will be analysed using both X-ray fluorescence (XRF) spectroscopy and low concentration TerraleachTM partial digest methods, in order to detect more subtle anomalies associated with mineralisation under thicker Kalahari Group cover. KML has also submitted EMPs to the DEA for both the KIT-W and KIT-E project areas, when approved they will allow work to progress to drilling where warranted, subject to funding. Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented: “We are delighted to provide an update on KML’s exploration progress in Botswana.The authorisation of the environmental impact statement for the Okavango Copper Project will allow the drill rigs to mobilise over from the Ngami Copper Project upon completion of the current diamond drilling programme, which is progressing well.The concurrent airborne geophysics and soil sampling programmes within KML’s Kitlanya West and Kitlanya East project areas should help build the pipeline of copper targets further, with permitting underway to allow follow-on drill testing of prospective new copper targets within these areas in due course.” Airborne Electromagnetic Survey Details The AEM geophysics programme which includes both detailed and regional scale survey work is being flown by experienced South Africa based contractors, New Resolution Geophysics, which is utilising its XCiteTM system to target conductive geological marker units in the lower D’Kar Formation above the potentially mineralised contact with the underlying Ngwako Pan Formation. The detailed survey is being flown at 200m line spacing over the northern priority target in KIT-E and has been designed to map conductive marker units in the lower D’Kar Formation. Results will be used to site drill holes into this prospective target situated 6km south of the MOD Resources’ T3 copper deposit. The regional survey flown at 2km line spacing over the KIT-W project area has been designed to assist with mapping of Kalahari Group cover thickness and interpretation of anticline structures identified in magnetic data. Results will be combined with the current soil geochemical sampling programme results and historical airborne geophysical data to prioritise potentially mineralised fold hinge targets. **Project Background-Via link below: ** [link]

holland44 25 Jun 2019

Proactive Investors today Not a great price, given T3’s potential, but we could have been waiting forever for MOD to get its mine finances together. This way, We’ve realised a good profit and still have plenty of potential elsewhere in MTR’s portfolio. Other good points are: MTR didn’t sell just for cash. The SFR stock gives us a continuing stake in T3 and the rest of the MOD land, as well as access to the rest of SFR"s assets. 4% future dividend from SFR, worth about £1 million p.a. MTR retains 2% of future T3 profits, with no mine funding liability Our MOD options are now realised and have been converted into real, tradeable SFR stock. Our SFR holding alone is now worth more than MTR’s entire current market cap, valuing Kalahari and our Thai lithium prospects at zero - any discoveries there are all gain. SFR is a proper liquid stock, so it could easily be cashed if MTR sees a good opportunity. This wasn’t the case with our MOD stock and options.

Totally_Wired 25 Jun 2019

Proactive Investors today Metal Tiger set to benefit from Sandfire’s acquisition of MOD Resources 08:42 25 Jun 2019 Metal Tiger has consistently been able to realise value from its partnership with MOD Metal Tiger Plc (LON:MTR) has said it is “pleased to note” the recommended offer from Sandfire Resources Ltd (ASX:SFR) for MOD Resources (ASX:MOD)(LON:MOD). Metal Tiger has had a long-standing relationship with MOD exploring for copper in Botswana. It currently holds a substantial stake in MOD, having converted its stake in a joint venture directly into shares. All told, Metal Tiger’s interests in MOD and assets related to the joint venture that are set to be realised by the Sandfire offer have a combined total value of £23.2mln. That’s a nice return on the £7.7mln Metal Tiger has invested in the MOD joint venture over the years. The Sandfire offer for MOD amounts to 0.0664 shares for every MOD share, which values MOD at A$0.45 per share. Metal Tiger will take its consideration in Sandfire shares, and will accordingly end up holding around 3.5% of Sandfire. [link]