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Metal Tiger updates investors important and value generating period

Metal Tiger shares gained as much as 400% in recent months as it advanced its own exploration projects.
Mining vehicle, represents mining industry
“Across all material areas of our business we have made tremendous progress.”

Metal Tiger Plc (LON:MTR) chief executive Paul Johnson described the start of 2016 as “one of the most important and value generative periods” in the company’s history.

“Across all material areas of our business we have made tremendous progress,” he said.

On AIM, Metal Tiger shares gained as much as 400% in recent months as it advanced its own exploration projects, and continued investing in other natural resources companies.

In Botswana, the company has a 30% stake in an exploration project which spans about 6,300 square kilometres in the Kalahari copper belt where it has seen early drilling success has indicated a substantial mineralised system.

In Thailand, meanwhile, it has a 90% interest in two high grade silver-lead-zinc mines which may be brought back into production.

A Spanish joint venture, 50% owned, has concluded its first exploration programme and significant tungsten and gold mineralisation, and negotiations are underway to acquire additional gold interests.

“We aim to build Metal Tiger into a substantial precious and strategic metals investing company and so far we have made very good progress,” Johnson said in a statement.

“This aim is achievable by the acquisition of interests in very high potential mineral projects on the ground, where we can add our financing strength to support exceptional JV operating partners.

“All the Metal Tiger team are working very hard, in London or in the various jurisdictions where our JV partners operate and I would like to thank the team for their commitment.”

He added: “We now sit in a recovering natural resource market, with a diverse and highly attractive portfolio of interests where we aim to generate value, crystallise gains and at appropriate junctures distribute substantial value to shareholders."

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