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Metal Tiger quarterlies highlight progress in Botswana and Thailand

Quarterly results from Metal Tiger have underlined progress on many fronts, as well as changes at board level
Metal Tiger quarterlies highlight progress in Botswana and Thailand
The Botswana joint venture has already delivered a significant copper resource

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.

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