Proactiveinvestors RSS feed en Sat, 20 Oct 2018 20:44:45 -0400 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[News - Metal Tiger reveals 'encouraging' initial results from mining study of T3 copper project ]]> Metal Tiger PLC (LON:MTR) said initial results from a mining study of the T3 copper project in Botswana have been “encouraging”.

The company said the study of the joint venture project with MOD Resources Limited supports the start of a 30-hole resource drilling programme targeting high-grade veins with underground mining potential.

READ: Metal Tiger urges dismissal of Kingsgate board in extraordinary meeting to be held in January

So far 45 drill holes at the T3 have returned significant vein hosted copper mineralisation intersections below, down-dip and along strike from the planned open pit.

"We are very encouraged by the initial findings of the T3 Underground Project investigations and the prospect that room-and-pillar underground mining of the high-grade copper/silver veins, developed simultaneously to the planned T3 Open-Pit mine could make a substantial contribution to the T3 profitability," said Metal Tiger chief executive Michael McNeilly.

READ: Metal Tiger details further progress at T3 copper project

"Sharing a planned central scalable processing plant at T3 between both the T3 surface and underground mining operations and possible neighbouring deposits is an attractive proposition in the precursory modelling."

The joint venture will work towards the release of a T3 scoping-study by mid-2018.

Thai report received for mine restart projects

In a separate statement, the company said it had received a final report from Groundwater Research Institute, at the Khon Kaen University in Thailand, in relation to the Song Toh and Boh Yai lead-zinc-silver projects.

It is part of a development plan designed to bring the two mines back online, following an IPO of the joint venture vehicle KEMCO Mining PLC.

The report - "Hydrogeology near the planned Underground Lead-Zinc Mining at Song Toh and Boh Yai areas in Kanchanburi Province" - is based on six months of field and lab work.

Thu, 07 Dec 2017 07:20:00 -0500
<![CDATA[News - Metal Tiger quarterlies highlight progress in Botswana and Thailand ]]> 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.

Tue, 01 Nov 2016 08:06:00 -0400
<![CDATA[Media files - “Immense opportunities in the market with a tonne more to do", says Metal Tiger chief ]]> Fri, 05 Aug 2016 06:25:00 -0400 <![CDATA[News - Metal Tiger "extremely pleased" with latest drill results ]]> Natural resource investor Metal Tiger PLC’s partner (LON:MTR) has found more significant copper deposits at its Kalahari Copper Belt project.

Latest drilling by MOD Resources (ASX:MOD), which owns 70% of the project in Botswana, included an intersection of 28m at 1.76% from a depth of 103m.

The same hole also yielded a much smaller intersection at 3.32% copper from a depth of 93m, as well as two more intersections of more than 1.35%.

The second and third holes were less striking, but still had decent grades.

“We are extremely pleased to see the latest assay data from the Kalahari Copper Belt Joint Venture,” said Metal Tiger’s chief executive Paul Johnson.

“As sentiment in the mineral sector grows in to a recovery phase, Metal Tiger is in an exciting position having a project of this nature at the core of our interests.”

Fri, 20 May 2016 14:37:00 -0400
<![CDATA[News - Metal Tiger buys stake in Thor Mining ]]> Metal Tiger plc (LON:MTR) continues its bid to build a diverse range of mining investments - taking 400mln shares in London and Australia listed Thor Mining PLC (LON:THR) in a placing.

It has bought the shares for £100,000 and it will also receive one warrant for 0.025p with a life of 30 months.

It now owns 6.97% of Thor's capital.

Thor has a portfolio of properties in the Northern Territory, Australia and in Western Australia. Thor also owns the Pilot Mountain tungsten project in Nevada, USA.

Metal's chief executive Paul Johnson said: "Metal Tiger continues to build a diverse range of natural resource investments around what we believe is the bottoming phase in natural resource microcap and junior equities.

"Today's investment is another step in our building process and comes at a time when Thor Mining has recently experienced a strengthening of its finances through the sale of Spring Hill thus enabling it to orientate toward existing and potentially new project development.

"We look forward to monitoring developments at Thor Mining with interest."

Metal Tiger shares eased 2.38% to 4.10p on the day.

Tue, 17 May 2016 12:22:00 -0400
<![CDATA[News - Metal Tiger Plc invests in Conroy Gold and Natural Resources Plc ]]> Metal Tiger Plc (LON:MTR) has invested £125,000 in Irish exploration group Conroy Gold and Natural Resources (LON:CGNR).

It has agreed to buy 675,675 Conroy Gold shares priced at 18.5p each. It also receives warrants to acquire more shares at 37p each over a 30 month period.

The share subscription gives Metal Tiger a 6.1% stake in Conroy.

Paul Johnson, Metal Tiger chief executive, described the investment in Conroy Gold as an important step.

“The undervaluation of resource companies on AIM continues as demonstrated by Conroy Gold who have identified a substantial mineralised gold system and continue to confirm additional gold targets across their licence portfolio,” Johnson said.

“With the investment today we are supporting Conroy Gold in their pursuit of progress on the ground and we look forward to hearing of further developments in due course."

The Metal Tiger investment is part of a larger £1mln (€1.28mln) share placing designed to fund the advancement of Conroy’s principal gold opportunities, particularly the Clay Lake and Clontibret targets where it has a 5mln ounces of gold targets.

Professor Richardson Conroy, Conroy Gold chairman, in a statement, said: “We are particularly pleased to have raised a material sum enabling us to continue and accelerate our operational activities. 

“We are also pleased to have attracted the interest of Metal Tiger which approached us to undertake and underpin this financing.”

Wed, 04 May 2016 15:56:00 -0400
<![CDATA[News - Metal Tiger updates investors important and value generating period ]]> 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."

Tue, 03 May 2016 16:12:00 -0400
<![CDATA[News - Metal Tiger reveals results from Botswana exploration ]]> Metal Tiger plc (LON:MTR) chief executive Paul Johnson has told investors that the company’s understanding of the ‘subsurface’ at its joint venture project in the Kalahari Copper Belt, in Botswana, is building through drilling operations.

"The joint venture partners are making tremendous progress with the exploration campaign and we now have multiple drilling rigs active on the ground,” Johnson said.

New drill results were released this morning.

A second batch of assays from a reverse circulation drill programme includes data from the T3 or Target 3 prospect area.

Drill hole MO-G-12R, which is the third to be drilled on T3, cut 52 metres of mineralisation with a copper grade of 2% from a depth of 78 metres. It included 14 metres at a higher grade of 3.4% copper and 72.7 grams per tonne silver.

The best single sample from the hole measured 1 metre with 6.9% copper and 156 g/t silver..

Additionally, MO-G-13R encountered 3 zones of mineralisation, with a composite 53 metres with 1.11% copper.

So far a total of nine RC drill holes have been completed.

“Exploration drilling is a key test of a project's potential and so far we have been delighted with the exceptional results encountered.  Should this drilling success continue, we believe that the joint venture partners will have a very valuable opportunity,” Johnson added.

“Investors can expect a regular stream of news from Botswana over the coming weeks and months."

Johnson also highlighted that Metal Tiger’s ‘qualified person’ - Nick O'Reilly - is currently onsite reviewing the drilling and sampling procedures and the reverse circulation and diamond core drilling programmes. The exploration work has been found to comply with industry best practice and is being conducted in an organised and efficient manner, Johnson said.

Metal Tiger has a 30% stake in the Botswana venture alongside partner MOD Resources.

Thu, 14 Apr 2016 07:57:00 -0400
<![CDATA[Media files - Metal Tiger boss “hugely excited” by Bostwana mine ]]> Fri, 08 Apr 2016 16:03:00 -0400 <![CDATA[News - Metal Tiger PLC reveals encouraging results from Botswana project ]]> Metal Tiger plc (LON:MTR) has highlighted what it described as further encouraging assay results from the ongoing drilling programme in the Kalahari copper belt in Botswana.

Drill hole MO-G-11R, the second hole in the Target 3 (T3) area, unearthed 14 metres of mineralisation with a grade of 1.97% copper, which included 7 metres with 2.9% copper.

The AIM quoted group has a 30% stake in the venture alongside partner MOD Resources (ASX:MOD).

“We are fortunate to have secured a significant position alongside MOD in what is potentially a significant opportunity,” said chief executive Paul Johnson.

“As previously advised the nature and tenor of mineralisation is very interesting and we are rapidly gathering data to better understand and assess the geology.”

Johnson described it as “exciting times” for Metal Tiger and partner MOD Resources, and highlighted that more results were expected in the near term.

He added: “Let me assure investors that the technical teams involved with Botswana are very enthused by the exploration findings to date. 

“MOD is gearing up operationally and there are multiple drilling rigs now engaged on the property.”

Fri, 08 Apr 2016 08:38:00 -0400
<![CDATA[Media files - Metal Tiger Plc boss on ‘phenomenal’ Thailand opportunity ]]> Fri, 01 Apr 2016 14:18:00 -0400 <![CDATA[News - Metal Tiger Plc confirms Spanish tungsten stake acquisition ]]> Metal Tiger (LON:MTR) confirmed it has completed its acquisition of a 50% stake in a Spanish tungsten project.

With a €500,000 investment the company has taken a 50% interest in Logrosán Minerals Ltd, the ultimate holdings company for the Logrosán mineral project where tungsten mineralisation was identified in a 2015 drill programme.

Partners in the Logrosán are currently reviewing the best route to further increasing value in the project, Metal Tiger said.

Additionally, Metal Tiger also highlighted that ‘due diligence’ drilling has been completed at the Maria project, where the focus is primarily on gold, and samples have now been sent for laboratory analysis.

The Maria agreement has been extended until March 31, to allow Metal Tiger more time to decide whether it wants to bring the project into the joint venture in Spain alongside the Logrosán project.

Various other opportunities are also under review, the company added.

Paul Johnson, Metal Tiger chief executive, said: “We see an opportunity to build a diversified Spanish investment group that could justify its own listing, in due course.”

He added: The progress achieved to date in Spain is highly encouraging and we are looking to build further on our success to date. 

“We have conducted due diligence drilling at Maria Project in conjunction with our Logrosán partners MEN Finland and if the results are sufficiently attractive we may look to expand our joint venture agreement to include Maria.”

In a separate stock market statement on Wednesday morning, quoted natural resources investor Paternoster Resources (LON:PRS) announced it had sold 6mln Metal Tiger shares at an average price of 2.775p, for a total of £ 166,500 before expenses.

Paternoster highlighted it made a three-time return on its investment, and it continues to hold 21mln Metal Tiger shares which equate to 4.7% of the company.

Nicholas Lee, Paternoster chairman, said: "Metal Tiger has been making excellent progress and we are very pleased that this is now being recognized in the company's share price performance. 

“We continue to be supportive of the company and its management team.

“However, notwithstanding this, it is only prudent for an investment company such as Paternoster to realise an element of the substantial gain that it has made from this investment.”

Wed, 16 Mar 2016 07:24:00 -0400
<![CDATA[News - Metal Tiger and Ariana team eye lithium-tantalum plays ]]> Metal Tiger (LON:MTR) has teamed up with Ariana Resources (LON:AAU) for a new venture in the Malay Peninsula.

A memorandum of understanding has been signed between the partners for exploration and development of lithium-tantalum opportunities in Thailand and Myanmar.

They intend to collaborate on lithium-tantalum projects on a 50-50 basis.

A detailed review of Thailand lithium prospectivity and the partners have already identified numerous targets for further investigation. Additionally, licence applications over suitable targets will be submitted by Metal Tiger's Thai JV operating partners.

Paul Johnson, Metal Tiger chief executive, said: “The Metal Tiger Thai JV team have longstanding experience of working in Thailand and the team includes geologists with an understanding of the potential lithium-tantalum prospectivity in country. 

“The work undertaken to date reviewing this prospectivity has highlighted numerous targets in respect of both in-situ mineralisation and tailings that may be processed further.”

Ariana managing director, Kerim Sener, meanwhile, said: “"We are very pleased to enter this collaborative framework with Metal Tiger on lithium-tantalum opportunities in the Malay Peninsula.”

“The Malay Peninsula is significantly prospective for lithium-tantalum mineralisation associated with the pegmatite vein systems that once supported an extensive tin mining industry. 

“Through this agreement, we now have a partnership with a trusted local operator, with which we are aiming to secure several high-quality exploration projects.”

Tue, 01 Mar 2016 15:41:00 -0500
<![CDATA[News - Metal Tiger JV gets green light in Botswana; drilling starts next week ]]> Metal Tiger (LON:MTR) said the Botswana government has formally agreed the transfer of 14 licences into a joint venture company it has with Australian firm MOD Resources (ASX:MOD).

This was the final piece of paperwork ahead of a staged, six month drilling campaign which will assess the potential of this 6,300 square kilometre slice of the Kalahari copper belt, an area that is also prospective of silver.

The AIM-listed mining investor set up a 30/70% JV with MOD that will hold the licences. They were previously owned by Discovery Mines and are right next to MOD's Mahumo Project.

As part of the agreement, the authorities have extended the licences out to the end of 2016 and the renewal process will begin later this year.

A number of “high priority targets” have already been identified and drilling will begin next week.

“We are delighted to see the rapid progress being achieved in Botswana by our partners MOD Resources,” said Metal Tiger chief executive Paul Johnson.

“The acquisition of highly prospective interests is an important step in the value creation process, but the real test is the extent of mineralisation as determined by properly evaluating the ground and drilling.” 

Thu, 11 Feb 2016 08:08:00 -0500
<![CDATA[News - Metal Tiger advancing Thai due diligence ]]> Metal Tiger (LON:MTR) has confirmed it is now possible to proceed with its proposed acquisition in Thailand.

The company, in November, agreed an option deal to acquire 90% of South East Asia Mining (SEAM) assets in Thailand, though the deal was subject to a number of conditions including approval of SEAM shareholders.

At a meeting on January 12 the proposed transaction was given the go-ahead by SEAM shareholders, and subsequently Metal Tiger says it is now moving forward with the deal.

Due diligence work continues, and Metal Tiger staff have been on the ground in Thailand to determine the technical and commercial viability of the deal.

“Progress with due diligence has been very positive to date from a technical perspective and whilst we remain optimistic that this transaction will proceed as planned, there can be no guarantee at this time that Metal Tiger will elect to exercise the option,” the company said in a statement.

“We are continuing to complete a number of standard due diligence steps and will report back to the market in due course.”

Metal Tiger paid US$30,000 in November, and an initial US$500,000 is payable if it decides to take up the option.

Tue, 19 Jan 2016 13:05:00 -0500
<![CDATA[News - Metal Tiger chairman becomes largest shareholder ]]> AIM quoted natural resource investor Metal Tiger (LON:MTR) has told investors that its chairman has become its largest shareholder following a share subscription.

Chairman Terry Grammer is personally investing £240,000 into the company, buying 30mln new shares at a price of 0.8p each – which was the mid-market price at the time the transaction was agreed.

Grammer also receives share warrants for a further 30mln new shares, exercisable at 1.6p over an eighteen month period.

Metal Tiger said the capital injection would be used to accelerate its activities.

Chief executive Cameron Parry highlighted that in the current resource market climate the magnitude if Grammer’s investment “would be noted by investors who currently hold shares and those monitoring Metal Tiger.”

“Terry has a history of involvement with companies that have multiplied early investors capital many fold. 

“His direct involvement in the identification of all three Metal Tiger strategic interests, followed by this substantial investment in the company, is something we trust will give investors justifiable confidence in the company's direction."

He added: “As a company over the last 18 months we have set our stall out in the resources sector in readiness for the inevitable recovery. 

“We have been fortunate that through trading gains and financings we have been able to acquire a trio of strategic resource project interests in Botswana, Spain and Thailand, each of which have tremendous upside potential.”

Grammer’s investment will see him own 8% of the AIM quoted company’s shares.

Mon, 14 Dec 2015 12:39:00 -0500
<![CDATA[Media files - Metal Tiger’s Johnson excited by MOD tie-up in Botswana ]]> Tue, 10 Nov 2015 13:53:00 -0500 <![CDATA[News - Metal Tiger targets Botswana Copper belt with latest deal ]]> Metal Tiger (LON:MTR) has negotiated a low cost entry into a potentially high upside partnership focused on Botswana’s Kalahari Copper Belt.

It is teaming up with ASX-listed MOD Resources to form Metal Capital, with UK firm owning 30% of the joint-venture.

The plan is that, via a 100%-owned local company Tshukudu Botswana Metals, Metal Capital will acquire 14 prospecting licences owned by Discovery Mines, which is now in voluntary administration.

The copper and silver areas are adjacent MOD's Mahumo Project.

A total of seven priority targets identified provide opportunity for early, low cost exploration success, said Metal Tiger, which is stumping up an initial US$100,000.

The company said it and Patterson Securities will help find further funding in Australia and the UK to allow MOD to continue work in Botswana.

The deal was introduced by Metal Tiger’s chairman, the renowned geologist Terry Grammer.

He and MOD managing director Julian Hanna took Australia-listed Western Areas from a valuation of A$10mln to become an ASX 200 company valued at more than A$800mln.

Metal Tiger chief executive Cameron Parry said he was “delighted” with the joint-venture deal.

Tue, 10 Nov 2015 08:04:00 -0500
<![CDATA[News - Logrosan joint venture review underscores its potential, says Metal Tiger ]]> A review of exploration progress at Metal Tiger’s (LON:MTR) Logrosan joint venture in Extremadura, Spain has underscored its robust potential.

The summer drilling season has shown extensive evidence of tungsten mineralisation with high-grade assays, the firm said, and the review showed the potential for more of the resource along strike.

Tungsten deposits have now been identified at targets one and two.

Chief executive Cameron Parry told investors: "The findings to date are significant and could build upon what is emerging as an extremely attractive and potentially high-grade tungsten deposit and lead into a resource development project that may hold considerable commercial value.

 "We are now working with our Joint Venture partners to scope out how we should continue our work and build the commercial value of this important asset."

The project is held with UK-based special purpose vehicle Logrosán Minerals.

Metal Tiger can earn into a maximum 50% interest by investing up to €500,000

Thu, 29 Oct 2015 07:14:00 -0400
<![CDATA[News - Metal Tiger set to take control of Thai venture ]]> Metal Tiger’s (LON:MTR) expansion has taken another forward step as it secured an option to take  control of its Thailand venture.

For a total of US$50,000, it can acquire the remainder of the venture that it doesn’t already own, though the plan is to then assign 10% to a local Thai partner.

This would mean Metal Tiger’s interest in the venture would increase to 90% from 10%.

The company said it is also engaged in advanced negotiations to acquire additional Thai precious and base metal interests.

“Shareholders are well aware of Metal Tiger's strategic ambition to build a large and diversified natural resource business, and the expansion of its Thai interests is an important part of that strategy,” said chief executive Cameron Parry.

Parry added that the Metal Tiger board will this month visit Thailand to progress the transaction, and seek to expand the company’s footprint.

He also said that the company intends to follow up its “tremendous success” in Spain, where it has a joint venture that’s made two potentially substantial tungsten discoveries.

“By further expanding our interests on the ground in both Thailand and Spain we will be creating critical mass in our Direct Projects division in both countries and that makes sense from a strategic business perspective,” Parry said.

Metal Tiger is unable to disclose any specific details relating to the potential new opportunities whilst the transactions are still being finalised.

A joint venture agreement, last November, set out terms for Metal Tiger to earn up to 75% of gold and antimony project in Thailand. That agreement would see the AIM quoted company fund up to US$300,000.

The company would’ve had US$150,000 left to fund, under the prior agreement, though this option will allow it to take full ownership for a total of US$50,000 by the end of this month.

Wed, 07 Oct 2015 07:46:00 -0400
<![CDATA[Media files - Metal Tiger moving in right direction, says Johnson ]]> Wed, 30 Sep 2015 15:54:00 -0400 <![CDATA[News - Metal Tiger swims against the tide into the black ]]> Investment company Metal Tiger (LON:MTR) moved into the black after booking trading gains in the first half of the year of £534,300.

Given the company’s preferred area of investment is the natural resources sector, the performance is little short of astounding considering the travails experienced by companies in this sector.

Profit before tax was £98,800, versus a loss of £100,000 the year before.

“Notwithstanding sector conditions, the company has still delivered substantial trading gains and has advanced the Direct Projects division with new JV [joint venture] agreements, new opportunities in process pending finalisation, and considerable progress on the ground,” said company chairman, Terry Grammer.

“We look forward to the remainder of 2015 and beyond. To the investors with the guts, determination and strength of will to invest in natural resource opportunities right now - we salute you,” he added.

At the end of the reporting period the company’s cash pile stood at £538,700, up from £185,400 at the end of 2014. Investments held for trading amounted to £949,800, up from £885,000 six months earlier.

Net assets at the end of June had risen to £1.24mln from £995,700 at the end of 2014, while overall net assets had risen to £1.56mln from £1.03mln.

Shares in Metal Tiger eased a quarter of a penny to 9.25p in the morning trading session.

Wed, 30 Sep 2015 07:54:00 -0400
<![CDATA[Media files - Metal Tiger exec enthused by Logrosán tungsten grades ]]> Thu, 16 Jul 2015 16:05:00 -0400 <![CDATA[Media files - Metal Tiger’s Johnson says latest fundraise will prove valuable ]]> Fri, 26 Jun 2015 08:27:00 -0400 <![CDATA[News - Private equity firm Grassroots Exploration takes stake in Metal Tiger ]]> Mining focused private equity firm Grassroots Exploration has taken a 3.6% stake in junior resource investor Metal Tiger (LON:MTR). 

A stock exchange statement this morning revealed the purchase of 9.7mln shares made by the company at the end of April.

Grassroots was set up by Triton Minerals non-executive chairman Alan Jenks last year.

Along with its stake in Metal Tiger, Jenks’ business has already invested into Paragon Diamonds (LON:PRG) and iron ore company Ferrum Crescent (LON:FCR). 

Metal Tiger, meanwhile, has holdings in three AIM firms which it believes are on the cusp of major commercial development. 

To date, it has put £450,000 into Kibo Mining (LON:KIBO), £150,000 into Eurasia Mining (LON:EUA) and £175,000 into Ariana Resources (LON:AAU).

Its direct equities division is designed to generate short, medium and long term returns, with cash invested into the direct projects division to advance opportunities to create value. 

Other private equity houses Black Star Gold, Goldbondsuper also own stakes in Metal Tiger, while natural resources investor Paternoster Resources (LON:PRS) has a 10% stake. 

Metal Tiger shares climbed 1% to 0.93p.

Wed, 06 May 2015 09:52:00 -0400
<![CDATA[Media files - Metal Tiger’s Johnson says cash enables acceleration ]]> Thu, 23 Apr 2015 16:07:00 -0400 <![CDATA[News - Metal Tiger adds high net worth investors via strategic share sale ]]> Natural resources investor Metal Tiger (LON:MTR) has raised £175,000 though a strategic share sale.

Metal Tiger revealed it has sold nearly 20mln new shares, priced at 0.875p, the mid-market price (at the time), to high net worth individual investors who expressed an interest in directly supporting the company’s activities.

The proceeds will allow the AIM quoted group to expand further its own investing activities particularly within its Direct Project division, the company said.

"Metal Tiger is in the fortunate position of having a material amount of working capital with which to pursue its investing activities through both its Direct Equities and Direct Projects divisions,” said chief executive Cameron Parry.

Parry highlights that via its equities division it has generated sufficient working capital to be self-financing currently; nevertheless, he said the addition of the new investors would be beneficial to the group.

“The board considered that it would be beneficial to add these investors to the company's share register and that, subject to acceptable terms, the additional funding would enable Metal Tiger to expand and accelerate its plans.

“As a result we have agreed a placing at the mid-price at the time the transaction was agreed, and structured this in a similar manner to which Metal Tiger has itself invested in other AIM companies.”

As part of the share subscription the new investors are being issued warrants for a further 19.9mln new shares. The warrants can be exercised within a year of issue at a price of 1.75p each.

Thu, 23 Apr 2015 08:06:00 -0400
<![CDATA[News - Metal Tiger ups stake in Ariana Resources ]]> Metal Tiger (LON:MTR) has invested a further £100,000 into Turkish gold miner Ariana Resources (LON:AAU).

The investment vehicle, which specialises in natural resources, has bought over 11mln shares in Ariana at 0.9p apiece.

It means that, to date, Metal Tiger has invested £175,000 into Ariana with the potential to increase that to £250,000 by June should it exercise warrants priced at a minimum of 1.8p.

Kerim Sener, Ariana’s managing director, said Metal Tiger’s latest investment supports “key exploration and development activity planned for the upcoming field season”.

In a statement, Metal Tiger said: “This investment provides shareholders with an enhanced exposure to the considerable upside potential and strength of the Ariana value proposition, which potentially includes impending gold production at Kiziltepe and the possibility of a high value disposal of their interest in the Salinbas/Ardala asset."

Last week, Ariana hailed the results of a scoping study on its Salinbas gold project in north eastern Turkey.

Shares in Metal Tiger climbed 10% to 0.95p. Ariana shares were flat at 0.8p.

Tue, 07 Apr 2015 15:28:00 -0400
<![CDATA[News - Metal Tiger shares surge as plans Logrosan joint venture exploration ]]> Metal Tiger (LON:MTR) saw shares rise as it revealed regular news flow can be expected this year from work at its Logrosan gold and tungsten joint venture in Spain.

Earlier this month the group entered a joint venture with Logrosan Minerals, a special purpose vehicle, for a 50% share, in the area, which comprises one licence and two licence applications in Extremadura, Spain.

Metal Tiger's chairman Terry Grammer will be back on the ground next week to work with the local team on this year's exploration programme, the firm said.

Initial exploration has delineated six target areas for detailed investigation, with targets 1 to 3 prioritised for this year's programme.

The first is an isometric arsenic anomaly 2.4km by 1.5km, while the second is characterised by four tungsten anomalies in an area 1.2km by 1km.

The third area is an As-W-Sn anomaly -  arsenic-tungsten-tin - where there is much evidence of previous underground workings and crushing facilities.

Metal Tiger is to fund up to the next €500,000 in exploration - the first payment being €100,000 and the balance of up to a total of €500,000 to be transferred over the rest of 2015.

If Metal Tiger provides the total of  €500,000 funding it will hold 50% of the equity in Logrosan Minerals.

Metal Tiger shares added 10% to 0.825p in early deals.

Mon, 30 Mar 2015 09:48:00 -0400
<![CDATA[News - Investors get their teeth into Metal Tiger ]]> Rocked by a three-year-old downturn in metal prices, investors in small cap mining stocks have been licking their wounds of late.

The same can't be said for AIM-listed Metal Tiger. Despite starting its new life at what many consider to be the bottom of the resource cycle, the firm has wasted no time rooting out opportunities.

Since its launch in mid-2014, the company has invested in three junior AIM stocks which it believes are on the cusp of major commercial development.

It has put £450,000 into Kibo Mining, £150,000 into Eurasia Mining and £75,000 into Ariana Resources.

Exploration joint ventures with third parties include gold, copper and antimony interests in Thailand, gold and tungsten in Spain and gold and uranium exploration in Tanzania.

Quick and confident progress in what's become a drawn-out bear market where traditional types of funding remain severely limited.

"Our goal is to take advantage of what we believe are the tremendous buying opportunities currently out there," chief executive Cameron Parry told Proactive Investors.

"Despite the challenging market, good companies remain good companies, and quality projects still need funds. From a contrarian perspective, the time to invest in those companies and exploration projects is when valuations are extremely low and general interest in the resource sector is minimal."

Although the firm wouldn't miss a bargain, Metal Tiger has made a large portion of its investment at mid-market prices, a move which Parry says shows respect.

"Injecting funds can be quite timely for these companies. We want to show respect for their value and don't want to break momentum or create a drag on their share price by investing at a heavily discounted price."

And, given that the market isn't paying any sort of premium for companies, the business finds itself in a fortunate position.

Overall, there are three core factors upon which Parry and his team, which includes ASX Top 200 Sirius Resources' (ASX:SIR) Terry Grammer as chairman, and ECR Minerals' (LSE:ECR) Paul Johnson as the other executive director, judge whether or not to get involved in a project or company.

First, the team finds people they believe can get the job done and build value, ie the quality of management.

Then it's a case of looking into the stage and development of the company or projects.  The third factor is the financial opportunity and the deal.

"While others are being defensive, we are being aggressive and I'm really bullish about our window of opportunity," adds Parry.

Today, the firm told investors that it is on the road to growth and is now able to self-finance activities.

Shareholders are starting to take note - shares are up 14% today and with a market value of just under £2mln - there's plenty of room for growth.

"Anyone who wants to get a feel for the type of company Metal Tiger is just needs to look at what we've done already in a relatively short space of time.

"We continue to work hard to innovate, invest and create value for shareholders."

Mon, 23 Mar 2015 15:30:00 -0400
<![CDATA[Media files - Metal Tiger has reached critical mass - CEO ]]> Mon, 23 Mar 2015 10:52:00 -0400 <![CDATA[News - Metal Tiger on the road to growth ]]> Metal Tiger (LON:MTR), the natural resources investment firm, is on the road to growth and is now able to self-finance activities, it told investors.

Both its investment divisions are fully operational, it revealed in a strategic update.

Its direct equities division is designed to generate short, medium and long term returns, with cash invested into the direct projects division to advance opportunities to create value. So far, the realised and unrealised gains on the direct equities portfolio amount to over £800,000.

To date, the firm has invested in three AIM firms, which it believes are on the cusp of major commercial development. It has put £450,000 into Kibo Mining, £150,000 into Eurasia Mining and £75,000 into Ariana Resources.

Joint ventures with third parties include gold, copper and antimony interests in Thailand, gold and tungsten in Spain and gold and uranium exploration in Spain, it added.

Cameron Parry, group chief executive, said: "Metal Tiger's Direct Equities investment division has already delivered a substantial financial return to the company, fast-tracking the company's current ability to self-finance its activities.

"Metal Tiger's Direct Projects investment division now has exposure to predominantly gold, but also Tungsten, Copper, Antinomy and Uranium with active operations in Spain, Thailand and Tanzania plus working collaborations for additional Gold, Copper and Platinum-focused opportunities in Russia and Turkey."

Mon, 23 Mar 2015 07:20:00 -0400
<![CDATA[News - Metal Tiger inks Spanish gold and tungsten venture ]]> Metal Tiger (LON:MTR) announced its first exploration activity in Spain - as it struck a deal for a tungsten and gold joint venture in the country.

Following negotiations and due diligence, it has entered a joint venture with Logrosan Minerals, a special purpose vehicle, for a 50% share, in an area consisting of one licence and two licence applications in Extremadura, Spain.

Metal Tiger is to fund up to the next €500,000 in exploration - the first payment being €100,000 and the balance of up to a total of €500,000 to be transferred over the rest of 2015.

An agreed exploration programme includes up to 5,000 metres of drilling.

If Metal Tiger provides the total of  €500,000 for 2015 exploration programme funding it will hold 50% of the equity in Logrosan Minerals.

Chairman of Metal Tiger Terry Grammer told investors: "Metal Tiger is pleased to be commencing its first exploration activities in Spain.

"The board determined this Spanish project, based on the detail and level of work that had already been undertaken, and the commercial terms agreed, made this joint venture a stand-out opportunity for Metal Tiger and its shareholders.

"Metal Tiger shall provide a follow-up detailed update about historic data and we look forward to reporting on findings under the JV over the course of this year."

More follows...

Mon, 16 Mar 2015 08:21:00 -0400