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Metal Tiger and Ariana team eye lithium-tantalum plays

The new partners will seek exploration and development opportunities in Thailand and Myanmar.
Metal Tiger and Ariana team eye lithium-tantalum plays
They will be 50-50 partners in new projects.

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.”

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October 01 2018

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