Metal Tiger PLC Thailand Timeline
10 February 2017 - 7:24PM
RNS Non-Regulatory
TIDMMTR
Metal Tiger PLC
10 February 2017
Metal Tiger Plc
10 February 2017
Metal Tiger Plc
("Metal Tiger" or the "Company")
Thailand Timeline
Metal Tiger (LON: MTR), the natural resources investing company
wishes to highlight that a copy of an estimated 2017 time line for
the Thai Joint Venture including envisaged IPO is now available at
the following link:
http://www.metaltigerplc.com/index.php/timeline/download?path=Downloads%252FTime%2BLine.pdf
Project Progress:
It is also worth noting the progress of the following
studies:
- The Mine Plan is substantially complete and the update of the
Resource is progressing at pace with the team working to a tight
deadline. The building of a 3D model of the two mines using
historical production, drill core, stope sampling, and lithological
interpretation data, all digitalized from hand drawn maps and log
books into mapping formats is supporting the process. The Mine Plan
will be amended once the Resource has been updated. Translation
into Thai for submission is about to commence.
- Work towards the Environmental Impact Assessment report is
underway, as is data collection for a Hydrogeology Study that will
produce a subsurface water flow model.
- A wet season environmental baseline study has been completed.
- The Economic Contribution Assessment has been completed but
will be updated following the Resource update.
- Nineteen 2-2.5m deep channel samples have been taken from the tailings pond for analysis.
It is also worth noting that the team has the benefit of several
studies and work concluded during 2011-2013 by the previous owners
of the project, including:
- Tailings pond expansion plan
- Geotechnical study
- Site rehabilitation and reclamation plan
- NI 43-101 and Preliminary Economic Assessment model
- Exploration work, including rock chip sampling, soil
geochemistry, ground IP geophysics, airborne magnetics and
radiometrics.
Michael McNeilly, CEO of Metal Tiger plc commented: "The
management team for the Thai Joint Venture has significant in
country project development and operating expertise and this is
proving invaluable and being demonstrated through the progress
occurring to complete the studies before the envisaged IPO towards
the end of Q2 2017. Further updates will be made in due course with
regard to the IPO progress as well as Board composition of the Thai
Listco."
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly(Chief Tel: +44(0)20 7099
Executive Officer) 0738
Keith Springall (Finance Tel: +44 (0)207099
Director & Company 0738
Secretary)
Sean Wyndham-Quin Spark Advisory Tel: +44 (0) 2033
Neil Baldwin Partners Limited 683 555
(Nominated www.sparkadvisorypartners.com
Adviser)
Nick Emerson SI Capital Tel: +44 (0)1483
Andy Thacker (Joint Broker) 413 500
Andrew Monk VSA Capital Tel: +44 (0)20 3005
Andrew Raca Limited 5000
(Joint Broker)
Gordon Poole Camarco Tel: +44 (0)203
James Crothers (Financial 757 4980
PR)
Notes to Editors:
Metal Tiger plc is listed on the London Stock Exchange AIM
Market ("AIM") with the trading code MTR and invests in high
potential mineral projects with a precious and strategic metals
focus.
The Company's target is to deliver a very high return for
shareholders by investing in significantly undervalued and/or high
potential opportunities in the mineral exploration and development
sector timed to coincide, where possible, with a cyclical recovery
in the exploration and mining markets. The Company's key strategic
objective is to ensure the distribution to shareholders of major
returns achieved from disposals.
Metal Tiger's Metal Projects Division is focused on the
development of its key project interests in Botswana, Spain and
Thailand. In Botswana Metal Tiger has a growing interest in the
large and highly prospective Kalahari copper/silver belt. In Spain
Metal Tiger the Company has tungsten and gold interests in the
highly mineralised Extremadura region. In Thailand Metal Tiger has
expanding interests over licences, applications and critical
historical data covering antimony, copper, gold, silver, lead and
zinc opportunities.
The Company has access to a diverse pipeline of new
opportunities focused on the natural resource sector including
physical resource projects, new natural resource centred
technologies and resource sector related fintech opportunities.
Pipeline projects deemed commercially viable may be undertaken by
Metal Tiger or by an AIM or NEX Exchange (formerly ISDX) partner
with whom the Company is engaged.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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