http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Mon, 19 Feb 2018 19:40:55 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - MOD Resources Investment Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180212005887/ Mon, 12 Feb 2018 16:13:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180212005887/ <![CDATA[RNS press release - On Market Purchase in Thor Mining ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180208005544/ Thu, 08 Feb 2018 10:05:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180208005544/ <![CDATA[RNS press release - Publication of Investor Presentation ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20180205094258_13521359/ Mon, 05 Feb 2018 09:42:58 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20180205094258_13521359/ <![CDATA[RNS press release - Director Dealing ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180205005367/ Mon, 05 Feb 2018 09:18:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180205005367/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20180202140529_13520220/ Fri, 02 Feb 2018 14:05:29 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20180202140529_13520220/ <![CDATA[RNS press release - Price Monitoring Extension ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20180202140016_13520203/ Fri, 02 Feb 2018 14:00:16 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20180202140016_13520203/ <![CDATA[News - Metal Tiger shelves Thai IPO plans for its joint venture ]]> http://www.proactiveinvestors.co.uk/companies/news/191072/metal-tiger-shelves-thai-ipo-plans-for-its-joint-venture-191072.html Metal Tiger PLC (LON:MTR) told investors that it has decided to postpone the proposed initial public offering for its Thai joint venture “until further notice”.

It comes as the company expects a delay to the possible approval of the ‘master plan’ related to the joint venture’s Song Toh and Boh Yai lead-zinc mine projects.

The company, in a statement, said that following talks with representatives of the Thai Department of Primary Industries and Mines (DPIM), it believes the plan won’t be considered until March - albeit, it added that there’s no guarantee on any exact timing or approval for the projects.

READ: Metal Tiger reports 'significant step' towards IPO of Thai mining joint venture

Metal Tiger explained that it is prudent to postpone the IPO, due to the uncertainty over the plan and/or the potential designation of the Song Toh and Boh Yai deposit areas for mining.

At the same time, the company has undertaken an operational review of the venture and has put in place what is described as a “substantial cost cutting program” and has halted all capital intensive programmes for the project.

“Internal DPIM guidance on holding public hearings is expected to be published following the Master Plan being approved,” Metal Tiger said in a statement.

“Holding this public hearing is the first step in the permitting process and is a key condition precedent for any IPO.

“The company is ready to make its initial submission for the permitting process for the two lead-zinc-silver mines upon approval of the Master Plan and completion of the public hearing process. The majority of the work for the Thai IPO has been largely completed and any resumption of work on the IPO would require relatively modest updates.”

WATCH: Metal Tiger very pleased with Pre-Feasibility Study on Botswana copper joint venture

The company added: “Metal Tiger has had encouraging preliminary conversations with its JV partner in relation to the terms of the current JV and is seeking an improved deal given the circumstances and the significant work completed to date.

“Any deal would be for minimal consideration, in light of Metal Tiger’s significant contributions to the project to date, and would be conditional on the Master Plan being approved.”

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Fri, 02 Feb 2018 12:37:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/191072/metal-tiger-shelves-thai-ipo-plans-for-its-joint-venture-191072.html
<![CDATA[RNS press release - KEMCO PLC IPO Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180202005226/ Fri, 02 Feb 2018 12:15:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180202005226/ <![CDATA[Media files - Metal Tiger very pleased with Pre-Feasibility Study on Botswana copper joint venture ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8687/metal-tiger-very-pleased-with-pre-feasibility-study-on-botswana-copper-joint-venture-8687.html Wed, 31 Jan 2018 13:57:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8687/metal-tiger-very-pleased-with-pre-feasibility-study-on-botswana-copper-joint-venture-8687.html <![CDATA[RNS press release - Kingsgate Investment Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180131005545/ Wed, 31 Jan 2018 08:33:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180131005545/ <![CDATA[News - Metal Tiger says Pre-Feasibility Study for Botswana copper joint venture looks “very robust” ]]> http://www.proactiveinvestors.co.uk/companies/news/190886/metal-tiger-says-pre-feasibility-study-for-botswana-copper-joint-venture-looks-very-robust-190886.html Metal Tiger PLC (LON:MTR) said the completed Pre-Feasibility Study (PFS) for its joint venture project with partner MOD Resources Limited (ASX:MOD) in the Kalahari Copper Belt in Botswana for the T3 Open-Pit looks “very robust”.

In a statement, the AIM-listed investor in strategic natural resource opportunities said the PFS concludes that T3 offers “a low-risk, low capital pathway to copper production supported by improving confidence in the long-term consensus copper price”.

READ: Metal Tiger reveals Botswana plans ahead of imminent prefeasibility study for T3 project

It added that the PFS Base Case with plant throughput of 2.5mln tonnes per annum indicates circa US$730mln of underlying earnings (EBITDA) over 9 years, while the PFS Expansion Case indicates potential for circa US$1.1bn of EBITDA over 12 years.

The firm said the PFS also indicates net pre-tax cashflow of US$530mln, inclusive of development capital, annual free cash flow of US$77mlm before tax from the production start, and a payback of 2.7 years from production start.

Michael McNeilly, Metal Tiger’s chief executive officer commented: “The fact that the JV has taken from discovery to a very robust PFS in little more than twenty-two months is tantamount to the level of work and commitment all the stakeholders have put in to the project.”

He added: “It Is exciting to report that with the robust PFS results to hand both Metal Tiger and MOD are unified in our commitment to progress the project to the next level, and will be commissioning further studies to upgrade understanding to a Feasibility Study level, with work due to commence this quarter.”

MOD Resources owns 70% of the Botswana joint venture, while Metal Tiger has a 30% stake.

Kingsgate sale

In a separate announcement, Metal Tiger also announced that it has sold its remaining shares in Kingsgate Consolidated Limited, bringing its holding down from 11,504,685 shares in KCN to zero. It said that the gross proceeds from the share sales were circa A$3,464,668 (£1,973,209).

Michael McNeilly, commented: “Metal Tiger has decided to sell out of its entire KCN stake to materially increase the cash balance so that it can focus on its existing investments and assess new investment opportunities.”

 -- Adds Kingsgate share sale news -- 

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Wed, 31 Jan 2018 08:12:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190886/metal-tiger-says-pre-feasibility-study-for-botswana-copper-joint-venture-looks-very-robust-190886.html
<![CDATA[RNS press release - T3 Pre-Feasibility Study Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180130006557/ Wed, 31 Jan 2018 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180130006557/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20180130182231_13515207/ Tue, 30 Jan 2018 18:22:31 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20180130182231_13515207/ <![CDATA[RNS press release - On Market Purchase Thor Mining ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180128005114/ Mon, 29 Jan 2018 07:51:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180128005114/ <![CDATA[News - Metal Tiger reveals Botswana plans ahead of imminent prefeasibility study for T3 project ]]> http://www.proactiveinvestors.co.uk/companies/news/190607/metal-tiger-reveals-botswana-plans-ahead-of-imminent-prefeasibility-study-for-t3-project-190607.html Metal Tiger PLC (LON:MTR) has updated investors on the joint venture with MOD Resources Limited (ASX:MOD) in Botswana where a prefeasibility study, for the T3 Open Pit project, is due to be completed in the coming days.

The company highlighted that the study, anticipated before the end of January, will assume a 2.5mln tonne per annum base case at T3 and it is intended that drilling will continue through the first half of 2018 to define resources at the project.

At the same time, it added that a major regional exploration programme is also underway focussing on targets outside the T3 area – testing areas such as the ‘T3 Dome’, ‘T20 Dome’ and ‘T Rex’ targets.

The plan is to replicate the approach taken in the discovery of the T3 Open Pit area such as soil sampling, geophysics & drill testing.

“We are pleased to outline the key elements of our comprehensive strategy to test the copper potential of our tenement holdings outside of the immediate T3 Project area,” said Michael McNeilly, Metal Tiger chief executive.

“Given the initial findings of the joint venture’s regional soil and geophysics programmes, and the increased knowledge of the structural controls and mineralisation styles likely linked to the new copper and zinc anomalies, we feel that the continued investment through regional drill testing is likely to yield exciting returns.”

McNeilly added: “Benefiting from the updated knowledge of the distribution and style of copper deposits in this part of the Kalahari Copper Belt, we consider it a strong possibility, that one or more of the regional anomalies, within our extensive tenement package, will turn out to be an as-yet undiscovered T3 style sediment hosted copper deposit.”

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Thu, 25 Jan 2018 08:10:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190607/metal-tiger-reveals-botswana-plans-ahead-of-imminent-prefeasibility-study-for-t3-project-190607.html
<![CDATA[RNS press release - Botswana Copper/Silver Project T3 Update & Major Regional Exploration Programme ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180124006374/ Thu, 25 Jan 2018 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180124006374/ <![CDATA[RNS press release - Strategic Investment & Agreement – Thor Mining ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180123005812/ Tue, 23 Jan 2018 12:02:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180123005812/ <![CDATA[RNS press release - Kingsgate Investment Update - Replacement ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180123005657/ Tue, 23 Jan 2018 09:11:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180123005657/ <![CDATA[News - Metal Tiger cuts its stake in Kingsgate Consolidated in half ]]> http://www.proactiveinvestors.co.uk/companies/news/190451/metal-tiger-cuts-its-stake-in-kingsgate-consolidated-in-half-190451.html Metal Tiger PLC (LON:MTR) has sold just over 7.9 mln shares in Kingsgate Consolidated Ltd (ASX:KCN), bringing its holding down from just over 19 mln shares to around 11.5 mln shares.

Metal Tiger now holds 5.15% of Kingsgate’s shares.

READ: Metal Tiger says Kingsgate shareholders want change

The sale resulted in gross proceeds of A$2,686,029.

“Metal Tiger has taken the prudent decision to de-risk our Kingsgate investment by partially selling down and booking a profit,” said Michael McNeilly, chief executive of Metal Tiger.

“It does not, however, mean we are going away. We still retain more than 5% of Kingsgate and will be watching the board closely to see if they deliver on what they have promised. In the meantime we are turning the bulk of our attention to our copper/silver joint venture with MOD in Botswana, where a prefeasibility Study on T3 is anticipated shortly.”

 

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Tue, 23 Jan 2018 08:27:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190451/metal-tiger-cuts-its-stake-in-kingsgate-consolidated-in-half-190451.html
<![CDATA[RNS press release - Kingsgate Investment Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180122006772/ Tue, 23 Jan 2018 07:47:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180122006772/ <![CDATA[RNS press release - Director Warrant Conversion ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180115005519/ Mon, 15 Jan 2018 17:19:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180115005519/ <![CDATA[RNS press release - Director Share Purchase ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180111005602/ Thu, 11 Jan 2018 14:30:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180111005602/ <![CDATA[RNS press release - Kingsgate Consolidated General Meeting - Replacement ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180109005895/ Tue, 09 Jan 2018 11:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180109005895/ <![CDATA[News - Metal Tiger says Kingsgate shareholders want change ]]> http://www.proactiveinvestors.co.uk/companies/news/189722/metal-tiger-says-kingsgate-shareholders-want-change-189722.html Metal Tiger Plc (LON:MTR) chief executive Michael McNeilly said that many Kingsgate Consolidated shareholders have supported the AIM-quoted company’s views, even though the result of an EGM vote went against its proposals.

The company proposed the replacement of Kingsgate’s management. A total of eight resolutions were voted on, and 34% to 45% of shareholder votes were in Metal Tiger’s favour.

READ: Metal Tiger refutes Kingsgate claims as vote nears

All resolutions put forward by Metal Tiger were unsuccessful but the company described it as a ‘close’ result and said that the outcome has demonstrated “strong support for change” among investors.

It retains an 8.623% shareholding in Kingsgate and the company said it is currently assessing its options with regards to its stake in the Australia-listed miner.

“The close result highlights the fact that many investors supported Metal Tiger’s views,” McNeilly said.

“We presented a clear vision to restore and ultimately deliver value based on the reopening of Chatree, and we are encouraged that so many shareholders recognised this.

READ: Metal Tiger stake in Kingsgate has increased

“We also note the Government of Thailand said in a recent media release that a properly managed reactivation of Chatree would be mutually beneficial to the mine’s owner and to Thailand.

“The government also said far more can be achieved through amicable negotiations than through arbitration.”

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Tue, 09 Jan 2018 09:44:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189722/metal-tiger-says-kingsgate-shareholders-want-change-189722.html
<![CDATA[RNS press release - Kingsgate Consolidated General Meeting ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180109005804/ Tue, 09 Jan 2018 08:34:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180109005804/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180105005426/ Fri, 05 Jan 2018 14:04:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180105005426/ <![CDATA[News - Metal Tiger shares advance on record high grade assay from T3 copper project ]]> http://www.proactiveinvestors.co.uk/companies/news/189582/metal-tiger-shares-advance-on-record-high-grade-assay-from-t3-copper-project-189582.html Shares in Metal Tiger PLC (LON:MTR) advanced in London in early deals as it updated on its Botswana copper joint venture, saying the highest grade to date had been hit at the T3 project.

Its partner MOD Resources (ASX:MOD), which has 70% of the project, revealed one hole in the final batch of assays had hit 18 metres (m) at 4.3% copper and 94 g/t (grams per ton) silver from 146m.

READ: Metal Tiger refutes Kingsgate claims as vote nears

Other highlight results were 1.7 metres (m) at a grade of 4.8% copper and 81g/t silver from 175m.

"These wide high-grade copper intercepts bode well for the expected Phase 2 mineral resource upgrade expected later this month and the deeper intersections continue to support the prospect of an underground mining target below the planned T3 Open pit," said Michael McNeilly, chief executive of Metal Tiger.

He added that drilling at the site starts again next week with eight rigs turning as T3 continues to be tested along strike.

The T3 project, discovered in March 2016, lies on the Kalahari Copper Belt in northern Botswana and is part of the MOD/MTR joint venture Botswana Copper/Silver project.

READ: Metal Tiger reports 'significant step' towards IPO of Thai mining joint venture

The current phase of drilling started in August last year, with approval granted for both diamond core (DC) and reverse circulation (RC) drilling at the T3 Project and its vicinity, through to December 2018.

Metal Tiger shares advanced 3.33% to 2.325p in London.

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Fri, 05 Jan 2018 09:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189582/metal-tiger-shares-advance-on-record-high-grade-assay-from-t3-copper-project-189582.html
<![CDATA[RNS press release - Botswana Copper/Silver Project Record High Grade Intersection at T3 Deposit ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180105005251/ Fri, 05 Jan 2018 08:33:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180105005251/ <![CDATA[RNS press release - Exercise of Warrants ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180103005705/ Wed, 03 Jan 2018 14:41:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20180103005705/ <![CDATA[RNS press release - Exercise of Warrants ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171229005096/ Fri, 29 Dec 2017 10:11:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171229005096/ <![CDATA[News - Metal Tiger refutes Kingsgate claims as vote nears ]]> http://www.proactiveinvestors.co.uk/companies/news/189336/metal-tiger-refutes-kingsgate-claims-as-vote-nears-189336.html Metal Tiger PLC (LON:MTR) has refuted claims by Australian miner Kingsgate that it has no operating plan for the closed Chatree gold mine in Thailand.

The AIM-listed group has called an extraordinary meeting of Kingsgate shareholders on 9 January to remover nearly all of the board and replace them with its own nominees.

Chatree was shut down by the Thai authorities, a move the current Kingsgate board say was unjustified and it wants compensation.

Kingsgate says Metal Tiger’s plans might see an agreement with the Thai government that does not involve any recompense.

In reply to the letter, Metal Tiger, which is now Kingsgate’s largest shareholder, said it intends restart Chatree through the application for the renewal and granting of mining, processing and exploration licences by the Government of Thailand.

Discussions with the Thai Government have been initiated, it added.

Once the permits have been reissued, Metal Tiger has been advised it would be able to raise the money required to restart the mine.

A number of potential strategic equity investors had also commenced due diligence on the Chatree mine, said Metal Tiger, adding that the mine can support a conservative debt and equity package.

 

 

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Fri, 29 Dec 2017 09:31:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189336/metal-tiger-refutes-kingsgate-claims-as-vote-nears-189336.html
<![CDATA[RNS press release - Response to Shareholder Letter Issued by Kingsgate ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20171229070003_13479800/ Fri, 29 Dec 2017 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20171229070003_13479800/ <![CDATA[RNS press release - Extension of Warrant Period ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171222005107/ Fri, 22 Dec 2017 09:16:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171222005107/ <![CDATA[News - Metal Tiger stake in Kingsgate has increased ]]> http://www.proactiveinvestors.co.uk/companies/news/189159/metal-tiger-stake-in-kingsgate-has-increased-189159.html Metal Tiger Plc (LON:MTR) has told investors that it has increased its stake in Kingsgate Consolidated Limited.

In a statement at market close on Wednesday, the firm confirmed it holds 18.18mln Kingsgate Consolidated Limited shares, giving the company an 8.13% stake up from 6.7%.

READ: Metal Tiger reports 'significant step' towards IPO of Thai mining joint venture

The news comes ahead of an extraordinary meeting of shareholders, to be held on 9 January 2018, following agitation from Metal Tiger.

If Metal Tiger gets its way, a new board will be elected for Kingsgate at the meeting.

Metal Tiger requested the Kingsgate shareholder meeting to remove all but one member of the board, and has proposed that five new directors be appointed, including three directors of Metal Tiger.

"We encourage shareholders to vote in favour of all resolutions to appoint a new board at Kingsgate," Metal Tiger chief executive Michael McNeilly said earlier this month.

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

"We believe the proposed directors have the experience, expertise and relationships that can lead to the reopening of the Chatree gold mine, Kingsgate's only operating asset, and restore value."

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Thu, 21 Dec 2017 09:33:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189159/metal-tiger-stake-in-kingsgate-has-increased-189159.html
<![CDATA[RNS press release - Investment Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171220005752/ Wed, 20 Dec 2017 16:28:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171220005752/ <![CDATA[RNS press release - Information Memorandum in relation to Kingsgate ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20171212105040_13462377/ Tue, 12 Dec 2017 10:50:40 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20171212105040_13462377/ <![CDATA[News - Metal Tiger reports 'significant step' towards IPO of Thai mining joint venture ]]> http://www.proactiveinvestors.co.uk/companies/news/188526/metal-tiger-reports-significant-step-towards-ipo-of-thai-mining-joint-venture-188526.html Metal Tiger PLC’s (LON:MTR) said the approval of the first minerals management master plan by Thailand's National Minerals Management Committee (NMC) is a “significant step” in the planned flotation of its Thai joint venture.

The company in September had announced that it would delay the initial public offering (IPO) of its shares in the previously operational Song Toh and Boh Yai mines after investors called for it to be postponed to seek clarification on some aspects of the new Thai minerals act.

Metal Tiger had said it believed waiting for clarification of the first master plan would improve the valuation of the IPO, which is being delayed until the first quarter of 2018.

The master plan will now be presented to the Thai Cabinet for consideration, which is expected by the end of January.

If approved, the Thai joint venture’s mining licence applications over the two silver, lead and zinc mines will be designated as mineral deposit areas (MDAs) for mining. 

“As shareholders and potential investors will note from the announcement on 18 September 2017, the Master Plan and MDA status, in particular, was one of the key reasons for delaying the planned IPO,” chief executive Michael McNeilly said in a Friday statement.

“Whilst Cabinet sign-off is still required, the fact that the NMC has approved the Master Plan represents a significant step in the right direction for Metal Tiger’s Thai interests.”

Metal Tiger has a 78% interest in the Song-Toh and Boh-Yai mines, which ceased operations in 2002 after 32 years due to low metal prices.

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Fri, 08 Dec 2017 14:14:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188526/metal-tiger-reports-significant-step-towards-ipo-of-thai-mining-joint-venture-188526.html
<![CDATA[RNS press release - Update on Minerals Management Master Plan ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171208005306/ Fri, 08 Dec 2017 13:50:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171208005306/ <![CDATA[RNS press release - Receipt of final GWRI & KEMCO Hydrogeology Study ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20171207105752_13457420/ Thu, 07 Dec 2017 10:57:52 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20171207105752_13457420/ <![CDATA[News - Metal Tiger reveals 'encouraging' initial results from mining study of T3 copper project ]]> http://www.proactiveinvestors.co.uk/companies/news/188414/metal-tiger-reveals-encouraging-initial-results-from-mining-study-of-t3-copper-project-188414.html 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.

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Thu, 07 Dec 2017 07:20:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188414/metal-tiger-reveals-encouraging-initial-results-from-mining-study-of-t3-copper-project-188414.html
<![CDATA[RNS press release - Statement re Botswana Copper/Silver Project – T3 Deposit: Underground Study Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171206006474/ Thu, 07 Dec 2017 07:02:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171206006474/ <![CDATA[News - Metal Tiger urges dismissal of Kingsgate board in extraordinary meeting to be held in January ]]> http://www.proactiveinvestors.co.uk/companies/news/188246/metal-tiger-urges-dismissal-of-kingsgate-board-in-extraordinary-meeting-to-be-held-in-january-188246.html Kingsgate Consolidated Limited (ASX:KCN) is to hold an extraordinary meeting of shareholders on 9 January 2018, following agitation from London’s Metal Tiger PLC (LON:MTR).

If Metal Tiger gets its way, a new board will be elected for Kingsgate at the meeting. Metal Tiger is Kingsgate's largest shareholder, with a 6.7 per cent interest.

WATCH: Metal Tiger takes aim at Australian miner Kingsgate Consolidated

Metal Tiger requested the Kingsgate shareholder meeting to remove all but one member of the board, and has proposed that five new directors be appointed, including three directors of Metal Tiger.

"We encourage shareholders to vote in favour of all resolutions to appoint a new board at Kingsgate," said Metal Tiger chief executive Michael McNeilly.

"We believe the proposed directors have the experience, expertise and relationships that can lead to the reopening of the Chatree gold mine, Kingsgate's only operating asset, and restore value." 

Metal Tiger acknowledges Kingsgate has successfully mined the higher-grade gold at Chatree to increase revenue and repay debt after its metallurgical licence was renewed for only six months.

READ: Metal Tiger rips into Kingsgate Consolidated and calls for boardroom coup

Key issues for consideration at the meeting will be the implications of the new Minerals Act, the draft Mineral Royalty Act, the draft Mineral Management Master Plan, the new Gold Policy and its impacts, licence status, litigation status - both locally and in Bangkok - community issues, environmental concerns, and Thai ownership concerns.

According to Metal Tiger, Kingsgate is going to need substantially more capital to finance its current strategy unless it is successful in obtaining a legal settlement.

McNeilly, however, spoke of interest from investors in Europe, North America, Asia and the Middle East to help finance a restart.

"But it is our view that such a strategy can only be implemented under a new Board given the bridges that have been burned by Kingsgate's incumbent directors. This is not about Metal Tiger gaining control of Kingsgate, this about change for the benefit of all shareholders," he said.

 

 

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Tue, 05 Dec 2017 07:51:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188246/metal-tiger-urges-dismissal-of-kingsgate-board-in-extraordinary-meeting-to-be-held-in-january-188246.html
<![CDATA[RNS press release - Kingsgate Shareholder Meeting ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20171205070546_13453766/ Tue, 05 Dec 2017 07:05:46 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20171205070546_13453766/ <![CDATA[News - Metal Tiger details further progress at T3 copper project ]]> http://www.proactiveinvestors.co.uk/companies/news/187885/metal-tiger-details-further-progress-at-t3-copper-project-187885.html The T3 copper project in Botswana currently being worked in a joint venture between  MOD Resources (ASX:MOD) and Metal Tiger PLC (LON:MTR) has secured a further environmental approval for drilling to the north of the mineralisation.

Approval has also been granted for the construction of an accommodation camp outside Ghanzi.

WATCH: Metal Tiger takes aim at Australian miner Kingsgate Consolidated

And meanwhile, the broader Environmental Impact Assessment for the planned T3 mine is now underway.

All of which means that work for the pre-feasibility, which has been ongoing for some time, will shortly be complete.

READ: Metal Tiger sees growing potential outside previously-modelled T3 copper pit in Botswana

“We are delighted to report a number of important approvals which will allow the scope of the T3 project to broaden significantly,” said Michael McNeilly, chief executive Metal Tiger.

“We are particularly pleased that the T3 extension drilling application has been approved, allowing the JV to test the geophysics targets to the north of the T3 Deposit and effectively doubling the area of ground we are permitted to diamond drill.”

 

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Tue, 28 Nov 2017 08:05:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/187885/metal-tiger-details-further-progress-at-t3-copper-project-187885.html
<![CDATA[RNS press release - Botswana Copper/Silver Project T3 Deposit: Environmental Approvals & Prefeasibility Study Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171127006100/ Tue, 28 Nov 2017 07:26:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171127006100/ <![CDATA[RNS press release - Exercise of Warrants ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171124005116/ Fri, 24 Nov 2017 12:02:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171124005116/ <![CDATA[RNS press release - Submission of Members Statement to Kingsgate ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20171122150526_13440846/ Wed, 22 Nov 2017 15:05:26 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/LSE20171122150526_13440846/ <![CDATA[RNS press release - Exercise of Warrants ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171122005273/ Wed, 22 Nov 2017 12:38:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171122005273/ <![CDATA[RNS press release - Share Issue ]]> http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171116005589/ Thu, 16 Nov 2017 09:33:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/10669/BWIPREM_20171116005589/ <![CDATA[Media files - Metal Tiger takes aim at Australian miner Kingsgate Consolidated ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8374/metal-tiger-takes-aim-at-australian-miner-kingsgate-consolidated-8374.html Thu, 16 Nov 2017 08:02:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8374/metal-tiger-takes-aim-at-australian-miner-kingsgate-consolidated-8374.html