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Metal Tiger receives first numbers for new Thai mines

The draft PEA has boosted confidence over mineralisation interpretation, mine schedule and project costs, Metal Tiger said.
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Silver and lead in Thailand

Metal Tiger PLC (LON:MTR) has received the first draft of a preliminary economic assessment for its Song-Toh and Boh Yai silver lead zinc mines in Thailand from consultant SRK.

The draft has boosted confidence over mineralisation interpretation, mine schedule and project costs, Metal Tiger said.

Work is now ongoing with SRK to enhance the project fundamentals and optimise the economics at the PEA level.

The plan is to spin the Thai mines off into a separate subsidiary that will list in London in the summer.

Metal Tiger added that project management specialist Geoff McIntyre has stepped down from his executive post with Metal Tiger to become a non-executive director. 

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