Resource company investor Metal Tiger PLC (LON:MTR) is well funded and growing its interests apace, it told a quarterly activities report.
While the resource sector has declines in the last two months, the group still has around £4million in working capital.
Chief executive Paul Johnson said: "The two years since we formed Metal Tiger have seen substantial growth, but if we manage our business effectively the board believe the next two years offer considerably more opportunity as our interests mature and fuller valuations are encountered."
Noteably in asset trading, significant overall paper gains were recorded on its mining investments made in the three months to end June, it said
Post quarter end, the firm put £200,000 into shares/warrants of Kolar Gold bringing the total amount invested since the last quarterly report to around £1.28 million.
At its joint venture with MOD Resources in Botswana, exploration continued through the quarter and extensive high grade copper-silver mineralisation was identified. A maiden resource is targeted for the third quarter 2016.
In Thailand, its partners South East Asia Mining have launched a nationwide business development programme and are building their geological knowledge and strategic interests. Metal is also progressing negotiations on two silver-lead-zinc mines and the metal production opportunity they offer.
Its Spanish interests continue to develop and when reviewing the overall exploration data in and around its joint venture interests, the group said it was extremely excited at the prospect of accelerating operations and the potential for new discoveries.
The group expects a full Spanish update soon on exploration work during 2016.