viewMetal Tiger PLC

Metal Tiger sizes up five new Botswana exploration licences, continues on hunt for next T3

Metal Tiger's exploration footprint in Botswana continues to expand

Metal Tiger has a strong track record in copper exploration in Botswana

Kalahari Metals LTD, a company in which Metal Tiger PLC (LON:MTR) owns a significant stake, has entered into an exclusivity period with Resource Exploration and Development Limited to undertake due diligence with a view to acquiring an additional five exploration licences in Botswana.

The licences include 4,661 square kilometres of recently granted permits in the Kalahari Copper Belt. Kalahari Metals already holds seven exploration licences in Botswana, covering a total of 4,063 square kilometres.

READ: Metal Tiger PLC raises funds as Botswana project continues to impress

Under the investment agreement announced on 6 June 2018, Metal Tiger has the right to acquire up to 50% of Kalahari Metals.

Meanwhile, at two of Kalahari Metals’ copper projects, Okavango and Ngami, magnetic and first phase electromagnetic airborne surveys have been completed.

A total of 16,700 square kilometres of high-resolution magnetic data was collected over priority areas identified at Okavango. Kalahari Metals anticipates final processed survey results by the end of August 2018.

One of the aims is to identify mineralised structures with the potential to host mineralisation in analogous settings to the MOD Resources T3 Deposit, the development of which Metal Tiger has played a significant role in.

“Work continues apace and we look forward to receiving the processed first phase survey results and following on with the interpretation and prioritising of drill targets,” said Metal Tiger chief Michael McNeilly.


Quick facts: Metal Tiger PLC

Price: 1.31 GBX

Market: AIM
Market Cap: £20.12 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Metal Tiger PLC named herein, including the promotion by the Company of Metal Tiger PLC in any Content on the Site, the Company receives from...



Metal Tiger's McNeilly details new funding arrangement and share buyback plans

Metal Tiger's (LON:MTR) Michael McNeilly discusses with Proactive London's Andrew Scott the plans around its share buyback programme.  MTR intends to buy back up to 155.9mln shares - equivalent to 10% of the current issued share capital of the company. McNeilly also talks through its...

4 weeks, 1 day ago


Transaction in Own Shares

9 hours, 50 minutes ago

Transaction in Own Shares

1 day, 9 hours ago

Transaction in own shares

1 week, 1 day ago

Transaction in own shares

1 week, 2 days ago

Directorate change

2 weeks, 1 day ago

Transaction in own Shares

2 weeks, 1 day ago

2 min read