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Metal Tiger looks to resume operations in Thailand as new Mineral Committee appointed

Exploration effectively came to a halt in 2017 while a new Minerals Act was introduced.

Permits
Metal Tiger's Thai prospects have been on hold due to the legal changes

Metal Tiger PLC (LON:MTR) expects to resume operations in Thailand following the recruitment of the final six members of the country’s new Mineral Committee.

Exploration effectively came to a halt in 2017 while a new Minerals Act was introduced.

The Mineral Committee has responsibility for a wide range of issues including bidding procedures, prospecting licences and health and environmental assessments.

Metal Tiger believes the recruitment of the Mineral Committee has cleared the last major legislative hurdle to the resumption of the permitting process in Thailand and its applications for licences at Kemco and Boh Yai can go forward.

Michael McNeilly, chief executive, said: “The appointment of the final six Mineral Committee members represents a major milestone and the removal of a major hurdle that has kept Metal Tiger’s mining projects in Thailand from progressing.

“We now look forward to restoring the application process for our Thai assets.”

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Price: 1.325 GBX

AIM:MTR
Market: AIM
Market Cap: £20.17 m
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