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Metal Tiger receives licence confirmations for Botswana joint venture

Tshukudu was formed as the result of a re-jigging of the relationship with MOD Resources

copper wire
Joint venture will explore for copper

Tshukudu Exploration, Metal Tiger LImited’s (LON:MTR) new joint venture in the Kalahari Copper Belt in Botswana has had all of its exploration licences renewed.

A new prospecting licence has also been awarded to the joint venture.

READ: Metal Tiger jumps as prospecting licences extended in Botswana

Tshukudu was formed as the result of a re-jigging of the relationship with MOD Resources PLC (LON:MOD).

Metal Tiger now owns 30% of Tshukudu and a 12.5% direct stake in MOD, which is separately developing the T3 copper mine and owns 70% of Tshukudu.

Michael McNeilly, Metal Tiger’s chief executive, said: “These extensions, together with the new prospecting licence, secure title over a very prospective tract of the Kalahari Copper Belt, including the Central Structural Corridor which is yielding some very exciting targets and offers the potential of new copper deposit discoveries.”

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Price: 1.325 GBX

Market: AIM
Market Cap: £20.21 m

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