Proactive Investors - Run By Investors For Investors

Metal Tiger reveals approval of environmental management plan for Okavango copper project

Metal Tiger chief executive Michael McNeilly spoke of "an exciting new chapter" for the company
Metal Tiger reveals approval of environmental management plan for Okavango copper project
The Okavango licence is highly prospective for copper

Kalahari Metals LTD, in which Metal Tiger PLC (LON:MTR) holds a 50% stake, has received notification that the environmental management plan for its Okavango copper project has been reviewed and approved by the Botswana Department of Environmental Affairs.

The approval is subject to a four-week public review period.

WATCH: Metal Tiger's Michael McNeilly upbeat on Kitlanya copper project results

The public review is the precursor to the EMP authorisation which, if granted, would allow diamond drilling to commence on high priority targets within the project. Competitive drilling tenders have been received and Kalahari Metals is confident drilling will take place shortly after completion of the public review.

"I am delighted by the continued support that the Botswana Department of Environmental Affairs has shown for the development of the KML portfolio, in which we see significant potential,” said Michael McNeilly, chief executive of Metal Tiger.

“The KML portfolio now includes a number of exciting geophysical and structural targets across the highly prospective Kalahari Copper Belt, which warrant further investigation by drilling. The anticipated drilling approvals will commence an exciting new chapter for the Company and our shareholders, and we look forward to providing further updates in due course."


View full MTR profile View Profile

Metal Tiger Plc Timeline

Related Articles

April 02 2019
Peel Hunt has a ‘buy’ recommendation and target price of 205p each on Anglo Pacific shares
Mina do Barroso
June 07 2019
The firm’s portfolio encompasses both assets with near-term production potential and longer-term development opportunities
Lake Way in Western Australia's Goldfields
February 01 2019
The company expects to spend up to $5.5 million this quarter as it advances a sulphate of potash agenda.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use