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viewMetal Tiger PLC

Metal Tiger has a diverse investment portfolio and a track record of success

Snapshot

  • Increased investment in Kalahari Copper Belt
  • Stake in T3 project sold to joint venture partner 
  • Good progress in 2019 after "transformational" 2018
copper

Quick facts: Metal Tiger PLC

Price: 23.75 GBX

AIM:MTR
Market: AIM
Market Cap: £36.41 m
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What Metal Tiger does

Metal Tiger is an AIM-listed firm that invests in mining projects and companies.

Its equities division invests in companies listed on London’s junior market AIM, the Australian Stock Exchange and the Toronto Stock Exchange.

The direct projects division focuses on the development of key projects in Botswana, Spain, Thailand and elsewhere.

What it owns

The company owns 62.2% of Kalahari Metals Ltd, which owns the Ngami and Okavango copper projects in Botswana. 

It also owns 3.69% Sandfire Resources (ASX:SFR), which acquired former partner MOD Resources.

It also holds a 19.9% stake in Cobre, which manages the Perrinvale copper project in central Western Australia.

It also holds a stake in Pan Asia Metals, which is expected to IPO in due course.

How it's doing

 

How's it doing?

Metal Tiger recently participated in a financing for Australian company Southern Gold. The fundraising was adjusted in response to the coronavirus crisis, but Metal Tiger nonetheless followed its money to go to 17.1%.

The company has also recently put money into Artemis Resources, Pan Global Resources, Thor Mining and Aurelius Minerals. The latest of Metal Tiger's investee companies to plan a listing is Pan Asia Metals.

In June the company announced the appointment of David Royle as senior technical and geological adviser.

Recent financial results for the year to 31 December 2019 showed profits for the year before taxation of £4.5mln (2018: loss £4mln). Net current assets at the year-end were £21.7mln including a cash position of £5mln.

What the boss says: Michael McNeilly, chief executive

"We are very encouraged to report the intersection of wide zones of copper mineralisation from diamond drilling at KML’s Okavango Copper Project, on the Kalahari Copper Belt, in Botswana.

"Whilst we are still awaiting core assays the presence of trace copper sulphides, over a total interval of approximately 85m, may represent a mineralised halo to potentially higher-grade copper mineralisation nearby."

Inflexion points

  • The company's 30% stake in the T3 copper project was sold to MOD Resources Limited (LON:MOD) (ASX:MOD) in 2018 and MOD was in turn acquired by Sandfire in 2019
  • Metal Tiger now holds just over six million Sandfire shares, a stake which it has borrowed money against
  • Kalahari holds interests in 12 highly prospective exploration licences in the Kalahari Copper Belt
  • Drilling on the Kalahari portfolio has encountered significant copper mineralisation

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