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Metal Tiger updates investors on Kalahari Metals projects

"We are delighted to provide an update on Kalahari’s exploration progress in Botswana," said Metal Tiger boss Michael McNeilly.

In May Metal Tiger invested US$1.1mln in Kalahari

Metal Tiger plc’s (LON:MTR) 59%-owned Kalahari Metals Ltd has received environmental approval for the Okavango copper project in Botswana, paving the way for drilling to start.

The company said drilling rigs will be mobilised at the project once drilling at the Ngami copper project has been completed.

In May Metal Tiger invested US$1.1mln in Kalahari to fund the first round of drilling at the Okvango and Ngami projects.

Elsewhere, an airborne electromagnetic geophysical survey is being flown over the Kitlanya West and Kitlanya East projects.

The survey is nearing completion with the processed data and interpretation are expected in September 2019.

A soil geochemical sampling programme is also underway at Kitlanya West, with 1,200 of a planned 3,300 samples having been collected to date. The samples will be analysed for anomalies associated with mineralisation under thicker Kalahari Group cover.

KML has applied for environmental approvals for the two to allow for the start of drilling.

Michael McNeilly, chief executive of Metal Tiger, said: “The authorisation of the environmental impact statement for the Okavango Copper Project will allow the drill rigs to mobilise over from the Ngami Copper Project upon completion of the current diamond drilling programme, which is progressing well. The concurrent airborne geophysics and soil sampling programmes within KML’s Kitlanya West and Kitlanya East project areas should help build the pipeline of copper targets further, with permitting underway to allow follow-on drill testing of prospective new copper targets within these areas in due course.”

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Price: 1.3104 GBX

Market: AIM
Market Cap: £20.06 m

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