Michael McNeilly Chief Executive Officer of Metal Tiger commented:
“We are delighted to report that the T3 Mine Feasibility Study remains on track to complete in March 2019, with the engineering and design works both on schedule and within budget.
T3 continues to surprise to the upside and, at each juncture, capitalises our belief that this is a highly economic and significant copper project. The findings of the Feasibility level metallurgical test work are particularly encouraging with the coarser grind metal recoveries supporting a reduction in anticipated capital, operational and power costs versus the Pre-Feasibility Study stage model.”
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding the Company’s Joint Venture project with partner MOD Resources Limited (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger).
Highlights:
· T3 Mine Feasibility Study progressing well within budget, due for completion March 2019.
· Metallurgical test work results identify capital and operational cost savings versus Pre-Feasibility Study.
· Botswana Power Corporation has commenced regional electricity grid infrastructure building including a power line which is due to pass within 12km of planned T3 Mine site.
· First stage of T3 accommodation village complete with further expansion planned.
· Scope and Terms of Reference for T3 Environmental Social Impact Assessment approved by Botswana Department of Environment Affairs, report due Q4 2018.
· Completion of the Feasibility Study and approval of the Environmental Social Impact Assessment are required ahead of applying for the T3 mining license, which is anticipated in H1 2019.
