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Metal Tiger Plc
Summary
| Project: | KEMCO JV | |
|---|---|---|
| Deposit: | Song-Toh, Bah-Yai | |
| Location: | Thailand | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 6/13/2017 | |
| Report Code: | (no Code) | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 13-6-2017: Metal Tiger Plc announces a PEA report for its Song-Toh, Bah-Yai deposit at the KEMCO JV project. PEA results incl. post-tax NPV (10%) of US$45.9M, IRR of 31%, LOM of 14yrs. Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investo | |
| Resources: | ||
| CP/QP: | [Resources]: Mike Armitage (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is delighted to advise that the Company has received the final draft SRK Consulting (UK) Ltd (“SRK”) Competent Persons Report (“CPR”) incorporating an independent Mineral Resource Estimate (“MRE”) and Technical Economic Model (“TEM”) for the assets of the Company’s Thai Joint Venture (“KEMCO JV”) over the Song-Toh and Boh-Yai silver-lead-zinc mines (the “Project”) located in Thailand. It is intended that the KEMCO JV assets, along with Metal Tiger’s other Thai exploration assets, will be transferred to KEMCO Mining PLC (“KEMCO”), which is currently a wholly owned subsidiary of Metal Tiger.As announced on 7 March 2017, it is intended that KEMCO will raise further capital and seek admission to trading on the AIM market of the London Stock Exchange (“AIM”). Post structuring, upon completion of the asset transfer from KEMCO JV, 80% of the Project will be held by KEMCO, resulting in a circa 78% effective dividend interest to KEMCO over the Project. The final CPR is intended to be included in an admission document in relation to KEMCO’s proposed admission to trading on AIM, which is expected to occur by the end of Q3 2017. | |
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