Metal Tiger plc Update on Minerals Management Master Plan
December 08 2017 - 7:50AM
UK Regulatory
TIDMMTR
8 December 2017
Metal Tiger Plc
("Metal Tiger" or the "Company")
Update on Minerals Management Master Plan
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed
investor in strategic natural resource opportunities, is pleased to
announce further to its announcement on 18 September 2017 that the
National Minerals Management Committee (the "NMC") yesterday
approved the first Minerals Management Master Plan (the "Master
Plan").
This Master Plan will now be presented to the Thai Cabinet (the
"Cabinet") for consideration. Should the NMC approved version be
accepted by the Cabinet, the Thai JV's Mining Licence Applications
over the previously operational Song Toh and Boh Yai mines will be
designated as mineral deposit areas for mining ("MDAs"). The
Cabinet still has scope to make amendments to the Master Plan, but
the Company believe that material amendments that would impact MDA
status of its licence areas are unlikely. The team in Thailand
anticipate that Cabinet will consider the Master Plan by the end of
January 2018.
Furthermore, the Special Prospecting Licence Applications held
by Metal Tiger Exploration surrounding the mines and elsewhere in
the country will also be designated as MDAs since they were lodged
prior to 29 August 2017, the cutoff date nominated for this purpose
in the Master Plan.
Michael McNeilly, Chief Executive Officer of Metal Tiger plc
commented:
"As shareholders and potential investors will note from the
announcement on 18 September 2017, the Master Plan and MDA status,
in particular, was one of the key reasons for delaying the planned
IPO. Whilst Cabinet sign-off is still required, the fact that the
NMC has approved the Master Plan represents a significant step in
the right direction for Metal Tiger's Thai interests.
I would like to extend my thanks to the team in Thailand, our
Thai legal counsel and our JV partner for closely following the
development of the Master plan and for keeping the Board of Metal
Tiger informed throughout the development of this key document.
Should the Cabinet approve the Master Plan without any material
amendments then the Thai JV will have cleared a major hurdle in its
path to being able to progress the permitting process as relating
to the historical Song Toh and Boh Yai mines."
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly (Chief Tel: +44(0)20 7099 0738
Executive Officer)
Keith Springall (Finance Tel: +44 (0)20 7099 0738
Director
& Company Secretary)
Stephen Allen or RFC Ambrian Ltd Tel +44 (0)20 3440 6800
Bhavesh Patel (Nominated
Adviser)
Jonathan Williams RFC Ambrian Ltd Tel +44 (0)20 3440 6800
(Joint Broker)
Nick Emerson SI Capital Tel: +44 (0)1483 413 500
(Joint Broker)
Gordon Poole Camarco Tel: +44 (0)20 3757 4980
James Crothers (Financial PR)
Notes to Editors:
Metal Tiger plc is listed on the London Stock Exchange AIM
Market ("AIM") with the trading code MTR and invests in high
potential mineral projects with a precious and strategic metals
focus.
The Company's target is to deliver a very high return for
shareholders by investing in significantly undervalued and/or high
potential opportunities in the mineral exploration and development
sector timed to coincide, where possible, with a cyclical recovery
in the exploration and mining markets. The Company's key strategic
objective is to ensure the distribution to shareholders of major
returns achieved from disposals.
Metal Tiger's Metal Projects Division is focused on the
development of its key project interests in Botswana, Spain and
Thailand. In Botswana, Metal Tiger has a growing interest in the
large and highly prospective Kalahari copper/silver belt. In Spain,
the Company has tungsten and gold interests in the
highly-mineralised Extremadura region. In Thailand, Metal Tiger has
interests in two potentially near-production stage silver/lead/zinc
mines as well as licences, applications and critical historical
data covering antimony, copper, gold, silver, lead and zinc
opportunities.
The Company has access to a diverse pipeline of new
opportunities focused on the natural resource sector including
physical resource projects, new natural resource centred
technologies and resource sector related fintech opportunities.
Pipeline projects deemed commercially viable may be undertaken by
Metal Tiger or by an AIM or NEX Exchange (formerly ISDX) partner
with whom the Company is engaged.
LEI number: 213800K1IN6M1VCVPA93
3.1. Additional regulated information required to be disclosed
under the laws of a Member State
View source version on businesswire.com:
http://www.businesswire.com/news/home/20171208005306/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
December 08, 2017 08:50 ET (13:50 GMT)
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