Metal Tiger plc Results of first phase drilling at the A1 Dome

Metal Tiger plc (LON: MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, has today provided 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

• Six widely spaced diamond drill holes completed in first phase programme at the A1 Dome, approximately 22km from the T3 Copper Project (“T3”)
• Assay results confirm wide disseminated copper intersections in two drill holes:
  • MO-A1-005D: 130m @ 0.52% Cu & 3.5g/t Ag from 590m (which will be extended to the Ngwako Pan Formation contact (“NPF Contact”) in Q1 2019)
  • MO-A1-006D: 52m @ 0.61% Cu & 4.6g/t Ag from 624m, including
    • 1.4m @ 3.8% Cu & 26g/t Ag from 673m on NPF Contact
• Drilling confirms exploration model for discovering copper mineralisation associated with structural domes.

Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:

“We are very pleased to provide the results of first phase drilling at the A1 Dome. This programme was designed to test the copper potential of a 4km long section of the 12km long A1 prospective structural target identified from our previous airborne geophysics survey. The presence of wide disseminated copper intersections and higher-grade vein mineralisation at the NPF stratigraphic contact have once again confirmed the model for discovering significant copper mineralisation below structural domes. The NPF hosts the majority of the known higher-grade copper mineralisation on the Kalahari Copper Belt and extends over 250km in northwest Botswana.

With drilling and sampling currently ongoing at the T23 Dome, 100km to the west of the A1 Dome, we look forward to providing further assay results in the near future.”

A1 Dome Background & Drilling Update

• The A1 Dome is approximately 12km long and located 22km east of the T3 Pit Deposit, within a 963km² area forming the wider T3 Expansion Project.
• A1 Dome is the second stratigraphic dome to be drilled at the T3 Expansion Project and, following reinterpretation of the airborne electromagnetic (EM) geophysics data, comprises the A1, A2, A3, A21 and A27 prospects.
• Drilling at A1 Dome and A4 Dome (8km west of T3) is part of a strategy to explore for additional resources within transport distance of the planned T3 process plant, potentially adding significant value to the project.
• Drill holes MO-A1-001D, MO-A1-002D and MO-A1-004D are located on the western end of the A1 Dome and intersected shallower vein style mineralisation.
• Two holes MO-A1-003D and hole MO-A1-006D, spaced 4.2km apart, were drilled deep enough to intercept the NPF Contact, both intersected up to 3.5% Cu at the contact.
• Two holes, MO-A1-005D and hole MO-A1-006D, with a 800m strike separation, intersected wide zones of disseminated chalcocite mineralisation. MO-A1-005D was terminated at 590m, before intersecting the NPF Contact and will be extended to intersect the contact.
• Key down-hole intersections from the diamond drill hole assay results for the A1 Dome drilling programme with mineralisation type and assay status, include:
  • Hole MO-A1-002D
    • 7m @ 0.9% Cu & 14g/t Ag from 190m (Vein, assay complete)
  • Hole MO-A1-003D
    • 19m @ 0.8% Cu & 6g/t Ag from 660m, including (Disseminated, assay complete)
      • 3m @ 2.0% Cu & 15g/t Ag from 676m (NPF Contact)H
  • Hole MO-A1-005D
    • 130m @ 0.52% Cu & 3.5g/t Ag from 590m (Disseminated, assay complete)
  • Hole MO-A1-006D
    • 52m @ 0.61% Cu & 4.6g/t Ag from 624m, including (Disseminated, assay complete)
      • 1.4m @ 3.8% Cu & 26g/t Ag from 673m (NPF Contact)

        A table detailing the collar coordinates, hole depth, azimuth and dip is given in the appendix of today’s abovementioned MOD release.

• The targeted NPF Contact hosts most of the resources in the eastern Kalahari Copper Belt, including the 100Mt @ 2% Cu ‘Zone 5’ underground resource planned to be developed by Cupric Canyon Capital, along strike from the T3 Dome Complex.
• Drilling at the A1 Dome is now on hold while results are being interpreted and a high level conceptual underground mining study is being undertaken on the potential of the NPF Contact.

A4 Dome Update

• Further assay results from the recently completed 20-hole diamond drilling programme at the A4 Dome are expected to follow, these will increase the understanding of the T3 Expansion Project potential.

T20 Exploration Project

• Drilling is currently progressing at the T23 Dome within the T20 Exploration Project, approximately 120km west of the T3 Project.
• Programme is designed to test the potential for shallower depth NPF Contact related copper intersections copper along regional scale copper-belt strike extensions.

The technical information contained in this disclosure has been read and approved by Mr Nick O’Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist and acts as the Competent Person under the AIM Rules – Note for Mining and Oil & Gas Companies. Mr O’Reilly has visited the T3 site and reviewed MOD’s drilling and sampling protocols and procedures. Mr O’Reilly is a Principal consultant working for Mining Analyst Consulting Ltd, which has been retained by Metal Tiger to provide technical support.

In addition to its 30% interest in the JV, Metal Tiger holds 13,974,220 MOD ordinary shares, representing approximately 6.04% of MOD’s issued share capital and 154,167 options over MOD ordinary shares, each exercisable at AU$0.06 per MOD ordinary share on or before 15 April 2019.