Metal Tiger plc Updated drilling results at the A4 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:

• Latest batch of assay results confirm further copper intersections at A4 Dome, located 8km from T3 Project:
  • Hole MO-A4-008D, down hole intersections:
    • 42.9m @ 1.0% Cu & 19g/t Ag from 258m, including;
      • 9.8m @ 1.4% Cu & 26g/t Ag, from 265m; and
      • 9.1m @ 1.5% Cu & 31g/t Ag, from 282m
  • Infill drilling has commenced to determine whether MO-A4-008D correlates with the 52m @ 1.5% Cu intersection in MO-A4-003D (reported on 6 August 2018)
  • Latest assays for the target NPF contact intersected in three holes (downhole intersections):
    • Hole MO-A4-003D: 5.0m @ 2.2% Cu & 22g/t Ag from 586m
    • Hole MO-A4-004D: 4.3m @ 2.3% Cu & 21g/t Ag from 500m
    • Hole MO-A4-005D: 6.9m @ 1.7% Cu & 16g/t Ag from 471m, including
      • 3.6m @ 2.4% Cu & 24g/t Ag, from 474m
• Ten drill holes in the core of the A4 Dome have NPF contact intersections consisting visible, disseminated, locally bedded and locally vein hosted chalcocite mineralisation. Three holes with assays received to date, have NPF intersections >2% Cu.
• Drilling at A4 Dome is now concentrating within a 1,600m long by 800m wide zone in the centre of the dome, the “Target Zone”, initially at 200m by 200m drill spacing. Targeting vein hosted mineralisation and extensions to the NPF contact mineralisation. Further structural targets are also being drilled 1 km west of the Target Zone (MO-A4-17D).

Michael McNeilly Chief Executive Officer of Metal Tiger plc commented:

“We are very pleased to provide an update on drilling results at the A4 Dome, where drilling continues to build out copper mineralisation within a 1.6km by 800m target area. Whilst we are still in the early stages of understanding the distribution of copper within the A4 Dome, we are encouraged by the size and tenor of the target outlined thus far, and the proximity of the planned T3 Processing Plant makes the prospect of delineating a new satellite deposit even more compelling.”

This announcement coincides with an update released today by MOD which can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web

A4 Dome Background & Drilling Update

• The circa 5km long A4 Dome is located 8km from the 60 Mt T3 Pit Project and planned processing plant. The A4 Dome and the A1 Dome, together with the T3 Deposit, form part of the ~700km² T3 Dome Complex.
• The 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. The NPF contact is similar to other geological contacts which host substantial flat lying sediment hosted copper deposits in other global copper belts.
• The A4 Dome is a test case for the wider potential of the NPF contact mineralisation which may underly a large part of the T3 Dome Complex.
• Mineralisation at the T4 prospect located on the northern margin of the T20 Dome, 100km west of T3, also occurs above the NPF contact. Drilling is planned to commence at the T20 Dome in late October.
• The JV core yard is currently processing an average of 180 samples per day utilising an automated core saw and the onsite sample preparation facility. Due to the volume of samples produced, there is currently a bottleneck at the assay laboratory in Johannesburg, to alleviate this temporary bottleneck samples from key mineralised intersections are being prioritised for assay.
• Key down-hole intersections from the latest batch of diamond drill hole assay results for the A4 Dome drilling programme with mineralisation type and assay status, include:
  • Hole MO-A4-001D
    • 0.7m @ 3.7% Cu & 69g/t Ag from 439m (Vein, assay complete)
  • Hole MO-A4-002D
    • 1.3m @ 1.3% Cu & 35g/t Ag from 421m (Vein, assay complete)
  • Hole MO-A4-003D
    • 52.0m @ 1.5% Cu & 14g/t Ag from 232m, including (Vein, assay complete)
      • 15.5m @ 2.9% Cu & 42g/t Ag from 269m
    • 31.2m @ 1.1% Cu & 11g/t Ag from 560m, including (NPF)
      • 5.0m @ 2.2% Cu & 22g/t Ag from 586m
  • Hole MO-A4-004D
    • 2.8m @ 1.7% Cu & 36g/t Ag from 248m (Vein, assay complete)
    • 19.3m @ 1.0% Cu & 10g/t Ag from 485m, including (NPF)
      • 4.3m @ 2.3% Cu & 21g/t Ag from 500m
  • Hole MO-A4-005D
    • 0.5m @ 2.1% Cu & 29g/t Ag from 412m (Vein, assay in progress)
    • 6.9m @ 1.7% Cu & 16g/t Ag from 471m, including (NPF)
      • 3.6m @ 2.4% Cu & 24g/t Ag from 474m
  • Hole MO-A4-006D
    • 1.0m @ 2.2% Cu & 32g/t Ag from 159m (Vein, assay in progress)
    • 1.4m @ 1.5% Cu & 32g/t Ag from 194m, including (NPF)
      • 0.4m @ 3.1% Cu & 67g/t Ag from 195m
    • Assay data from visible NPF mineralisation awaited.
  • Hole MO-A4-007D
    • 5.8m @ 1.5% Cu & 35g/t Ag from 329m, including (Vein, assay in progress)
      • 1.0m @ 1.4% Cu & 27g/t Ag from 329m, including
      • 0.8m @ 6.2% Cu & 156g/t Ag from 334m
    • Assay data from visible NPF mineralisation awaited.
  • Hole MO-A4-008D
    • 0.5m @ 11.2% Cu & 99g/t Ag from 165m (Vein, assay in progress)
    • 7.4m @ 1.3% Cu & 30g/t Ag from 231m
    • 42.7m @ 1.0% Cu & 19g/t Ag from 258m, including
      • 9.8m @ 1.4% Cu & 26g/t Ag from 265m
      • 9.1m @ 1.5% Cu & 31g/t Ag from 282m
      • 3.4m @ 2.4% Cu & 41g/t Ag from 297m
    • Assay data from visible NPF mineralisation awaited.
  • Hole MO-A4-009D
    • 4.5m @ 1.0% Cu & 8g/t Ag from 237m (Vein, assay in progress)
      • 0.6m @ 3.8% Cu & 49g/t Ag from 241m
    • Assay data from visible NPF mineralisation awaited.

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

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 who 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 PLC to provide technical support.

In addition to its 30% interest in the JV, Metal Tiger holds 13,974,220 MOD shares, equivalent to 6.1 % of MOD’s issued share capital and 154,167 MOD options each exercisable price of 6 cents (Australian) on or before 15 April 2019.