{"id":42388,"title":"Metal Tiger plc (LON:MTR) Botswana Copper/Silver Project – T3 Indicated Mineral Resource Increase","publisher":"Share Talk","author":"sharetalk","published":"2018-07-16T06:55:41+00:00","modified":"2018-07-16T06:55:41+00:00","canonical_url":"https://www.share-talk.com/metal-tiger-plc-lonmtr-botswana-copper-silver-project-t3-indicated-mineral-resource-increase/","markdown_url":"https://www.share-talk.com/metal-tiger-plc-lonmtr-botswana-copper-silver-project-t3-indicated-mineral-resource-increase.md","json_url":"https://www.share-talk.com/metal-tiger-plc-lonmtr-botswana-copper-silver-project-t3-indicated-mineral-resource-increase.json","category":"Mining","categories":["Mining"],"tags":["Metal","Metal Tiger","Metal Tiger Plc","MTR","Tiger"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":" \n\nMetal 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 (“JV”) project with partner MOD Resources Limited (ASX:MOD) (“MOD”) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger).\n\n**Highlights:**\n\n- Re-classification of the T3 Mineral Resource Estimate announced on 2 July 2018, by CSA Global, has resulted in a **13% increase in contained copper** in the Indicated Resource Category (at a 0.4% Cu cut-off).\n\n- Total Mineral Resource Estimate remains at **60Mt @ 0.98% Cu & 14g/t Ag** (0.4% Cu cut-off) for a contained **590Kt copper** and **27Moz silver** metal.\n\n- Indicated Mineral Resource contains 417Kt copper and 18.6Moz silver (0.4% cut-off) representing 70% of contained copper and 61% of the tonnes in the total Mineral Resource.\n\n- Drilling ongoing to extend high-grade vein underground potential outside of planned T3 Pit and for strike extensions outside the T3 PFS Expansion Case Pit design.\n\n***Michael McNeilly Chief Executive Officer of Metal Tiger commented***:\n\n*“Following on from the T3 Mineral Resource Estimate update announced on 2**nd** July, we are delighted to report that a Resource re-classification review has resulted in a substantial increase of contained copper in the, higher confidence, Indicated category.*\n\n*The project’s technical team consider that the Resource upgrade may well support an increase in the design throughput of the planned T3 processing plant, and that there is now the potential that the Feasibility Study Ore Reserve could significantly exceed the Ore Reserve used in the PFS.”*\n\nThis announcement coincides with an update released today by MOD which can be viewed through the following link:\n\n[http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web](http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fsearch.asx.com.au%2Fs%2Fsearch.html%3Fquery%3Dmod%26collection%3Dasx-meta%26profile%3Dweb&esheet=51836794&newsitemid=20180715005051&lan=en-US&anchor=http%3A%2F%2Fsearch.asx.com.au%2Fs%2Fsearch.html%3Fquery%3Dmod%26collection%3Dasx-meta%26profile%3Dweb&index=1&md5=e4a92b8f49f9b8a895efadfb285a364e)\n\n**T3 Deposit Resource Classification Upgrade**\n\n- The underlying Mineral Resource model used by CSA Global for the below Resource re-classification is the same as that used for the previous Mineral Resource update (announced 2 July 2018).\n\n- Upgraded T3 MRE at 5 different copper cut-offs outlined in Table 1 below:\n\n**[Full RNS Update Link HERE ](http://share-talk.co.uk/announcements/bus/metal-tiger-plc/t3-indicated-mineral-resource-increase/20180716070000Z1468)**\n\n "}