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16 Oct 2018 | 08:30

Metal Tiger says Kalahari copper feasibility study completion due March

Metal Tiger said its Kalahari copper joint venture in Botswana with MOD Resources was due to complete a mine feasibility study for the so-called T3 prospect by March.

The study was progressing well and within budget, Metal Tiger said.

The company owns a 30% stake in the project, while MOD owns the rest.

'T3 continues to surprise to the upside and, at each juncture, capitalises our belief that this is a highly economic and significant copper project,' chief executive Michael McNeilly said.

'The findings of the feasibility level metallurgical test work are particularly encouraging with the coarser grind metal recoveries supporting a reduction in anticipated capital, operational and power costs versus the pre-feasibility study stage model.'

At 8:30am: (LON:MTR) Metal Tiger Plc Ord 0.01p share price was 0p at 2.3p

Story provided by StockMarketWire.com
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