Metal Tiger notes schedule-beating progress in Botswana
Updated : 12:34
Strategic natural resources investor Metal Tiger noted the MOD Resources announcement with regard to their joint venture at the Kalahari Copper Belt in Botswana on Monday.
The AIM-traded firm has a 30% stake, alongside MOD’s 70% stake in the project.
MOD announced that it expects the results for Metal Capital’s scoping study for a potential open pit mining operation at T3 to be completed and announced during November, one month ahead of when previously anticipated.
Metal Tiger noted that the scoping study has been conducted to evaluate the potential for a 9-10 year mine life with an initial 2Mtpa processing plant on site.
“I am pleased to note the positive development that the scoping study will be completed nearly one month ahead of schedule,” said Metal Tiger CEO Alex Borrelli .
“I look forward to meeting with our JV partners during their visit to London at the end of November and I am very encouraged by the recent gains in the price of copper and the potential to positively impact demand for copper assets.”