Thai Minerals Management Master Plan
Metal Tiger plc
31 July 2018
Metal Tiger plc ("Metal Tiger" or the "Company")
Thai Minerals Management Master Plan
Metal Tiger is pleased to announce that on 31 July 2018, the Thai
Cabinet approved the 20-year mineral management strategy (2017-2036) and
the 5-year mineral management master plan for 2017-2021 (the “Master
Plan”) meaning that both the strategy and the Master Plan are effective
immediately. Mining lease application areas and special prospecting
licence application areas under the KEMCO project as well as the Thai JV
all fall into the MDA classification and the approval of the Master Plan
therefore removes a significant legislative hurdle to the progression of
Metal Tiger’s Thai project and enables the Thai JV to formally progress
all licence applications. The strategy and Master Plan aims to integrate
Thailand’s management of mineral resources while ensuring that the
mining industry will be environmentally friendly, with an elevated focus
on the quality of life of people affected by the mining industry. In the
approved strategy, four points of emphasis have been included:
-
the classification of mineral zone;
-
the formulation of mineral policy;
-
the development of a regulatory mechanism; and
-
the promotion of general public participation.
The Master Plan classifies areas and/or specific minerals that should be
restricted or conserved and designates mineral deposit areas (MDAs)
where mining will be permissible. Designation of the MDAs is based on
the criteria that a deposit must be rich in mineralisation with high
economic value, and that there must be available technology for
effective mining with suitable measures for protection from
environmental impact and protection of public health. Under the first
5-year Master Plan, in order to allow continuity of the mining industry,
areas covered by mining leases, registered mining lease renewal
applications, registered mining lease applications, prospecting licences
and areas designated for aggregate mining are all classified as MDAs. Michael
McNeilly, Chief Executive Officer of Metal Tiger plc commented: “The
20-year mineral management strategy and the first 5-year mineral
management master plan has been under consideration by the Government of
Thailand for over a year, and this represents a major milestone and the
removal of a major hurdle that has kept Metal Tiger’s mining projects in
Thailand from progressing. We are delighted that the Thai mining and
exploration licence applications are now in a position to progress
towards granting.”
For further information on the Company, visit: www.metaltigerplc.com:
Michael McNeilly
|
|
|
Chief Executive Officer
(Metal Tiger plc)
|
|
|
|
Tel: +44 (0)20 7099 0738
|
Mark Potter
|
|
|
Chief Investment Officer
(Metal Tiger plc)
|
|
|
|
Tel: +44 (0)20 7099 0738
|
Stephen Allen Bhavesh Patel
|
|
|
RFC Ambrian Ltd (Nominated Adviser)
|
|
|
|
Tel: +44 (0)20 3440 6800
|
Charlie Cryer
|
|
|
RFC Ambrian Ltd (Joint Broker)
|
|
|
|
Tel: +44 (0)20 3440 6800
|
Nick Emerson
|
|
|
SI Capital (Joint Broker)
|
|
|
|
Tel: +44 (0)1483 413 500
|
Gordon Poole
James Crothers
|
|
|
Camarco (Financial PR)
|
|
|
|
Tel: +44 (0)20 3757 4980
|
Notes to Editors:
Metal Tiger plc is listed on the London Stock Exchange AIM Market
(“AIM”) with the trading code MTR and invests in high potential mineral
projects with a precious and strategic metals focus. The Company’s
target is to deliver a very high return for shareholders by investing in
significantly undervalued and/or high potential opportunities in the
mineral exploration and development sector timed to coincide, where
possible, with a cyclical recovery in the exploration and mining
markets. The Company’s key strategic objective is to ensure the
distribution to shareholders of major returns achieved from disposals.
Metal Tiger’s Metal Projects Division is focused on the development of
its key project interests in Botswana, Spain and Thailand. In Botswana,
Metal Tiger has a growing interest in the large and highly prospective
Kalahari copper/silver belt. In Spain, the Company has tungsten and gold
interests in the highly-mineralised Extremadura region. In Thailand,
Metal Tiger has interests in two potentially near-production stage
silver/lead/zinc mines as well as licences, applications and critical
historical data covering antimony, copper, gold, silver, lead and zinc
opportunities. The Company has access to a diverse pipeline of new
opportunities focused on the natural resource sector including physical
resource projects, new natural resource centred technologies and
resource sector related fintech opportunities. Pipeline projects deemed
commercially viable may be undertaken by Metal Tiger or by an AIM or NEX
Exchange (formerly ISDX) partner with whom the Company is engaged.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180731005500/en/