Tiger Resources provided their low-cost, rich, DRC copper presentation. Below are some of the highlights.Tiger Summary- ASX-listed copper producer in the Democratic Republic of Congo (DRC)- Producing copper concentrate from May 2011- Cathode production to commence in May, 2014- Transitioning to 50,000t per annum copper cathode producer- Lowest-cost copper producer on ASX2013 Achievements- Produced 41,255t Cu, exceeding [...]
Tiger Resources Kipoi Copper Project is located approximately 75km NNW of Lubumbashi in the Katanga Province of the DRC. Tiger has a 60% interest in La Société d'Exploitation de Kipoi SPRL, a DRC-registered company which holds the project assets and is the operator at Kipoi.Tiger is undertaking a phased development at Kipoi, where the Stage 1 heavy media separation (HMS) plant is currently in production, and on the [...]
Tiger Resources is pleased to welcome MCK Trucks sprl ("MCK") as a shareholder of the Company. MCK has been the mining contractor at Tiger's Kipoi Copper Project in the Democratic Republic of Congo since the Company started producing copper concentrate at Kipoi in May, 2011. MCK, a local DRC-based company, approached Tiger about becoming a shareholder.Tiger issued 35.6 million shares to MCK at $0.36 per share, with [...]
Tiger Resources is pleased to announce an increase to the Mineral Resource at Kipoi Central, the principal deposit at its 60% owned Kipoi Copper Project, in the Democratic Republic of Congo. he updated Kipoi Central Mineral Resource estimate is based on a revised cut-off grade of 0.3% Cu (previously 0.5% Cu) and incorporates mining depletion to 31 December 2013.HIGHLIGHTSKipoi Central Mineral Resource- Kipoi Central [...]
Tiger Resources along with the Annual Financial Statements for the company, the Kipoi activities included the continued operations of the Stage 1 heavy media separation (HMS) plant to produce copper concentrate, and the construction of the first phase 25,000 tpa copper cathode production facilities of the Stage 2 solvent-extraction and electro-winning plant (SXEW). Tiger has a 60% interest in La Société [...]
Tiger Resources is pleased to advise that the Company's Board of Directors has approved a Dividend Policy.The policy establishes the guidelines to be used by the Company in deciding how much of its earnings it will pay out to shareholders. The Dividend Policy aims to balance financial performance, debt repayments and capital commitments with prudent gearing and market conditions. The Company will pay dividends when [...]
Tiger Resources the ASX's lowest cost and fourth largest copper producer (behind OZL, PNA, SFR) provide the latest company presentation.- Produced 41,255 tonnes of copper-in-concentrate for CY2013, >4,000 tonnes above original guidance- Stage 2 SXEW fully funded. On track to commence cathode production in Q2 2014- Moving towards 50,000tpa- Stage 2 NPV increased to US$755m and IRR of 107%- More than $1 billion of [...]
Tiger Resources is pleased to report its activities in the Democratic Republic of Congo (DRC) for the December 2013 Quarter. The Kipoi Copper Project is located approximately 75km NNW of Lubumbashi in the Katanga Province of the DRC. Tiger has a 60% interest in La Société d'Exploitation de Kipoi SPRL (SEK), a DRC-registered company which is the operator at Kipoi.Tiger is undertaking a phased development at Kipoi [...]
Tiger Resources is pleased to announce updated economics for Stage 2 production at its 60%-owned Kipoi Copper Project in the Democratic Republic of Congo (DRC).Tiger has updated the figures from its definitive feasibility study (DFS), released on 9 January 2013 ("DFS"), following the recently announced 112% increase in the estimated Ore Reserve for Kipoi Central Stage 2 open pit to 30.14Mt at 1.31% Cu for 394,500 tonnes [...]
Perth, Australia (ABN Newswire) - Tiger Resources Ltd. (ASX:TGS) (TSE:TGS) is pleased to announce a 112% increase in the estimated Ore Reserve for Kipoi Central Stage 2 open pit, the principal deposit at the Kipoi Copper Project in the Democratic Republic of Congo (DRC).The Ore Reserve estimate was independently completed by Cube Consulting Pty Ltd (Cube) and updates the estimate previously reported on 9th January [...]
Tiger Resources is pleased to announce it has achieved its 2013 production guidance of 41,000-43,000 tonnes of copper-in-concentrate at the Company's Kipoi Copper Project in the Democratic Republic of Congo (DRC). The Company produced 41,255 tonnes of copper for the 12 months to 31 December 2013 at the Stage 1 heavy media separation (HMS) plant at Kipoi. During the December quarter, Tiger carried out necessary maintenance [...]
Tiger Resources is pleased to provide an update on heap leach commissioning activities for the Stage 2 solvent-extraction and electro-winning (SXEW) processing plant at its Kipoi Copper Project in the Democratic Republic of Congo (DRC).Heap leach commissioning from the agglomerator to the stacker of the SXEW plant was successfully completed on 27 December 2013, and is operating as expected. Copper -rich pregnant solution [...]