AGM Presentation
Perth, May 20, 2014 AEST (ABN Newswire) - Tiger Resources Limited (
ASX:TGS) 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 ASX
2013 Achievements
- Produced 41,255t Cu, exceeding original guidance by >4,000t, at $0.50/lb
- Stage 2 NPV increased 100%, mine life extended, cash costs reduced, IRR increased to 107%
- Cathode production to commence in May 2014
- Kipoi Central Reserves increased 112% to 30.14Mt at 1.31% Cu for 394.5Kt Cu
- Maiden Inferred Mineral Resource at Judeira of 6.1Mt @ 1.2% Cu containing 71,000t
------------------------------------------------------------------C1 cost Cashflow Production Stage 2 SXEW Resources Reserves------------------------------------------------------------------$0.50/Ib $86m 41.25kt Cu Early and on Increased Increased budget 11% 41%------------------------------------------------------------------
Tiger Exploration Outlook 2014
- Focus on review of all historical data
- Development of targets, at Kipoi, Lupoto and La Patience
- Drilling Judeira, Kaminafitwe, Sase Central & new targets
- Drill to define Resource potential
To view the full presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TGS-678358.pdf
About Tiger Resources Limited
Tiger Resources Limited (ASX:TGS) has established itself as a producing copper/cobalt company with excellent growth potential after making the transition from an explorer. We have a highly-rated portfolio of properties, all strategically located on the world renowned Katanga Copperbelt in the Democratic Republic of the Congo (DRC), central Africa.
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