Tiger Resources Limited: Annual General Meeting Presentation
27.05.2015 | ABN Newswire
Perth, Australia (ABN Newswire) - Tiger Resources Ltd. (ASX:TGS) Annual General Meeting Presentation.Tiger completed the Kipoi SXEW project on time and budget
- Kipoi is consistently producing LME Grade A equivalent copper cathode at a competitive cash cost
- Kipoi SXEW Ore Reserve increased by 23kt to 689kt of contained copper after accounting for 2014 depletion
- HMS plant ceased production in September, producing 16kt copper in concentrate for 2014
- Tiger consolidated the Kipoi JV through the acquisition of Gécamines' 40% interest and extinguished Gécamines and vendor reserve royalties<
- Balance sheet at 31 December 2014 reflects funding for the consolidation of the Kipoi JV and construction/commissioning of the SXEW plant
Safety Performance
- Tiger has maintained a high level of safety performance through construction and transition to SXEW operations
- Kipoi remains fatality free
- 3,500,000 total LTIF man hours
- Kipoi LTIF 12 month rolling rate = 0.0 per million man hours as at 30 April 2015 (compared to West Australian Metals Ore Mining 3 year average of 4.19 per million man hours)
- Total Recordable Injury Frequency Rate 12 month rolling average 3.6 per million man hours
A track record of exploration and operational success in the DRC
- Tiger acquired 60% of the Kipoi project in 2006 and has now consolidated the Kipoi JV for a net 95% interest
- Tiger has progressed the project through resource/reserve definition, project development and the DRC regulatory environment
- Delivered both the Kipoi HMS and Kipoi SXEW projects on time and on budget
- Demonstrated ability to deliver consistent mine production over 3 years, successfully navigating the wet seasons and local logistics
- Negotiated a consolidation of the Kipoi JV with Gécamines to allow all stakeholders to realise the full value of the Kipoi project
- Strong local banking relationships
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TGS-720844.pdf
About Tiger Resources Limited:
Tiger Resources Ltd. (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.
Contact:
Tiger Resources Ltd.
T: +61-8-6188-2000
F: +61-8-6188-2099
www.tigerez.com