tiger resources on the way to the big players

I found this detailed article on the well known German Finance information board wallstreet-online.de where there is also a Discussion Forum with a thread of TGS.

Original it is in German link:

http://rohstoffe.wallstreet-online.de/nachricht/2414153.html

The author works for Goldinvest.de


First part of the long article:

Tiger Resources on the way to the big players

Tiger Resources is still on track to the next success stories.

Tiger Resources since early 2008 has some tremendous progress towards a possible copper production from the end of 2009. An initial resource estimate for Australian mining and resource calculation standard JORC (Joint Ore Reserves Committee) provided for the flagship project Kipoi (Kipoi is located in Katanga, the southernmost province of the Democratic Republic of Kongo, about 60 km northwest of the provincial capital Lubumbashi) an initial resource of 13.4 million . Tonnes of rock with an average copper concentration of 3.3% plus cobalt and silver, totalling approximately 439,000 tonnes of copper, 20,000 tonnes of cobalt and 1.4 million ounces of silver. This initial resource contains a high proportion of about 3.2 million tonnes Erzgestein with an average copper content of 7.2%, a total of 230,000 tonnes of copper, 5,200 tonnes of cobalt and 440,000 ounces of silver.

If interested in the complete article see below.




Here is the link to the translation of the website from German to English:


http://translate.google.com/translate?u=http%3A%2F%2Frohstoffe.wallstreet-online.de%2Fnachricht%2F2414153.html&sl=de&tl=en&hl=en&ie=UTF-8



In case you have problems to with the link, here is the complete article translated from German to English:


Tiger Resources on the way to the Big player
Reader of the article: 713

Tiger Resources is further on best way to one of the coming success stories.

Tiger Resources could register some enormous progress since beginning of 2008 to a moeglichen copper production starting from end of 2009. A first resources estimation after Australian mining industry and resources computation standard JORC (Joint Ore Reserves Committee) supplied for the flagship project Kipoi (Kipoi is appropriate for the southernmost province of the democratic Republic of the Congo, about 60 km in Katanga, northwest the province capital Lubumbashi) initial resources of 13,4 million tons rock with an average copper concentration of 3,3% plus cobalt and silver, altogether to about 439,000 t with copper, 20,000 t cobalt and 1.4 million ounces silver. This initial resources contain a high-grade portion of approximately 3.2 millions t ore rock with an average copper content of 7,2%, thus altogether of 230,000 t copper, 5,200 t cobalt and 440,000 ounces silver.

Within the high-grade copper mineralisation meters could be determined times 25 meters accomplished Infill drillings among other things 13.3 of meters with 22,5% copper, 16.5 meters with 16,5% copper, 104.5 meters with 8,7% copper, 118.6 meters with 7,0% copper and 9.0 meters with 23,4% copper by means of in a distance of 25. All these results and estimations refer only to Kipoi cent ral, one of altogether seven potential copper occurrences on the Kipoi real estate.

Altogether on Kipoi cent ral to date 106 Loecher with a total drilling length were bored by 17,900 meters. So far only 450 of the well-known caper length was tested by 550 meters. The width of the well-known mineralisation amounts to about 100 meters.

Cube Consulting Pty Ltd., which provided the past estimation, prepares up-to-date an updated estimation for the high-grade ore range. This new estimation will form also the basis for a definite feasibility study, the Lycopodium engineering Pty Ltd. in the connection provide and will publish.

Beyond that tiger Resources is momentarily busy to test the external areas of Kipoi cent ral to trembling ears over to what extent the mineralisation continues. Also deeper drillings are under way, in order to reconstruct, to be kept as far the Kupfermineralisation into the depth extended and around an accurate 3D-Modell of the total mineralisation to Kipoi cent ral for coming production plans.

How the degrees found to date are to be estimated really, the following example shows:
The world largest copper mine operated in the open mining, which produces Chuquicamata copper mine in the midst of the Atacama desert in the north of Chile most profitably annually about 600,000 t copper and with average degrees of 1,5% copper, which corresponds about to a quarter to half of the degrees, which tiger Resources on Kipoi cent ral can exhibit.

Further copper resources could constitute tiger Resources on Kipoi North. This lies about 1,000 meters noerdlich from Kipoi cent ral and possesses an expansion of at least 750 times 150 meters. First drillings brought among other things results of 2,2% to copper over 76.5 meters, 2.5% copper over 80.0 meters and 2.8% copper over 72.0 meters to day. Altogether here about 7,100 meters in 65 Loechern were bored. From 43 this Loecher the results are still pending. A JORC based estimation is expected for the late summer 2008.

On Kipoi cent ral west (about 400 meters lain to the west of Kipoi cent ral) were accomplished altogether seven drillings. Among other things 26.0 meters with 1,6% copper and 81.0 meters with 1,1% copper could be proven. One counts on Kipoi cent ral west on an expansion of the mineralisation of approximately 600 times 50 meters.

On Kileba, about 7 km southeast from Kipoi cent ral were accomplished 16 Diamantbohrungen with a total drilling length by 2,700 meters. The results for this are still pending. Historical promotion of private stir up far from laesst on a mineralisation length of at least 1,900 meters close. Beside the mentioned drillings is planned for Kileba a further 18 Loecher and/or 2,800 meters comprehensive drilling program for the next weeks and months and a resources estimation for at the end of of 2008.

to 3.5 km northeast from Kipoi cent ral Kaminamfitwe with a total extension of at least 200 times 80 meters lies. An about 1,000 drilling meter comprehensive drilling program brought already in 2007 among other things results of 36 meters with 0,84% to copper, 24 meters with 1,20% copper, 9 meters with 2,10% copper and 26 meters with 0,87% copper. The degradableness of copper lies in the open mining enterprise up-to-date with approximately 0.4% upward. Further drillings are in planning.

On basis of all above-mentioned realizations the further steps look up to a planned commencement of production on Kipoi to at the end of 2009 now as follows:

Until first a definite feasibility study is to be provided to June/July 2008 for Kipoi cent ral. This will be based on the high-grade part (copper portion of > 5%) of the Kipoi Central occurrence.

Whereupon constructing the project financing (to be needed estimated 40 to 50 millions US$) is to be accomplished in the autumn/winter quarter 2008.

Until a negotiable feasibility study provided January 2009, which will point the accurate basic data out for production and cost planning.

Likewise to at the beginning of 2009 the complete takeover of Congo of mineral should be final. Congo of mineral keeps over sec. sprl 60% current by Kipoi, tiger Resources a 13-%igen - to portion of Congo of mineral with the option the remaining 87%. In addition 10 millions US$ muessen and until 16 months after completion of the negotiable feasibility study further 12 millions US$ to be spent until 6 months after completion of the negotiable feasibility study. The intention for the assumption of the 9% of igen portion of the partner Orgaman was already stated in the Maerz 2008 and due blocks of shares was spent.

After conclusion all these points copper can take place starting from the first quarter 2009 with the construction of a first production plant for an annual production from 35.000 t. Current estimations proceed from operational costs with 1.500 US$ per ton copper. This will annually bring in first a cash-flow of approximately 200 millions US$ for tiger.

Starting from 2012 this plant is to be removed then in several steps on a total production quota by 100.000 tons annually.

A further important point on the way to production represents the infrastructural situation approximately around Kipoi. Directly by the license area through run both the main street and the main railway line between Lubumbashi and Likasi and a high voltage transmission line. Also sources of water are present in sufficient mass.

Beyond that a copper melt with sufficiently capacity, second is northwest from Kipoi in Lubumbashi. In the Maerz 2008 it became besides admits that race to Al Khaimah of mineral & Metals of investment in the southern Katanga a new copper and cobalt melt wants to establish for 200 millions US$.

At the end of April 2008 could tiger Resources first activities of a second, very promising project report. First drillings on the Pumpi project (about 45 km lain east of Kolwezi) pointed among other things mineralisations of 1,4% copper and 0.36% cobalt over 81 meters, to 0.72% cobalt out over 14 meters as well as 1.6% copper and 0.57% cobalt over 28 meters and suggest significant copper cobalt resources. Above all the cobalt degrees are extremely considerable, represent them nevertheless 10 times a value of a normal cobalt mineralisation.

These results originate from 7 boreholes, results from 11 further are still pending. One can proceed generally from a mineralizing over at least 700 meters. Two further visible mineralisation zones are to be examined in further drilling programs. A mineralisation depth is to be confirmed by at least 150 meters also by means of Diamantbohrungen.

The Pumpi project represents one of 7 (1,640 qkm comprehensive) licenses Joint of a venture with Aurum sprl, at the tiger Resources a portion of 70% holds.

On further these Aurum licenses - Lupoto, which are appropriate for about 10 km south of Kipoi, could be constituted 3 anomalies of copper. On one of it thereby results could be won by 67 meters with 2,83% copper and 51 meters with 1,5% copper. Further drillings are planned for 2008.

At the beginning of of May 2008 could report tiger Resources the receipt of four further exploration licenses in the copper-rich area around Lubumbashi. Tiger holds in the future 60% at four areas, which of several large copper mines and/or - occurrences are surrounded. The further partners are Afrimines Resources sprl and Katanga of mineral holdings sprl with in each case 20%. Tiger Resources commits itself 90% of all expenditures up to a negotiable feasibility study - which must be provided to at the latest June 2011 - to apply and altogether 3 million US$ for the case of a production start to the two partners to pay. First drillings are planned starting from June/July 2008.

Also within the financial range tiger Resources could achieve some successes since beginning 2008. So one could report at the end of February 2008 a placement of 12,6 million shares to 0.50 AU$ to the MacQuarrie bank.

Beyond that Maerz run out option program could be generated altogether 32.5 millions AU$ from the end.

The current cash existence is with approximately 32 millions AU$, the monthly expenditures - particularly for exploration activities - lies with approximately 1.2 millions AU$. A part of the current cash existence is to serve thereby as foundation-stone for the financing the first planned processing installation.


Recapitulatory it is to be marked for Kipoi that up-to-date for all single occurrences on Kipoi still results are pending and/or are current drilling work under way. The management of tiger Resources expects for Kipoi to at the end of of 2008 resources of 1 million tons copper, which will make Kipoi beside Luishia largest copper stores in Suedkatanga.

Also for Pumpi, Lupoto and the new Afrimines areas drilling work is set and/or already under way.

The still current Reviewing process of the government of the democratic Republic of the Congo, which concerns also the Kipoi project, did not duerfte larger surprises more holds ready. The independent test commission locked its investigations and published editions and/or recommendations regarding it.

With the production of a negotiable feasibility study tiger Resources to beginning of 2009 will have fulfilled the most important point from it. The baldestmoegliche development inclusive Sicherstellung the production-ready one of the project is in full course, just as the integration of GEC amine responsible persons into the violent business and/or in the tiger management. Social activities were carried out to date and also in the future a high value with tiger Resources will take.

Tiger Resources is well prepared in all interests on the way to one of the success stories of the next months and years and to the Big player in the south of the democratic Republic of the Congo.

Author: Sven Olsson