June Presentation
Perth, June 2, 2014 AEST (ABN Newswire) - Tiger Resources Limited (
ASX:TGS) presents their June Presentation. Below are the summary from the presentation.
Tiger Summary
- ASX-listed copper producer in the Democratic Republic of Congo (DRC)
- Producing copper concentrate from May 2011
- Cathode production started in May, 2014
- Transitioning to 50,000t per annum copper cathode producer
- Lowest-cost copper producer on ASX
2013-2014 Achievements
------------------------------------------------------------------C1 cost Cashflow Production Stage 2 SXEW Resources Reserves------------------------------------------------------------------$0.50/Ib $86m 41.25kt Cu Ahead of Increased Increased schedule and 11% 41% on budget ------------------------------------------------------------------
- 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 started May 2014 - ahead of schedule
- Kipoi Central Reserves increased 112% to 30.14Mt at 1.31% Cu, for 394.5Kt Cu
Tiger Future
- Grow Kipoi to 50,000t copper per annum
- Pay dividends
- Grow through exploration and acquisition
- Positive presence in local community
To view the full presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TGS-679625.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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