The directors of Tiger Resources advise that Tiger's Chairman Mr Neil Fearis will step down as Chairman of the Company and retire from the Board with effect from 31 December 2015 and Mr Mark Connelly will assume the role of Chairman from that date. Mr Fearis, who was appointed Chairman in May 2011, has overseen the development of the Kipoi Copper [...]
Tiger Resources is pleased to report the successful completion of the institutional component of its accelerated entitlement offer announced on 16 December 2015. The Institutional Entitlement Offer, together with the US$6 million placement to Resource Capital Funds completed on 17 December 2015, have raised gross proceeds of approximately US$13 [...]
Tiger Resources is pleased to advise that it has now agreed final terms for a US$162.5 million finance facility with Taurus Mining Finance Fund (Taurus) and International Finance Corporation (IFC), a member of the World Bank Group. Key Highlights: - Taurus/IFC facility finalised - Equity capital raising to raise up to ~US$25 million, comprising [...]
Sydney, Australia (ABN Newswire) - Tiger Resources Ltd. (ASX:TGS) delivered an improved and consistent production performance in Q3 2015 with 7,139 tonnes of copper cathode produced and 6,833 tonnes sold. Cash operating costs were US$1.40/lb, with a US$1.63/lb all-in sustaining cash cost. Kipoi's exemplary safety record was maintained. The lost [...]
Tiger Resources is pleased to announce that it has agreed a terms sheet with Taurus Mining Finance Fund and International Finance Corp., a member of the World Bank Group, for a common terms agreement for a USD162.5m secured financing facility for the refinancing and expansion of the Kipoi Copper Project in the Katanga Province of the Democratic [...]
Tiger Resources is pleased to announce the appointment of senior mining industry professional Mark Connelly as an independent non-executive director of the Company. Mark has extensive resource industry experience in CEO and Managing Director roles at a number of international companies across multiple jurisdictions including Australia, North [...]
Tiger Resources is an Australian-based minerals resource company engaged in the mining and production of copper. Its ordinary shares are listed for quotation on the ASX under the code "TGS". The Group's principal asset is the Kipoi Copper Project (Kipoi), which is operated by Tiger's subsidiary Socié té d'Exploitation de Kipoi SA [...]
Tiger Resources reported a record performance for Q2 2015 with 6,732 tonnes of copper cathode produced and 6,972 tonnes sold. Cash operating costs decreased by 5% from Q1 2015, reflecting the benefit of the increase in production volumes following the end of the wet season in April. SECOND QUARTER HIGHLIGHTS - Long term finance package secured [...]
Tiger Resources is pleased to announce positive results of an engineering and costing study for the debottlenecking of the Kipoi SXEW plant to increase production to 32,500tpa. Highlights - Reserve-backed life of mine (LOM) of +16 years at 32,500tpa rate - Low risk debottlenecking project - Average LOM cash operating costs of US$1.27/lb at [...]
Tiger Resource is pleased to announce that it has agreed terms with Taurus Mining Finance Fund for the refinancing of Tiger's existing secured debt facilities and arrangement of a new facility to fund potential debottlenecking works at the Company's Kipoi Copper Project in the Democratic Republic of Congo. Background The terms agreed with Taurus [...]
The Board of Tiger Resources Ltd. (ASX:TGS) would like to take this opportunity to update you on a number of important initiatives the Company is taking to restore shareholder value. 2014 was a transformational year for Tiger that resulted in: - the successful transition to a producer of copper cathode; - the successful development and [...]
Tiger Resources is pleased to provide an update on the operating performance of the solvent-extraction and electro-winning (SXEW) plant at its Kipoi Copper Project in the Democratic Republic of Congo (DRC) following completion of the first 12 months of cathode production. The SXEW plant was commissioned in May 2014, ramp-up of production to the [...]
