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TIGER RESOURCES LTD ENTERS INTO ANOTHER EXPLORATION JOINT VENTURE
Tiger Resources Ltd, (Tiger) is pleased to announce that in association with its Congolese partner, Groupe
Orgaman, (Orgaman) it has entered into an agreement with Aurum SPRL to have the right to explore for and
develop any mineral deposits discovered within mining tenement PR 2214. Tiger is entitled to a minimum
71.25% interest in any and all deposits that reach mining stage.
The tenement (PR 2214) to which Aurum holds mining title covers an area of 293 sq km and lies in the
centre of the world class Zambia Congo Copper belt of the Katanga Province of the Democratic Republic of
the Congo (DRC). The permit area is located approximately 65km southeast of the world class
Shinkolobwe Uranium and Gold deposit.
Programme Details
Geological mapping of an area that includes PR 2214 indicates that the same structures and lithological
units which host polymetallic deposits at Shinkolobwe (Uranium, Copper, Gold) Kipese (Copper, Gold,
Palladium, Uranium) and possibly Kabolela (Copper, Cobalt) extend into the property and can be traced
along strike for at least 20km across the property. Copper deposits located on the same mineralised trend
are situated within 10km of the property to the southeast and include the Lupoto deposit (4.9 Mt at 4.4% Cu)
and the Kasonta deposit.
Orgaman
Tiger is fortunate to have as it’s Congolese partner Groupe Orgaman, a large Belgium owned Congolese
trading house that has been operating in the DCR for over 70 years. Group Orgaman is a major corporation
with substantial assets and extensive interests in agriculture, food production and distribution, transport,
shipping, property development and natural resources. Groupe Orgaman is also the local partner of the
ASX listed MOTO Gold Mines Ltd a company that has a major holding in the Kilo-Moto area of North Eastern
Congo.
2
Orgaman’s partnership with Tiger represents its second investment in the world class Kolwesi/Likasi Copper
Cobalt Belt.
Tiger and Orgaman have agreed to share all exploration expenditure and costs associated with initial
exploration and the preparation of a Bankable Feasibility Study on a 50/50 basis. Tiger has been appointed
as the technical manager of the project.
Consideration
The consideration payable to Aurum is payable jointly by Tiger and Orgaman and is as follows:-
(A) An initial payment of US$30,000 (equivalent to A$39,100) on signature and finalisation of all legal
formalities.
(B) The interest of Tiger/Orgaman at the Commencement Date will be 75%.
(C) The interest of Tiger/Orgaman will be reduced to 71.25% upon conversion of the Prospection Permit
to an Exploitation Permit (5% to the state).
(D) At completion of the Bankable Feasibility study Aurum may contribute to expenditure or dilute
according to standard dilution clauses. Should Aurum’s interest dilute to 5% it shall withdraw from
the agreement and retain a 5% Net Profits Interest.
(E) Tiger/Orgaman will sole fund to the conclusion of a Bankable Feasibility Study. Tiger/Orgaman to
incur minimum exploration expenditure of US$250,000 for the first 12 month period from the
Commencement Date and US$750,000 for the second 12 month period
Yours faithfully,
Tiger Resources Ltd
D N ZUKERMAN
Director
Competent Person Declaration
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled
by Klaus Eckhof, who is a member of the Australasian Institute of Mining and Metallurgy. Klaus Eckhof is not a full time employee of the
Company. He is employed by Corporate Resources Consultants Pty Ltd and has sufficient experience which is relevant to the style of
mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a "Competent Person" as
defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves”. Klaus Eckhof consents to
the inclusion in the report of the matters based on his information in the form and context in which it appears. is considered a
"Competent Person" as defined by the “Australasian Code for Reporting of Mineral Resources and Ore Reserves”.
Wahnsinn, super news.
Auf gehts
Auf gehts
das gebiet des 2. kongo-projektes des tiegers befindet sich ebenfalls in der südlichen provinz Katanga im Zambia/Kongo-copperbelt indem auch Kabolela (1. Projekt in der startphase) liegt.
partner ist wieder der logistiger Orgaman und der ist auch partner von Moto gold.
n111
partner ist wieder der logistiger Orgaman und der ist auch partner von Moto gold.
n111
Warum muß hier eigentlich extra ein neuer Thread eröffnet werden? Bitte im alten weiterposten.
MfG nz.
MfG nz.
[posting]18.042.244 von newzealaender am 27.09.05 10:50:42[/posting]man du schlaumeier, dann geb die threadnummer wenigstens an!!
grüsse, Ra
grüsse, Ra
geile news. die projekte liegen ziemlich nah beieinander. das spart kosten.
welcher börsendienst wird zuerst empfehlen?
BV?
welcher börsendienst wird zuerst empfehlen?
BV?
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