(MENAFN- ProactiveInvestors - UK) Metal Tiger Plc (LON:MTR) boss Paul Johnson says the team are 'jumping up and down' with excitement over the group's emerging copper project in Botswana, where he believes it is still early days.
It has been a quick turnaround so far in Botswana for the company to reach a key milestone with the announcement of a maiden resource in excess of 350,000 tonnes.
'It has been about six months to go from anomalous soil samples through to drilling and then all the way through to a fully JORC compliant maiden resource,' Johnson said in an interview with Proactive Investors.
The maiden resource exceeded expectations, with the majority (64%) in the higher confidence 'indicated' resource category. 'It is a much better quality of resource categorisation and [it] increases the inherent value of what's found,' Johnson added.
'You can use an indicated resource in all the studies that [companies] have to take leading up to mining, so we're delighted.
'We've only scratched the surface. This is an enormous region, full of mineralisation and we have multiple targets and the targets keep on increasing as we keep on doing work on the ground.'
'So we could add a lot more to it, potentially.'
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