Tiger Resources Ltd is an Australian-based company focused on the discovery, development and exploration of high-grade copper/cobalt deposits in the world-renowned Katanga Copper Belt in the DRC.
Tiger has an interest in a number of highly prospective projects covering 1,550km2, including the Kipoi, Lupoto and La Patience projects.
Tiger is developing the Kipoi Project in stages. Stage 1 involved processing high-grade oxide copper mineralisation through a heavy media separation (“HMS”) plant, which began copper concentrate production in mid-2011.
Tiger commenced production of copper cathode at its Stage 2 Solvent Extraction Electrowinning (SXEW) plant at Kipoi in May 2014, aiming to produce 25,000 tonnes in its first full year of operation. The company plans to increase this to 50,000tpa in the future. The SXEW plant is currently capable of producing 532,000 tonnes of copper cathode over 11 years. The HMS plant ceased operation in October 2014.
Ore reserves from Kipoi Central, Kileba and Kipoi North deposits, as well as Judeira and other deposits in the Kipoi and Lupoto project areas will be processed in Stage 2 operations as well as reject floats, slimes and medium-grade ore stockpiles from Stage 1. No mining is required for the first two years of Stage 2 operations.
Tiger has also acquired the 27km2 La Patience licence, 10km south-east of Kipoi, where it has identified a prominent copper anomaly. Tiger will undertake further exploration of La Patience in 2014.
In addition, Tiger has a 13.2% stake in Zambian copper explorer, ASX-listed Chrysalis Resources. Chrysalis also has projects in Western Australia.