Company Profile
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 will develop the Kipoi Project in stages. Stage 1 involves processing high-grade oxide copper mineralisation through a heavy media separation (“HMS”) plant. This began production mid-2011 at a rate of 35,000 tonnes of copper concentrate a year.
A scaleable 25,000tpa Solvent Extraction Electrowinning plant is planned as Stage 2 at Kipoi, where the resource base has the potential to support a +50,000tpa production capacity. A Definitive Feasibility Study for the SXEW has been completed, and the first phase of Stage 2 is underway, funded by a US$80 million debt finance facility. It is expected to come on stream in Q2 2014.
It is envisaged that ore from other deposits within the Kipoi Project area, and within Tiger’s nearby Lupoto Project, 10km from Kipoi, will also be processed during the Stage 2 operations, providing additional returns and increasing the mineral resources available as feedstock to the Stage 2 SXEW plant.
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 2013.
In addition, Tiger has a 19.9% stake in Zambian copper explorer, ASX-listed Chrysalis Resources. Chrysalis also has projects in Western Australia.