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 involves processing high-grade oxide copper mineralisation through a heavy media separation (“HMS”) plant. This began production mid-2011 and Tiger now expects produce a total of 132,000 tonnes of copper in concentrate from the plant over its 42-month life.
A scaleable 25,000tpa Solvent Extraction Electrowinning plant as Stage 2 is under construction at Kipoi, where the resource base has the potential to support a +50,000tpa production capacity. It is expected to come on stream in Q2 2014 and produce 25,000 tonnes of copper cathode in its first full year of production, and 50,000 tonnes per annum in subsequent years. The SXEW plant is currently capable of producing 532,000 tonnes of copper cathode over 11 years.
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 19.9% stake in Zambian copper explorer, ASX-listed Chrysalis Resources. Chrysalis also has projects in Western Australia.