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TIGER RESOURCES LIMITED May 2012
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Forward Looking Statements
This presentation contains forward looking information, which is
based on assumptions and judgments of management regarding
future
events and results. Such forward looking information, including
but not limited to information with respect to the potential
expansion of
resources at Kipoi, production and expected recoveries from the
Stage 1 mining, HMS and spiral system operation, and development
of
a Stage 2 SX-EW plant at Kipoi, involves known and unknown
risks, uncertainties, and other factors which may cause the actual
results,
performance or achievements of the Company to be materially
different from any anticipated future results, performance or
achievements expressed or implied by such forward looking
information. Such factors include, among others, the actual market
prices
of copper and cobalt, the actual results of current exploration,
the availability of equity and debt financing, the volatility
currently being
experienced in global financial markets, the actual results of
future mining, processing and development activities, changes in
project
parameters as plans continue to be evaluated, as well as those
factors disclosed in the Company's filings, is available under
the
Company’s profile on SEDAR at www.sedar.com.
Competent Person Statement
The information in this report that relates to Exploration
Results, Mineral Resources or Ore Reserves is based on information
compiled
by Mr. Brad Marwood, who is a Member of The Australasian
Institute of Mining and Metallurgy. Mr Marwood has sufficient
experience
which is relevant to the style of mineralisation and type of
deposits 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 Exploration Results,
Mineral
Resources and Ore Reserves’. Mr Marwood consents to the
inclusion in the report of the matters based on his information in
the form
and context in which it appears.
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Disclaimer
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http://www.sedar.com/
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Corporate Snapshot
Corporate Snapshot
ASX / TSX Code TGS
Shares on Issue 673.5 million
Share Price A$0.35
Market Capitalisation A$238 million
Options / Performance Rights on Issue
38 million (Exp. Between Dec 12 – July14)
Cash (31 Mar-12) US$9.6 million
Debt (Trafigura facility) US$10.5 million
Major Projects Equity
Kipoi Copper / Cobalt, DRC (Mining Rights) 60%
Sase Copper, DRC (Prospecting Rights) 100%
Major Shareholders Undiluted Fully Diluted
Trafigura 26% 28%
Fidelity 6% 6%
Front Street 4% 3%
Macquarie Bank 3% 3%
Directors 1% 2%
ASX Share Price Performance
Shareholders by Region
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Tiger Strategy
STRATEGY
1 Stage 1 – low capital, high margin 35ktpa Cu HMS Plant
2 Stage 2 – 50ktpa Cu SX-EW
3 Stage 2 capex – fully funded from Stage 1 HMS cashflow
4 Growth – expand Kipoi SX-EW to 100ktpa Cu through
exploration
5 Acquire accretive assets For
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Stage 1 – HMS Ramp Up
HMS plant exceeded nameplate in March 2012 producing 3,508 t of
copper in concentrate
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Copper (t) Ore Processed (t)
Ore Processed Forecast Ore Cu Produced Forecast Cu
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Tiger Growth Profile
1. Stage 2 SX-EW based on a Scoping Study and is subject to a
DFS. 2. Expansion of production above 50ktpa is conceptual in
nature, there has been insufficient work done in determining
additional mineral resources and evaluation of other factors for
increasing production and it is uncertain that such an expansion
will eventuate in the future.
3. Free cashflow excludes interest and tax payments
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Exploration 2Q12
Planned Drilling by Target June Quarter
1 Kipoi Central 2,700 m DD
2 Kileba 2,450m DD
3 Kipoi North 1,700m DD
4 Judeira 4,000m DD 1,000m RC: Simba 2,000m DD1,500mRC
5 Sase Central, South Kapampala 5,500m DD 1,500mRC For
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Kipoi Mining Licence (55km2)
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Kipoi Central High Grade Lenses
Kipoi Central
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Judeira
Judeira South Cross Section Judeira South Collar Plan
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Located 10kms south of Kipoi and accessed via a direct road.
The licence is highly prospective with 200kt Cu initial resource
at Sase Central.
Mwana, Mwana East and Kapampala are primary ore targets
Sase South oxide and primary ore target
2012 drilling program will focus on Sase South with 5,500m
drilling planned.
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Lupoto Prospecting Licence (140km2)
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Contact:
Brad Marwood - Managing Director Phone: +61 (0)8 6188 2001
Email: [email protected]
Stephen Hills – CFO Phone +61 (0)8 6188 2002 Email:
[email protected]
Nathan Ryan – Investor Relations
Phone: +61 3 96222 159 Email: [email protected]
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Further Information
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