Metal Tiger plc provided an update regarding the Company’s Joint Venture (“JV”) project with partner MOD Resources Limited (“MOD”) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger). Highlights: T3 Open Pit Prefeasibility Study assuming a 2.5Mtpa base case and 4.0Mtpa upside case, on track and due to be completed by end of January. The T3 Open Pit and T3 Underground resource drilling will continue through H1 2018. Major regional exploration programme commenced, focussed on targets outside T3 Project area, namely the T3 Dome, T20 Dome and ‘T-Rex’ targets. Objective to replicate T3 discovery techniques (soil sampling, geophysics & drill testing). Environmental Management Plan (EMP) lodged for drill testing of highest priority T3 Dome airborne electromagnetic (AEM) geophysics survey targets, approval expected March. T3 Dome AEM geophysics 193km2 survey-extension completed, results pending. Trial AEM geophysics survey (circa 787km2) on T20 Dome and T4 (2m@6.12% Cu & 111g/t Ag) will commence in early February. Soil anomalies extend >140km along Central Structural Corridor from T3 Dome to T20 Dome, including a 60km long zone with anomalous copper and Zinc at T20 Dome. Tshukudu has exercised the Option to acquire two key licences (1,010km2) over T20 Dome. Given the initial findings of the joint venture’s regional soil and geophysics programmes, and the increased knowledge of the structural controls and mineralisation styles likely linked to the new copper and zinc anomalies, feel that the continued investment through regional drill testing is likely to yield exciting returns. Benefiting from the updated knowledge of the distribution and style of copper deposits in this part of the Kalahari Copper Belt, consider it a strong possibility, that one or more of the regional anomalies, within extensive tenement package, will turn out to be an as-yet undiscovered T3 style sediment hosted copper deposit. Major exploration campaign now scheduled to commence over joint venture T3 Dome and T20 Dome. T3 Dome drilling expected to commence in March following approval of the Environmental Management Plan (EMP). Eight drill rigs are operating at T3 (6 diamond rigs, 2 reverse circulation rig) and are available to move onto the regional targets when the EMP is approved. Three further AEM geophysics survey blocks are planned along the T20 Dome and adjacent T4 copper prospect, to commence in early February. These will cover areas with strong soil anomalism and structural complexity interpreted from magnetics, with a total planned survey area of circa 787km2. The soil sampling has defined copper and zinc anomalies with similar characteristics that led to the discovery of T3, along a circa 140km long Central Structural Corridor (the CSC). With copper and zinc anomalies occurring within a 60km (E-W) by 20km (N-S) area on the eastern side of the T20 Dome (part of which will be covered in the planned February AEM survey). These soil anomalies appear to merge with the T4 anticline to the north. Priority drilling is planned for targets where geophysical anomalies from the initial T3 Dome AEM survey and elevated soil sample anomalies coincide. Only previous drilling near the T20 Dome, is at the adjacent T4 where reverse circulation drilling on a soil anomaly (hole MO-A-04R) intersected 2m@ 6.12% Cu & 111g/t Ag from 101m (announced 1 April 2016). Further drilling at T4 was put on hold when T3 was discovered. Programme objective is to identify further T3-Style mineralisation within the extensive portfolio of licences. Drill targets at T3 Dome and T20 Dome will include large (5km to >20km long) shallow dipping domal structures interpreted from magnetic geophysics, copper and zinc soil anomalies, within prospective sedimentary sequences. Drilling targeting the 11km long anticlinal structure (centred around T3) named ‘T-Rex’, has already started, and will continue, with first assay results expected in February. Domal structures considered prime structural traps for sediment hosted copper mineralisation. Recent examples include the Kamoa-Kakula Project (Ivanhoe Mines Ltd.) copper discovery in the Democratic Republic of Congo, which is hosted by a series of shallow domes. Tshukudu exercised the Senyetse Option Agreement to acquire 100% interest in exploration licences PL 126/2013 and PL 127/2013 with a combined area of 1,010km2 over the centre of the T20 Dome, in mid-January. Widespread anomalous soil results from Tshukudu sampling have confirmed the prospectivity of the two tenements. The planned 2018 first half (H1) schedule for both open pit and underground T3 workstreams and the regional exploration work programmes is summarised: T3 Open Pit Project; January: Prefeasibility Study (PFS) completion, results expected end of January; February: Commence definitive feasibility study (DFS); T3 Underground Project; Mid-January to Mid- April: Resource Drilling; Mid-April onwards: Mineral Resource & Scoping Study; T-REX Target; Ongoing diamond drilling of the structure; T3 Dome Regional Programme; December 17: AEM survey extension flown over T21, results expected in February; January to mid-March: DEA approval process; Mid-March onwards: diamond drilling programme to test highest-ranking AEM targets; T20 Dome & T4 Regional; February: AEM geophysics planned; Late February to end of April: DEA approval process; May onwards: diamond drilling programme to test new targets; Soil Sampling Programme Summary. The interpretation of results from systematic soil sampling within Tshukudu licences, over the 170km long Central Structural Corridor (CSC) is outlined below. This includes 31,800 samples collected by Tshukudu and previous explorers. Copper and Zinc soil anomalies (>15ppm Cu, > 12ppm Zn) extend over >140km along the CSC. Zn is used as a Cu pathfinder, as Zn more mobile in weathering profile and more likely to be detected in the surficial calcrete layer extensive throughout the CSC. Highest T20 Dome soil Zn value to date 57ppm. Soil anomaly which led to discovery of T3 Deposit was 27ppm Zn & 28ppm Cu. Largest group of anomalies is in eastern part of T20 Dome, including T4, extending approximately 60km east-west and up to 20km north-south. Samples collected immediately outside the CSC generally not anomalous, significant anomalies exist in different structural domains (e.g. T17, 50km north of T20 Dome). Highest zinc soil value from CSC to date 57ppm Zn (T20 Dome). Soil sampling over eastern part of T3 Dome is ongoing and is planned to cover the western part of T20 Dome up to 20-30km west of current anomalies.