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London Stock Exchange AIM Listed: MTR

UBUNTU font for Metal Tiger

January 2017

January  2017 METAL  TIGER  PLC  |  AIM  MTR 1


110117
Disclaimer
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form part of, and should not be construed as, an offer or invitation to sell or any solicitation of required to seek registration, it would likely have a material detrimental effect on the
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purposes of Section 21(2)(b) of the Financial Services and Markets Act 2000. Reliance on protections afforded to customers (as defined in the rules of the Financial Conduct Authority)
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professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial statements contained in this Presentation prove to be incorrect, the actual outcome or results
Promotion) Order 2005, as amended (the "Order"), or (iii) high net worth companies, may differ materially from outcomes or results projected in these statements. The Company
unincorporated associations and partnerships and trustees of high value trusts as described is under no obligation to update or review any forward-looking statement, whether as a result
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compliance with an exemption or exemptions from various state and federal laws regarding acquire, any ordinary shares in the Company in any jurisdiction.
securities registration. Further, the Company intends to restrict any offer and sale of its
securities and its business activities to remain in compliance with exemptions from the

January  2017 METAL  TIGER  PLC |  AIM  MTR 2


Board & Management
Charles is an experienced International Banker with over 30 years with HSBC in a variety of Finance and Insurance roles. He has had
Charles Hall significant overseas senior management experience as well that of running complex businesses. His prime focus has been on strategy
and corporate restructuring with the emphasis on re focussing businesses on their core revenue streams. Charles holds a BA (hons)
Non-Executive Chairman from the University of Sussex, is an Associate of the Hong Kong Institute of Bankers and is a Fellow of the Royal Geographical Society.
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Michael is an experienced corporate financier having advised several private, Main Market listed, AIM quoted and ISDX listed companies
Michael McNeilly during his tenure at Arden Partners (AIM:ARDN) and Allenby Capital respectively. Michael previously worked as a Corporate Executive
at Coinsilium (ISDX:COIN) where he worked with early stage blockchain focussed start-ups providing corporate finance and strategy
Chief Executive Officer advice. He studied Biology at Imperial College London and has a BA in Economics from the American University of Paris.

Paul Johns on is a C hartered Accountant, Associ ate of the Ins titute of C hartered Loss Adjusters and of the C hartered Ins uranc e Institute.
Paul Johnson Paul holds a BSc (Hons) in Management Science from the University of Manchester Ins titute of Scienc e and Tec hnology . He has held
various board roles on AIM and is c urrently a Non-Exec Director of Thor Mining (LON:THR); and a Non-Ex ec Director of Metal NRG
Non-Executive Director quoted on the ISDX (MNRG).

Keith is a Chartered Accountant and an experienced AIM company Director. He has previously held a number of senior financial
Keith Springall positions including that of Commercial and Finance Director of Hi-Tec Sports International, the £100m turnover footwear & clothing brand
and FD of Jardine Matheson Companies in Hong Kong , the Philippines & Australia. Keith has recently been a director of World
Finance Director Federation for Mental Health UK and is currently a director of St George’s Hill Lawn Tennis Club in Surrey.

Terry Grammer Terry has over 40 y ears’ ex perience i n mining and expl oration in Aus tralia, Africa, Southeas t Asia and N ew Zealand. Discov ered the
Non-Executive Director Cosmos Nickel deposit for Jubilee Mines NL and was awarded the AMEC (Association of Mining & Expl oration Companies) joi nt
Prospector of the Year Award. Terry was previously a director of Sirius Resources NL (ASX:SIR).

Alastair is a mining i ndustry ex ecutive with more than 27 y ears of i nter nati onal ex perience, in both underground and open pit operations.
He is a qualified geologist and has a Master of Science Degree in Mineral Ex ploration from the Roy al Sc hool of Mines, Imperial C ollege.
Alastair Middleton Alastair worked for four y ears as a Mining Geologist with Goldfields of South Africa in the early 1990s before joini ng Datamine
Internati onal (UK) where he worked for 14 years as Mini ng Consultant. In 2008 he joi ned Standard Bank as a T echnical Advis or where
Technical Director he had overall res ponsibility of tec hnic al approv als and “signing off” mining financ e deals. Al astair worked on num ber of deal trans actions
involving debt finance, corporate finance, off-takes, equipment finance, M&A, advisory and business recoveries.

January  2017 METAL  TIGER  PLC |  AIM  MTR 3


Company Overview
Exchange LONDON  (AIM)  :  M TR
Issued  S hare  Capital 774,660,000   shares
Latest  Share  Price
1.52p     (11/01/2017) Market  Capitalisation £11.8m
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52  week  high  /  low   6.48p  /  0.73p


Avg  Daily  V ol  (as  at  11th  January  
4.3m  million   shares
2017):

• Natural resources investment company with a diverse portfolio in both commodity exposure
and geography
• Core projects in Botswana and Thailand and a promising exploration project in Spain

• Diverse commodity exposure and projects at various stages of development

• Core focus for 2017 on delivering value from Thailand and Botswana projects

• Corporate repositioning away from Asset Trading to Direct Projects

• Asset Trading business has an on balance sheet valuation of £2,812k as at 30th November

January  2017 METAL  TIGER  PLC  |  AIM  MTR 4


Investment Highlights
Well positioned to deliver near term returns and benefit from commodity
renaissance

1 Production • Thailand, Boh Yai and Song Toh silver-lead-zinc assets, represent
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Potential advanced and near-mid term production potential – 72% effective
interest
• Botswana, a high grade copper deposit to come on stream when copper
enters a deficit market in 2019 – 30% direct interest

2 Competitive • Directors believe projects provide unique diversified commodity


Advantages exposure in upward trending market
• Skilled at identifying high impact accretive investments

3 Management • New management and Board to drive corporate strategy forward


• Management are shareholders and aligned with all shareholders

4 Quality partners • Metal Tiger has first rate JV partners in highly prospective, attractive
and mining friendly regions

January  2017 METAL  TIGER  PLC |  AIM  MTR 5


Botswana - 30%

• Joint Venture with MOD Resources (ASX:MOD) on Kalahari Copper Belt. UK Joint Venture
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Vehicle (30% MTR / 70% MOD) acquired 14 exploration licences from Discovery Mines
(Proprietary) Ltd (“DMI”). Full approvals have been received from local authorities.
• The T3 Project has maiden, JORC compliant Total (Indicated & Inferred) Mineral Resource
Estimate of 28.36Mt @ 1.24% Cu & 15.7g/t Ag, approx. 350kt Cu + 14.27Moz Ag at 0.5% Cu
cut-off grade. Mineralisation is open.
• 64% of Resource classified as Indicated, remainder Inferred.
• Total Resource includes high-grade core of 8.48Mt @ 2.16% Cu & 30.6g/t Ag, for
approx.183kt Cu + 8.34Moz Ag at1.5% Cu cut-off grade.
• T2 Prospect (20km N of T3) currently subject to separate ongoing drilling campaign. Recent
intercepts include 5m @ 2.3% Cu & 42g/t Ag from 61m. T2 is 3.5km east along strike to high-
grade Mahumo Cu/Ag deposit.
• Several new copper anomalies identified from an ongoing regional soil sampling programme
give pipeline of drill targets.

January  2017 METAL  TIGER  PLC |  AIM  MTR 6


Botswana

Cupric Canyon Capital, Zone 5 Deposit


100Mt @ 1.95% Cu + 20g/t Ag UBUNTU font for Metal Tiger

T1: Mahumo Resource Extension

T2: Current Drilling T2: Current Drilling

T3: Maiden JORC Resource (Sept 2016)


28.36Mt @ 1.24% Cu & 15.7g/t Ag

Current Drilling for Resource Upgrade & Extension

January  2017 METAL  TIGER  PLC |  AIM  MTR 7


Botswana
• Positive Preliminary Base Case Model:
• Assuming US$2.53/lb Cu) which is approximately 2% below current Cu sport price
• Estimated NPV10% approximately US$180M and IRR of 31% UBUNTU font for Metal Tiger

• Average annual cash flow approximately US$44m pa


• Estimated LOM production average 21.8ktpa Cu and 665kozpa Ag
• Mine life of 10 years with 9.25 years of production
• Project cost circa US$135m including US$18M pre-strip and US$18.3M contingency
• LOM C1 costs of US$1.29/lb Cu including silver credits
• Expected payback of 2.6 years
• JORC Resource and scoping study completed circa 12 months from initial joint
venture and circa 10 months from initial drilling. Total discovery and resource cost
US$1.7m (US 0.22 cents/lb)
• Each 10c/lb rise in the copper price is estimated to add $25m to pre-tax NPV
• Scoping study completed on a 2Mtpa open pit mining operation with on-site
processing to be taken forward as the base case into a pre-feasibility (PFS) starting
early 2017
• Minimal drilling outside resource area. MOD/MTR licences cover circa 1,000km²
potential around T3. RC drilling along strike

January  2017 METAL  TIGER  PLC |  AIM  MTR 8


Silver Lead Zinc Mines

Thailand Joint Venture Agreement signed with


owners of Boh Yai and Song Toh Silver-
Lead-Zinc mines. JVA governs process
and ownership elements of a transaction
LAOS
where the principal objective is to permit
and bring the mines back into production.
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Boh Yai / Song Toh .Metal Tiger interests now include:


• one Exclusive Prospecting Licence
MYANMAR
THAILAND Application ("EPL"): Gold/Antimony
Chanthaburi
Nakorn Sawan - Lopburi Project
• one Mining Lease Application ("MLA"):
Gold/Antimony Chanthaburi
Bangkok • five Special Prospecting Licence
Prachinburi Applications ("SPLA"): Copper/gold Nakorn
CAMBODIA Sawan & Lopiburi, Copper Prachinburi
Chanthaburi prospects
• eight SPLA’s surrounding the historical
mining operations at Boh Yai and Song
Toh Silver-Lead-Zinc mines in Western
Thailand
Gold-Antimony Belt
• exploration & mining database relating to
Copper-Gold Belt Boh Yai and Song Toh mines
Tin Belt • two MLAs overlaying historical
Kanchanaburi MLAs
Silver-Lead-Zinc Belt

GULF OF THAILAND

January  2017 9
Thailand

• JVA signed in August 2016 on Boh Yai and Song Toh Silver Lead Zinc mines
granting MTR’s 90% owned JV partner Metal Tiger Exploration Company Ltd UBUNTU font for Metal Tiger

(“MTE”), the right to acquire an 80% stake in Boh Yai mining company which holds
several Mining Lease applications over the mine
• A wealth of operating data from 1978 to 2002 and historic exploration data
including core samples
• Based on current proposed structure would give Metal Tiger Plc (“MTR”) a 77.9%
effective interest in the mines
• MTR committed to finance up to USD1.5m in respect of permitting costs
• Various cash payments under JVA over life of mine including a US$500,000
payment to vendor upon granting of the BYMC (Boh Yai Mining Company) Mining
Lease Applications
• NI 43-101 Preliminary Economic Assessment (JORC 2012 equivalent) report
published in 2013 by ACA Howe competent persons
• MTR assessing corporate options relating to Thai project

January  2017 METAL  TIGER  PLC  |  AIM  MTR 10


Thailand: Recent Development

• MTE has engaged Bara Consulting out of the UK to oversee in-country


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mine planning for government submissions

• Bara is looking more closely at the PEA and historical information to


increase reserves and life of mine

• The internal team in Thailand is compiling information on historical reserve


balances from the stopes (2002- mine closure year) to increase the
classification of 43-101 reserves

• The Thailand team is also compiling historical drill data on the Boh Yai mine
of areas with significant upside at depth and along strike

January  2017 METAL  TIGER  PLC |  AIM  MTR 11


NI 43-101 Compliant Resource (1)

Tonnes Pb (%) Zn (%) Ag (g/t)

Indicated
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Boh Yai 2,138,100 3.12 3.30 73.84

Song Toh SW 318,200 2.84 0.25 87.27

Song Toh Camp 439,200 6.29 1.42 56.13

2,895,500 3.57 2.68 72.63

Inferred

Boh Yai 1,643,000 2.36 3.36 44.10

Song Toh SW 179,000 4.70 0.05 78.35

Song Toh Camp 133,000 7.80 3.53 68.40

1,955,000 2.95 3.07 48.89

TOTAL 4,851,000

1. Cut off Grade 3% Pb.

January  2017 METAL  TIGER  PLC |  AIM  MTR 12


Thailand Team

• Text
Geoff McIntyre B.A, M.A
10 years’ experience in Southeast Asia mining and exploration, overseeing development
of MTE Thailand office and has managed Metal Tiger’s interests in Thailand
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Managing Director including the JV for the Chanthaburi assets, and overseeing the acquisition of MTE’s
Kanchanaburi assets.

20 year career in commercial aspects of the mining sector and 12 years in Thailand
Keith Johnston, B.Sc (Geo) trading copper lead + zinc concentrates. Implemented countrywide ‘big data’ approach to
prospectivity assessment, + exploration field strategy leading to three previously
Exploration Manager unknown highly prospective indications of base and gold mineralisation confirmed by
analysis.

25 years experience in Thailand and regionally as a geologis t, mineralogist + permitting


Surapol Udompornwirat B.Sc. specialist including 8 years Thai Department of Mineral Resources, successfully
MBA Head Permitting Consultant permitting ASX Listed Kingsgate’s operating Chatree gold mine. Leading MTE’s strategic
permitting planning and Govt relations since 2012.

Walter Griese Mine Manager and head of operations in Thailand for Metallgesellschaft’s mining JV +
Mining Engineer + Mine Manager KEMCO in Kanchanaburi for Song Toh + Boh Yai mine. Overseeing managing
production of 5mt crude ore leading to 520kt + lead/zinc concentrate.

30 years experience in South East Asia as a corporate geologist, exploration manager


Jaturong Praditwan conducting planning, project evaluation, mapping, field exploration + licensing.
Senior Field Geologist Conducted and overseen MTE’s and then Metal Tiger’s exploration program at
Kanchanaburi.

January  2017 METAL  TIGER  PLC |  AIM  MTR 13


Joint Venture
Interest in prospective and advanced assets, which
form the Logrosán and Maria Exploration Projects .
Spain 50% JV earn-in
€500,000 for 50% JV interest in Logrosan Minerals
Ltd. Earn in target met. €500,000 for 50% JV
interest in Maria Project (Payments over 2016/17).
SPAIN UBUNTU font for Metal Tiger

Prospective  &  under-­‐


Madrid Logrosán  Project
explored  west-­‐central   Spain
Logrosán/Maria
Project
2015/16 RAB drilling programme successfully
delineated two Tungsten deposits in Zorita and
Antonio Caño licences.
Maria Exploration licence added to Logrosán
Project in May 2016. San Cristóbal exploration
Maria licence granted in July.
RAB Drilling during 2016 has delineated extensive
Trujillo San Cristobal Gold & Antinomy mineralisation at Maria and
Antonio Caño targeted Gold in San Cristobal.
Geochemical sampling has delineated two new gold
Logrosán  town
anomalies during 2016, at El Seranillo and at
Logrosan South.
Zorita San Cristobel
First pass RAB drilling of major Logrosán South
Gold Trend recently completed, assay results
expected soon.
San Cristobal Sur
San Cristóbal Sur exploration licence pending.
Southerly continuation of Logrosan South Gold
trend outlined for drilling.

January  2017 METAL  TIGER  PLC  |  AIM  MTR 14


W-in-soil up to 636ppm W over 1.2km by
Tungsten Target 1
200m

Initial Exploration High-grade vein hosted tungsten mineralisation confirmed by drilling over
400m strike, remains open 700m to south & 120m to north. Includes 10m
Results & Targets WO 3 >0.24%, including 2m >0.63%) on Profile 2 & 10m WO 3 >0.2% including
2m WO 3 0.37% on Profile1.

Four sub-parallel Tungsten anomalies


• GIS data based on extensive Tungsten Target 2
1.2km by 1km
geochemical sampling and ground
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geophysics Central high-grade vein hosted tungsten mineralisation confirmed by drilling
over 570m of current 700m strike. Parallel veins trace 1.6km structure.
• Identification of elevated levels of gold, Includes 400m of mineralisation ranging 2.70m WO 3 >0.32% on Profile 3 to
lead, zinc, tin, arsenic and tungsten in 8m at WO 3 0.32% on Profile7.
soil
• Gold in pan concentrate correlates well Maria Gold Target Gold-Antinomy soil anomaly 1.6km by 500m
with soil base metal, gold and arsenic
anomalies
Gold in soil upto 4.6g/t Au & 3,600ppm Sb over large area. 6 holes with Gold
• Eight current exploration targets, intersections 1g/t - 3.94g/t Au including 2m @ 3.5g/t Au.
covering tungsten, gold, antimony, tin 9 holes with Antinomy intersections 1% - 2.6% including 4m @ 1.2% Sb.
and base metal anomalies
Logrosán South Gold
• RAB drilling during 2015/16 (Q1) Gold anomaly 6km by 950m
Trend
identified two potentially large scale
tungsten deposits at Target 1 & Target 2
Soil sampling (up to 0.89g/t Au in soil) identified major new gold trend
• 2016 Q2 drilling confirmed gold and measuring approximately 6km long and up to 950m wide. Trending NE-SW
antinomy mineralisation at Maria from the south of the project's Antonio Caño licence, through the San
Cristóbal licence and into the San Cristóbal Sur application area. Assay
• 2016 Q2 & Q3 soil assays delineated two results from drilling within Antonio Caño licence currently awaited.
new gold anomalies at El Seranillo (450m
by 500m) and Logrosán South (6km El Seranillo Gold Gold anomaly 450m by 500m, open to north
long) Anomaly and south

Infill soil samples taken on nine 500m long profiles have yielded gold in soil
January  2017 METAL  TIGER  
of upPLC   |  AIM  M
to 0.24g/t TRSurface grab samples up to 1.68g/t Au.
Au. 15
Asset Trading Division

• Allocation of investment funds in Asset Trading completed


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• Liquid asset on balance sheet

• Seek opportunistic exits to fund Metal Projects investments and minimise dilution

• Strategic holding in MOD Resources Limited

• Market value of equities held at 30th November 2016: £2,812k

• Market value of warrant holdings market to market (Black Scholes): £1,368k

January  2017 METAL  TIGER  PLC  |  AIM  MTR 16


2017 Work Programme

• Defend 30% stake in Botswana for 2017 work program to prevent dilution and
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explore corporate opportunities

• Progress mine permitting process in Thailand with a view to obtain permitting and/or
to develop to a stage where corporate activity is viable

• Progress Spanish interests based on final results from current campaign to develop
the project to a level where corporate activity is viable

January  2017 METAL  TIGER  PLC |  AIM  MTR 17


In Conclusion

• The core projects in Thailand and Botswana have significant corporate investment opportunities
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• Early stage potential in Spain

• Realisable equities on Balance Sheet

• Experienced joint venture partners operating projects

• Strategically positioned to take advantage of the commodity market renaissance, particularly in


copper, lead, zinc and precious metals

• One of the few mining investments that provides cross commodity exposure in high quality global
projects

• A board and management team with a wealth of experience

January  2017 METAL  TIGER  PLC  |  AIM  MTR 18


Appendices

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January  2017 METAL  TIGER  PLC |  AIM  MTR 19


Significant Shareholders
DIRECTORS’ SHAREHOLDINGS
Director Number of % of Issued Share
SHAREHOLDING > 3%* Ordinary Shares Capital
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Number of % of Charles Hall 22,858,406 3.45%


Name
Ordinary Issued Share
Shares Capital Michael McNeilly 1,000,000 0.15%

Terry Grammer 38,150,667 5.77% Paul Johnson 10,190,555 1.54%

Charles Hall 22,858,406 3.46% Keith Springall 564,092 0.09%

Cameron Parry 20,000,000 3.03% Terry Grammer 38,150,667 5.77%

Black Star Gold Pty Ltd * 19,880,000 3.01%


MANAGEMENT PERFORMANCE OPTIONS***

Director Management Option


Expiry
Options Price
* (based on latest declared holding to the company as a proportion of issued share
capital at 07/12/16) Michael McNeilly 2,000,000 2p 21/06/19
** Note: Terry Grammer, a director of Metal Tiger, is also a director of Black Star Gold
Pty Ltd. 3,330,000 2p 02/07/18
Terry Grammer
5,000,000 2p 31/05/19
***Note: Additional Management options were approved by shareholders at a general
Meeting of the Company on 31st May 2016
Keith Springall 2,500,000 2p 21/06/19

3,330,000 1.75p 02/07/18


Paul Johnson 2,000,000 2p 02/07/18
7,500,000 1.70p 21/06/19

January  2017 METAL  TIGER  PLC  |  AIM  MTR 20


Botswana

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Metal  Tiger  Inspecting  Core   Samples   Resource  Drilling  at  T3

Core  S ample Inspecting  High  G rade  B ornite  Vein  Intersection

January  2017 METAL  TIGER  PLC |  AIM  MTR 21


Thailand
Kanchanaburi

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Old  S ong  Toh  Mine  Camp Core  Magazine

Core  S amples  for  43  -­‐ 101 Exploration  Planning  at  S ong  Toh  Office

January  2017 METAL  TIGER  PLC |  AIM  MTR 22


Thailand
Kanchanaburi

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On  S ite  Processing  Plant On  S ite  Processing  Plant

Boh Yai Underground   Ore  Pass Visible  Ore  at  B oh Yai Mine

January  2017 METAL  TIGER  PLC |  AIM  MTR 23


Further Information

CONTACT DETAILS
For further information please contact: UBUNTU font for Metal Tiger

Michael McNeilly
Chief Executive Officer
T: +44 (0) 7747 020 600
E: michaelmcneilly@metaltigerplc.com

Keith Springall
Finance Director
T: +44 (0) 7973 177 095
E: keithspringall@metaltigerplc.com

METAL TIGER Plc


107 Cheapside, London, EC2V 6DN
info@metaltigerplc.com
Twitter: @metaltigerplc
London Stock Exchange AIM Listed (MTR)
www.metaltigerplc.com Scan for Website

December  2016 METAL  TIGER  PLC |  AIM  MTR 24


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