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03/5/14 - A$0.46
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tiger resources ltd (TGS) Details

Tiger Resources Limited is engaged in the mining, exploration, development, and sale of mineral properties in the Democratic Republic of Congo (DRC). The company primarily explores for copper and cobalt deposits. Its holds a 60% interest in the Kipoi Copper Project covering an area of approximately 55 square kilometers located northwest of Lubumbashi in the Katanga Province of the DRC. The company also holds a 100% interest in the Lupoto Copper Project that has a surface area of approximately 140 square kilometers; and a 100% interest in the La Patience Project covering an area of 27 square kilometers located in the Katanga Province. Tiger Resources Limited is based in West Perth, Australia.

tiger resources ltd (TGS) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: $664.6K
Finance Director and Director
Total Annual Compensation: $564.0K
Company Secretary
Total Annual Compensation: --
Chief Operating Officer of DRC subsidiaries
Total Annual Compensation: $547.0K
Compensation as of Fiscal Year 2013.

tiger resources ltd (TGS) Key Developments

Tiger Resources Edges Closer to Copper Cathode Production at Kipoi in the second quarter of 2014

Tiger Resources remains on track to commence copper cathode production in the second quarter of 2014, at its Kipoi Copper Project in the Democratic Republic of Congo. The Stage 2 solvent extraction electro-winning (SXEW) operation remains within budget is currently ahead of schedule at 92% completion. Construction of the SXEW plant is about 97% complete. Agglomerated ore has been stacked onto heap leach cells while intermediate leach solution is being accumulated in the ponds in preparation for first cathode. About 12,000 tonnes of copper cathode is expected to be produced in the 2014 calendar year. It is also expected to produce 25,000 tonnes of copper cathode in its first full 12 months of operation and 50,000 tonnes per annum in subsequent years. The Stage 2 SXEW Ore Reserves currently stand at about 666,000 tonnes of copper. The Stage 2 site cash operating costs forecast a life of mine (LOM) average of $1.04/lb and a LOM average C3 cost (all-in cost, including capital expenditure) of less than $1.75/lb. It is envisaged that ore from Judeira and other deposits within the Kipoi Project area, and within the nearby 100%-owned Lupoto Project, will also be processed during the Stage 2 operations, providing additional returns and increasing the ore reserves available as feedstock to the Stage 2 Kipoi SXEW plant. Increased resources from these deposits will potentially increase the mine life and/or the annual plant throughput. Stage 1 Operations: During the quarter, 765,567 tonnes of material were moved to deliver 424,597 tonnes of high-grade ore averaging 5.9% copper and 162,770 of medium and low grade ore averaging 1.4% copper to the ROM stockpile at a stripping ratio of 0.3:1. Ore throughput was 213,013 tonnes during the quarter. The copper head grade of 5.97% was within expectations and recovery of 50.7% for total copper production of 6,518 tonnes. Copper production was below budget for January and February as the operating team implemented modifications to the HMS plant to reduce wear from the processing of abrasive material that has elevated levels of silica. The HMS plant was not designed to process this material and it was originally intended to stockpile the elevated silica material as future feed to the SXEW plant.  However, this material presents an opportunity to bring forward an additional 24,000 tonnes of copper in concentrate and the operations team will commence processing the material during May. The modifications to the HMS plant will be tested during May and June and further optimisation works are expected to result in production levels similar to the oxide ore previously processed. Concentrate Sales A total of 30,968 tonnes of concentrate was sold during the quarter for revenue of $22.5 million at an average realised copper price of $6,621 per tonne. This generated an operating profit of $5.9 million. Sales for the quarter were $22.5 million generating an operating profit of $5.9 million for a unit cost of $0.35 per pound of copper.

Tiger Resources Ltd. Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2013

Tiger Resources Ltd. announced audited consolidated earnings results for the year ended December 31, 2013. For the year, revenue was AUD 193,112,000, profit before income tax was AUD 53,384,000 and net profit attributable to owners of Tiger Resources Limited was AUD 15,868,000 against revenue of AUD 146,381,000, profit before income tax of AUD 26,249,000 and net profit attributable to owners of Tiger Resources Limited of AUD 1,883,000 a year ago. Diluted profit per share was 2.28 cents against 0.28 cents a year ago. Net cash inflows from operating activities was AUD 54,931,000 against AUD 42,957,000 a year ago. Purchase of plant and equipment was AUD 126,153,000 against AUD 5,847,000 a year ago.

Tiger Resources Ltd., Annual General Meeting, May 20, 2014

Tiger Resources Ltd., Annual General Meeting, May 20, 2014., at 14:30 W. Australia Standard Time. Location: Function Room, QV1 Conference Centre.


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Price/Earnings 13.6x
Price/Sales 1.1x
Price/Book 2.1x
Price/Cash Flow 17.6x
TEV/Sales 0.6x

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