Business
Tiger Resources Limited Issues 2009 Annual Report
Tiger Resources Limited Issues 2009 Annual Report
About this update from Alaska Hydro Corp.
[{"type":"text","content":"\n\n\n\nSep. 28, 2009 (Canada NewsWire Group) -- PERTH, Western Australia, Sept. 28 /CNW/ -- Tiger Resources Limited (ASX / TSX: TGS) (\"Tiger\" or the \"Company\") is pleased to announce the issuance today of the Company's annual report for the year ended 30 June 2009, including the Company's consolidated audited financial statements. An Operations Review Summary is set out below, and the full text of the report is available on the Company's website www.tigerresources.com.au and under the Company's profile on SEDAR at www.sedar.com.Operations Review Summary-------------------------The Company's principal assets are the Kipoi and Luputo (Sase) Projects, located in the Katanga Copper Belt of the Democratic Republic of Congo.The Company has a staged development strategy for the Kipoi Project. Stage 1 involves processing high grade oxide copper mineralisation through a heavy media separation (\"HMS\") plant to produce the equivalent of 116,000 tonnes of copper (Cu) in concentrate over a three year period. Tiger is targeting mid 2010 as the date for commencement of 25% Cu concentrate production.Stage 2 of the development is proposed to be the construction of a Solvent Extraction and Electrowinning (\"SXEW\") plant to produce cathode copper. The intention is to complete construction of a 25,000tpa (scaleable) SXEW by 2014. The expanding mineral resource base at Kipoi has the potential to support a 100,000tpa SXEW production capacity.Significant copper drilling intersections from an initial diamond drilling programme at the Sase Project were also reported during the year. Mineralisation has been identified over a strike length of 600m that varies in width between 50 and 200m. Oxide mineralisation extends to 120m in depth and overlies deeper sulphide mineralisation. Sase is one of a number of copper mineralised zones the Company has discovered within the Lupoto Project. Lupoto is 100% owned by Tiger and is located approximately 15km to the south of the Kipoi Project.Significant Milestones - Kipoi Project DevelopmentStage 1 Revised Definitive Feasibility StudyArccon Mining Services (\"Arccon\") completed an independent review of a revised Stage 1 feasibility study. The proposed Stage 1 development at the Kipoi project now comprises an HMS and spirals plant treating 900,000 tpa of high grade +5% Cu oxide and transition ores to produce ap...