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Tiger Resources Ltd
Symbol TGS
Shares Issued 669,035,549
Close 2011-06-30 C$ 0.49
Market Cap C$ 327,827,419
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Tiger Resources produces 197,000 t Cu at Kipoi

2011-07-05 23:38 ET - News Release

Mr. Brad Marwood reports

KIPOI COPPER PROJECT - PRODUCTION UPDATE

Tiger Resources Ltd. has released a production update from its high-grade Kipoi copper project in the Democratic Republic of Congo (DRC).

Tiger's first stage of production, which utilizes a heavy media separation (HMS) plant, is tracking well to reach its targeted throughput level of 75,000 tonnes per month.

              MONTHLY PRODUCTION SUMMARY JUNE, 2011

Production statistics                        Forecast      Actual 
 
Mining                                                     
Ore* tonnes                                   104,300     107,800
Stockpiles                                                 
High-grade copper* tonnes                      75,000     197,000
High-grade copper* grade                         6.45        6.95
Processing                                                 
Ore-processed* tonnes                          37,500      44,557
Ore-processed grade (% Cu)                       6.45        5.37
Concentrate* tonnes                             5,511       7,053
Recovery*  (% Cu)                                  55          63
Copper in concentrate-produced tonnes           1,470       1,345
Sales                                                      
Copper concentrate sold tonnes                  5,850       4,496

Notes
* Indicates out-performed target for the month.

Tiger Resources managing director Brad Marwood said plant capability had now been proven.

"Throughput of ore feed is in excess of the nameplate design capacity, 2,500 tonnes per day, and production is at expected recovery levels," Mr. Marwood said.

"We are very pleased to have regular daily sales of concentrate, more than a month of ore stockpiled and available for processing, and the plant operating and producing at expected levels. It is particularly satisfying that we have not had one serious accident since the commencement of development."

Background

The Kipoi project covers an area of 55 square kilometres and is located 75 kilometres north-northwest of the city of Lubumbashi in the Katanga province of the DRC. The project contains a 12-kilometre sequence of mineralized Roan sediments that host at least five known deposits: Kipoi Central, Kipoi North, Kileba, Judeira and Kaminafitwe.

The company has reported Joint Ore Reserves Committee-standard resources at three of the deposits. The principal deposit is Kipoi Central, which contains a zone of high-grade copper mineralization within a much larger lower-grade global resource.

The company proposes a staged development at the Kipoi project. The high-grade zone of mineralization at Kipoi Central will be exploited during the stage 1 development. During the three-year operation of stage 1 900,000 tonnes per annum of 7 per cent copper is planned to be processed through an HMS plant to produce the equivalent of 35,000 tonnes per annum of copper.

The company is currently undertaking a feasibility study to evaluate the economic viability of constructing a solvent extraction/electrowinning plant (stage 2) targeted to come on stream within three years of the start of the HMS operation. It is envisaged that ore from Kipoi Central, Kipoi North and Kileba South and the other deposits within the Kipoi project and within the nearby Lupoto project would be processed at the stage 2 phase.

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