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26 March 2025
Name: | TIGER RESOURCES LIMITED (TGS) | ||||||
ISIN: | AU000000TGS2 | ||||||
Date of Listing: | 08 May 1997 | ||||||
Date of Delisting: | 03 February 2020 | ||||||
Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 03 February 2020.Legal Status:
ACN: 077 110 304
To our knowledge this is a current registered entity, not in any form of external administration. Subsequent to delisting it may have changed its name. If you have questions about your shareholding they may be taken up with us here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.Capital Gains Tax (CGT) Status:
To our knowledge this entity was delisted for reasons unrelated to either the takeover of its shares or the redemption of its securities. If you are seeking to crystallise a capital loss for tax purposes that process can be easily and quickly initiated at our online Worthless Shares facility here: https://www.delisted.com.au/sell-worthless-and-other-securities/. Any other enquiries relating to your securities should be followed up via our online form here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
Company | FROM | TO |
---|---|---|
TIGER RESOURCES LIMITED | 01/02/2002 | |
TIGER RESOURCES NL | 01/02/2002 |
REGISTRY:
Computershare Perth
Level 17, 221 St Georges Terrace, Perth WA 6000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail
all shares in the company were transferred for NIL consideration to the Deed of Company Arrangement proponent on 19 November 2021 | 13/04/2022 |
Robert Michael Kirman and Robert Conry Brauer appointed administrators | 05/11/2020 |
On 6 December 2019, Tiger Resources Limited (Tiger or Company) announced that it had determined to propose a debt restructure by way of a creditors' scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (Corporations Act) (Scheme). The Federal Court of Australia (Court) approved the Scheme on 21 February 2020. The Court's orders approving the Scheme have been lodged with the Australian Securities and Investments Commission on 27 February 2020, and the Scheme became legally effective on satisfaction of the final condition precedent on 25 March 2020. The Company is pleased to advise that on 11 June 2020 the Scheme was implemented to the following effect: "¢ the US$222.9 million (as at 31 December 2019) Tranche A secured debt owed by SEK to the Scheme creditors has been reduced to US$65.9 million and its maturity date amended from 31 January 2024 to 31 December 2025; "¢ the US$13.8 million (as at 31 December 2019) Tranche D secured debt owed by SEK has been reduced to US$4.1 million and its maturity date amended from 18 July 2020 to 31 December 2024; "¢ the US$30 million (US$23.3 million as at 31 December 2019) Tranche E secured debt owed by SEK has had its maturity date amended from 31 December 2020 to 31 December 2024; and "¢ in consideration for the compromise of Tranche A and D secured debt, the Company has issued 256,284,599,536 fully paid ordinary shares in accordance with the terms of the Scheme, representing 99.12% of the Company's total issued capital. (Note that the 256 billion shares issued to creditors means pre-existing shareholders now own less than 1% of what was their company!) | 12/06/2020 |
delisted from the commencement of trading on 3 February 2020 pursuant to Listing rule 17.12. | 03/02/2020 |
we understand this company failed and ASX removed the company from listing because its securities have not been quoted for more than three years | 03/02/2020 |
The company lodges its Quarterly Activities Report. | 30/01/2020 |
The first court hearing for the scheme was held on 20 December 2019. On 23 December 2019, the Federal Court of Australia made orders in relation to the scheme, including for the dispatch of the scheme booklet to the scheme creditors and the convening of a meeting of the scheme creditors to consider and, if thought fit, approve the scheme. The scheme meeting will be held at 10.00am (Perth time) on 5 February 2020 at King & Wood Mallesons, Level 30, QV1 Building, 250 St Georges Terrace, Perth, Western Australia, Australia. Only the company's scheme creditors are entitled to be present and vote at the scheme meeting. | 24/12/2019 |
The company lodges its Half Yearly Report & Accounts. | 17/12/2019 |
The company lodges its Full Year Report & Statutory Accounts. | 17/12/2019 |
The company has determined to progress a proposal to restructure its balance sheet which, if implemented, will have the effect of significantly reducing its debt obligations and extending the maturity of remaining debt. The company has filed documentation with ASIC with respect to a proposed creditors' scheme of arrangement pursuant to which a substantial amount of its senior debt will be converted into ordinary shares in the company. Taurus Mining Finance Fund and QMetco Limited have signed a further deed of forbearance, providing forbearance relief in relation to certain defaults which have arisen under the financing arrangements and as a result of the progress and implementation of the debt restructure proposal, until the earlier of, amongst other things, 31 December 2020 or implementation of the debt restructure proposal. The company has now agreed with each of its senior lenders; Taurus, QMetco and International Finance Corporation to amend the terms of the QMetco facility so that the company may access the Tranche 3 funds without shareholder approval. This amendment will resolve Tiger's critical funding need and provide it with the funds necessary to progress the debt restructure proposal. As the company's capital structure will not be appropriate for continued listing, it will be de-listed from the ASX on 3 February 2020 under ASX's long term suspended entity policy. | 06/12/2019 |
As the company has been working with its senior lenders in relation to a more holistic restructure of the company's current debt position, the company will not be convening a meeting of shareholders by 30 November 2019. The company is currently in discussions with QMetco regarding its ability to access the Tranche 3 funds without shareholder approval. The company has been reviewing its cash flow requirements for the current period which suggest a need for a broader capital restructure in the near term. The company is also seeking additional forbearance agreements from its senior lenders in relation to certain defaults which may arise during the company's debt restructuring negotiations. As the company's capital structure is unlikely to be appropriate for continued listing, it will be delisted from the ASX on 3 Febrary 2020 under ASX's long-term suspended entity policy. | 28/11/2019 |
The company provides an update on its completion of a re-estimation of Mineral Resources and Ore Reserves at its Kipoi Copper Project in the Democratic Republic of Congo as at 30 June 2019. Kipoi Central and Kileba Ore Reserves - Updated input parameters, including updated metallurgical recovery assumptions and depletion of stockpiles as well a re-classification under JORC 2012, have resulted in a 53% decrease in Ore Reserves against the Ore Reserves previously reported in the 2017 Annual Report; Total Measured, Indicated and Inferred Resources - Reduced from 858 Kt to 788 Kt of copper, an 8% reduction from what was reported in the 2017 Annual Report, taking into account the revised inputs, re-classification and depletion. All downgraded Mineral Reserves will undergo additional test work to determine if they can be converted to Mineral Reserves under the revised recovery and cost structure; Kipoi Central Mineral Resource - Measured and Indicated Resource of 28.3 Mt at 1.22% Cu and 0.05% Co for 346 Kt of copper and 15 Kt of cobalt. Inferred Resource of 15.0 Mt at 0.93% Cu and 0.06% Co for 140 Kt of copper and 9 Kt of cobalt. This represents a decrease of 15% (86 Kt of copper) of the total Mineral Resource previously reported in the 2017 Annual Report. Kileba Mineral Resource - Indicated and Inferred Resource of 17.2Mt at 1.07% Cu and 0.05% Co for 185 Kt of copper and 8 Kt of cobalt. This represents an increase of 19% (30 Kt of copper) of the total Mineral Resource previously reported in the 2017 Annual Report. Kipoi Cobalt Stockpiles Mineral Resource - Review of Kipoi Cobalt Stockpiles has identified an Indicated Mineral Resource of 509 Kt at 0.28% Cu and 0.45% Co for 1.43 Kt of copper and 2.29 Kt of cobalt. | 26/11/2019 |
The company lodges its Quarterly Activities Report. | 01/11/2019 |
The company has secured a funding facility with QMetco Limited which allows for the drawdown of up to US$30 million over three tranches. The facility provides important funding to support the company's planned capital enhancements at its Kipoi Copper Project in the Democratic Republic of Congo, sa well as provide ongoing working capital. | 16/08/2019 |
The company lodges its Quarterly Activities Report. | 30/07/2019 |
The company provides a processing update on its Kipoi operation, DRC. 400tph semi-permanent electric contract crusher in place and being commissioned. Highly encouraging vat leach trial results for vat 1. Fines retreatment plant construction on schedule and budget for completion and commissioning Q3 2019. | 08/07/2019 |
The company has secured a funding facility with one of its current senior lender group, which allows for the drawdown of up to US$13.2 million. The new finance facility provides important interim funding to support the company's ongoing operations and allows the company to pursue initiatives designed to improve operational and financial performance of its Kipoi Copper production business situated in the Democratic Republic of Congo. In conjunction with the finance facility, the company has agreed to extend and amend the second deed of forbearance with its lenders, initially announced on 5 October 2018. The second deed of forbearance provides the company with a platform to use its best endeavours to facilitate investment in the company to restructure its balance sheet and recapitalise the company. | 01/05/2019 |
The company lodges an activitites report for the quarter ended 31 March 2019. | 01/05/2019 |
The company lodges its Shareholder Presentation January 2019. | 29/01/2019 |
The company lodges its Quarterly Activities Report. | 29/01/2019 |
The company releases the AGM results. | 07/12/2018 |
In relation to the performance rights plan put forward for adoption at its upcoming AGM to be held at 10.00am on 7 December 2018, the board of directors has resolved to amend the plan. A new term has been introduced to provide a limit on the number of Performance Rights that can be granted under the Plan. As amended, the number of Performance Rights that may be granted under the plan cannot exceed 10% of the company's issued capital at the time of grant or issue. This does not have any impact on the proposed Resolution 5 for the adoption of the Performance Rights Plan at the company's upcoming AGM. | 27/11/2018 |
Banque Comerciale Du Congo has agreed to restructure the US$15 million loan facility, which it has provided to the company's subsidiary, Societe d'Exploitation de Kipoi. Under the terms of the restructure, the US$15 million overdraft facility previously expriing 31 December 2018 has been converted to a US$5 million cash line of credit and a $10 million long-term credit facility. | 26/11/2018 |
The company releases a notice of AGM and explanatory statement to its shareholders. The meeting will be held on Friday, 7 December 2018 at 10.00AM WST at Level R, 1 Havelock Street West Perth, Western Australia 6005. | 02/11/2018 |
The company lodges its Half Year Financial Report to 30 June 2018 and Appendix 4D. | 31/10/2018 |
The company releases its Corporate Governance Statement and Appendix 4G. | 31/10/2018 |
The company lodges its 2017 Annual Report and Appendix 4E. | 31/10/2018 |
The company lodges its Activities Report for the Quarter Ended 30 September 2018. | 31/10/2018 |
The company has signed a second deed of forbearance with its current senior lender group. The initial deed of forbearance, announced on 26 September 2017, scheduled to conclude 24 October 2018. | 05/10/2018 |
Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended. | 06/08/2018 |
The company lodges its Activities Report for the Quarter Ended 30 June 2018. | 25/07/2018 |
The termination date of the SPA with Sinomine Fuhai Overseas Resource Investment was 30 June 2018 but was extended by mutual agreement between the parties to allow final negotiations to complete. Terms acceptable to Tiger were not achieved and the Company subsequently issued a Notice of Termination of the SPA to Sinomine HK. The company has also been working on a new Life of Mine Plan for its Kipoi copper assets, which is expected to be completed within the next 6-8 weeks. The Company will also update its shareholders on its operations in the Quarterly report to be released on or before 31 July 2018. | 06/07/2018 |
Under the share purchase agreement and royalty deed with Sinomine Fuhai Overseas Resource Investment for the sale of 100% of its shares in Tiger's subsidiaries, the parties have a termination right if completion did not occur by 30 June 2018. The complexity of the transaction resulted in delays and completion did not occur by 30 June 2018. None of the parties has given notice of termination and they are continuing discussions on terms under which they would be prepared to continue to progress the transaction. The Company has set a timeframe for discussions to be concluded of close of business Perth on Friday 6 July 2018. | 04/07/2018 |
The company lodges it activities report for the quarter ended 31 March 2018. | 02/05/2018 |
The company's top three shareholders indicate their intention to vote in favour of the proposed sale of Tiger Resources Limited's subsidiaries. | 16/02/2018 |
The company lodges its Quarterly Activities Report. | 02/02/2018 |
Tiger has entered into the binding SPA and Royalty Deed with Sinomine HK. Under the terms of the SPA, Sinomine HK will acquire 100% of Tiger's shares in its subsidiaries and its interests in the Kipoi Project, Lupoto Project and La Patience permit. | 22/01/2018 |
The company releases its 2017 AGM presentation. | 28/11/2017 |
The company releases the results of its 2017 AGM. | 28/11/2017 |
The company lodges its Quarterly Activities Report. | 31/10/2017 |
The AGM of the company will be held on Tuesday, 28 November 2017 at 9.30am (WST) at The Celtic Club, 48 Ord Street, West Perth, Western Australia. | 26/10/2017 |
The company lodges its Half Yearly Report and Accounts 30 June 2017. | 26/10/2017 |
The company releases its Appendix 4G. | 26/10/2017 |
The company releases its Corporate Governance Statement. | 26/10/2017 |
The company lodges its 2016 Annual Report. | 26/10/2017 |
Rawbank SA has agreed to extend the maturity date for its existing US$5 million overdraft facility, which it has provided to the Company's subsidiary, Société d'Exploitation de Kipoi SA to 31 December 2018. The interest rate applicable to the facility will remain unchanged at 9.25% per annum. Interest will be charged monthly by debit to the account. | 26/10/2017 |
Banque Commerciale Du Congo has agreed to extend the maturity date for its existing US$15 million overdraft facility, which it has provided to the company's subsidiary, Société d'Exploitation de Kipoi SA, from 28 February 2018 to 31 December 2018. The interest rate applicable to the facility will remain unchanged at 9.25% per annum. Interest will be charged monthly by debit to the account. No other fees or commissions are payable in respect of the extension or the facility. | 12/10/2017 |
The company has secured a funding facility with two of its current senior lender group which allows for drawdown of up to US$18.2 million. | 26/09/2017 |
The senior lender group has agreed to extend the date for payment of the first scheduled repayment instalment of US$1.625 million, the second scheduled repayment instalment of US$812,500, the third scheduled repayment instalment of US$812,500 and extend (or waive) a number of conditions under the Senior Finance Facility, until 1 October 2017. | 09/08/2017 |
The company lodges its June 2017 Quarterly Activities Report. | 31/07/2017 |
The senior lender group has agreed to extend the date for payment of the first scheduled repayment installment of US$1.625 million and the second scheduled repayment installment of US$812,500, and extend a number of conditions under the senior finance facility until 1 August 2017. | 03/07/2017 |
The senior lending group has agreed to extend the date for payment of the first scheduled repayment instalment of US$1.625 million and the second scheduled repayment instalment of US$812,500, and extend a number of conditions under the Senior Finance Facility, until 1 July 2017. | 06/06/2017 |
The company lodges its March 2017 Quarterly Activities Report. | 09/05/2017 |
The senior lender group (Taurus Mining Finance Fund, Resource Capital Fund VI and the Internation Finance Corporation) has agreed to extend the date for payment of the first scheduled repayment installment of US$1.625 million and the second scheduled repayment installment of US$812,500, and extend a number of conditions under the senior facility until 1 June 2017. | 05/05/2017 |
The company provides an update on senior financing facility. The Senior Lender Group has agreed to extend the date for payment of the first scheduled repayment instalment of US$1.625 million and the second scheduled repayment instalment of US$812,500, and extend (or waive) a number of conditions under the Senior Finance Facility, until 1 May 2017. | 10/04/2017 |
The company provides an update on its operations at the Kipoi Copper project. The Tank Leach circuit is currently shut down to repair failures in two pump mixers. This is expected to result in a reduction of approximately 100 tonnes Cu production for March 2017. The company is still in discussion with major shareholders and the senior lending group to address short and medium term cash flow issues. | 09/03/2017 |
The company provides an update on senior financing facility. The lender group has agreed to extend the date for payment of the first scheduled repayment installment of US$1.625 million, and extend a number of conditions under the senior finance facility until 3 April 2017. | 01/03/2017 |
The securities of Tiger Resources Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement. | 22/02/2017 |
The suspension of trading in the securities of Tiger Resources Limited will be lifted immediately, following the release by the Company of an announcement regarding an operations and funding update. | 25/10/2016 |
Operations staff reported seepage of process solution from the ILS pond. All flow to the ILS pond was ceased immediately and a diversion trench was excavated to divert the ILS flow to the process pond. A representative of Knight Piesold conducted a full assessment of the cause of the leakage and the structural integrity of the ILS pond. Work is currently being undertaken to reinforce the existing ILS pond walls and pump out solution trapped under the HDPE liner which is expected to take up to 6 weeks to complete. The company has reviewed its annual production guidange range to 23,000 tonnes - 23,600 tonnes of copper cathode. The final phase of teh EW expansion which forms part of the Debottlenecking Project was completed on Sunday 23rd October with the tie-in of the new 14 additional EW cells to the existing tank house. The expanded EW plant has been handed over to the Tiger operating team, and plating of the additional cathode has commenced. Also, the company has accepted a proposal whereby Taurus Mining Finance Fund and Resource Capital Fund have provided a further commitment for a USD10 million bridge facility to accommodate short-term funding needs as a result of the ILS remedial work and loss of production. | 25/10/2016 |
The Company is still in the process of finalising its announcement in relation to the ILS pond leak and its impacts and now anticipates being in a position to make an announcement before commencement of trading on Tuesday, 25 October 2016. | 24/10/2016 |
The securities of Tiger Resources Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. | 19/10/2016 |
The suspension of trading in the securities of Tiger Resources Limited will be lifted immediately following the release of an announcement regarding completion of the institutional component of the capital raising. ASX Code: TGS | 01/09/2014 |
announces that it has entered into an agreement to acquire the remaining 40% shareholding in Société d'Exploitation de Kipoi SA ("SEK"). SEK is the owner of the Kipoi Copper Project in the Democratic Republic of Congo | 28/08/2014 |
Tiger Resources Limited (ASX: TGS) refers to its announcement and Appendix 3B released on 14 April 2014 for the issue of 35,585,922 ordinary shares. In accordance with the share issue terms, a total of 6,835,359 shares are due for release from voluntary escrow | 27/08/2014 |
The securities of Tiger Resources Limited (the "Company") will be suspended from quotation immediately at the request of the Company pending the release of an announcement. Security Code: TGS | 27/08/2014 |
securities suspended from quotation following failure to lodge their half year financial reports | 17/03/2011 |
shares reinstated to quotation | 17/03/2011 |
shares reinstated to quotation | 10/11/2009 |
securities suspended from quotation pending an announcement | 03/11/2009 |
shares reinstated to quotation | 12/05/2009 |
securities suspended from quotation pending an announcement | 11/05/2009 |
name changed from Tiger Resources NL | 01/02/2002 |
all shares in the company were transferred for NIL consideration to the Deed of Company Arrangement proponent on 19 November 2021 | 13/04/2022 |
Robert Michael Kirman and Robert Conry Brauer appointed administrators | 05/11/2020 |
On 6 December 2019, Tiger Resources Limited (Tiger or Company) announced that it had determined to propose a debt restructure by way of a creditors' scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (Corporations Act) (Scheme). The Federal Court of Australia (Court) approved the Scheme on 21 February 2020. The Court's orders approving the Scheme have been lodged with the Australian Securities and Investments Commission on 27 February 2020, and the Scheme became legally effective on satisfaction of the final condition precedent on 25 March 2020. The Company is pleased to advise that on 11 June 2020 the Scheme was implemented to the following effect: "¢ the US$222.9 million (as at 31 December 2019) Tranche A secured debt owed by SEK to the Scheme creditors has been reduced to US$65.9 million and its maturity date amended from 31 January 2024 to 31 December 2025; "¢ the US$13.8 million (as at 31 December 2019) Tranche D secured debt owed by SEK has been reduced to US$4.1 million and its maturity date amended from 18 July 2020 to 31 December 2024; "¢ the US$30 million (US$23.3 million as at 31 December 2019) Tranche E secured debt owed by SEK has had its maturity date amended from 31 December 2020 to 31 December 2024; and "¢ in consideration for the compromise of Tranche A and D secured debt, the Company has issued 256,284,599,536 fully paid ordinary shares in accordance with the terms of the Scheme, representing 99.12% of the Company's total issued capital. (Note that the 256 billion shares issued to creditors means pre-existing shareholders now own less than 1% of what was their company!) | 12/06/2020 |
delisted from the commencement of trading on 3 February 2020 pursuant to Listing rule 17.12. | 03/02/2020 |
we understand this company failed and ASX removed the company from listing because its securities have not been quoted for more than three years | 03/02/2020 |
The company lodges its Quarterly Activities Report. | 30/01/2020 |
The first court hearing for the scheme was held on 20 December 2019. On 23 December 2019, the Federal Court of Australia made orders in relation to the scheme, including for the dispatch of the scheme booklet to the scheme creditors and the convening of a meeting of the scheme creditors to consider and, if thought fit, approve the scheme. The scheme meeting will be held at 10.00am (Perth time) on 5 February 2020 at King & Wood Mallesons, Level 30, QV1 Building, 250 St Georges Terrace, Perth, Western Australia, Australia. Only the company's scheme creditors are entitled to be present and vote at the scheme meeting. | 24/12/2019 |
The company lodges its Half Yearly Report & Accounts. | 17/12/2019 |
The company lodges its Full Year Report & Statutory Accounts. | 17/12/2019 |
The company has determined to progress a proposal to restructure its balance sheet which, if implemented, will have the effect of significantly reducing its debt obligations and extending the maturity of remaining debt. The company has filed documentation with ASIC with respect to a proposed creditors' scheme of arrangement pursuant to which a substantial amount of its senior debt will be converted into ordinary shares in the company. Taurus Mining Finance Fund and QMetco Limited have signed a further deed of forbearance, providing forbearance relief in relation to certain defaults which have arisen under the financing arrangements and as a result of the progress and implementation of the debt restructure proposal, until the earlier of, amongst other things, 31 December 2020 or implementation of the debt restructure proposal. The company has now agreed with each of its senior lenders; Taurus, QMetco and International Finance Corporation to amend the terms of the QMetco facility so that the company may access the Tranche 3 funds without shareholder approval. This amendment will resolve Tiger's critical funding need and provide it with the funds necessary to progress the debt restructure proposal. As the company's capital structure will not be appropriate for continued listing, it will be de-listed from the ASX on 3 February 2020 under ASX's long term suspended entity policy. | 06/12/2019 |
As the company has been working with its senior lenders in relation to a more holistic restructure of the company's current debt position, the company will not be convening a meeting of shareholders by 30 November 2019. The company is currently in discussions with QMetco regarding its ability to access the Tranche 3 funds without shareholder approval. The company has been reviewing its cash flow requirements for the current period which suggest a need for a broader capital restructure in the near term. The company is also seeking additional forbearance agreements from its senior lenders in relation to certain defaults which may arise during the company's debt restructuring negotiations. As the company's capital structure is unlikely to be appropriate for continued listing, it will be delisted from the ASX on 3 Febrary 2020 under ASX's long-term suspended entity policy. | 28/11/2019 |
The company provides an update on its completion of a re-estimation of Mineral Resources and Ore Reserves at its Kipoi Copper Project in the Democratic Republic of Congo as at 30 June 2019. Kipoi Central and Kileba Ore Reserves - Updated input parameters, including updated metallurgical recovery assumptions and depletion of stockpiles as well a re-classification under JORC 2012, have resulted in a 53% decrease in Ore Reserves against the Ore Reserves previously reported in the 2017 Annual Report; Total Measured, Indicated and Inferred Resources - Reduced from 858 Kt to 788 Kt of copper, an 8% reduction from what was reported in the 2017 Annual Report, taking into account the revised inputs, re-classification and depletion. All downgraded Mineral Reserves will undergo additional test work to determine if they can be converted to Mineral Reserves under the revised recovery and cost structure; Kipoi Central Mineral Resource - Measured and Indicated Resource of 28.3 Mt at 1.22% Cu and 0.05% Co for 346 Kt of copper and 15 Kt of cobalt. Inferred Resource of 15.0 Mt at 0.93% Cu and 0.06% Co for 140 Kt of copper and 9 Kt of cobalt. This represents a decrease of 15% (86 Kt of copper) of the total Mineral Resource previously reported in the 2017 Annual Report. Kileba Mineral Resource - Indicated and Inferred Resource of 17.2Mt at 1.07% Cu and 0.05% Co for 185 Kt of copper and 8 Kt of cobalt. This represents an increase of 19% (30 Kt of copper) of the total Mineral Resource previously reported in the 2017 Annual Report. Kipoi Cobalt Stockpiles Mineral Resource - Review of Kipoi Cobalt Stockpiles has identified an Indicated Mineral Resource of 509 Kt at 0.28% Cu and 0.45% Co for 1.43 Kt of copper and 2.29 Kt of cobalt. | 26/11/2019 |
The company lodges its Quarterly Activities Report. | 01/11/2019 |
The company has secured a funding facility with QMetco Limited which allows for the drawdown of up to US$30 million over three tranches. The facility provides important funding to support the company's planned capital enhancements at its Kipoi Copper Project in the Democratic Republic of Congo, sa well as provide ongoing working capital. | 16/08/2019 |
The company lodges its Quarterly Activities Report. | 30/07/2019 |
The company provides a processing update on its Kipoi operation, DRC. 400tph semi-permanent electric contract crusher in place and being commissioned. Highly encouraging vat leach trial results for vat 1. Fines retreatment plant construction on schedule and budget for completion and commissioning Q3 2019. | 08/07/2019 |
The company has secured a funding facility with one of its current senior lender group, which allows for the drawdown of up to US$13.2 million. The new finance facility provides important interim funding to support the company's ongoing operations and allows the company to pursue initiatives designed to improve operational and financial performance of its Kipoi Copper production business situated in the Democratic Republic of Congo. In conjunction with the finance facility, the company has agreed to extend and amend the second deed of forbearance with its lenders, initially announced on 5 October 2018. The second deed of forbearance provides the company with a platform to use its best endeavours to facilitate investment in the company to restructure its balance sheet and recapitalise the company. | 01/05/2019 |
The company lodges an activitites report for the quarter ended 31 March 2019. | 01/05/2019 |
The company lodges its Shareholder Presentation January 2019. | 29/01/2019 |
The company lodges its Quarterly Activities Report. | 29/01/2019 |
The company releases the AGM results. | 07/12/2018 |
In relation to the performance rights plan put forward for adoption at its upcoming AGM to be held at 10.00am on 7 December 2018, the board of directors has resolved to amend the plan. A new term has been introduced to provide a limit on the number of Performance Rights that can be granted under the Plan. As amended, the number of Performance Rights that may be granted under the plan cannot exceed 10% of the company's issued capital at the time of grant or issue. This does not have any impact on the proposed Resolution 5 for the adoption of the Performance Rights Plan at the company's upcoming AGM. | 27/11/2018 |
Banque Comerciale Du Congo has agreed to restructure the US$15 million loan facility, which it has provided to the company's subsidiary, Societe d'Exploitation de Kipoi. Under the terms of the restructure, the US$15 million overdraft facility previously expriing 31 December 2018 has been converted to a US$5 million cash line of credit and a $10 million long-term credit facility. | 26/11/2018 |
The company releases a notice of AGM and explanatory statement to its shareholders. The meeting will be held on Friday, 7 December 2018 at 10.00AM WST at Level R, 1 Havelock Street West Perth, Western Australia 6005. | 02/11/2018 |
The company lodges its Half Year Financial Report to 30 June 2018 and Appendix 4D. | 31/10/2018 |
The company releases its Corporate Governance Statement and Appendix 4G. | 31/10/2018 |
The company lodges its 2017 Annual Report and Appendix 4E. | 31/10/2018 |
The company lodges its Activities Report for the Quarter Ended 30 September 2018. | 31/10/2018 |
The company has signed a second deed of forbearance with its current senior lender group. The initial deed of forbearance, announced on 26 September 2017, scheduled to conclude 24 October 2018. | 05/10/2018 |
Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended. | 06/08/2018 |
The company lodges its Activities Report for the Quarter Ended 30 June 2018. | 25/07/2018 |
The termination date of the SPA with Sinomine Fuhai Overseas Resource Investment was 30 June 2018 but was extended by mutual agreement between the parties to allow final negotiations to complete. Terms acceptable to Tiger were not achieved and the Company subsequently issued a Notice of Termination of the SPA to Sinomine HK. The company has also been working on a new Life of Mine Plan for its Kipoi copper assets, which is expected to be completed within the next 6-8 weeks. The Company will also update its shareholders on its operations in the Quarterly report to be released on or before 31 July 2018. | 06/07/2018 |
Under the share purchase agreement and royalty deed with Sinomine Fuhai Overseas Resource Investment for the sale of 100% of its shares in Tiger's subsidiaries, the parties have a termination right if completion did not occur by 30 June 2018. The complexity of the transaction resulted in delays and completion did not occur by 30 June 2018. None of the parties has given notice of termination and they are continuing discussions on terms under which they would be prepared to continue to progress the transaction. The Company has set a timeframe for discussions to be concluded of close of business Perth on Friday 6 July 2018. | 04/07/2018 |
The company lodges it activities report for the quarter ended 31 March 2018. | 02/05/2018 |
The company's top three shareholders indicate their intention to vote in favour of the proposed sale of Tiger Resources Limited's subsidiaries. | 16/02/2018 |
The company lodges its Quarterly Activities Report. | 02/02/2018 |
Tiger has entered into the binding SPA and Royalty Deed with Sinomine HK. Under the terms of the SPA, Sinomine HK will acquire 100% of Tiger's shares in its subsidiaries and its interests in the Kipoi Project, Lupoto Project and La Patience permit. | 22/01/2018 |
The company releases its 2017 AGM presentation. | 28/11/2017 |
The company releases the results of its 2017 AGM. | 28/11/2017 |
The company lodges its Quarterly Activities Report. | 31/10/2017 |
The AGM of the company will be held on Tuesday, 28 November 2017 at 9.30am (WST) at The Celtic Club, 48 Ord Street, West Perth, Western Australia. | 26/10/2017 |
The company lodges its Half Yearly Report and Accounts 30 June 2017. | 26/10/2017 |
The company releases its Appendix 4G. | 26/10/2017 |
The company releases its Corporate Governance Statement. | 26/10/2017 |
The company lodges its 2016 Annual Report. | 26/10/2017 |
Rawbank SA has agreed to extend the maturity date for its existing US$5 million overdraft facility, which it has provided to the Company's subsidiary, Société d'Exploitation de Kipoi SA to 31 December 2018. The interest rate applicable to the facility will remain unchanged at 9.25% per annum. Interest will be charged monthly by debit to the account. | 26/10/2017 |
Banque Commerciale Du Congo has agreed to extend the maturity date for its existing US$15 million overdraft facility, which it has provided to the company's subsidiary, Société d'Exploitation de Kipoi SA, from 28 February 2018 to 31 December 2018. The interest rate applicable to the facility will remain unchanged at 9.25% per annum. Interest will be charged monthly by debit to the account. No other fees or commissions are payable in respect of the extension or the facility. | 12/10/2017 |
The company has secured a funding facility with two of its current senior lender group which allows for drawdown of up to US$18.2 million. | 26/09/2017 |
The senior lender group has agreed to extend the date for payment of the first scheduled repayment instalment of US$1.625 million, the second scheduled repayment instalment of US$812,500, the third scheduled repayment instalment of US$812,500 and extend (or waive) a number of conditions under the Senior Finance Facility, until 1 October 2017. | 09/08/2017 |
The company lodges its June 2017 Quarterly Activities Report. | 31/07/2017 |
The senior lender group has agreed to extend the date for payment of the first scheduled repayment installment of US$1.625 million and the second scheduled repayment installment of US$812,500, and extend a number of conditions under the senior finance facility until 1 August 2017. | 03/07/2017 |
The senior lending group has agreed to extend the date for payment of the first scheduled repayment instalment of US$1.625 million and the second scheduled repayment instalment of US$812,500, and extend a number of conditions under the Senior Finance Facility, until 1 July 2017. | 06/06/2017 |
The company lodges its March 2017 Quarterly Activities Report. | 09/05/2017 |
The senior lender group (Taurus Mining Finance Fund, Resource Capital Fund VI and the Internation Finance Corporation) has agreed to extend the date for payment of the first scheduled repayment installment of US$1.625 million and the second scheduled repayment installment of US$812,500, and extend a number of conditions under the senior facility until 1 June 2017. | 05/05/2017 |
The company provides an update on senior financing facility. The Senior Lender Group has agreed to extend the date for payment of the first scheduled repayment instalment of US$1.625 million and the second scheduled repayment instalment of US$812,500, and extend (or waive) a number of conditions under the Senior Finance Facility, until 1 May 2017. | 10/04/2017 |
The company provides an update on its operations at the Kipoi Copper project. The Tank Leach circuit is currently shut down to repair failures in two pump mixers. This is expected to result in a reduction of approximately 100 tonnes Cu production for March 2017. The company is still in discussion with major shareholders and the senior lending group to address short and medium term cash flow issues. | 09/03/2017 |
The company provides an update on senior financing facility. The lender group has agreed to extend the date for payment of the first scheduled repayment installment of US$1.625 million, and extend a number of conditions under the senior finance facility until 3 April 2017. | 01/03/2017 |
The securities of Tiger Resources Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement. | 22/02/2017 |
The suspension of trading in the securities of Tiger Resources Limited will be lifted immediately, following the release by the Company of an announcement regarding an operations and funding update. | 25/10/2016 |
Operations staff reported seepage of process solution from the ILS pond. All flow to the ILS pond was ceased immediately and a diversion trench was excavated to divert the ILS flow to the process pond. A representative of Knight Piesold conducted a full assessment of the cause of the leakage and the structural integrity of the ILS pond. Work is currently being undertaken to reinforce the existing ILS pond walls and pump out solution trapped under the HDPE liner which is expected to take up to 6 weeks to complete. The company has reviewed its annual production guidange range to 23,000 tonnes - 23,600 tonnes of copper cathode. The final phase of teh EW expansion which forms part of the Debottlenecking Project was completed on Sunday 23rd October with the tie-in of the new 14 additional EW cells to the existing tank house. The expanded EW plant has been handed over to the Tiger operating team, and plating of the additional cathode has commenced. Also, the company has accepted a proposal whereby Taurus Mining Finance Fund and Resource Capital Fund have provided a further commitment for a USD10 million bridge facility to accommodate short-term funding needs as a result of the ILS remedial work and loss of production. | 25/10/2016 |
The Company is still in the process of finalising its announcement in relation to the ILS pond leak and its impacts and now anticipates being in a position to make an announcement before commencement of trading on Tuesday, 25 October 2016. | 24/10/2016 |
The securities of Tiger Resources Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. | 19/10/2016 |
The suspension of trading in the securities of Tiger Resources Limited will be lifted immediately following the release of an announcement regarding completion of the institutional component of the capital raising. ASX Code: TGS | 01/09/2014 |
announces that it has entered into an agreement to acquire the remaining 40% shareholding in Société d'Exploitation de Kipoi SA ("SEK"). SEK is the owner of the Kipoi Copper Project in the Democratic Republic of Congo | 28/08/2014 |
Tiger Resources Limited (ASX: TGS) refers to its announcement and Appendix 3B released on 14 April 2014 for the issue of 35,585,922 ordinary shares. In accordance with the share issue terms, a total of 6,835,359 shares are due for release from voluntary escrow | 27/08/2014 |
The securities of Tiger Resources Limited (the "Company") will be suspended from quotation immediately at the request of the Company pending the release of an announcement. Security Code: TGS | 27/08/2014 |
securities suspended from quotation following failure to lodge their half year financial reports | 17/03/2011 |
shares reinstated to quotation | 17/03/2011 |
shares reinstated to quotation | 10/11/2009 |
securities suspended from quotation pending an announcement | 03/11/2009 |
shares reinstated to quotation | 12/05/2009 |
securities suspended from quotation pending an announcement | 11/05/2009 |
name changed from Tiger Resources NL | 01/02/2002 |
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The inability of VC to understand sustainability of mine operation (to squander the short term) is a very unsurprising outcome. Kipoi produced the highest grade cathode copper in the world. This was not an accident. The directors became greedy and the shareholders suffered. Reality is the directors did not, and were most likely unable to appreciate the detail. The mine development plan was (future resource) aborted for short term profit. (yes it is more complicated - say no more..) | 20/10/2020 00:14:41 |
This company continues to be suspended and meanwhile shareholders are losing money!!The Directors have a lot to answer for as no doubt they are getting paid for a company that promised so much but delivered little.I have no doubt the Directors and Management are somewhat incompetent and need replacing . | 19/11/2017 12:51:37 |
DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
---|---|---|---|---|---|
24/02/2015 | Neil Fearis | On market | 300,000 | $0.065 | $19,500 |
04/02/2015 | Michael Griffiths | On market | 138,000 | $0.072 | $9,936 |
10/12/2014 | David Constable | On market | 100,000 | $0.120 | $12,000 |
08/12/2014 | Neil Fearis | On market | 200,000 | $0.130 | $26,000 |
04/12/2014 | Bradley Marwood | On market | 704,314 | $0.140 | $98,604 |
NAME | TITLE | DATE OF APPT |
---|---|---|
Michael Griffiths | Chairman | 10/12/2012 |
Michael Anderson | Non Exec Chairman | 14/08/2019 |
Caroline Keats | Managing Director, CEO | 12/07/2019 |
Jozsef Patarica | COO | 22/07/2019 |
David Wrigley | CFO | 01/06/2017 |
Rachel Johnston | Non Exec Director | 22/05/2019 |
Ian Goldberg | Company Secretary |
Date of first appointment, title may have changed.
NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
---|---|---|---|
David Frances | Executive Chairman | 20/12/2017 | 11/07/2019 |
Mark Lynam | Non Exec Director | 29/05/2019 | 11/07/2019 |
Shawn McCormick | Non Exec Director | 01/07/2016 | 04/07/2019 |
Ian Kerr | Independent Director | 01/04/2016 | 14/08/2018 |
Mark Connelly | Non Exec Director, Independent Director | 14/10/2015 | 30/06/2018 |
Brad Sampson | CEO | 06/02/2017 | 09/02/2018 |
Russell Middleton | Non Exec Director | 01/07/2016 | 23/10/2016 |
Stephen Hills | Finance Director, CFO | 01/07/2010 | 25/05/2016 |
David Constable | Non Exec Director | 24/06/2011 | 31/03/2016 |
Neil Fearis | Chairman | 26/05/2011 | 31/12/2015 |
Bradley Marwood | Managing Director | 09/01/2007 | 17/08/2015 |
Rhett Brans | Non Exec Director | 11/07/2008 | 22/05/2013 |
Jesus Fernandez | Non Exec Director | 06/05/2010 | 11/10/2012 |
Darryll Castle | Director | 25/05/2012 | 11/10/2012 |
Deon Garbers | Non Exec Director | 06/05/2010 | 25/05/2012 |
Reginald Gillard | Non Exec Chairman | 13/12/2005 | 26/05/2011 |
Patrick Flint | Executive Director | 01/06/2008 | 20/04/2011 |
David Young | Managing Director | 09/12/2005 | 03/12/2010 |
Michael Gasson | COO | 01/06/2005 | 22/06/2007 |
Michael Scivolo | Non Exec Director | 01/01/1998 | 21/12/2006 |
David Zukerman | Non Exec Director | 18/08/2003 | 30/11/2006 |
Klaus Eckhof | Non Exec Director | 01/06/2005 | 10/10/2006 |
Michael Norburn | Non Exec Director | 17/10/2002 | 01/11/2005 |
Robert Collins | Managing Director | 18/08/2003 | |
Desmond Mitting | Non Exec Director | 10/12/2001 | 18/10/2002 |
Date of first appointment, title may have changed.
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