Tiger completed a Feasibility Study for the Sase Central deposit at Lupoto in late 2013 and applied to the DRC Ministry of Mines to convert to a mining licence. Tiger has received environmental study approval for Lupoto. The company expects to receive the mining license in 2016. It is not clear if the company received the license in 2016.

Tiger completed a Feasibility Study for the Sase Central deposit at Lupoto in late 2013 and applied to the DRC Ministry of Mines to convert to a mining licence. Tiger has received environmental study approval for Lupoto. The company expects to receive the mining license in 2016. It is not clear if the company received the license in 2016.

No exploration activities took place in 2018

Lupoto Mine (north)

On 19 January 2018, the Company entered into the binding SPA and Royalty Deed with Sinomine. Under the terms of the SPA, Sinomine was to acquire 100% of the Company’s shares in its subsidiaries and its interests in the Kipoi Project, Lupoto Project and La Patience permit. In exchange, the Company was entitled to receive total consideration of US$260 million, comprising cash payments totalling US$250 million and the assumption of liabilities by Sinomine totalling US$10 million. Under the terms of the Royalty Deed, the Company was entitled to receive royalty payments from revenue generated from the sale of copper and cobalt by Sinomine of up to an aggregate amount of US$20 million. On 6 July 2018 the Company subsequently terminated the SPA it had entered into with Sinomine as terms acceptable to the Company were not achieved.

Tiger Resources attempted to sell its assets in 2018 but did not come to an acceptable deal with the potential buyer.