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Tiger Resources Delivers Positive Definitive Feasibility Study for Stage 2 of Kipoi Copper Project; Shrs Jumped 20% Tuesday

Tiger Resources Limited (TGS.TO), which jumped 20% Tuesday, announced it has completed a definitive feasibility study for the Stage 2 Solvent Extraction Electrowinning facility at Tiger's Kipoi Copper Project in the Democratic Republic of Congo ( DRC ). The DFS has confirmed the Stage 2 SXEW operation as a low-cost, high-margin project which can be commissioned after 16 months of development for a low capital cost.

Gecamines, Tiger's joint venture partner, is currently completing its review of the DFS and any material changes arising out of that review will be notified to the market.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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