Sabah Tavai Nickel Project Applied for by Tiger International.LAGUNA HILLS La·gu·na Hills A city of southern California southeast of Santa Ana. Population: 33,600. , Calif. -- Patric Barry, President of Tiger International Resources (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:TGR TGR Teton Gravity Research TGR Total Goiter Rate TGR Tiergenetischer Ressourcen (German: animal-genetic resources) TGR Things Gone Right TGR Thermal Gradient TGR Terminal Growth Rate (finance theory & valuation) .V) (Pink Sheets:TGILF), announces the company applied to the Government of Sabah, Malaysia, for a Prospecting License (PL) over the Tavai Nickel Project The Nickel Project is a nickname for a transportation funding package enacted by the 2003 Washington State Legislature. The slogan for the package is "It’s your Nickel, Watch it Work." The $3. , a 21 sq km area that contains a resource of Laterite laterite Soil layer rich in iron oxide and sometimes aluminum, derived from a wide variety of rocks by leaching. It forms in tropical and subtropical regions where the climate is humid. Nickel, Cobalt, and associated minerals. Known as the Tavai Plateau, the nickel bearing area contains grades averaging 0.75% and 0.07% cobalt. Tonnage is estimated at 270 million tonnes. This data is not National Instrument 43-101 compliant and the estimates are contained in historic data provided by the Sabah Government which, while considered reliable, will be verified by Tiger. The area of interest is 21 sq kms of lateritic lat·er·ite n. A red residual soil in humid tropical and subtropical regions that is leached of soluble minerals, aluminum hydroxides, and silica but still contains concentrations of iron oxides and iron hydroxides. nickel which can be mined by open pit methods with low costs. Tiger management last week conducted a site inspection and verified that the area of mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. is Class Two Forest, and intends that by eliminating the non-core areas from the Application it will be approvable. Tiger will provide detail of anticipated investment, economic benefit to Sabah, employment projections, and rehabilitation details in the amended Application. Tiger possesses prior exploration data which establishes (subject to audit) that an economic and proven resource exists at Tavai. Upon approval of the License Application, Tiger intends to audit the data and to perform additional site drilling to validate the prior data, and will produce a 43-101 compliant report and obtain an independent valuation on the property. Upon completion, Tiger will proceed to a full feasibility study, after which it intends to apply to the Government of Sabah for a Mining License. Tiger will seek financing to place the project into production, as appropriate. Logistics and technology for a nickel separation plant will be studied, and the feasibility for construction and operation of a nickel smelter on Sabah will be examined as part of the feasibility study. The Sabah Government, as a condition of issuing a License, requires the right to be able to invest in the development of the project and to earn up to a 30% equity ownership. Tiger will hold 100% interest, subject to this condition. An undetermined royalty is payable to the Government of Sabah. |
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