MOD Lays Foundations for Accelerating Growth

MOD Resources Limited (ASX:MOD) and joint venture partner, AIM-listed Metal Tiger Plc (LON:MTR), through the in-country operating company Tshukudu Metals Botswana (Pty) Ltd
(Tshukudu), made excellent progress this quarter developing and exploring the Company’s vast landholdings in the Kalahari Copper Belt in Botswana, centred around their flagship T3 Project.

A highlight for the quarter was a major increase in the T3 Resource estimate to 60Mt @ 0.98% Cu and 14g/t Ag containing ~590Kt copper and 27Moz silver. This represented a 44% increase in contained copper. Importantly, there was a significant increase in copper grades at higher cut-off grades. Approximately 61% of the total resource tonnes (and 70% contained copper) is now in the Indicated Resource category, providing further confidence in the project, currently the subject of a Feasibility Study.

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