METAL TIGER PLC: Armada Metals Limited - Rock Sampling Confirms Magmatic Sulphide Potential Extends for Over 60km at the Nyanga Project
July 04 2022 - 8:06AM
UK Regulatory
TIDMMTR
4 July 2022
Metal Tiger plc
("Metal Tiger" or the "Company")
Armada Metals Limited - Rock Sampling Confirms Magmatic Sulphide
Potential Extends for Over 60km at the Nyanga Project
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed
investor in natural resource opportunities, is pleased to note the
analysis of Armada Metals Limited ("Armada"), in which surface hand
grab samples along the Ngongo-Yoyo Trend, extending 15km to 40km
southeast of the Libonga-Matchiti Trend, has confirmed the presence
of outcropping ultramafic intrusions with observed magmatic
sulphides.
Following completion of Armada's IPO, Metal Tiger holds
15,000,000 Armada Shares, representing approximately 14.42% of
Armada's enlarged share capital. In addition, Metal Tiger currently
holds 3,333,333 options over Armada Shares, exercisable at a price
of $A0.334 with a 5-year validity after admission of the company to
the official list of the ASX.
A link to Armada's announcement, released today, is set out
below:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02537961-2A1382938?access_token=83ff96335c2d45a094df02a206a39ff4
For further information on the Company, visit:
https://www.metaltigerplc.com/
Enquiries:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Mark Potter (Chief Investment Officer)
James Dance Strand Hanson Limited Tel +44 (0)20 7409 3494
James Harris (Nominated Adviser)
Robert Collins
Paul Shackleton Arden Partners plc (Broker) Tel: +44 (0)20 7614 5900
Steve Douglas
Gordon Poole Camarco (Financial PR) Tel: +44 (0)20 3757 4980
James Crothers
Rebecca Waterworth
Notes to Editors:
Metal Tiger PLC is admitted to the AIM market of the London
Stock Exchange AIM Market ("AIM") and the ASX Market of the
Australian Securities Exchange Market ("ASX") with the trading code
MTR and invests in high potential mineral projects with a base,
precious and strategic metals focus.
The Company's target is to deliver a high return for
shareholders by investing in significantly undervalued and/or high
potential opportunities in the mineral exploration and development
sector. Metal Tiger has two investment divisions: Equity
Investments and Project Investments.
Equity Investments invests in undervalued natural resource
companies. The majority of its investments are listed on AIM, the
TSX and the ASX, which includes its interest in Sandfire Resources
Limited (ASX: SFR). The Company also considers selective
opportunities to invest in private natural resource companies,
typically where there is an identifiable path to IPO. Through the
trading of equities and warrants, Metal Tiger seeks to generate
cash for investment for the Project Investments division.
Project Investments is focused on the development of its key
project interests in Botswana, where Metal Tiger has a growing
interest in the large and highly prospective Kalahari copper/silver
belt through its interest in Kalahari Metals Limited.
The Company actively assesses new investment opportunities on an
on-going basis and has access to a diverse pipeline of new
opportunities in the natural resources and mining sectors. For
pipeline opportunities deemed sufficiently attractive, Metal Tiger
may invest in the project or entity by buying publicly listed
shares, by financing privately and/or by entering into a joint
venture.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20220704005216/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2022
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July 04, 2022 08:06 ET (12:06 GMT)
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