METAL TIGER PLC: Cobre Limited -- Significant New Copper Intersection at The Ngami Copper Project
July 27 2022 - 4:17AM
UK Regulatory
TIDMMTR
27 July 2022
Metal Tiger plc
("Metal Tiger" or the "Company")
Cobre Limited -- Significant New Copper Intersection at The
Ngami Copper Project
First diamond drill hole intersects broad zone of copper
mineralisation over a 59m interval
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed
investor in natural resource opportunities, is pleased to note that
Cobre Limited ("Cobre") has announced the first intersection of
significant copper mineralisation from its ongoing drill programme
on Kalahari Metals Limited's Ngami Copper Project licenses.
Based on visual estimates, confirmed with pXRF readings, Cobre's
drill hole NCP07 has intersected a broad zone of copper
mineralisation starting from 214m and continuing for approximately
59m downhole to 273m. Mineralisation includes vein and fracture
fill chrysocolla as well as fine-grained copper sulphides, which
increase in abundance between 250m and 260m downhole.
Metal Tiger is currently interested in 34,764,096 Cobre shares,
representing approximately 21% of Cobre's issued share capital.
A link to Cobre's announcement, released today, is set out
below:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02545727-2A1387064?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
Simon Johnson 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/20220727005442/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2022
(END) Dow Jones Newswires
July 27, 2022 04:17 ET (08:17 GMT)
Metal Tiger (LSE:MTR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Metal Tiger (LSE:MTR)
Historical Stock Chart
From Sep 2023 to Sep 2024