METAL TIGER PLC: Cobre Limited -- Vertical Continuity of Copper Mineralisation confirmed at the Ngami Copper Project
August 30 2022 - 9:31AM
UK Regulatory
TIDMMTR
Metal Tiger plc
("Metal Tiger" or the "Company")
Cobre Limited -- Vertical Continuity of Copper Mineralisation
confirmed at the Ngami Copper Project
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 fifth intersection of
copper mineralisation from its ongoing drill programme at Kalahari
Metals Limited's ("KML") Ngami Copper Project in Botswana,
returning another significant copper intersection.
Drill hole NCP11-B targeted the vertical extension of anomalous
mineralisation intersected in drill hole NCP08, which, along with
drill holes NCP10, NCP09, NCP07 and TRD-14-16a, has delineated a
compelling copper target with more than 4km of strike.
Based on visual estimates, confirmed with pXRF readings, drill
hole NCP11-B has intersected a broad 78m zone of copper
mineralisation which includes 16m of abundant chalcocite (and
bornite) mineralisation. Infill drilling on either side of NCP11-B
is underway with a second drill rig scheduled to start in two
weeks' time.
Following completion of the fundraise announced on 4 August
2022, Metal Tiger will hold 44,572,172 ordinary shares in Cobre
representing approximately 21% of Cobre's issued share capital.
Metal Tiger's investment will be subject to Cobre shareholder
approval at an upcoming general meeting.
A link to Cobre's announcement, released today, is set out
below:
https://app.sharelinktechnologies.com/announcement/asx/71c6f30574b34e340eec52ad4339f166
Metal Tiger is currently interested in 34,764,096 Cobre shares,
representing approximately 21% of Cobre's issued share capital.
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/20220830005699/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2022
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August 30, 2022 09:31 ET (13:31 GMT)
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