METAL TIGER PLC: Cobre Limited -- Ngami Copper Project assay results confirm significant copper mineralisation
September 21 2022 - 6:36AM
UK Regulatory
TIDMMTR
21 September 2022
Metal Tiger plc
("Metal Tiger" or the "Company")
Cobre Limited -- Ngami Copper Project assay results confirm
significant copper mineralisation
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 positive assay results from
the first three drill holes at the Ngami Copper Project in the
Kalahari Copper Belt, Botswana. Assays returned highly anomalous
copper and silver results, with drill hole NCP08 demonstrating
potential for economic concentrations of copper within the
target.
The ongoing 500m infill drill programme has now completed drill
holes NCP13 and NCP14, both of which have intersected notable
copper mineralisation at the expected target depth, and will now
focus on completing the 500m spaced lateral coverage along the
target and extending the target footprint to the northeast. This
phase of drilling will include eight additional diamond drill holes
totalling approximately 2400m, and is expected to be completed by
the end of October 2022.
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 enlarged 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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02570716-2A1399801?access_token=83ff96335c2d45a094df02a206a39ff4
Metal Tiger is currently interested in 34,764,096 Cobre shares,
representing approximately 17% 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/20220921005591/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2022
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September 21, 2022 06:36 ET (10:36 GMT)
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