METAL TIGER PLC: Armada Metals Limited -- Exploration Update
November 14 2022 - 6:45AM
UK Regulatory
TIDMMTR
14 November 2022
Metal Tiger plc
("Metal Tiger" or the "Company")
Armada Metals Limited -- Exploration Update
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed
investor in natural resource opportunities, is pleased to note that
Armada Metals Limited ("Armada") has announced that modelling and a
subsequent technical review of Natural Source Audio-Magnetotelluric
and company exploration datasets has identified very strong
apparent conductors that will be used to drive future drill
programs at the Nyanga Project, Gabon.
Metal Tiger holds 15,000,000 Armada Shares, representing
approximately 14.42% of Armada's issued share capital. In addition,
Metal Tiger currently holds 3,333,333 options over Armada Shares,
exercisable at a price of $A0.334 which expire on 30 December
2026.
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/2924-02597387-2A1413312?access_token=83ff96335c2d45a094df02a206a39ff4
For further information on the Company, visit
www.metaltigerplc.com:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 3287 5349
Mark Potter (Chief Investment Officer)
James Dance Strand Hanson Limited Tel +44 (0)20 7409 3494
James Harris (Nominated Adviser)
Robert Collins
Steve Douglas Arden Partners plc (Broker) Tel: +44 (0)20 7614 5900
Simon Johnson
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.
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.
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/20221114005595/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2022
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