METAL TIGER PLC: Armada Metals Limited -- Commencement of Mobile-Mt Survey at The Magmatic Nickelcopper Nyanga Project
December 01 2022 - 5:15AM
UK Regulatory
TIDMMTR
1 December 2022
Metal Tiger plc
("Metal Tiger" Or The "Company")
Armada Metals Limited -- Commencement of Mobile-Mt Survey at The
Magmatic Nickelcopper Nyanga Project
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 the commencement of
a one thousand five hundred line-kilometre airborne survey using
the Expert Geophysics Limited's Mobile Magnetotellurics system at
its district-scale Nyanga Project in Gabon. Commencing yesterday,
the system will be used to rapidly test potential concealed
portions of the Libonga-Matchiti Trend and the highly prospective
and untested Ngongo-Yoyo Trend.
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/2924-02605740-2A1417089?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/20221201005560/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2022
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