Metal Tiger plc UK Regulatory Announcement: Cobre Limited – Significant New Copper Intersection at The Ngami Copper Project
LONDON–(BUSINESS WIRE)–
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:
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 James Harris Robert Collins | Strand Hanson Limited (Nominated Adviser) | Tel +44 (0)20 7409 3494 |
| Simon Johnson Steve Douglas | Arden Partners plc (Broker) | Tel: +44 (0)20 7614 5900 |
| Gordon Poole James Crothers Rebecca Waterworth | Camarco (Financial PR) | Tel: +44 (0)20 3757 4980 |
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.
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Metal Tiger plc
