MTR Metal Tiger Plc

TIDMMTR 
 
 

Metal Tiger plc

("Metal Tiger" or the "Company")

Cobre Limited -- Exploration Update

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to note the announcement made earlier today by Cobre Limited ("Cobre") (ASX:CBE), the copper exploration company focussed on exploring the Perrinvale Copper Project ("Perrinvale").

Cobre has an 80% interest in Toucan Gold Pty Ltd, which wholly owns Perrinvale. Metal Tiger has a 19.99% interest in Cobre.

As per the announcement, Cobre has completed processing of the diamond drill core generated from the recent drilling at the Zinco Lago, Schwabe and Monti Prospects at Perrinvale, with final cut core samples due for delivery to the laboratory today.

Cobre now plans to review and report assays in the context of understandings gained from the lithological logging and Down Hole Electromagnetic ("DHEM") survey results for each prospect when available, which is anticipated to be within a month. The DHEM surveys have also been completed on two reverse circulation drill holes completed beyond the recent diamond drill programme.

Further, having assessed the potential impacts of COVID-19, the Board of Cobre is comfortable that exploration activities can continue uninterrupted whilst awaiting assay results.

Cobre's announcement can be accessed via the following hyperlink:

https://www.asx.com.au/asxpdf/20200319/pdf/44g64rpp5fp9zy.pdf

For further information on the Company, visit: www.metaltigerplc.com

Enquiries:

 
Michael McNeilly    (Chief Executive Officer)         Tel: +44 (0)20 7099 0738 
Mark Potter         (Chief Investment Officer) 
Richard Tulloch     Strand Hanson Limited             Tel +44 (0)20 7409 3494 
 James Dance        (Nominated Adviser) 
 Jack Botros 
Paul Shackleton     Arden Partners plc                Tel: +44 (0)20 7614 5900 
 Steve Douglas      (Broker) 
Gordon Poole        Camarco (Financial PR)            Tel: +44 (0)20 3757 4980 
 James Crothers 
 Monique Perks 
 

Notes to Editors:

Metal Tiger plc is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") 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: Direct Equities and Direct Projects.

The Direct Equities Division invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its 3.69% interest in Sandfire Resources NL (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 in the Direct Projects Division.

The Direct Projects Division is focused on the development of its key project interests in Botswana, 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/20200319005260/en/

 
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Metal Tiger plc

 
    SOURCE: Metal Tiger plc 
Copyright Business Wire 2020 
 

(END) Dow Jones Newswires

March 19, 2020 05:27 ET (09:27 GMT)

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