METAL TIGER PLC: Kalahari Metals Limited Update
02 Aprile 2020 - 11:27AM
UK Regulatory
TIDMMTR
Metal Tiger plc
("Metal Tiger" or the "Company")
Kalahari Metals Limited Update
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed
investor in natural resource opportunities, announces that further
to its announcement of 9 March 2020, regarding Kalahari Metals
Limited ("KML") commencing drilling at Kitlanya East, Botswana has
confirmed its first three cases of COVID-19 and ordered a national
lockdown of all but essential services. The lockdown in Botswana
will come into effect from today and is scheduled to remain in
place for 28 days.
Accordingly, KML has suspended drilling in compliance with the
directive. Drilling completed to date at Kitlanya East has
intersected shallow lower D'Kar formation units, highlighting the
potential for Cu-Ag mineralisation in close proximity to
neighbouring Sandfire Resources T3 deposit. Continuation of
drilling and sampling programmes at Kitlanya East are planned to
recommence as soon as restrictions on movement are relaxed.
This announcement contains inside information for the purposes
of the market abuse regulation (EU No. 596/2014) ("MAR").
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
Hugo Liddy
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. In Thailand, Metal
Tiger has interests in two potentially near-production stage
lead/zinc/silver mines as well as license applications and critical
historical data covering antimony, copper, gold, lead, zinc and
silver opportunities.
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/20200402005345/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2020
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April 02, 2020 05:27 ET (09:27 GMT)
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