LONDON--(BUSINESS WIRE)--
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 |
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Mark Potter |
(Chief Investment Officer) |
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Richard Tulloch James Dance Jack Botros |
Strand Hanson Limited (Nominated Adviser) |
Tel +44 (0)20 7409 3494 |
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Paul Shackleton Steve Douglas |
Arden Partners plc (Broker) |
Tel: +44 (0)20 7614 5900 |
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Gordon Poole James Crothers Monique Perks |
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") 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.