LONDON--(BUSINESS WIRE)--
4 July 2022
Metal Tiger plc
("Metal Tiger" or the "Company")
Kalahari Metals Limited – Appointment of CEO and New Exploration Team
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to note the appointment of Mr. Adam Wooldridge as Chief Executive Officer of Kalahari Metals Limited (“KML”) and a new exploration team.
The Company believes that these appointments represent an exciting step for both Cobre Limited (“Cobre”) and KML after Cobre’s recent announcement relating to the acquisition of the remaining 49% interest in KML (announced 16 June 2022). Adam is a founding partner of KML and has played an active role in developing the company’s exploration projects over the last five years.
Metal Tiger is currently interested in 34,764,096 Cobre shares, representing approximately 21% of Cobre’s issued share capital. Cobre currently holds a 51% interest in KML, via its wholly owned subsidiary, Cobre Kalahari Pty Ltd.
A link 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 |
Paul Shackleton 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.