MTR.L Share News (MTR)

IN BRIEF: Metal Tiger notes Cobre's sixth copper intersection

Metal Tiger PLC - Winchester, England-based investment company focused on natural resources sector - Says Cobre Ltd has made its sixth intersection of copper mineralisation from its ongoing drill programme at the Ngami copper project in Botswana. Says drill hole NCP12 intersects drill holes NCP08 and NCP11-B, which have delineated a compelling copper target with more than 4 kilometres of strike. It adds that the copper intersection in NCP12 provides confidence in the continuity of mineralisation along the extensive strike extent.

IN BRIEF: Metal Tiger interim loss vastly widens due equity value fall

Metal Tiger PLC - Winchester, England-based investment company focused on natural resources sector - Narrow widens significantly as movement in price of equity holdings turns negative due to macroeconomic uncertainty. Pretax loss in the six months to June 30 balloons to GBP9.4 million from GBP567,000 a year prior. Movement in fair value of fair value accounted equities is negative GBP9.7 million versus gain of GBP495,000 a year ago.

IN BRIEF: Metal Tiger notes Cobre's Botswana license two-year renewal

Metal Tiger PLC - Winchester, England-based investment company focused on the natural resources sector - Notes Cobre Ltd, in which it holds a 21% stake, receives renewal of its five exploration licenses in Botswana, held by mineral exploration services firm Triprop Holdings Ltd, based in Botswana's capital Gaborone. The licenses are "subject to a binding earn-in agreement with Kalahari Metals Ltd," Metal Tiger explains. Metal Tiger has a 62% stake in Kalahari Metals, with Cobre owning the rest.

IN BRIEF: Metal Tiger notes Cobre's "significant" copper intersection

Metal Tiger PLC - Winchester, England-based investment company focused on the natural resources sector - On Tuesday notes Cobre Ltd, in which it holds a 21% stake, finds "significant" copper intersection at the Ngami Copper Project in Botswana. Says drill hole NCP10 intersected a broad 69 metres zone of copper mineralisation with a 13 metres zone of "abundant chalcocite mineralisation". It is centred at 310 metres downhole. Chalcocite is a copper ore mineral.

IN BRIEF: Metal Tiger notes Cobre begins drilling in Botswana

Metal Tiger PLC - Winchester, England-based investment company focused on the natural resources sector - Notes Cobre Ltd, in which it holds a 21% stake, begins stage 1 infill diamond drilling at the Ngami Copper project and Kitlanya West project.

AIM WINNERS & LOSERS: Parsley Box sinks after profit warning

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

IN BRIEF: Metal Tiger shares jump on significant copper intersection

Metal Tiger PLC - Winchester, England-based investment company focused on the natural resources sector - Notes Australian mineral exploration company Cobre announced the first intersection of significant copper mineralisation though the drill programme on the Ngami copper project in Botswana. Says the drill hole NCP07 intersected a broad zone of copper mineralisation starting from 214 meters and continuing for roughly 59 meters downhole to 273 meters.

IN BRIEF: Metal Tiger notes start of next drilling stage at Ngami

Metal Tiger PLC - Winchester, England-based investment company focused on the natural resources sector - Notes that Cobre Ltd said that the next stage of drilling at Kalahari Metals Ltd's Ngami copper project in Botswana started. Says the initial phase of drilling will test the first of several prospective areas identified on KML's extensive license holding.

Metal Tiger notes new Kalahari CEO; Armada confirms sulphite potential

(Alliance News) - Metal Tiger PLC on Monday said investee Kalahari Metals Ltd appointed a new chief executive officer, and separately confirmed sulphite potential at Armada Metals's Nyanga project in Gabon.

Metal Tiger offloads Sandfire shares to reduce margin lending principal

(Sharecast News) - Natural resources investor Metal Tiger has disposed of 310,000 shares in Sandfire Resources, it announced on Friday, at an average price of 454 Australian cents (255p) each.

IN BRIEF: Metal Tiger strikes deal to sell whole Kalahari Metals stake

Metal Tiger PLC - Winchester, England-based investment company focused on the natural resources sector - Aims to sell its 49% stake in London-based Kalahari Metals Ltd to Cobre Ltd. As Sydney-based Cobre Ltd owns 51% of Kalahari through its subsidiary Cobre Kalahari Pty Ltd, it is set to become the sole owner of Kalahari with the transaction. Cobre will buy half of Metal Tiger's shares for GBP750,000.

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: TransGlobe Energy ups oil production in first quarter

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

TRADING UPDATES: SSE's Transmission raises cash; Croda gets UK grant

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

IN BRIEF: Metal Tiger jumps as investee begins drilling in Gabon

Metal Tiger PLC - Winchester, England-based investment company focused on the natural resources sector - Says investee Armada Metals Ltd starts diamond drilling at the Nyanga project in Gabon. The 3,000 metre diamond drilling programme will target Armada's highest priority nickel-copper targets along the Libonga-Matchiti trend at the Nyanga project. Metal Tiger holds about 14% stake in Armada.