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

Fri, 09th Sep 2022 13:49

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.

Metal Tiger holds 55.6 million shares in Cobre, representing a 21% stake. The project is owned by Kalahari Metals Ltd. Metal Tiger has a 62% stake in KML, with Cobre owning the rest.

Current stock price: 18.23 pence

12-month change: down 33%

By Sophie Rose; sophierose@alliancenews.com