LONDON (Alliance News) - Natural resources investment company Metal Tiger PLC on Tuesday said it has expanded its asset base in Spain with the addition of the Maria gold and antimony project licence in the Extremadura region of the country.
Metal Tiger said the project is located 15 kilometres north of the Logrosan gold and tungsten project that the company has been developing via a joint venture since March 2015.
Metal Tiger will provide up to EUR500,000 for a drill programme this year and in 2017 at the project, which will be funded from existing working capital resources.
"Metal Tiger now has significant strategic interests in Botswana, Spain and Thailand, all of which are progressing at pace and adding value for shareholders. We continue to build rapidly and further announcements are expected in the near term across all areas of the company's investing activities," said Chief Executive Paul Johnson.
Shares in Metal Tiger were down 2.0% to 3.68 pence Tuesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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