RNS19 Mar 2021 07:06
Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:
“We are pleased to invest in Armada, which presents a district scale opportunity with compelling geology. This frontier is significantly under-explored, which makes it so exciting, and we welcome the longer-term proposal for Armada to undertake an IPO.”
“Armada has completed significant work to create a compelling geological model that has delineated multiple drill-ready projects. Should the initial work programme prove successful it has the potential to create significant value uplift across all of the untested targets and increase the overall attractiveness of the district.”
“Given its experienced leadership team, who have a successful track record of involvement in major discoveries and operational experience in Central and Southern Africa, we look forward to the results of Armada’s upcoming operational phase.”