31 Jul 2020 11:38
31 July 2020
Metal Tiger plc
("Metal Tiger" or the "Company")
Cobre – Quarterly Activities Report
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that Cobre Limited (ASX: CBE) (“Cobre”), in which Metal Tiger owns a c.18.8% interest, has published a Quarterly Activities Report for the Quarter ended 30 June 2020 and cashflow statement.
Cobre’s full Quarterly Activities Report and cashflow statement can be found below:
https://www.asx.com.au/asxpdf/20200731/pdf/44l24bpsnqcdhd.pdf - Quarterly Activities Report
https://www.asx.com.au/asxpdf/20200731/pdf/44l244kknv4310.pdf - Cashflow Statement
Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:
“This has been a strong quarter for Cobre with drilling continuing across the Perrinvale Project demonstrating significant high-grade copper gold results.
“Results from the Schwabe prospect have been particularly exciting for Metal Tiger, following the drilling campaign confirming the presence of VHMS mineralisation at the Schwabe prospect as well as indicative results of further mineralisation to the North and South of the prospect. We eagerly await the further assay results from the ongoing drilling campaign and look forward to updating shareholders in the near future.”
For further information on the Company, visit: www.metaltigerplc.com
Enquiries:
Michael McNeilly | (Chief Executive Officer) | Tel: +44 (0)20 7099 0738 |
Mark Potter | (Chief Investment Officer) |
|
Richard Tulloch James Dance Jack Botros | 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 Hugo Liddy | 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") 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.
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