31 Jan 2023 13:09
31 January 2023
Metal Tiger plc
("Metal Tiger" Or The "Company")
Cobre Limited – Quarterly Activities Report
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to note that Cobre Limited (“Cobre”) has published its Quarterly Activities Report for the quarter ended 31 December 2022.
Following completion of the placing and closure of the Share Purchase Plan, Metal Tiger will be interested in 53,656,803 shares in Cobre, representing approximately 18.76%.
A link to Cobre’s Quarterly Report, released today, is set out below:
https://app.sharelinktechnologies.com/announcement/asx/cfa855a2fbbd5ea3c5a99e99c6c36803
Michael McNeilly, CEO of Metal Tiger, said:
“We are pleased with Cobre’s activities in Botswana in the last quarter, and look forward to the results of the ongoing drill programme. This is an exciting period for Cobre as the company progresses with a highly advantageous exploration opportunity in the emerging new copper district in the Kalahari Copper Belt, which has potential to unlock significant value.”
For further information on the Company, visit www.metaltigerplc.com:
Enquiries:
Michael McNeilly | (Chief Executive Officer) | Tel: +44 (0)20 3287 5349 |
Mark Potter | (Chief Investment Officer) |
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James Dance Richard Johnson Robert Collins | Strand Hanson Limited (Nominated Adviser) | Tel +44 (0)20 7409 3494 |
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Simon Johnson Alexandra Campbell-Harris | Zeus Capital Limited (Broker) | Tel: +44 (0)20 7614 5900 |
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Gordon Poole Elfie Kent Rebecca Waterworth | 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") and the ASX Market of the Australian Securities Exchange Market ("ASX") 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.
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.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230131005667/en/
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