Cobre Limited – Stage 1 Infill Diamond Drilling Commences

·3 min read

LONDON, August 09, 2022--(BUSINESS WIRE)--

9 August 2022

Metal Tiger plc

("Metal Tiger" or the "Company")

Cobre Limited – Stage 1 Infill Diamond Drilling Commences

Ngami Copper Project and Kitlanya West Exploration Update

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 announced that it has expanded its exploration programmes on both the Ngami Copper Project ("NCP") and the Kitlanya West project.

Having established the occurrence of significant concentrations of copper mineralisation at NCP, Cobre can now focus on testing the extent and continuity of drill confirmed mineralisation with the aim to unlock a potential new copper deposit. In parallel, Cobre is developing additional targets using the same technical method to vector in and open up the district-scale opportunities of the Kalahari Copper Belt.

Metal Tiger is currently interested in 34,764,096 Cobre shares, representing approximately 21% of Cobre’s issued share capital.

A link to Cobre’s announcement, released today, is set out below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02551161-2A1389720?access_token=83ff96335c2d45a094df02a206a39ff4

For further information on the Company, visit: https://www.metaltigerplc.com/

Enquiries:

Michael McNeilly

(Chief Executive Officer)

Tel: +44 (0)20 7099 0738

Mark Potter

(Chief Investment Officer)

James Dance

James Harris

Robert Collins

Strand Hanson Limited (Nominated Adviser)

Tel +44 (0)20 7409 3494

Simon Johnson

Steve Douglas

Arden Partners plc (Broker)

Tel: +44 (0)20 7614 5900

Gordon Poole

James Crothers

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. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220809005619/en/

Contacts

Metal Tiger plc