METAL TIGER PLC: Armada Metals Limited - Ground-Based Nsamt Survey Underway at The Nyanga Project

TIDMMTR 
 
 

1 August 2022

Metal Tiger plc

("Metal Tiger" or the "Company")

Armada Metals Limited - Ground-Based Nsamt Survey Underway at The Nyanga Project

Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to note the announcement of Armada Metals Limited ("Armada"), which notes the commencement of a series of Natural Source Audio-Magnetotelluric surveys over the Libonga-Matchiti Trend at the Nyanga Project in Gabon.

Following completion of Armada's IPO, Metal Tiger holds 15,000,000 Armada Shares, representing approximately 14.42% of Armada's enlarged share capital. In addition, Metal Tiger currently holds 3,333,333 options over Armada Shares, exercisable at a price of $A0.334 with a 5-year validity after admission of the company to the official list of the ASX.

A link to Armada's announcement, released today, is set out below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02548259-2A1388031?access_token=83ff96335c2d45a094df02a206a39ff4

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

 
Michael McNeilly     (Chief Executive Officer)        Tel: [phone] 
Mark Potter          (Chief Investment Officer) 
 
James Dance          Strand Hanson Limited            Tel [phone] 
 James Harris        (Nominated Adviser) 
 Charlie Hammond 
 
Steve Douglas        Arden Partners plc (Broker)      Tel: [phone] 
 Simon Johnson 
 
Gordon Poole         Camarco (Financial PR)           Tel: [phone] 
 James Crothers 
 Rebecca Waterworth 
 

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/20220801005362/en/

 
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Metal Tiger plc

 
    SOURCE: Metal Tiger plc 
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August 01, 2022 05:25 ET (09:25 GMT)