METAL TIGER PLC: Armada Metals Limited -- New Targets Identified at the Nyanga Project in Gabon

TIDMMTR 
 
 

02 February 2023

Metal Tiger plc

("Metal Tiger" or the "Company")

Armada Metals Limited -- New Targets Identified at the Nyanga Project in Gabon

Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to note that Armada Metals Limited ("Armada") has announced the identification of additional targets at the Nyanga Magmatic Nickel-Copper (Ni-Cu) Project in Gabon.

Preliminary modelling of airborne Mobile Magnetotellurics survey data has defined multiple preliminary targets, which will direct future ground based Natural Source Audio-Magnetotelluric ("NSAMT") programs and drill targeting. A series of ground-based NSAMT surveys are planned to follow up on the highest priority targets in advance of further drilling.

Metal Tiger holds 15,000,000 Armada Shares, representing approximately 14.42% of Armada's issued share capital. In addition, Metal Tiger currently holds 3,333,333 options over Armada Shares, exercisable at a price of $A0.334 which expire on 30 December 2026.

Michael McNeilly, CEO of Metal Tiger, said:

"We are very pleased to note a successful 2022 exploration programme by Armada in Gabon, with the identification of new priority targets. We look forward to future updates on the follow-up and potential drill testing later in 2023".

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

https://www.asx.com.au/asxpdf/20230202/pdf/45l70nw9jrmkhl.pdf

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

Enquiries:

 
Michael McNeilly           (Chief Executive Officer)  Tel: [phone] 
Mark Potter                (Chief Investment 
                           Officer) 
 
James Dance                Strand Hanson Limited      Tel [phone] 
 Richard Johnson           (Nominated Adviser) 
 Robert Collins 
 
Simon Johnson Alexandra    Zeus Capital Limited       Tel: [phone] 
Campbell-Harris            (Broker) 
 
Gordon Poole               Camarco (Financial PR)     Tel: [phone] 
 Elfie Kent 
 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/20230202005544/en/

 
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Metal Tiger plc

 
    SOURCE: Metal Tiger plc 
Copyright Business Wire 2023 
 

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February 02, 2023 07:51 ET (12:51 GMT)