Metallic Tiger plc
(“Metallic Tiger” or the “Firm”)
Kalahari Metals Restricted Replace
Metallic Tiger plc (AIM: MTR), the London Inventory Change AIM listed
investor in pure useful resource alternatives, publicizes that additional to
its announcement of 9 March 2020, concerning Kalahari Metals Restricted
(“KML”) commencing drilling at Kitlanya East, Botswana has confirmed its
first three instances of COVID-19 and ordered a nationwide lockdown of all however
important providers. The lockdown in Botswana will come into impact from
at present and is scheduled to stay in place for 28 days.
Accordingly, KML has suspended drilling in compliance with the
directive. Drilling accomplished to this point at Kitlanya East has intersected
shallow decrease D’Kar formation models, highlighting the potential for
Cu-Ag mineralisation in shut proximity to neighbouring Sandfire
Assets T3 deposit. Continuation of drilling and sampling programmes
at Kitlanya East are deliberate to recommence as quickly as restrictions on
motion are relaxed.
This announcement accommodates inside info for the needs of the
market abuse regulation (EU No. 596/2014) (“MAR”).
For additional info on the Firm, go to: www.metaltigerplc.com
(Chief Govt Officer)
(Chief Funding Officer)
|Tel: +44 (zero)20 7099 0738|
|Strand Hanson Restricted (Nominated Adviser)||Tel +44 (zero)20 7409 3494|
|Arden Companions plc (Dealer)||Tel: +44 (zero)20 7614 5900|
|Camarco (Monetary PR)||Tel: +44 (zero)20 3757 4980|
Notes to Editors:
Metallic Tiger plc is admitted to the AIM market of the London Inventory
Change AIM Market (“AIM”) with the buying and selling code MTR and invests in
excessive potential mineral tasks with a base, valuable and strategic
The Firm’s goal is to ship a excessive return for shareholders by
investing in considerably undervalued and/or excessive potential
alternatives within the mineral exploration and improvement sector. Metallic
Tiger has two funding divisions: Direct Equities and Direct Tasks.
The Direct Equities Division invests in undervalued pure
useful resource corporations. The vast majority of its investments are listed on AIM,
the TSX and the ASX, which incorporates its three.69% curiosity in Sandfire
Assets NL (ASX: SFR). The Firm additionally considers selective
alternatives to spend money on non-public pure useful resource corporations, usually
the place there’s an identifiable path to IPO. By means of the buying and selling of
equities and warrants, Metallic Tiger seeks to generate money for funding
within the Direct Tasks Division.
The Direct Tasks Division is targeted on the event of its
key challenge pursuits in Botswana, Kalahari copper/silver belt by way of
its curiosity in Kalahari Metals Restricted. In Thailand, Metallic Tiger has
pursuits in two doubtlessly near-production stage lead/zinc/silver
mines in addition to license purposes and important historic knowledge
protecting antimony, copper, gold, lead, zinc and silver alternatives.
The Firm actively assesses new funding alternatives on an
on-going foundation and has entry to a various pipeline of recent alternatives
within the pure sources and mining sectors. For pipeline alternatives
deemed sufficiently enticing, Metallic Tiger might spend money on the challenge or
entity by shopping for publicly listed shares, by financing privately and/or
by coming into right into a three way partnership.
Brief Title: Metallic Tiger plc
Class Code: MSCU
Sequence Quantity: 696403
Time of Receipt (offset from UTC): 20200402T102332+0100