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Cobre Limited – Exploration Update

--(BUSINESS WIRE)--  LONDON

Metal Tiger plc

("Metal Tiger" or the "Company")

– Exploration UpdateCobre Limited

(AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to note the announcement made earlier today by (“Cobre”) (ASX:CBE), the copper exploration company focussed on exploring the (“Perrinvale”).Metal Tiger plcCobre LimitedPerrinvale Copper Project

has an 80% interest in , which wholly owns Perrinvale. Metal Tiger has a 19.99% interest in .CobreToucan Gold Pty LtdCobre

As per the announcement, has completed processing of the diamond drill core generated from the recent drilling at the Zinco Lago, Schwabe and Monti Prospects at Perrinvale, with final cut core samples due for delivery to the laboratory today.Cobre

now plans to review and report assays in the context of understandings gained from the lithological logging and Down Hole Electromagnetic (“DHEM”) survey results for each prospect when available, which is anticipated to be within a month. The DHEM surveys have also been completed on two reverse circulation drill holes completed beyond the recent diamond drill programme.Cobre

Further, having assessed the potential impacts of COVID-19, the Board of is comfortable that exploration activities can continue uninterrupted whilst awaiting assay results.Cobre

Cobre’s announcement can be accessed via the following hyperlink:

https://www.asx.com.au/asxpdf/20200319/pdf/44g64rpp5fp9zy.pdf

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

Enquiries:

Notes to Editors:

is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.Metal Tiger plc

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: and Direct Projects.Direct Equities

invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its 3.69% interest in (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 in the Direct Projects Division.The Direct Equities DivisionSandfire Resources NL

is focused on the development of its key project interests in , Kalahari copper/silver belt through its interest in . 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.The Direct Projects DivisionBotswanaKalahari Metals Limited

Metal Tiger plc

Source:Metal Tiger plc

Michael McNeilly

 

(Chief Executive Officer)

   

Tel: +44 (0)20 7099 0738

Mark Potter

 

(Chief Investment Officer)

   

 

Richard Tulloch

James Dance

Jack Botros

 

Strand (Nominated Adviser)Hanson Limited

   

Tel +44 (0)20 7409 3494

Paul Shackleton

Steve Douglas

 

Arden Partners plc (Broker)

   

Tel: +44 (0)20 7614 5900

Gordon Poole

James Crothers

Monique Perks

 

Camarco (Financial PR)

   

Tel: +44 (0)20 3757 4980

Quick facts: Metal Tiger PLC

Price: 2.025

Market: AIM
Market Cap: £30.82 m
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on 20/4/20