Metal Tiger builds its portfolio across wide range of projects
- Metal Tiger notes standout intersection on Kalahari licence
- Metal Tiger CEO talks Botswana drilling and value in 'refreshed' portfolio
Quick facts: Metal Tiger PLC
Price: 25 GBX
Market Cap: £41.68 m
About the company
Metal Tiger PLC is an investment company focussed on the natural resources sector.
The company focuses on project investments, equity investments and holds a small portfolio of royalties.
How it is doing
The hole was 1.2km southwest of the recently upgraded A4 Mineral Resource.
Metal Tiger has a 2% uncapped net smelter royalty over 8,000 sq km of Sandfire's licence holdings in the Kalahari Copper Belt including the project area that hosts the A4 deposit.
The junior also holds approximately 3.4% of Sandfire’s issued share capital.
Australian mining and exploration company Sandfire today posted a record net profit for the year to end June 2021, helped by strong copper prices, and declared a A$0.26 (£0.14) dividend per share.
What management says
Metal Tiger PLC (AIM:MTR)'s Michael McNeilly speaks to Proactive's Andrew Scott following the recent announcement from Sandfire Resources of a standout intersection from 439m down-hole of 45m at 2.2% copper. The hole was 1.2km southwest of the recently upgraded A4 Mineral Resource. Metal Tiger has a 2% uncapped net smelter royalty over 8,000 sq km of Sandfire's licence holdings in the Kalahari Copper Belt including the project area that hosts the A4 deposit. McNeilly also discusses where he sees value in the current newer looking portfolio following a few months of new investments and increased corporate activity.
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