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Full interview: Metal Tiger CEO: Sandfire acquisition of MOD Resources 'truly transformational for us'

Metal Tiger Plc's (LON:MTR) Michael McNeilly tells Proactive London's Andrew Scott they're set to become the new owner of just under 6.3mln new shares in Sandfire Resources (ASX:SFR) after a scheme of arrangement was approved by the Supreme Court of Western Australia.

Sandfire is acquiring all the issued shares of MOD Resources Ltd (LON:MOD)(ASX:MOD).

MOD is the owner of the sizeable T3 copper project in Botswana.

McNeilly also discusses recent developments with Kalahari Metals Ltd which has identified veinlet and disseminated sulphide copper mineralisation in drilling on its licences in Botswana.

To date, nine drill holes totalling 2,008 metres have been completed across two projects, Ngami and Okavango.

Quick facts: Metal Tiger PLC

Price: 1.33 GBX

AIM:MTR
Market: AIM
Market Cap: £20.29 m
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Metal Tiger's McNeilly details new funding arrangement and share buyback plans

Metal Tiger's (LON:MTR) Michael McNeilly discusses with Proactive London's Andrew Scott the plans around its share buyback programme.  MTR intends to buy back up to 155.9mln shares - equivalent to 10% of the current issued share capital of the company. McNeilly also talks through its...

on 19/12/19

2 min read