leadf
logo-loader
viewMetal Tiger PLC

Metal Tiger invests A$300,000 in Australian gold explorer Catalyst Metals

Metal Tiger has a diverse portfolio of exploration and development, and equity investments

Metal Tiger PLC -

Metal Tiger PLC (LON:MTR) has subscribed for 142,857 shares in Catalyst Metals Ltd (ASX:CYL) at a price of A$2.10 each, for a total investment of approximately A$300,000.

The investment comes as part of a wider A$18mln fundraise from Catalyst.

Following completion of the raise and a parallel share purchase plan to allow directors to participate Metal Tiger will hold around 0.15% of Catalyst's issued share capital.

Catalyst is a mineral exploration company which holds interests in advanced gold projects in Victoria, Australia. The company is planning major exploration programs in the Bendigo district in 2021, comprising around 80,000 metres of drilling.

This will include 30,000 metres of drilling focused on the Boyd's Dam project, targeting a planned maiden JORC Resource in 2021, and 50,000 metres drilling targeted at the Tandarra, Drummartin, Boort, Toolleen and Golden Camel projects, where high-grade gold mineralisation has been discovered.

Furthermore, Catalyst is seeking to acquire the Henty Gold Mine and associated Tasmanian exploration tenements from Diversified Minerals Pty Ltd.

Quick facts: Metal Tiger PLC

Price: 21.5 GBX

AIM:MTR
Market: AIM
Market Cap: £33.27 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Metal Tiger PLC named herein, including the promotion by the Company of Metal Tiger PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Metal Tiger on Kitlanya East copper-silver project progress and oncoming...

Metal Tiger PLC's (LON:MTR) Michael McNeilly catches up with Proactive London's Katie Pilbeam after reporting progress at the Kitlanya East copper-silver project in Botswana, operated by Kalahari Metals Ltd (KML). McNeilly explains the potential for the South Fold target to host copper-silver...

1 day, 8 hours ago

Cobre and KML Update

3 days, 12 hours ago

Investment into Palladium One

1 week, 2 days ago

Exercise of Warrants

1 week, 4 days ago

Exercise of Warrants

2 weeks, 5 days ago

2 min read