Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR) said investee Armada Metals Ltd (ASX:AMM) has started drilling at the Nyanga project in Gabon.
A diamond drilling programme of up to 3,000 metres will target Armada’s highest priority nickel-copper targets along the Libonga-Matchiti Trend at the project. The Phase 1 drilling programme is scheduled to take up to three months to complete.
AIM-traded Metal Tiger holds a 14.4% stake in Armada.
Shares in the natural resources investor were up 11% in early trading.