Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR) shares advanced strongly after Cobre Limited announced the first intersection of significant copper mineralisation from its ongoing drill programme on Kalahari Metals Limited’s Ngami Copper Project licenses.
Metal Tiger has a 21% stake in Cobre and its shares jumped 16% to 16.25p on the back of the news.
Cobre Executive Chairman and Managing Director, Martin Holland, said: “This new copper discovery represents a transformational moment for Cobre shareholders.”
He added “These results, which confirm the presence of significant copper mineralisation, validate the district scale opportunity of Cobre’s soon to be 100% owned, extensive licence package within the Kalahari Copper Belt.