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Metal Tiger PLC - Winchester, England-based investment company focused on the natural resources sector - On Tuesday notes Cobre Ltd, in which it holds a 21% stake, finds ‘significant’ copper intersection at the Ngami Copper Project in Botswana. Says drill hole NCP10 intersected a broad 69 metres zone of copper mineralisation with a 13 metres zone of ‘abundant chalcocite mineralisation’. It is centred at 310 metres downhole. Chalcocite is a copper ore mineral.
The project is owned by Kalahari Metals Ltd. Metal Tiger a 62% stake in KML, with Cobre owning the rest.
Current stock price: 16.24 pence, down 3.0% in London on Wednesday; stock closed down 4.3% at 16.75p on Tuesday
12-month change: down 43%
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