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Armada Metals Limited – Commencement of Mobile-Mt Survey at The Magmatic Nickelcopper Nyanga Project

LONDON, December 01, 2022--(BUSINESS WIRE)--

1 December 2022

Metal Tiger plc

("Metal Tiger" Or The "Company")

Armada Metals Limited – Commencement of Mobile-Mt Survey at The Magmatic Nickelcopper Nyanga Project

Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to note that Armada Metals Limited ("Armada") has announced the commencement of a one thousand five hundred line-kilometre airborne survey using the Expert Geophysics Limited’s Mobile Magnetotellurics system at its district-scale Nyanga Project in Gabon. Commencing yesterday, the system will be used to rapidly test potential concealed portions of the Libonga-Matchiti Trend and the highly prospective and untested Ngongo-Yoyo Trend.

Metal Tiger holds 15,000,000 Armada Shares, representing approximately 14.42% of Armada’s issued share capital. In addition, Metal Tiger currently holds 3,333,333 options over Armada Shares, exercisable at a price of $A0.334 which expire on 30 December 2026.

A link to Armada’s announcement, released today, is set out below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02605740-2A1417089?access_token=83ff96335c2d45a094df02a206a39ff4

For further information on the Company, visit www.metaltigerplc.com:

Michael McNeilly

(Chief Executive Officer)

Tel: +44 (0)20 3287 5349

Mark Potter

(Chief Investment Officer)

James Dance

James Harris

Robert Collins

Strand Hanson Limited (Nominated Adviser)

Tel +44 (0)20 7409 3494

Steve Douglas

Simon Johnson

Arden Partners plc (Broker)

Tel: +44 (0)20 7614 5900

Gordon Poole

James Crothers

Rebecca Waterworth

Camarco (Financial PR)

Tel: +44 (0)20 3757 4980

Notes to Editors:

Metal Tiger PLC is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") and the ASX Market of the Australian Securities Exchange Market ("ASX") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.

The Company's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector.

Equity Investments invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its interest in Sandfire Resources Limited (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO.

The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221201005560/en/

Contacts

Metal Tiger plc