(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday, Augmentum Fintech and Tap Global on Monday, and not separately reported by Alliance News: Read More
(Alliance News) - Metal Tiger PLC on Wednesday said its portfolio company Southern Gold Ltd has applied for new exploration licenses for two areas of prospective rare earth element mineralisation. Read More
Metal Tiger PLC - investor in natural resources opportunities - Says it is in the best interest of the company and its shareholders to proceed with the cancelling of its shares trading on London's AIM market, without applying for admission of its shares to trading on the SFS or any other market in the UK. Will retain trading on the Australian Securities Exchange. Says this will result in the company having "greater flexibility" to manage its portfolio, allow it to implement its new investing policy and "better position it to pursue and achieve its investment objectives in the future by being able to trade in a more efficient manner". Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Metal Tiger PLC - AIM-listed investor in natural resource opportunities - Sells 70,000 shares in Sandfire Resources Ltd at an average price of AUD6.24 per share, or about GBP3.58, raising gross proceeds of about AUD1.1 million. This amounts to about GBP631,132. Of the net proceeds, Metal Tiger says AUD283,000 will be applied to reducing the outstanding loan balance on the AUD15 million margin lending and drawdown facility. AUD772,000 proceeds will be used for working capital and other investment opportunities, Metal Tiger adds. Read More
Metal Tiger PLC - AIM-listed investor in natural resource opportunities - Says Chief Investment Officer & Executive Director Mark Potter plans to step down in March, 2023. Potter was promoted to CIO in July 2018, after joining Metal Tiger in January 2017 as a non-executive director. Read More
Metal Tiger PLC - AIM-listed investor in natural resource opportunities - Notes Cobre Ltd, in which it holds a stake of around 21%, appoints Adam Wooldridge as new chief executive officer, effective immediately. Adds that Wooldridge is a founding partner of Kalahari Metals Ltd, in which Metal Tiger held a big stake until the end of November, when it sold its interest to Cobre. Metal Tiger says Wooldridge is a geophysicist and geologist with over 25 years experience in Africa, the Middle East and Europe. Read More
Metal Tiger PLC - AIM-listed investor in natural resource opportunities - Announces sale of 1.3 million shares in Sandfire Resources Ltd at AUD5.36 per share, raising approximately AUD6.9 million. Metal Tiger uses part of the proceeds to take up its pre-emptive rights in the retail component of Sandfire's entitlement offer, for an investment in 473,215 new shares at AUD4.3 per share worth AUD2.0 million. Metal Tiger says AUD1.0 million will be used for working capital, while the remaining AUD3.9 million will be used to reduce the outstanding loan balance to approximately AUD850,000. Read More
Metal Tiger PLC - AIM-listed investor in natural resource opportunities - Says that Cobre Ltd has announced that assay results from discovery hole NCP20A at the Comet Target at the Ngami Copper Project in Botswana have returned significant, high-grade copper-silver results. Metal Tiger says this demonstrates the potential for economic grades in the district. Assay results confirm visual copper mineralisation estimates, with grades averaging 1.25% copper and 17 grams per tonne of silver. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Metal Tiger PLC - Winchester, England-based investment company focused on natural resources sector - On Thursday says Armada Metals Ltd will start an airborne survey using the Mobile Magnetotellurics system at the Nyanga project in Gabon. Says 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". Read More
Metal Tiger PLC - Winchester, England-based investment company focused on natural resources sector - Read More
Metal Tiger PLC - Winchester, England-based investment company focused on natural resources sector - Says Cobre Ltd has made its sixth intersection of copper mineralisation from its ongoing drill programme at the Ngami copper project in Botswana. Says drill hole NCP12 intersects drill holes NCP08 and NCP11-B, which have delineated a compelling copper target with more than 4 kilometres of strike. It adds that the copper intersection in NCP12 provides confidence in the continuity of mineralisation along the extensive strike extent. Read More
Metal Tiger PLC - Winchester, England-based investment company focused on natural resources sector - Narrow widens significantly as movement in price of equity holdings turns negative due to macroeconomic uncertainty. Pretax loss in the six months to June 30 balloons to GBP9.4 million from GBP567,000 a year prior. Movement in fair value of fair value accounted equities is negative GBP9.7 million versus gain of GBP495,000 a year ago. Read More
Metal Tiger PLC - Winchester, England-based investment company focused on the natural resources sector - Notes Cobre Ltd, in which it holds a 21% stake, receives renewal of its five exploration licenses in Botswana, held by mineral exploration services firm Triprop Holdings Ltd, based in Botswana's capital Gaborone. The licenses are "subject to a binding earn-in agreement with Kalahari Metals Ltd," Metal Tiger explains. Metal Tiger has a 62% stake in Kalahari Metals, with Cobre owning the rest. Read More
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. Read More
Metal Tiger PLC - Winchester, England-based investment company focused on the natural resources sector - Notes Cobre Ltd, in which it holds a 21% stake, begins stage 1 infill diamond drilling at the Ngami Copper project and Kitlanya West project. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
Metal Tiger PLC - Winchester, England-based investment company focused on the natural resources sector - Notes Australian mineral exploration company Cobre announced the first intersection of significant copper mineralisation though the drill programme on the Ngami copper project in Botswana. Says the drill hole NCP07 intersected a broad zone of copper mineralisation starting from 214 meters and continuing for roughly 59 meters downhole to 273 meters. Read More