4th Jul 2022 14:45
(Alliance News) - Metal Tiger PLC on Monday said investee Kalahari Metals Ltd appointed a new chief executive officer, and separately confirmed sulphite potential at Armada Metals's Nyanga project in Gabon.
Adam Wooldridge is Kalahari Metal's new CEO. "Adam is a founding partner of Kalahari Metals and has played an active role in developing the company’s exploration projects over the last five years," the company noted.
Metal Tiger owns a 21% stake in Cobre Ltd, which in turn holds a 51% stake in Kalahari Metals.
Meanwhile, Metal Tiger said Armada Metals Ltd confirmed sulphite potential at its Nyanga project in Gabon. Metal Tiger, a Winchester, England-based investment company focused on the natural resources sector, holds 14% of Armada's enlarged share capital.
"This is a significant development for our exploration for magmatic nickel-copper-platinum group element sulphides and for the scale of the Nyanga project," said Ross McGowan, managing director at Armada Metals. The magmatic sulphite potential extends for over 37 miles, Armada explained.
Metal Tiger shares were flat at 14.75 pence in London on Monday.
By Tom Budszus; [email protected]
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