Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR), the AIM-listed investment company focused on the natural resources sector, has noted investee Cobre Limited’s 2022 interim report released today.
Cobre reported a net loss, after providing for income tax, of A$749,000 (£411,000) for the half-year ended 31 December 2022, down from A$3.7mln in 2021.
Cash and cash equivalents increased threefold to A$8mln.
During the reporting period, a total 7,750m of diamond drilling was successfully completed, and within the planned exploration budget.
Metal Tiger holds 53,656,803 Cobre shares, representing approximately 19.29% of Cobre’s enlarged share capital.