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Metal Tiger PLC highlights exploration progress from Armada Metals at Nyanga

Published 14/11/2022, 11:54 pm
© Reuters.  Metal Tiger PLC highlights exploration progress from Armada Metals at Nyanga
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Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR) has noted ongoing progress from Armada Metals Limited at the Nyanga project in Gabon.

Metal Tiger holds 15mln Armada Shares, representing approximately 14.42% of Armada’s issued share capital.

In addition, Metal Tiger currently holds 3.3mln options over Armada shares, exercisable at a price of A$0.334 which expire on 30 December 2026.

Armada Metals says that modelling and a subsequent technical review of Natural Source Audio-Magnetotelluric and company exploration datasets have identified very strong apparent conductors that will be used to drive future drill programs at Nyanga.

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