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.