The hiring of Mr. Adam Wooldridge as Chief Executive Officer of Kalahari Metals Limited (“KML”) and the formation of a new exploration team has been welcomed by Metal Tiger, the AIM and ASX listed investor in natural resource potential.
Following Cobre’s recent announcement about the acquisition of the remaining 49 percent shareholding in KML, the Company thinks that these appointments constitute an exciting move for both Cobre Limited (“Cobre”) and KML (announced 16 June 2022).
Adam is a founding partner of KML and has actively contributed over the past five years to the development of the company’s exploration programmes.
Approximately 21% of Cobre’s issued share capital, or 34,764,096 shares, are the subject of Metal Tiger’s current investment.
Currently, Cobre’s fully owned subsidiary, Cobre Kalahari Pty Ltd, owns a 51 percent stake in KML.
In Botswana, where Metal Tiger has a growing stake in the vast and extremely promising Kalahari copper/silver belt thanks to its ownership of Kalahari Metals Limited, Project Investments is concentrated on the development of its core project interests.
The Company continuously actively evaluates new investment opportunities and has access to a diversified pipeline of new opportunities in the mining and natural resources industries.
Metal Tiger may invest in a project or entity by purchasing publicly traded shares, by raising money privately, or by forming a joint venture if pipeline potential are assessed to be sufficiently alluring.
