Aim-listed Metal Tiger has invested a further $1.1-million into Botswana-focused explorer, Kalahari Metals.
The investment will be satisfied from existing cash resources.
The additional funds will enable Kalahari to complete its planned first round drilling at both the Ngami and the Okavango copper projects.
The cutting of access tracks for the 2 100 m diamond drill programme started, on schedule, on May 27, with the mobilisation of drill rigs planned for the coming week.
“We are delighted that Kalahari is now fully funded to commence the first round of drilling at the Ngami and Okavango copper projects and we look forward to initial drill results,” Metal Tiger CEO Michael McNeilly commented in a statement on Friday.
“This additional funding will also allow Kalahari to plan further work programmes over its licence holdings and we will make further updates in due course. The Kalahari Copperbelt is highly prospective and we are confident that continued exploration work in the region will potentially result in new, exciting copper discoveries,” he added.