Metal Tiger invests in West African gold explorer

Metal Tiger PLC (LON:MTR) has taken a 0.3% stake in Predictive Discovery Limited, a West African focused gold explorer.

The AIM-listed has subscribed for around 2.68mln shares in a placing currently being undertaken by ASX-listed Predictive to raise A$10.6mln at a price of 5.6c.

Predictive has recently started the second phase of its drilling programme at its flagship Bankan Project in Guinea’s Siguiri Basin.

The Bankan Project comprises the NE Bankan Prospect, a 1.6km long auger gold trend, Bankan Creek, a second prospect, located 3km southwest of NE Bankan.