RE: SFR ANNs 1/2/3/417 Apr 2020 12:43
RNS
Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:
“Sandfire’s A4 drilling results from Tshukudu are very encouraging and we look forward to drilling resuming in Botswana, both for Sandfire and Kalahari Metals.Kalahari Metals, in which Metal Tiger has a 62.2% interest, has tenements located near T3 and A4 and we believe to be in the right stratigraphy.We note Sandfire is working towards a maiden resource for A4 and, should this be delivered, as well as the results of wider exploration drilling by Sandfire, particularly over tenements which are subject to our Royalty, this would likely have a material impact on the valuation of the Royalty. When looking at the T3 resource and development profile we are very excited about the potential of A4.”