MTR.L Regulatory News (MTR)

20 Oct 2022 11:42

20 October 2022

Metal Tiger plc

(“Metal Tiger” or the “Company”)

Sandfire Update

Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resources opportunities, is pleased to note that Sandfire Resources Limited (“Sandfire”) has announced encouraging copper-silver (Cu-Ag) assay results from recent and ongoing drilling at the A1 prospect, located 20km northeast of the company’s Motheo Copper Mine in the Kalahari Copper Belt (KCB) of Botswana.

In addition, Sandfire has published its September 2022 Quarterly Report and September 2022 Quarterly Report Presentation.

Metal Tiger is interested in 7,036,953 Sandfire Shares representing approximately 1.72% of Sandfire’s issued share capital. As previously announced, 2,842,667 of the Sandfire Shares held by the Company are subject to an equity derivative financing arrangement with a global investment bank.

A link to Sandfire’s Motheo A1 Satellite Prospect Exploration Update, announced today, is set out below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02584827-6A1116442?access_token=83ff96335c2d45a094df02a206a39ff4

A link to Sandfire’s September 2022 Quarterly Report, published today, is set out below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02584825-6A1116441?access_token=83ff96335c2d45a094df02a206a39ff4

A link to Sandfire’s September 2022 Quarterly Report Presentation, published today, is set out below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02584831-6A1116443?access_token=83ff96335c2d45a094df02a206a39ff4

For further information on the Company, visit www.metaltigerplc.com:

Notes to Editors:

Metal Tiger PLC is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") and the ASX Market of the Australian Securities Exchange Market ("ASX") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.

The Company's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector.

Equity Investments invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its interest in Sandfire Resources Limited (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO.

The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.

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