23 Feb 2023 15:20
Metal Tiger plc
("Metal Tiger" or the "Company")
Southern Gold to Commence Drilling at Main Deokon Mine
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to note that Southern Gold Limited (ASX: SAU) (“Southern Gold”) has provided an update regarding drilling at its Deokon Au-Ag project (the “Deokon Project”) in South Korea. Southern Gold will commence drilling the first of two diamond drill holes for 500m next week at the largely untested extensions of the Deokon Main Mine at the Deokon Project.
This drilling represents the first holes drilled by Southern Gold at the Deokon Main Mine for 40 years, since previous drilling at the mine by South Korean government agency, KMPC.
Metal Tiger holds 57,402,696 Southern Gold Shares, representing approximately 19.1% of Southern Gold’s issued share capital.
A link to Southern Gold’s announcement, released today, is set out below:
https://www.southerngold.com.au/uploads/announcements/519/Drilling%20at%20Deokon%20to%20commence.pdf
For further information on the Company, visit www.metaltigerplc.com:
Enquiries:
Michael McNeilly | (Chief Executive Officer) | Tel: +44 (0)20 3287 5349 |
Mark Potter | (Chief Investment Officer) |
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James Dance Richard Johnson Robert Collins | Strand Hanson Limited (Nominated Adviser) | Tel +44 (0)20 7409 3494 |
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Simon Johnson Alexandra Campbell-Harris | Zeus Capital Limited (Broker) | Tel: +44 (0)20 7614 5900 |
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Gordon Poole Elfie Kent Rebecca Waterworth | Camarco (Financial PR) | Tel: +44 (0)20 3757 4980 |
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230223005746/en/
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