METAL TIGER PLC: Metal Tiger plc

TIDMMTR 
 
 

28 July 2022

Metal Tiger plc

("Metal Tiger" or the "Company")

Sandfire - MATSA Copper Operations Ore Reserve Update and June Quarterly Report

Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resources opportunities, is pleased to announce that Sandfire Resources Ltd ("Sandfire") has reported an updated Ore Reserve estimate for the MATSA Copper Operations, located in the Iberian Pyrite Belt in southern Spain, totalling 37.1Mt at 1.6% Cu, 2.6% Zn, 0.8% Pb and 36.1g/t Ag containing an estimated 593Kt of copper, 975Kt of zinc, 286Kt of lead and 43.0Moz of silver with an estimated Net Smelter Return (NSR) of US$116/t (using an NSR cut-off).

In addition, Sandfire today published its June 2022 Quarterly Report and June 2022 Quarterly Report Presentation. A teleconference and live webcast on Sandfire's June 2022 Quarterly Report will be held for the investment community at 10.00am (AWST) / 12.00pm (AEST) today.

Metal Tiger is interested in 7,057,057 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 MATSA Copper Operations Ore Reserve Update, announced today, is set out below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02546211-6A1101494?access_token=83ff96335c2d45a094df02a206a39ff4

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

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02546208-6A1101493?access_token=83ff96335c2d45a094df02a206a39ff4

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

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02546212-6A1101495?access_token=83ff96335c2d45a094df02a206a39ff4

The live webcast of the teleconference and synchronised slide presentation will also be available by clicking here.

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

 
Michael McNeilly     (Chief Executive Officer)        Tel: [phone] 
Mark Potter          (Chief Investment Officer) 
 
James Dance          Strand Hanson Limited            Tel [phone] 
 James Harris        (Nominated Adviser) 
 Charlie Hammond 
 
Steve Douglas        Arden Partners plc (Broker)      Tel: [phone] 
 Simon Johnson 
 
Gordon Poole         Camarco (Financial PR)           Tel: [phone] 
 James Crothers 
 Rebecca Waterworth 
 

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/20220728005593/en/

 
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Metal Tiger plc

 
    SOURCE: Metal Tiger plc 
Copyright Business Wire 2022 
 

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July 28, 2022 07:53 ET (11:53 GMT)