METAL TIGER PLC: Sandfire Update

TIDMMTR 
 
 

24 January 2023

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 that recent underground drilling at its MATSA Copper Operations in south-western Spain has delineated a new zone of volcanic massive sulphide copper-zinc-silver mineralisation adjacent to the Aguas Teñidas Mine. Sandfire has today also released its December 2022 Quarterly Report and December 2022 Quarterly Report Presentation.

Following the disposal announced on 13 January 2023, Metal Tiger has 4,400,000 Sandfire Shares within the Margin Lending and Drawdown Facility against an outstanding loan balance of A$7.304m and Metal Tiger will be interested in 5,567,542 Sandfire Shares, representing approximately 1.22% of Sandfire's issued share capital. 1,167,542 Sandfire Shares will be secured under the equity derivative financing arrangement with a global investment bank.

A link to Sandfire's announcement, released today, is set out below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02623404-6A1132776?access_token=83ff96335c2d45a094df02a206a39ff4

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

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02623405-6A1132777?access_token=83ff96335c2d45a094df02a206a39ff4

A link to Sandfire's December 2022 Quarterly Report presentation, released today, is set out below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02623407-6A1132778?access_token=83ff96335c2d45a094df02a206a39ff4

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

Enquiries:

 
Michael McNeilly       (Chief Executive Officer)      Tel: [phone] 
Mark Potter            (Chief Investment Officer) 
 
James Dance            Strand Hanson Limited          Tel [phone] 
 Richard Johnson       (Nominated Adviser) 
 Robert Collins 
 
Steve Douglas          Arden Partners plc (Broker)    Tel: [phone] 
 Simon Johnson 
 
Gordon Poole           Camarco (Financial PR)         Tel: [phone] 
 Elfie Kent 
 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/20230124005555/en/

 
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Metal Tiger plc

 
    SOURCE: Metal Tiger plc 
Copyright Business Wire 2023 
 

(END) Dow Jones Newswires

January 24, 2023 04:00 ET (09:00 GMT)