Sandfire - 147Mt Mineral Resource sets strong foundation for optimisation and long-term growth at MATSA

·2 min read

LONDON, June 30, 2022--(BUSINESS WIRE)--

30 June 2022

Metal Tiger plc

("Metal Tiger" or the "Company")

Sandfire - 147Mt Mineral Resource sets strong foundation for optimisation and long-term growth at MATSA

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") reported an updated Measured, Indicated and Inferred Mineral Resource Estimate for the MATSA mining operations, located in the Iberian Pyrite Belt in southern Spain, totalling 147.2Mt at 1.4% Cu, 3.0% Zn, 1.0% Pb and 39.6g/t Ag containing an estimated 2.1Mt of copper, 4.4Mt of zinc, 1.5Mt of lead and 187.6Moz of silver.

Metal Tiger is interested in 7,087,057 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 Site Tour Information Pack, published today, is set out below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02536902-6A1097705?access_token=83ff96335c2d45a094df02a206a39ff4

A link to Sandfire’s release, announced today, is set out below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02536659-6A1097631?access_token=83ff96335c2d45a094df02a206a39ff4

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

Michael McNeilly

(Chief Executive Officer)

Tel: +44 (0)20 3287 5349

Mark Potter

(Chief Investment Officer)

James Dance

James Harris

Charlie Hammond

Strand Hanson Limited (Nominated Adviser)

Tel +44 (0)20 7409 3494

Steve Douglas

Simon Johnson

Arden Partners plc (Broker)

Tel: +44 (0)20 7614 5900

Gordon Poole

James Crothers

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/20220630005395/en/

Contacts

Metal Tiger plc