METAL TIGER PLC: Sandfire Resources Update (ASX:SFR)
January 29 2021 - 4:27AM
UK Regulatory
TIDMMTR
29 January 2021
Metal Tiger Plc
("Metal Tiger" or the "Company")
Sandfire Resources Update (ASX:SFR)
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed
investor in natural resource opportunities, is pleased to provide
an update in relation to its investment in Sandfire Resources
Limited ("Sandfire"). Sandfire has today released its quarterly
activities report to 31 December 2020 and associated
presentation.
Metal Tiger is currently interested in 6,296,990 Sandfire shares
representing approximately 3.5% of Sandfire's issued share capital.
As announced on 8 December 2020, 2,842,667of the Sandfire shares
held by the Company are subject to an equity derivative financing
arrangement with a global investment bank.
Links to Sandfire's quarterly activities report and associated
presentation can be found below:
Quarterly Report:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02334789-6A1017465?access_token=83ff96335c2d45a094df02a206a39ff4
Quarterly Report presentation:
https://www.sandfire.com.au/site/PDF/ce5931a2-2155-43a9-9cb6-f5f0e38a5f61/SandfireDecember2020QuarterlyReportPresentation
For further information on the Company, visit:
www.metaltigerplc.com:
Enquiries:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Mark Potter (Chief Investment Officer)
James Dance Strand Hanson Limited Tel +44 (0)20 7409 3494
Jack Botros (Nominated Adviser)
Georgia Langoulant
Paul Shackleton Arden Partners plc (Broker) Tel: +44 (0)20 7614 5900
Steve Douglas
Gordon Poole Camarco (Financial PR) Tel: +44 (0)20 3757 4980
James Crothers
Hugo Liddy
Notes to Editors:
Metal Tiger PLC is admitted to the AIM market of the London
Stock Exchange AIM Market ("AIM") 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. Metal Tiger has two investment divisions: Equity
Investments and Project Investments.
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. Through the
trading of equities and warrants, Metal Tiger seeks to generate
cash for investment for the Project Investments division.
Project Investments is focused on the development of its key
project interests in Botswana, where Metal Tiger has a growing
interest in the large and highly prospective Kalahari copper/silver
belt through its interest in Kalahari Metals Limited.
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/20210129005212/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2021
(END) Dow Jones Newswires
January 29, 2021 05:27 ET (10:27 GMT)
Metal Tiger (LSE:MTR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Metal Tiger (LSE:MTR)
Historical Stock Chart
From Apr 2023 to Apr 2024