TIDMMTR

29 April 2021

Metal Tiger plc

("Metal Tiger" or the "Company")

Southern Gold Update

Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to note Southern Gold Limited's ("Southern Gold") release of its quarterly activities report and Appendix 5B.

Metal Tiger is currently interested in 37,794,000 Southern Gold shares, representing approximately 17.72% of the company, and 7,284,500 2-year A$0.18 warrants.

Highlights:

   -- Commercial negotiations continued regarding the settlement of Southern 
      Gold's sale of 50% Joint Venture interests in the Gubong and Kochang 
      Projects for a price of US$9.945 million, as determined by an independent 
      expert. Discussions are in an advanced stage and an update to the market 
      expected in the coming quarter. 
 
   -- Strong focus on field work in South Korea during the post-winter field 
      season to build up future drill targets. 
 
   -- Deokon Project (SAU 100%): Soil sampling program completed over the 
      northern Golden Surprise trend has confirmed the Au-Ag mineralised trend 
      extends at least one kilometre in strike length and remains open. 
 
   -- Geum Mar Project (SAU 100%): One initial scout diamond hole totalling 
      204.9m drilled targeting beneath the Golden Horse quarry, assays pending. 
      Extensive soil sampling program commenced. 
 
   -- Aphae Project (SAU 100%): 543m of diamond drilling completed with peak 
      assay result of 0.47m @ 1.41g/t Au, 152g/t Ag, 0.58% Pb and 0.86% Zn from 
      109.3m. Peak assay results from surface sampling to the northeast of the 
      drilling area were 3.1g/t Au and 131g/t Ag. 
 
   -- Weolyu Project (SAU 100%): Extensive rehabilitation of drill pads and 
      track completed.

Links to Southern Gold's announcement released today are set out below:

Quarterly Activities Report and Appendix 5B

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02368567-2A1295034?access_token=83ff96335c2d45a094df02a206a39ff4

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) 
James Dance          Strand Hanson Limited            Tel +44 (0)20 7409 3494 
 Georgia Langoulant  (Nominated Adviser) 
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/20210428006254/en/

 
    CONTACT:

Metal Tiger plc

 
    SOURCE: Metal Tiger plc 
Copyright Business Wire 2021

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April 29, 2021 02:29 ET (06:29 GMT)

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