METAL TIGER PLC: Metal Tiger plc
July 28 2022 - 6:53AM
UK Regulatory
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: +44 (0)20 3287 5349
Mark Potter (Chief Investment Officer)
James Dance Strand Hanson Limited Tel +44 (0)20 7409 3494
James Harris (Nominated Adviser)
Charlie Hammond
Steve Douglas Arden Partners plc (Broker) Tel: +44 (0)20 7614 5900
Simon Johnson
Gordon Poole Camarco (Financial PR) Tel: +44 (0)20 3757 4980
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/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2022
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