MTR Metal Tiger Plc

TIDMMTR 
 
 

2 September 2022

Metal Tiger plc

("Metal Tiger" or the "Company")

Southern Gold Update

Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to note that Southern Gold Limited ("Southern Gold") has published preliminary assay results on the progress of its exploration program in South Korea.

Following a major data compilation and targeting study, several promising Brownfields and Greenfields projects have been added to the portfolio, including 4 new Brownfields projects containing, or adjacent to, historic gold mines. As of 31 July 2022, Southern Gold has lodged 71 new licence applications, increasing its total exploration licenses under application and granted to 153, covering an area of 429sq km.

Metal Tiger is interested in 40,794,000 Southern Gold shares, representing approximately 19.1% of Southern Gold's issued share capital, and 7,284,500 2-year A$0.18 warrants.

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

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02563338-2A1396006?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 
 Robert Collins      (Nominated Adviser) 
Simon Johnson        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 
 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. 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/20220902005165/en/

 
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Metal Tiger plc

 
    SOURCE: Metal Tiger plc 
Copyright Business Wire 2022 
 

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September 02, 2022 08:25 ET (12:25 GMT)

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