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Southern Gold Update

--(BUSINESS WIRE)--  LONDON

Metal Tiger plc

(“Metal Tiger” or the “Company”)

Southern Gold Update

(AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, notes Southern Gold Limited (“Southern Gold”), in which Metal Tiger owns an approximate 17.1% equity interest, has published an update with regard to it entering into a strategic partnership agreement with (“ADS”) in support of the delivery of mineral exploration drilling services in .Metal Tiger plcAusino Drilling Services Pty LtdSouth Korea

Highlights of Southern Gold’s announcement include:

Southern Gold’s full announcement can be found here:

https://www.asx.com.au/asxpdf/20200824/pdf/44lt6bqst58mc9.pdf

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

Enquiries:

Notes to Editors:

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.Metal Tiger PLC

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.

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 (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.Equity InvestmentsSandfire Resources Limited

is focused on the development of its key project interests in , where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in .Project InvestmentsBotswanaKalahari 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.

Metal Tiger plc

Source:Metal Tiger plc

  • Legal agreement executed to support the provision of drilling services into to the value of ;South KoreaUS$4.4 million
  • Subject to Southern Gold shareholder approval, ADS to be issued 10,000,000 performance rights at per right (/share equivalent) for ; andUS$0.11A$0.155US$1.1 million
  • Performance rights will vest when offset against 25% of the value of invoices as they are presented by ADS on provision of the services.

Michael McNeilly

(Chief Executive Officer)

Tel: +44 (0)20 7099 0738

Mark Potter

(Chief Investment Officer)

 

Richard Tulloch

James Dance

Jack Botros

Strand (Nominated Adviser)Hanson Limited

Tel +44 (0)20 7409 3494

Paul Shackleton

Steve Douglas

Arden Partners plc (Broker)

Tel: +44 (0)20 7614 5900

Gordon Poole

James Crothers

Hugo Liddy

Camarco (Financial PR)

Tel: +44 (0)20 3757 4980

Quick facts: Metal Tiger PLC

Price: 20.75

Market: AIM
Market Cap: £31.81 m
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