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Sandfire Resources Update (ASX: SFR)

--(BUSINESS WIRE)--  LONDON

27 August 2020

Metal Tiger plc

(“Metal Tiger” or the “Company”)

(ASX: SFR)Sandfire Resources Update

(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”).Metal Tiger plcSandfire Resources Limited

Sandfire has today released its financial results for the year ended full and announced a dividend per Sandfire share.30 June 2020A$0.14

Metal Tiger is currently interested in 6,296,990 Sandfire shares, representing approximately 3.5% of Sandfire’s issued share capital. As announced on , 2,609,887 of the Sandfire shares held by the Company are subject to an equity derivative financing arrangement with a global investment bank (the “Umbrella Facility”).31 July 2020

Accordingly, assuming that Metal Tiger maintains its current interest in Sandfire as at the record date (), Metal Tiger will receive approximately (approximately £283k) on , being the dividend due in respect of the Sandfire shares not subject to the Umbrella Facility. The balance of the dividend, being approximately due in respect of the Sandfire shares the subject to the Umbrella Facility, will reduce the outstanding balance due pursuant to the Umbrella Facility from to .15 September 202029 September 2020A$516kA$365kA$11.765mA$11.4m

Links to the Sandfire announcements released today are below:

Dividend/Distribution – SFR:
https://www.asx.com.au/asxpdf/20200827/pdf/44lyqqj9zb4t10.pdf

2020 Annual Financial Report and Appendix 4E:
https://www.asx.com.au/asxpdf/20200827/pdf/44lyq94x5jlwpp.pdf

2020 Full Financial Results Announcement:
https://www.asx.com.au/asxpdf/20200827/pdf/44lyqgw8kgz900.pdf

2020 Full Year Financial Results Presentation:
https://www.asx.com.au/asxpdf/20200827/pdf/44lyqlpgdp20zj.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.

END

Metal Tiger plc

Source:Metal Tiger plc

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: 23.3

Market: AIM
Market Cap: £35.72 m
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