viewMetal Tiger PLC

Investment in Geopacific Resources Limited (ASX:GPR)


Metal Tiger Plc

("Metal Tiger" or the "Company")

Investment in Geopacific Resources Limited (ASX:GPR)

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 952,354 shares in Geopacific Resources Limited (“Geopacific”), at a price of per share, for a total investment of (approximately £226k), as part of Geopacific’s two tranche placement (the “Fundraise”). Metal Tiger subscribed for 122,185 shares in Tranche 1 and 830,196 shares in Tranche 2 of the Fundraise. Tranche 2 shares will be issued subject to shareholder approval, which will be sought in early . Following completion of the Fundraise, Metal Tiger will be interested in 952,354 shares in Geopacific, representing circa 0.19% of Geopacific’s issued share capital.A$0.42A$399,988.68A$140 millionFebruary 2021

Geopacific is an ASX quoted gold-copper development company. Its primary focus is the development of the 1.6Moz Woodlark Gold Project in . The company is targeting first gold production for the end of Q4 CY 2022. Geopacific are close to finalising in project finance funding from Sprott. The project has a post-tax NPV8 of (approximately ) and an IRR of 34% at a gold price of /oz.Papua New GuineaUS$100 millionA$347 millionUS$253 millionA$2,200

For the 12 months ending , Geopacific reported a net loss of and, as at , reported net assets of .31 December 201930 June 2020A$7.53 millionA$67.86 million

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


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.

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.Equity Investments

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 Kalahari Metals Limited.Project InvestmentsBotswana

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

Michael McNeilly

Mark Potter

(Chief Executive Officer)

(Chief Investment Officer)

Tel: +44 (0)20 7099 0738

Richard Tulloch

James Dance

Jack Botros

Strand Hanson Limited (Nominated Adviser)

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: -

Market: AIM
Market Cap: -

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