Metal Tiger plc UK Regulatory Announcement: Sandfire Update

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LONDON–(BUSINESS WIRE)–

August 30, 2022

Metal Tiger plc

(“Metal Tiger” or the “Company”)

Sand Fire Update

Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to note that Sandfire Resources Limited (“Sandfire”) has today published today its financial results for the 2022 financial year.

Additionally, Sandfire Resources today announced the completion of a positive Definitive Feasibility Study (DFS) for the expansion of the 5.2 Mtpa Motheo copper project, including confirmation of the strong business case for the development of the A4 deposit and the expansion of Motheo processing. Plant.

Metal Tiger is interested in 7,036,953 Sandfire shares representing approximately 1.72% of the issued share capital of Sandfire. As previously announced, 2,842,667 of the Sandfire shares held by the Company are subject to an equity derivative financing agreement with a global investment bank.

A link to Sandfire’s financial results for fiscal year 2022 is shown below:

https://sfr.live.irmau.com/site/pdf/6e657b0e-f2eb-42a5-a3a4-1dd596c758b3/FY2022-Financial-Results-Announcement.pdf

A link to Sandfire’s Motheo Copper Project Expansion DFS is shown below:

https://sfr.live.irmau.com/site/pdf/58634ec7-4755-438a-b2d2-bd2c3d280cd4/Motheo-Copper-Project-Expansion-DFS.pdf

A link to Sandfire’s financial results for fiscal year 2022 and the DFS Motheo Expansion presentation is shown below:

https://sfr.live.irmau.com/site/pdf/73acbd1c-2845-434d-a2a1-62aab95fa0e7/FY22-Financial-Results-and-Motheo-Expansion-DFS-Presentation.pdf

For more information about the Company, visit: https://www.metaltigerplc.com/

Requests:

Michel McNeilly

(Chief executive officer)

Tel: +44 (0)20 7099 0738

Mark Potier

(Investment Director)

James Dance

James Harris

Robert Collins

Strand Hanson Limited (appointed adviser)

Tel +44 (0)20 7409 3494

Simon Johnson

Steve Douglas

Arden Partners plc (Broker)

Tel: +44 (0)20 7614 5900

Gordon Pool

James Crothers

Rebecca Waterworth

Camarco (financial PR)

Tel: +44 (0)20 3757 4980

Notes to editors:

Metal Tiger PLC is listed on the AIM Market of the London Stock Exchange AIM Market (“AIM”) and on the ASX Market of the Australian Securities Exchange Market (“ASX”) with the trading code MTR and invests in mining projects high potential with a focus on base, precious and strategic metals.

The Company’s objective is to provide a high return to shareholders by investing in largely undervalued and/or high potential opportunities in the mining 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, TSX and ASX, including its stake in Sandfire Resources Limited (ASX:SFR). The Company also considers selective opportunities to invest in private natural resource companies, generally where there is an identifiable path to IPO. Through stock and warrant trading, Metal Tiger seeks to generate investment cash for the Project Investments division.

Project investments is focused on developing its core project interests in Botswana, where Metal Tiger has a growing interest in the vast and highly prospective Kalahari Copper/Silver Belt through its stake in Kalahari Metals Limited.

The Company actively evaluates new investment opportunities on an ongoing basis and has access to a diversified portfolio 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 purchasing publicly traded equity, private financing and/or entering into a joint venture.

Category Code: MSCU

Sequence number: 978506

Received time (offset from UTC): 20220830T143619+0100

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