Margin Lending Facility Update

LONDON, September 29, 2022--(BUSINESS WIRE)--

29 September 2022

Metal Tiger plc

("Metal Tiger" or the "Company")

Margin Lending Facility Update

Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, announces that, further to its announcements of 5 October 2021, 21 June 2022, and 24 June 2022, Metal Tiger has opted to extend the Margin Lending Facility for an additional 12 months (to 4 October 2023) for a fee of A$83,035.

The Company has settled the outstanding interest payments to 4 October 2022 to the amount of A$250,566. Furthermore, partially using the proceeds of the recent Cobre Limited disposal, as announced on 29 September 2022 earlier today, the Margin Lending Facility loan balance outstanding has been reduced to approximately A$4,682,000 (with no interest yet having accrued under the renewed facility).

The Margin Lending Facility agreement with a nominee of SC Lowy Primary Investments Ltd, is secured against Metal Tiger’s shares held in Sandfire Resources Limited ("Sandfire"), held under a tripartite sponsorship deed with an Australian broker.

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

For the year ended 30 June 2022, Sandfire reported net profit of US$109.4m. As at 30 June 2022, Sandfire reported net assets of US$1,665m.

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

Enquiries:

Michael McNeilly

(Chief Executive Officer)

Tel: +44 (0)20 7099 0738

Mark Potter

(Chief Investment Officer)

James Dance

James Harris

Robert Collins

Strand Hanson Limited (Nominated Adviser)

Tel +44 (0)20 7409 3494

Simon Johnson

Steve Douglas

Arden Partners plc (Broker)

Tel: +44 (0)20 7614 5900

Gordon Poole

James Crothers

Rebecca Waterworth

Camarco (Financial PR)

Tel: +44 (0)20 3757 4980

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.

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.

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Contacts

Metal Tiger plc