Southern Gold Update


Metal Tiger plc

(“Metal Tiger” or the “Company”)

Southern Gold Update

Metal Tiger plc (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 Ausino Drilling Services Pty Ltd (“ADS”) in support of the delivery of mineral exploration drilling services in South Korea.

Highlights of Southern Gold’s announcement include:

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

Southern Gold’s full announcement can be found here:

For further information on the Company, visit:


Michael McNeilly

(Chief Executive Officer)

Tel: +44 (0)20 7099 0738

Mark Potter

(Chief Investment Officer)


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

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.

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.

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

Category Code: MSCL
Sequence Number: 707083
Time of Receipt (offset from UTC): 20200824T105919+0100


Metal Tiger plc


Metal Tiger plc