Metal Tiger plc UK Regulatory Announcement: Sandfire – 147 Mt of Mineral Resources provide solid foundation for MATSA’s long-term optimization and growth

June 30, 2022

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LONDON–(BUSINESS WIRE)–

June 30, 2022

Metal Tiger plc

(“Metal Tiger” or the “Company”)

Sandfire – 147Mt Mineral Resource lays solid foundation for MATSA’s long-term optimization and growth

Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to announce that Sandfire Resources Ltd (“Sandfire”) has published an updated estimate of the Measured, Indicated and Inferred Mineral Resources for the MATSA mining operations, located in the Iberian Pyrite Belt in southern Spain, totaling 147.2 Mt grading 1.4% Cu, 3.0% Zn, 1.0% Pb and 39.6 g/t Ag containing approximately 2.1 Mt copper, 4.4 Mt zinc, 1.5 Mt lead and 187.6Moz silver.

Metal Tiger is interested in 7,087,057 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 MATSA Copper Operations site visit information pack, released today, is shown below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02536902-6A1097705?access_token=83ff96335c2d45a094df02a206a39ff4

A link to the Sandfire release, announced today, is shown below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02536659-6A1097631?access_token=83ff96335c2d45a094df02a206a39ff4

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

Michel McNeilly

(Chief executive officer)

Tel: +44 (0)20 3287 5349

Mark Potier

(Investment Director)

James Dance

James Harris

charlie hammond

Strand Hanson Limited (appointed adviser)

Tel +44 (0)20 7409 3494

Steve Douglas

Simon Johnson

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 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.

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.

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: 918519

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