28th Apr 2021 16:54
Metal Tiger PLC - AIM-listed investor in natural resource opportunities - Notes 3.5% investee Sandfire Resources Ltd first quarter update. Degrussa operation in Australia sees 16,803 tonnes of contained copper production in first quarter with 9,100 ounces of gold. Degrussa set to meet upper ends of production guidance. Thsukudu project in Botswana has started sterilisation drilling as well as clearing for a 15km access road and for the construction of a 200-person camp. Thsukudu T3 project mining licence expected to be awarded in third quarter.
"Regional exploration across the Kalahari Copper Belt is also moving into top gear, both within the Motheo Expansion Area and further afield, including across our licences in Namibia," says Sandfire Chief Executive Karl Simich.
Current stock price: 21.82 pence, up 2.7%
Year-to-date change: down 6.2%
By Greg Roxburgh; [email protected]
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