Investment in Catalyst Metals Limited

21 December 2020

Metal Tiger Plc

("Metal Tiger" or the "Company")

Investment in Catalyst Metals Limited (ASX:CYL)

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 142,857 new ordinary shares in Catalyst Metals Limited (ASX:CYL) ("Catalyst"), at a price of A$2.10 per share, for a total investment of approximately A$300k (approximately £170k), as part of Catalyst's A$18 million placement (the "Fundraise"). Catalyst is also looking to undertake a Share Purchase Plan ("SPP") to raise approximately an additional A$2 million from existing shareholders and it is noted that Catalyst's Directors intend to participate in the SPP to the maximum extent possible. Following completion of the Fundraise and the SPP, Metal Tiger will be interested in 142,857 shares in Catalyst, representing circa 0.15% of Catalyst's issued share capital.

Catalyst is a mineral exploration company which holds interests in advanced gold projects in Victoria, Australia. The company is planning major exploration programs in the Bendigo district in 2021, comprising circa 80,000m of drilling across their high-grade Victorian gold projects. This will include 30,000m drilling focused on the Boyd's Dam project, targeting a planned maiden JORC Resource in 2021, and 50,000m drilling targeted at the Tandarra, Drummartin, Boort, Toolleen and Golden Camel projects, where high-grade gold mineralisation has been discovered. Furthermore, Catalyst is seeking to acquire the Henty Gold Mine and associated Tasmanian exploration tenements from Diversified Minerals Pty Ltd.

For the 12 months ending 30 June 2020, Catalyst reported a net loss of approximately A$1.75 million and, as at 30 June 2020, reported net assets of A$22.68 million.

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

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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.