viewSouthern Gold Limited

Southern Gold strengthens board with Metal Tiger CEO appointment

Backed by a first-class technical team, the company’s aim is to find world-class epithermal gold-silver deposits in a jurisdiction that has seen very little modern exploration.

Southern Gold Limited - Southern Gold appoints current Metal Tiger Plc CEO to the board
Southern Gold also holds a 50% equity interest in a company operated by JV partner, London-listed Bluebird Merchant Ventures

Southern Gold Ltd's (ASX:SAU) board has been strengthened through the appointment of current Metal Tiger PLC chief executive officer Michael McNeilly.

This appointment follows the diversified resources investment group's recent participation in Southern Gold's A$4 million equity raising.

McNeilly has extensive experience in listed companies and is currently also a non-executive director of ASX-listed Cobre Ltd (ASX:CBE).

Board experience

He sits on several private company boards within the Metal Tiger group with previous appointments including MOD Resources Ltd,  Metal Capital Ltd, Greatland Gold PLC and Connemara Mining Plc.

McNeilly also has a deep understanding of the equity capital markets having worked at broking houses Arden Partners Plc and Allenby Capital Ltd where he was part of their corporate finance teams during 2011-2015.

With his background in business, finance and the management of various listed companies, it is expected he will make significant contributions to the company’s corporate development and equity capital markets strategy.

Metal Tiger has "keen eye"

Southern Gold chairman Greg Boulton said: “I am very pleased to welcome someone of Michael’s calibre to the board of Southern Gold.

“Metal Tiger was an excellent supporter of the last capital raising, especially given the turbulent markets due to COVID-19, and I look forward to the future strategic support that an institutional investor such as Metal Tiger can bring.

“They have a keen eye for an excellent new discovery opportunity and are in alignment with Southern Gold’s vision of South Korea as a very high-quality country play.”

“Significant first-mover advantage”

Metal Tiger chief executive officer Michael McNeilly said: “I am very pleased to join the board of Southern Gold.

“At Metal Tiger we strongly believe in the technical and jurisdictional merits which Southern Gold have exemplified with their methodical approach to exploration as well as their team’s ability to identify, map and permit new targets in South Korea.

“I believe that they have a significant first-mover advantage in what is a largely underexplored country for epithermal and intrusion-related gold prospects.

Quick facts: Southern Gold Limited

Price: 0.16 AUD

Market: ASX
Market Cap: $20.53 m

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