Silver Tiger Metals

Primary tickers: AIM:SRB, TSX:SBI, OTC:SRBIF
Stage of development: Exploration, Development, Production
Primary mineral: Gold
Project to promote: Palito, Coringa
Project location: Brazil
Website: www.serabigold.com

Serabi Gold plc is a gold producer focused on the prolific Tapajos region in Para State, northern Brazil. The Company has produced 30-40koz per year since 2015 from the Palito Complex and is in the process of doubling production through the low cost, low risk development of the Coringa Project. Serabi has excellent exploration potential and has identified a number of highly prospective additional gold exploration targets within its tenements. It also has exposure to copper opportunities having discovered the Matilda Cu-Mo-Au porphyry in 2022 and has since identified additional Cu porphyry targets.

Cash: USD$11.5M
Debt: USD$6.5M

Major shareholders:

Fratelli Investments Limited – 25.5%

Greenstone Resource II LP – 25.2%

River & Mercantile Asset Management LLP -3.2%

Premier Miton Group PLC – 4.7%

Kave Sigaroudinia – 4.2%

Directors – 0.2%

Financials

Management Profile

Clive Line, Finance Director

Clive Line, Finance Director is a a Chartered Accountant and has been involved in mining and other natural resources companies since 1987, for a variety of exploration and development and production projects in Africa, Europe, the former Soviet Union and South America. He has overseen the successful growth and development of Serabi in recent years.

What is your rationale for taking part in 121 Mining Investment?

Serabi is in the process of developing the Coringa Gold Project which will double annual production by 2026 for very low capex which is being financed from current cash-flow. Coupled with this, we discovered the Matilda Cu-Au-Mo porphyry with the first three drill holes into the target in 2022 which led to an exploration JV with Vale. Drilling and other exploration activity across the tenement package through 2023 and 2024 has resulted in further gold and copper targets identified.

What recent news would you like to highlight to investors attending?

17 July 2024 – On track to meet annual guidance – Q2 Production and Operational Review
30 May 2024 – Q1 Financial Results
29 April 2024 – Audited results for 2023
17 April 2024 – Q1 Production and Operational Review
31 January 2024 – Mining license at Coringa renewed for a further three years
29 January 2024 – 2023 Production Results and Operating Highlights
19 Dec 2023 – Matilda Copper Project – Exploration results confirm project potential
21 November 2023 – Serabi significantly extends mine life at the Palito Complex as new 43-101 is published.
19 October 2023 – Serabi secures award for its Community Engagement
7 September 2023 – Matilda Copper Project exploration update
31 July 2023 – Agreement with indigenous communities- Coringa project

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Complete updated PEA for the current production plan for Coringa
Complete installation of crushing and ore sorting plant at Coringa and put into operation for Q4 2024.

6 Months:

Maintain strong production at Palito and Coringa and progress brownfield exploration programmes for both operations.

12 Months:

Continued ramp up at Coringa and deliver results from brownfield exploration programme with continued growth of mineral resources

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Completing installation and commissioning of Crushing Plant and Ore Sorter will open door to allowing Cotinga to reach full potential. The ore sorter has been pre-tested and is “Plug and Play”.

What do you think makes your company such a compelling investment?

Low cost, low risk doubling of production from a stable base with exceptional exploration upside.

What are the top 3 key investor takeaways?

1. Producer with stable track record
2. Doubling production in near term
3. Significant exploration upside