(last updated 11th October 2022)

The unaudited portfolio value ("PV") (based on investments and cash only) at 30 September 2022 was0.12 pence (30 June 2022 - 0.15 pence), both per ordinary share.

Name

Number of shares

Share price

Valuation

African Pioneer plc (Note 2)

8,810,056

0.0225

198,226

Bezant Resources Plc

83,870,371

0.0007

58,709

Caerus Mineral Resources Plc

1,000,000

0.0225

22,500

Corallian Energy Limited

13,618

N/A

20,427

Galileo Resources plc

6,516,667

0.0130

84,716

Goldquest Mining Corp

173,500

0.1450

25,158

Jubilee Metals Group plc

869,600

0.1170

101,743

Kendrick Resources Plc (Note 3)

83,000

0.0145

1,208

Total Investments

512,687

Cash

34,120

Total Cash and Investments

546,807


NOTES:

  1. The above PV calculation is based on 443,442,308 Ordinary shares with a nominal value of 0.1 pence each being the Company's issued share capital of 447,942,308 Ordinary Shares less 4,500,000 Ordinary Shares held in treasury.
     
  2. African Pioneer Plc's ("APP") shares comprising 189,459,550 ordinary shares of zero par value each in the capital ofthe company were admitted to the Official List (Standard Segment) and to trading on the Main Market for listed securities of the London Stock Exchange on 1 June 2021. Tiger's current holding in APP is 8,810,056 OrdinaryShares representing a 4.65% interest in APP following Admission.
     
  3. Kendrick Resources Plc ("Kendrick") (previously BMR Group Plc), a mineral exploration and development company, with projects in Scandinavia announced on 6 May 2022 that its entire issued ordinary share capital consisting of 219,511,616 ordinary shares of £0.0003 were admitted to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities. Kendrick has entered into agreements to acquire interests in the following Projects from Pursuit Minerals Limited's ("Pursuit").

    1. the Koitelainen, Karhujupukka North and Karhujupukka South projects in Finland;
    2. the Airijoki, Kullberget, Sumassjon, Kramsta and Simesvallen projects in Sweden; and
    3. the Hosanger, Espedalen and Sigdal projects in Norway,
      (together, the "Nordic Projects").

    The Nordic Projects comprise vanadium projects in Sweden and Finland which are owned by Pursuit consist of well drilled tonnages of vanadium ore, estimated at approximately 160 million tonnes. The Norwegian projects are fornickel and are under an option agreement with Eurasian Minerals Sweden AB and have been partially explored with reconnaissance programmes indicating the potential for strike extension.
     

  4. All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments at 31 December 2022. The Company will disclose its investments on a quarterly basis when disclosingits PV.