Business
Operational Update to November 2013
Operational Update to November 2013.
About this update from Metals Exploration Plc
[{"type":"text","content":"\n \nRNS Number : 6643U Metals Exploration PLC 04 December 2013 \n\nMETALS EXPLORATION PLC\n \nOPERATIONAL UPDATE TO 25 NOVEMBER 2013\n \nMetals Exploration plc (AIM: MTL) (\"Metals Exploration\" or \"the Company\"), the natural resources exploration and development company with assets in the Pacific Rim region, is pleased to provide an operations update on matters relating to its Runruno gold-molybdenum project (\"the Project\") and exploration activities in the Philippines. \n \n\n\n\n\nAIM Code : MTL\nAt:25 November 2013\nShares in Issue: 1,374,972,024\nOptions in Issue: 7,275,000\nWarrants in Issue: 2,500,000\n \nDirectors:\nIan Holzberger, Executive Chairman\nTimothy Dean\nGuy Walker\nChristopher Whitehouse\nJulian Wilson\n \nManagement:\nIan Holzberger, Executive Chairman\nLiam Ruddy, Company Secretary \nJohn Stubbs, CFO\nCraig Watkins, GM Runruno Project\nChevy Albo, Finance & Administration\nRosalie Soriano, Legal Counsel\nAgnes Goze, Environment & Permitting\nTommy Alfonso, Financial Controller\nLarry McGeechan, GM Process Plant Construction\nKevin Oxenham, GM Maintenance\nJeff Jardine, Process Engineer.\n \n \nFor further Information please contact:\n \nMetals Exploration plc\nIan Holzberger: +61 41 888 6165\nLiam Ruddy; +44 7911 719 960\n \nNominated Adviser:\nWesthouse Securities Limited\nMartin Davison\n+44 (0)20 7601 6114\n\n\n\n\n \nBroker:\nSP Angel Corporate Finance LLP\nEwan Leggat\n+44 (0)20 3463 2260\n \n\n\n\n\n\n\n\nPublic Relations:\nTavistock Communications\nEdward Portman / Jos Simson\n+44(0) 20 7920 3150\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nHighlights\n· The third and final tranche of the Share Placing announced 26 March 2013 successfully completed on 15 October 2013. \n· An International Resource Bank has been mandated to provide a US$70 million debt package to provide sufficient funding to take Runruno through to production.\n· Banking due diligence has commenced with the agreed objective of finalising the funding package towards the end of the first quarter 2014\n· The construction program continues to ramp to support the objective of commencing operations in Q4 2014.\n· On...