Business
Permit Renewal Approved
Permit Renewal Approved.
About this update from Metals Exploration Plc
[{"type":"text","content":"\n Metals Exploration PLC\n02 August 2007\n\n\n02 August 2007\n\n METALS EXPLORATION PLC\n\n RUNRUNO EXPLORATION PERMIT RENEWAL APPROVED\n\n\nThe Board of Metals Exploration PLC ('the Company') (AIM: MTL), the UK based\nprecious and base metals exploration company focused in the Pacific Rim Region\nis pleased to report that the Exploration Permit (EP-II-000013) ('EP') granted\nto FCF Mining Corporation, the current holder of the Runruno EP, in accordance\nwith The Philippine Mining Act of 1995 relating to the Runruno Project was today\nrenewed by signature of the Director of the Mines and Geosciences Bureau of the\nDepartment of Environment and Natural Resources.\n\nPhilippine mining regulations permit the partial or total conversion of an\nExploration Permit to a Mineral Agreement or FTAA for the purpose of undertaking\ndetailed exploration, if the exploration activities indicate a resource\ndiscovery. Thus, in addition to continuing its exploration activities at\nRunruno, and since its activities to date have indicated a resource discovery,\nthe Company intends to investigate the possibility of converting its EP to a\nMineral Agreement or FTAA and will provide further updates as matters progress\n\nJonathan Beardsworth, CEO of Metals Exploration PLC commented:\n\n'The successful renewal of the EP for the statutory period of two years should\nprovide investors with confidence as to the Company's rights to the Runruno\nProject.'\n\n\nJonathan Beardsworth\nChief Executive Officer\n\n\nFor more information:\nJonathan Beardsworth CEO + 44 (0) 20 7927 6690\n + 44 (0) 7747 101 552\nJonathan Anderson Investor Relations + 44 (0) 20 7927 6690\n +44 (0) 7950 410680\nAdrian Hadden Collins Stewart Europe Limited +44 (0) 20 7523 8350\nCharles Vivian Pelham PR +44 (0) 20 7743 6672\nJames MacFarlane Pelham PR +44 (0) 20 7743 6375\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2313,"tagName":"div"}]