Business
Quarterly Update To 30 June 2018
Quarterly Update To 30 June 2018.
About this update from Metals Exploration Plc
[{"type":"text","content":"\n \nRNS Number : 4407V Metals Exploration PLC 23 July 2018 \n\nMETALS EXPLORATION PLC\n \nQUARTERLY UPDATE TO 30 JUNE 2018\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, today provides a quarterly update on matters relating to the development of its Runruno gold-molybdenum project (the \"Project\") in the Philippines.\n \n\n\n\n\nAIM Code: MTL\nAt: 30 June 2018\nShares in Issue: 2,071,334,586\nWarrants: 100,000,000\n \nDirectors:\nIan Holzberger, Executive Chairman\nGuy Walker\nEduard Simovici\n \nManagement:\nIan Holzberger, Executive Chairman\nLiam Ruddy, Company Secretary \nAndrew Rodgers, CFO\nJohn Barnes, COO\nIan Moller, GM Operations (Acting) & Country\nManager\nRoland Taganas, Legal Counsel\nTommy Alfonso, Financial Controller\n \nFor further Information please contact:\n \nMetals Exploration plc\nIan Holzberger: +61 41 888 6165\nLiam Ruddy; +44 7911 719 960\nAndrew Rodgers; +61 412 429 856\n \nNominated Adviser & Broker:\nCanaccord Genuity Limited\nMartin Davison; James Asensio\n\n\n\n\n+44 (0) 207 523 4689 \n \n \n\n\n \n\n\n\n\nPublic Relations:\nTavistock\nJos Simson; Barnaby Hayward\n+44(0) 207 920 3150\n\n\n\n\n \n \n\n\n \n\n\n\n\n \n\n\nSummary:\n \nThe Company is pleased to report that after a period of severe power disruptions from the National Grid in the Philippines to its Runruno gold mine operations that it has recommenced its BIOX® circuit ramp-up, with excellent progress being made. Increased gold recoveries are also being experienced.\n \nMining Operations\n \n· Tullingan waste dump benefits are helping the mining operations.\n· The mining fleet mid-life component change outs have commenced.\n \n \nProcessing Operations\n \n· After previously announced disruptions, the BIOX® circuit has recently recommenced ramp-up and is progressing strongly with throughput having achieved 88% of ...