Business
Quarterly Update To 31 December 2017
Quarterly Update To 31 December 2017.
About this update from Metals Exploration Plc
[{"type":"text","content":"\n \nRNS Number : 5854C Metals Exploration PLC 23 January 2018 \n\nMETALS EXPLORATION PLC\n \nQUARTERLY UPDATE TO 31 DECEMBER 2017\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 construction and development of its Runruno gold-molybdenum project (the \"Project\") in the Philippines.\n \n\n\n\n\nAIM Code: MTL\nAt: 22 January 2018\nShares in Issue: 2,071,334,586\nWarrants: 100,000,000\n \nDirectors:\nIan Holzberger, Executive Chairman\nTimothy Dean\nGuy Walker\nJulian Wilson\nEduard Simovici\n \nManagement:\nIan Holzberger, Executive Chairman\nLiam Ruddy, Company Secretary \nAndrew Rodgers, CFO\nPeter Storey, GM Operations\nIan Moller, GM Runruno Project\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 \nMining Operations\n \n· Mining operations continue to perform well at forecast levels.\n· Construction of an overflow waste dump underway which, when commissioned, will further improve mining efficiencies.\n· At the end of the quarter the ROM pad held six weeks' processing ore tonnages. \n \nProcessing Operations\n \n· 11,236 ounces of gold were poured during the quarter, an improvement on 9,085 ounces poured in Q3.\n· The process plant, with the exception of the BIOX circuit, is operating at above design throughput levels with good mechanical relia...