Metals Exploration Plc · LSE:MTL
Metals Exploration — Investor Presentation (December 2024)
22 slides from Metals Exploration's investor presentation, December 2024
Slide 1: Metals Exploration Investor Presentation December 2024
Metals Exploration Investor Presentation December 2024 1
Slide 2: Disclaimer
Disclaimer These presentation slides and the accompanying verbal presentation (the “Presentation”) are confidential, have been prepared by Metals Exploration Plc (the “Company”) for information purposes only and are made available subject to the terms of the disclaimer set out below. It should be re
Slide 3: Introduction to Metals Exploration
Introduction to Metals Exploration AIM-quoted gold producer, producing c. 80,000oz of gold per year at Runruno in the Philippines. Pursuing M&A and other growth opportunities to replace Runruno as it approaches the end of its life of mine in 2026. Proven Operator • Turnaround of Runruno resulted in
Slide 4: Investment Case
Investment Case Delivering on Our Strategy Acquisition of Condor Gold - Acquisition of Abra - construction ready with Cashflow generative significant exploration significant upside potential targets identified Strong management team Continuing to focus on Operational success at with a track record o
Slide 5: Metals Exploration Growth Strategy
Metals Exploration Growth Strategy YMC Develop Tier 1 Target 10yrs Growth Strategy 3- 5yrs • Regional Opportunities (Asia pacific and the Americas) Condor Gold 2-4yrs • Manikbel Project • Repurpose of existing • Expansion into Americas infrastructure • 14+ years of potential mine life • Expand resou
Slide 6: Acquisition of Condor Gold
meta|s@ exploration Acquisition of Condor Gold
Slide 7: Acquisition of Condor Gold - Rationale
Acquisition of Condor Gold - Rationale • Clear development path to production utilizing our existing and future cash reserves. Leveraging our proven track record as a mine builder and operator • Condor Gold is a dual listed AIM-TSX (AIM:CNR, TSX:COG) silver and gold metals exploration and developmen
Slide 8: Deal Structure
Deal Structure • Under the terms of the Offer, each Condor Gold Shareholder shall be entitled to the Fixed Consideration of 4.0526 new MTL shares and 9.9p in cash for each Condor Gold Share held o The Fixed Consideration values Condor Gold’s issued ordinary share capital at £67.5m, representing appr
Slide 9: Runruno - Turnaround Success Story
Runruno - Turnaround Success Story 9
Slide 10: Runruno
Runruno • Following key optimisations made to the BIOX process, fixing many of the technical issues, the management team, led by Darren Bowden, turned Runruno into a success o Forecast production of 82,500oz in 2024 o Record FY2023 gold production of 85,194oz, generating revenues of $167 million o E
Slide 11: Processing
Processing • Mostly finely grained gold in pyrite • Gold recovery by separation followed by leaching with bio-oxidation pre-treatment of flotation concentrate • Average mill throughout 2.1Mtpa above 1.75Mtpa design capacity • Overall plant recovery is 89% Bio-Oxidation (BIOX) Hydrocyclnes Run-of-Min
Slide 12: Progressive Mine Rehabilitation
Progressive Mine Rehabilitation Tayab Dumpsite Tayab Dumpsite Tayab Dumpsite 2015 2022 2024 Malibbeg Dumpsite Malilibeg Dumpsite Maililbeg Dumpsite 2015 2022 2024 Tulingan Dumpsite Tulingan Dumpsite Tulingan Dumpsite 2015 2022 2024 12
Slide 13: Recognition of Our Performance
Recognition of Our Performance 2024 • Presidential Mineral Industry Environmental Award in the Surface Mining Operation Category in 2024, for the third year in a row, the highest government mining award attainable in the Philippines • Safest Surface Mining Operation Award for 2024 2023 • Presidentia
Slide 14: Acquisition of YMC Group
meta|s@ : exploration Acquisition of YMC Group
Slide 15: Abra Tenement
Abra Tenement • In August 2024, Metals Exploration completed the acquisition of the YMC Group, which holds an extensive exploration tenement in the prospective Abra area of the Philippines • Abra covers 16,200 hectares on the island of Luzon, c. 200km north of Runruno, in the Cordillera region, a pr
Slide 16: Abra Drill Targets
Abra Drill Targets • Located on the Western belt of the Central Domenglay Cordillera, a prospective gold belt • Priority 1 - Manikabel • Priority 2 - Domenglay Manikabel • Priority 3 - Dupax • Potential for further Runruno regional exploration Significant surface geochemisty ABRA PROJECT anomaly, ma
Slide 17: Manikbel
Manikbel • Large outcropping copper prospect • Initial drilling programme planned on a 200m x 200m grid for 24 holes • Identified mineralised zone is 1,500m x 800m at > 700ppm Cu • Rock samples of over 10% copper recovered from outcrop sampling • Manikbel has the highest intensity copper geochemical
Slide 18: Domenglay
Domenglay • Significant Arsenic Anomaly • Gold values over 30g/t on surface • High copper values also obtained in the area • Arsenic overlays a Mag high • The key target approx. 600m in diameters sits within a caldera 18
Slide 19: Dupax
Dupax • Within 20Km of Runruno • VMS target, 20km south of RR with grades of up to 15.47 g/t Au and 7% Cu. • Target size 10 to 20 MT. • Surface mapping of main outcrop is 700m x 100m • Key target of the extension of Runruno operations Replace with your footer here 19
Slide 20: Metals Exploration - Summary
Metals Exploration - Summary
Slide 21: Sustainability
Sustainability Metals Exploration’s priority is to create a net-positive impact for its stakeholders and local communities through the advancement of a number of environmental, sustainability and social programmes. The company strives to be accountable, transparent, and responsible in its corporate
Slide 22: For any further enquires, contact BlytheRay
For any further enquires, contact BlytheRay: metalsexploration@blytheray.com @MTLexploration Metals www.metalsexploration.com Exploration Plc
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