Metals Exploration Plc · LSE:MTL
Metals Exploration — Investor Presentation (February 2024)
21 slides from Metals Exploration's investor presentation, February 2024
Slide 1: Philippine Gold Producer - Investor Presentation
PHILIPPINE GOLD PRODUCER - INVESTOR PRESENTATION February 2024
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: Delivering on Our Strategy: Investment Highlights
DELIVERING ON OUR STRATEGY INVESTMENT HIGHLIGHTS Focus on local M&A Record FY2023 numbers: opportunities to create a - Record gold ore revenue of Record annual gold larger and more structured US$167 million production of 85,194 ounces business with multiple mines, - Record annual positive free cash
Slide 4: FY2023 Operational Performance
FY2023 OPERATIONAL PERFORMANCE Production & AISC koz Production CAGR (’17-’23): 15.4% US$/oz • Record FY2023 gold production of 85,194 ounces 100 1,281 1,259 1,281 1,300.00 • Exceeding updated forecast gold production range 85.2 1,235 1,250.00 for 2023 of 81,000 ounces 80 73.2 69.0 67.6 1,200.00 • F
Slide 5: Continued Focus on Decreasing Leverage Profile
CONTINUED FOCUS ON DECREASING LEVERAGE PROFILE • Net debt at year end of US$19.9 million • Elevation of mezzanine debt to secured status awaiting determination of what interest rate, as well as the date of its application, which will be applied to the outstanding loan in the period prior to completi
Slide 6: Quarterly Operational Performance
QUARTERLY OPERATIONAL PERFORMANCE Production (Koz) 30,000 100% 90% 25,000 80% 70% 20,000 60% 15,000 50% 40% 10,000 30% 20% 5,000 10% - 0% Sep-16 Sep-17 Sep-18 Sep-19 Sep-20 Sep-21 Sep-22 Sep-23 Dec-16 Dec-17 Dec-18 Jun-19 Dec-19 Mar-20 Dec-20 Dec-21 Dec-22 Dec-23 Mar-17 Mar-18 Mar-19 Mar-21 Mar-22 M
Slide 7: Runruno
RUNRUNO • Record production of 85,194 ounces, exceeding Company’s updated FY2023 gold production forecast of 81,000 ounces • AISC of US$1,126 per ounce which was slightly above the FY2023 lower guidance forecast of US$1,120 per ounce • Excellent gold recovery in our processing operations – with FY20
Slide 8: M&A Strategy
M&A STRATEGY • Strategy to create a larger and more structured business with multiple mines, which will deliver significant shareholder value • Focus on other opportunities in the Philippines - given the Company’s operational & environmental track record, as well as our excellent community and in co
Slide 9: YMC Acquisition
YMC ACQUISITION • Acquiring 72.5% of the issued share capital of Yamang Mineral Corporation and 100% of the issued share capital of Yamang Corporation Pte Ltd for a total consideration of US$1,600,000 plus the issue of up to 41,000,000 MTL Options* • The assets of the YMC Group include: • the EXPA-0
Slide 10: YMC Exploration Potential - Lacub
YMC EXPLORATION POTENTIAL - LACUB • Northern most prospect, with two main targets: • Copper/gold porphyry targets, as indicated by the surface geochemistry • Epithermal gold targets, which have been sampled and accessed via small scale mining tunnels with grades in excess of 100g/t gold • Geochemica
Slide 11: YMC Exploration Potential - Manikbel
YMC EXPLORATION POTENTIAL - MANIKBEL • Copper targets, southern area: • Large copper targets with evidence of anomalism from surface mapping • Extensive outcrops over a 2km strike including grades of over 15% copper • Manikbel has the highest intensity copper geochemical signature of all the areas •
Slide 12: YMC Exploration Potential – A1 South and Central
YMC EXPLORATION POTENTIAL – A1 SOUTH AND CENTRAL • High-grade gold targets, with significant small-scale Field work and sample results conducted by Yumol 1998 mining activity • Additional extensive anomalism identified by large surface sampling exercises conducted by the Philippine government • Hist
Slide 13: Initial 2024 Exploration Programme
INITIAL 2024 EXPLORATION PROGRAMME • Initial 2024 work programme is intended to commence in the Lacub and Manikbel areas • Lacub work will target previously identified high-grade gold systems and regional analysis of the underlying porphyry systems. While in Manikabel the focus will be to map the ex
Slide 14: Initial Results of Surface Mapping Manikbel
INITIAL RESULTS OF SURFACE MAPPING MANIKBEL • Initial mapping verifies high grade vein system at Manikbel • Single mineralized zone identified over 50 meters wide • Veins system more extensive than initially thought. • Geophysics to start in February • Areas north and south of initial survey area st
Slide 15: Photos of Manikbel Mineralized Zone and Samples
PHOTOS OF MANIKBEL MINERALIZED ZONE AND SAMPLES 50+ meters wide zone 15 Metals Exploration: Corporate Presentation February 2024
Slide 16: Initial Mapping of Lacub Epithermal Gold
INITIAL MAPPING OF LACUB EPITHERMAL GOLD • Initial mapping verifies high grade epithermal gold at Lacub • Multiple vein systems over a significant strike • Geophysics to start in March • Further mapping and vein identification through February Metals Exploration: Corporate Presentation February 2024
Slide 17: ESG
ESG • Exceptional safety record – with over 21 million man-hours without a reportable injury • Multiple safety awards received from the Mines and Geoscience Bureau • Active in promoting responsible mining practices – continuing to actively reduce the potential environmental impacts of its operations
Slide 18: Recognition of Our Performance
RECOGNITION OF OUR PERFORMANCE ASEAN Mineral awards: • 1st Runner-up in recognition of outstanding best practices in Sustainable Mineral Development (Mineral Mining - Metallic) • 2nd Runner-up in recognition of outstanding best practices in Sustainable Mineral Development (Mineral Processing - Metal
Slide 19: Community & Social Development
COMMUNITY & SOCIAL DEVELOPMENT • Prioritise the development of our local community and have a strong partnership with the national agencies and local governments from Barangay to Provincial level • Continued focus on: - Health - Education - Capacity building - Community development & empowerment - E
Slide 20: Strategy & Future Outlook
STRATEGY & FUTURE OUTLOOK Strong cash flow from Completion of debt Continued focus on ESG and continuing operations at repayment in Q2 2024 safety Runruno Initial exploration Continued focus on local FY2024 Gold production programme at M&A opportunities to create forecast: 74,000 – 80,000 Lacub/Mani
Slide 21: To request additional information, please email us
To request additional information or ask any questions, please email us at info@metalsexploration.com www.metalsexploration.com
Metals Exploration — Investor Presentation (February 2024) on 6ix