37 slides from Metals Exploration's shareholder meeting presentation, Jun 16, 2011
Slide 1: Runruno Gold Project Annual General Meeting
RUNRUNO GOLD PROJECT Annual General Meeting 16 JJune ne 2011
Slide 2: Important Notice
IMPORTANT NOTICE This presentation has been prepared by the management of Metals Exploration Plc and FCF Minerals Corporation for the benefit of the investing community including, brokers, fund managers, investors and analysts and not for the benefit of any particular person. The information is base
Slide 3: Runruno Project Summary
RUNRUNO PROJECT SUMMARY Title: Financial or Technical Assistance Agreement Status: Development ready, feasibility study - 2010 Mine life: 10.3 years Payable Production: 1,006,000 ozs Annual Production (ave.): 96,700 ozs (101,800ozs Au years 1-5 92 700 ozs Au years 6 92,700 6-10.3) 10 3) Capital Cost
Slide 4: Regional Location
“Project is well served by existing g infrastructure.” REGIONAL LOCATION Airfield – Bagabag airfield 5 kms north of Solano Solano Road – upgrade allowed along parts of the road. Currently passable all year. Bayombong Power supply – switch yard in Bayombong will be the origin for the new 69Kv line to
Slide 5: Resources & Reserves
RESOURCES & RESERVES March 2011 Resource & Reserve Statement Ore Gold Molybdenum Resource Category Mt g/t M Oz ppm M lbs Measured 11.2 1.88 0.68 604 14.9 Indicated 7.0 1.64 0.37 425 6.5 Inferred 7.5 7 5 1.44 1 44 0.35 0 35 253 4.2 4 2 Total 25.7 1.69 1.39 453 25.6 Ore Gold Molybdenum Reserve Categor
Slide 6: Project Description
PROJECT DESCRIPTION Five key components: • Mine Open Pit and Run of Mine (ROM) Pad; • Process Plant facility consisting of conventional crushing, grinding, flotation, along with BIOX® and gravity recovery; • Tailings Storage Facility (TSF): to ensure materials are properly managed and to reclaim wat
Slide 7: Mine Pit
MINE PIT • Open pit area - 600m x 1,500m • 1.75 1 75 Mtpa ore - transported by conveyor to the Process Plant. Plant • 9.1 Mtpa overburden - used for the construction of the Tailings Storage Facility and in-pit backfill. • During D i g the th first fi t three th years, waste t material t i l will ill
Slide 8: Process Plant
PROCESS PLANT Ore contains free and refractory Gold Pressure Oxidation, & BIOX® processes considered, and Molybdenite BIOX® offers: Reduced capital intensity Gold circuit demonstrated by Lower operating costs extensive testwork including 20t pilot Proven process plant Ease of operation
Slide 9: Molybdenum
MOLYBDENUM Molybdenite occurs at Runruno as very fine 10-20 µm grains with pyrite and silicate minerals Hydrometurgical H d t gi l MoM recovery circuit i it in i development d l t – Electrometals El t t l Laboratory L b t Queensland Q l d Modular add-on to gold circuit Mo solubilised in the BI
Slide 10: Process Flow Diagram
PROCESS FLOW DIAGRAM ADD-ON Mo RECOVERY CIRCUIT
Slide 11: Tailings Storage Facility
TAILINGS STORAGE FACILITY Tailing Storage Facility (TSF) • Storage of treated tailings in valley adjacent to the Process Plant. • 2 year starter embankment established using pit i pre-strip. i • Dam lifted to final height during initial 3 years of production. • Designed to national and international
Slide 12: Water Supply
WATER SUPPLY • Water usage will be effectively managed to minimise the amount of water drawn from local rivers and to maximise the water returned from the TSF. • Potable water will be sourced from the Lintungan River and this will be supplied to the Runruno Village and Process Plant. • Process water
Slide 13: Off-Site Infrastructure
OFF-SITE OFF SITE INFRASTRUCTURE Access Road • Improvement of the Quezon to Runruno Access Road. Power Supply • Estimated average power usage of 13MW. • Access to the power national grid and hydroelectric power stations. • Switch yard located at Bayombong. Bayombong • 36 km dedicated 69 kV Powerline
Slide 14: Current Site Activities
CURRENT SITE ACTIVITIES Exploration Land Acquisition and Small Scale Miners Environment Management g Safety and Health Information, Communication and Education (ICE) Community Relations and Development
Slide 15: Exploration Model
EXPLORATION MODEL Pierre Perroud Photograph by P Runruno – 1.5 Mozs Inferred, Indicated & Measured Cripple Creek – 23 Mozs historic production “In short, the Runruno gold deposit is remarkable in terms of its shared characteristics with other alkaline epithermal deposits, including Cripple Creek, Co
Slide 16: FTAA Exploration
“Systematic assessment FTAA EXPLORATION underway underway” Gold-in-soil anomalies scattered tt d over th the sampled l d area – similar to Cripple Creek’s historic mines g Aeromagnetics flown – interpretation in progress Soil sampling ongoing, clear anomalies defined Gold and copper targets
Slide 17: FTAA Exploration
FTAA EXPLORATION Bocboc Southern Extension Tullingan Pl Planned d IP S Survey Magnetite Creek
Slide 18: Environmental Management
ENVIRONMENTAL MANAGEMENT Rehabilitation • Slope Stabilization soil filled bags coco-matting Before silt fencing • Revegetation napier grass (endemic) After 6 months vetiver grass (propagated) • Drainage Canal Maintenance After 2 months
Slide 19: Environmental Monitoring: Water Quality Monitoring
ENVIRONMENTAL MONITORING Water Quality Monitoring
Slide 20: Environmental Monitoring: Stream Flow and Groundwater Discharge
ENVIRONMENTAL MONITORING S Stream Flow Fl and dGGroundwater d Discharge Di h Monitoring M i i
Slide 21: Environmental Monitoring: Air Quality and Ambient Noise
ENVIRONMENTAL MONITORING Air Quality and Ambient Noise Monitoring
Slide 22: Mining Forest Program
MINING FOREST PROGRAM Reforestation program • Memorandum of Agreement with surface owner owner, FCF, FCF DENR, DENR NVSU • Reforested area: 43.03 hectares as of March 2011 • 2008, 2009 2008 2009, 2010: 1st Runner Up Best Mining Forest Program , PMEIA (Exploration Category) Tree Planting Activities
Slide 23: Safety and Health
SAFETY AND HEALTH Safety Statistics The Project maintained a Zero Non Lost Time Accident (NLTA). Safety induction is conducted to all new employees and visitors. Regular safety meetings discussions on safety concerns
Slide 24: Information, Communication and Education (ICE)
INFORMATION, INFORMATION COMMUNICATION AND EDUCATION (ICE) FCF performs Information, Communication and Education (ICE) campaigns To shape desirable social opinion about the company and its current activities. activities To provide social understanding of the mines and geosciences, encourage on t
Slide 25: Information, Communication and Education (ICE)
INFORMATION, INFORMATION COMMUNICATION AND EDUCATION (ICE) C Community it Engagements E t Trainings and Seminars FCF Chronicle Bi-Monthly Publication
Slide 26: Community Responsibility: Livelihood Projects
COMMUNITY RESPONSIBILITY Livelihood Projects Runo Craft Banana Chip Making Junk Shop Hammock Making Soft Broom Making Basic Sewing Course
Slide 27: Community Responsibility: Education
COMMUNITY RESPONSIBILITY Education
Slide 28: Community Responsibility: Basic Infrastructure Development
COMMUNITY RESPONSIBILITY Basic Infrastructure Development p Hanging Bridge Daycare Center Community Clinic Waiting Shed Tire Path Irrigation Canal
Slide 29: The Future - Construction
fcf minerals THE FUTURE - CONSTRUCTION
Slide 30: Simplified Corporate Structure
SIMPLIFIED CORPORATE STRUCTURE METALS EXPLORATION PLC ((MEP)) 100% Foreign Owned- London Based FCF C Minerals C Corp.- 85% 8 MEP 15% CMI – optioned to MEP 100% Runruno Financial or Technical Assistance Agreement Capital Structure: Significant Shareholders:** Ticker Symbol: LSE : MTL Solomon Capi
Slide 31: Construction Philosophy
CONSTRUCTION PHILOSOPHY • Strong experienced owners team • GMP – EPC executioni philosophy hil h ffor hi highest h risk i k most technical h i l area – Process P Plant. Pl Appoint an Engineer / Constructor with demonstrated performance. Incentivise by sharing upside i.e. Cost savings. • Develop
Slide 32: Timetable
TIMETABLE Milestones Achievements Forthcoming Scoping Study Completed in November 2008 - FTAA awarded for Runruno Project November 2010 - Independent Resource verification Completed in November 2009 - Environmental Compliance Certificate (ECC) Granted in February 2010 - Feasibility Study D
Slide 33: fcf
fcf minerals
Slide 34: Thank You
fcf minerals Thank You.
Slide 35: Southern Extension - Line 100N
SOUTHERN EXTENSION – LINE 100N
Slide 36: Tullingan X-Section
TULINGAN X-SECTION X SECTION
Slide 37: Magnetite Creek X-Section
MAGNETITE CREEK X-SECTION X SECTION