Metals Exploration Plc · LSE:MTL

Metals Exploration — Corporate Update (October 2015)

25 slides from Metals Exploration's corporate update, Oct 15, 2015

  1. Slide 1: Corporate Update - October 2015

    CORPORATE UPDATE - OCTOBER 2015

  2. Slide 2: Important Notice

    IMPORTANT NOTICE This presentation has been prepared by the management of Metals Exploration Plc for the benefit of the investing community including, brokers, fund managers, investors and analysts and not for the benefit of any particular person. It should be read in conjunction with information pr

  3. Slide 3: Philippine Focussed – Production Imminent

    PHILIPPINE FOCCUSSED – PRODUCTION IMMINENT KEY SHAREHOLDERS - % HOLDING (28 April 2015)  MTL Luxembourg 49.96% SHARE CAPITAL (12 October 2015)  Runruno Holdings 19.30%  Issued ordinary shares 1,483,005,357  Ruffer 13.56%  Unlisted options 7,235,000  Baker Steel 7.27%  Market Capitalisation (1

  4. Slide 4: Corporate Activity

    CORPORATE ACTIVITY Share Placement • $US 5.0 million raised via placing 108,033,333 ordinary shares at 3p to MTL Luxembourg S.a.a.l, Runruno Holdings Limited, Ruffer LLP. Open Offer • Up to 100,000,000 offered at 3p to Qualifying Shareholders at ratio of 100 shares for each 255 existing shares held

  5. Slide 5: Runruno Gold Project – Commissioning

    RUNRUNO GOLD PROJECT – COMMISSIONING  100% owned Runruno Gold Project  Staged commissioning of the process plant near complete  Operational permitting well advanced  Production forecast to commence Q4 2015, ramp-up Q4-Q1 2016  Strong major shareholder support - MTL (Luxembourg) s.a.r.l, Runruno

  6. Slide 6: Photographic Update

    etals® mga Sration PHOTOGRAPHIC UPDATE

  7. Slide 7: RSI – Stage 2 Wall

    RSI - STAGE 2 WALL exp

  8. Slide 8: Tailing and Return Water Pipeline – Sulong Bridge

    TAILING and RETURN WATER PIPELINE – SULONG BRIDGE 8

  9. Slide 9: Mine Development – RSI in Background

    MINE DEVELOPMENT – RSI in BACKGROUND 9

  10. Slide 10: Mine Development – Ore Blocks Exposed in Floor

    MINE DEVELOPMENT – ORE BLOCKS EXPOSED IN FLOOR 10

  11. Slide 11: Mine Development – Looking North

    MINE DEVELOPMENT – LOOKING NORTH 11

  12. Slide 12: Mine from Processing Plant

    MINE from PROCESSING PLANT 12

  13. Slide 13: Process Plant – From Mine Pit

    PROCESS PLANT – FROM MINE PIT 13

  14. Slide 14: Crushing, Flotation, Grinding, CIL, BIOX

    CRUSHING, FLOTATION, GRINDING, CIL, BIOX 14

  15. Slide 15: Grinding and Gravity, Heavy Vehicle Workshop in Background

    GRINDING and GRAVITY, HEAVY VEHICLE WORKSHOP in BACKGROUND 15

  16. Slide 16: Neutralisation, CCD, BIOX

    NEUTRALISATION, CCD, BIOX 16

  17. Slide 17: Gold Room

    metals® .. GOLD ROOM exploration

  18. Slide 18: Operational Management Team

    OPERATIONAL MANAGEMENT TEAM  Experienced Operational Team  General Manager Runruno Operations – Peter Storey  Technical Services Superintendent – Michael James  Mine Production / Training Superintendent – Colin Smith  Manager Mobile Maintenance – Gary Cooper  Senior Mine Geologist – Janice Aza

  19. Slide 19: Runruno Project Outline

    meta exp s@ oration RUNRUNO PROJECT OUTLINE 19

  20. Slide 20: Corporate Social Responsibility

    CORPORATE SOCIAL RESPONSIBILITY  Environment Protection and Enhancement  Environmental monitoring  Slope stabilisation and rehabilitation of disturbed areas  Forest regeneration  Multiple award winner  Communication Information and Education  To shape desirable social opinion about the compan

  21. Slide 21: Corporate Social Responsibility

    CORPORATE SOCIAL RESPONSIBILITY Education & Training Scholarships and assistance Adopt a school programme Out of work youth skills training programmes Teachers salaries Mature age learning programs Health & Nutrition Education Provision of a professionally staffed clinic including doctor and

  22. Slide 22: Runruno Gold Project

    RUNRUNO GOLD PROJECT Status: - developed - commissioning ongoing - securing operational permits - forecast to commence production Q4 2015 - Production ramp-up Q4 – Q1 2016 Initial Mine life: 10.3 years Payable Production: 1,006,000 ozs Annual Production (aver.): 96,700 ozs • Runruno (101,800 ozs Au

  23. Slide 23: Regional Location

    REGIONAL LOCATION Airfield – Bagabag airfield 10 kms north of Solano Road – upgraded – largely concrete. Power supply – switch yard in Bayombong will be the origin for the new 69Kv line to site, running along 5 km the new road • Runruno Project 23

  24. Slide 24: 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 water

  25. Slide 25: Resources and Reserves March 2011 & April 2013

    RESOURCES AND RESERVES March 2011 & April 2013 Runruno Main Ore Gold Molybdenum Reserve Category Mt g/t M Oz ppm M lbs Proven 10.2 1.90 0.62 616 13.9 Probable 4.8 1.77 0.27 414 4.4 2P Reserves 15.0 1.85 0.90 603 18.3 Additional Inferred 2.9 1.73 0.16 258 1.7 Resource in-pit Ore Gold Molybdenum Resou

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