Slide 1: Runruno Project – July 2016
fcf® metals Runruno Project — July 2016 minerals exploration
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
Slide 3: Philippine Focussed – In Production
PHILIPPINE FOCCUSSED – IN PRODUCTION SHARE CAPITAL (31 May 2016) KEY SHAREHOLDERS - % HOLDING (31 May 2016) Issued ordinary shares 1,731,305,881 MTL Luxembourg 47.73% Unlisted options 7,235,000 Runruno Holdings 19.35% Ruffer 11.59% PROJECT FUNDING Baker Steel 8.47% Shareholder equity $
Slide 4: Runruno Gold Project – Snapshot
RUNRUNO GOLD PROJECT – SNAPSHOT Runruno 100% owned - Philippine gold mining project FCF Minerals Corporation – wholly owns subsidiary owns and operates Runruno Ian Holzberger President, Atty Roderick Salazar Secretary and Director, Atty Karl Castillo, Tim Dean and Craig Watkins Directors Finan
Slide 5: Current Status
CURRENT STATUS First Gold poured - commissioning and ramp-up Processing plant fully constructed Mine developed, ore on stockpile and exposed in pit floor Residual storage impoundment (tailing storage) – stage 2 complete, stage 3 ongoing, receiving tailings • Runruno Workforce in establishe
Slide 6: 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 6
Slide 7: 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 Residual Storage Impoundment (RSI): to ensure materials are properly managed and to reclaim wa
Slide 8: Mining
MINING Open pit area - 600m x 1,500m 1.75 Mtpa ore - transported by conveyor to the Process Plant 9.1 Mtpa overburden - used for the construction of the Tailings Storage Facility and in-pit backfill During the first three years, waste material will be used in the construction of the Residual
Slide 9: Processing
PROCESSING Gold circuit demonstrated initially by extensive test-work including 20t pilot plant Mini lab established at site to train operators, adapt bacteria and establish commissioning stocks and for process development – 15 months operation Circuit Gravity recovery – 30% of gold Total
Slide 10: 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
Slide 11: Workforce
WORKFORCE Site Workforce Site workforce 700 employees including 8 expatriates Equal opportunity employer Local employment focus +80% of workforce Workforce a mix of experienced and Company trained Large ongoing training program in co-operation with TESDA (Gov. Agency) Experienced Senior Op
Slide 12: 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
Slide 13: 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
Slide 14: Capital Cost Breakdown
CAPITAL COST BREAKDOWN $US million Mine establishment including fleet 18.4 Process Plant 85.7 Residual Storage Impoundment 28.0 Onsite Infrastructure 13.7 Offsite Infrastructure 3.8 Indirect Costs 14.0 Owners Costs 32.2 Total Construction Cost $US 195.8 million VAT (under claim) 7.3 Initial Spares 2
Slide 15: Operating Cost
OPERATING COST Annual operating cost guidance $US million Mining 12 Processing 23 Site Services & General Maintenance 4 Safety and health and Environment 2 Site Administration, Community and land 6 Contingency 3 Total Cash Operating Cost $US 50 million (5 yr Ave. $US 474 / oz. Au) Operating Cost adv
Slide 16: Photographic Update
fcf® meta minerals exp 3) oration PHOTOGRAPHIC UPDATE 16
Slide 17: RSI – Stage 2 Wall
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Slide 18: Tailing and Return Water Pipeline
TAILING and RETURN WATER PIPELINE 18
Slide 19: Mine Development – RSI in Background
MINE DEVELOPMENT – RSI in BACKGROUND 19
Slide 20: Mine Development – Ore Blocks Exposed
MINE DEVELOPMENT – ORE BLOCKS EXPOSED 20
Slide 21: Mine Development – Looking North
MINE DEVELOPMENT – LOOKING NORTH 21
Slide 22: Process Plant – From Mine Pit
PROCESS PLANT – FROM MINE PIT 22
Slide 23: Mine from Processing Plant
MINE from PROCESSING PLANT 23
Slide 24: Crushing, Flotation, Grinding, CIL, BIOX
CRUSHING, FLOTATION, GRINDING, CIL, BIOX 24
Slide 25: Grinding and Gravity, Heavy Vehicle Workshop in Background
GRINDING and GRAVITY, HEAVY VEHICLE WORKSHOP in BACKGROUND 25
Slide 26: Neutralisation, CCD, BIOX
NEUTRALISATION, CCD, BIOX 26
Slide 27: Busy Bugs
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Slide 28: Gold Room
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Slide 29: First Gold Pour
FIRST GOLD POUR fcf minerals meta exp ISration 29