Metals Exploration Plc · LSE:MTL

Metals Exploration — Shareholder Meeting (June 2014)

16 slides from Metals Exploration's shareholder meeting presentation, June 2014

  1. Slide 1: AGM Presentation - June 2014

    AGM PRESENTATION - June 2014 This presentation should be read in conjunction with information provided on the Company’s website at www.metalsexploration.com

  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: Runruno Gold Project – Advanced Development

    RUNRUNO GOLD PROJECT – ADVANCED DEVELOPMENT  Philippine focussed mining development company  100% owned Runruno Gold Project - advanced development 75% complete  Commissioning commence in Q2 2015  Robust funding model, 62% equity 38% debt  Strong major shareholder support - Solomon Capital, Bak

  4. Slide 4: Company Information

    COMPANY INFORMATION SHARE CAPITAL (30 November 2014) KEY SHAREHOLDERS - % HOLDING (31 March 2013)  Issued ordinary shares 1,374,972,024  Solomon & related parties 49.14%  Unlisted options 7,275,000  Baker Steel 24.95%  Market Capitalisation (20June 2014) £ 80, million  Runruno Holdings 18.72%

  5. Slide 5: Runruno Gold Project

    RUNRUNO GOLD PROJECT Status: - in full development - 75% complete - within budget - commissioning forecast – Q2 2015 Initial Mine life: 10.3 years Payable Production: 1,006,000 ozs Annual Production (aver.): 96,700 ozs (101,800 ozs Au years 1-5, 92,700 ozs Au years 6-10.3) • Runruno Capital Cost: US

  6. Slide 6: Debt Package

    DEBT PACKAGE  Experienced and well qualified banking syndicate HSBC and BNP Paribas  Headline Facility $US 83 million  $US 70 million construction facility  $US 5 million capitalised interest during construction and costs  $US 8 million over-run facility – available  55 month term – maturing 3

  7. Slide 7: Construction Philosophy

    CONSTRUCTION PHILOSOPHY  Strong experienced owners team  Self execute strategy using experienced consultants and sub contractors experienced in the Philippines  Develop supporting infrastructure using discrete contracts and design and erect packages: Access road - completed Site establishment –

  8. Slide 8: Operational and Construction Management

    OPERATIONAL AND CONSTRUCTION MANAGEMENT  Operational  General Manager Mining – Peter Storey  General Manager Maintenance – Kevin Oxenham  Technical Services Superintendent – Michael James  Mine Production / Training Superintendent – Colin Smith  Senior Mine Geologist – Janice Azares-Wayan  Ch

  9. Slide 9: 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

  10. Slide 10: 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 10

  11. Slide 11: 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

  12. Slide 12: 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 Tailings

  13. Slide 13: Gold Processing

    GOLD PROCESSING Ore contains free and refractory gold Pressure Oxidation, & BIOX® processes tested and molybdenite BIOX® offers:  Reduced capital intensity  Lower operating costs Gold circuit demonstrated by extensive  Proven process testwork including 20t pilot plant  Ease of operation  Gol

  14. Slide 14: 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 programmes Multiple award winner Health & Nutrition Provision of a professionally staffed clinic inclu

  15. Slide 15: 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

  16. Slide 16: Extensively Awarded for Excellence in Environment, Social and Safety Programs

    EXTENSIVELY AWARDED for EXCELLENCE IN ENVIRONMENT, SOCIAL and SAFETY PROGRAMS 16

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