Metals Exploration Plc · LSE:MTL
Metals Exploration — Investor Presentation (June 2025)
27 slides from Metals Exploration's investor presentation, June 2025
Slide 1: Metals Exploration Corporate Presentation June 2025
Metals Exploration Corporate Presentation June 2025 1
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: Introduction to Metals Exploration
Introduction to Metals Exploration AIM-quoted gold producer, developer and explorer, with assets in the Philippines and Nicaragua. Producing c. 80,000oz of gold per year at Runruno in the Philippines. Recently completed the acquisition of the La India District in Nicaragua, as part of its strategy o
Slide 4: Highlights
Highlights Focus on growth – acquisition of Runruno FY2024 production of Record FY2024 numbers 83,897 ounces exceeding - Revenues US$191.1 million La India District and Abra guidance - Positive free cashflow US$96.7 tenements million Runruno FY2025 production Commencement of infrastructure Revenue g
Slide 5: Metals Exploration Growth Strategy
Metals Exploration Growth Strategy YMC Develop Tier 1 Cu/Au Target 10yrs Manikbel project Growth Strategy 3- 5yrs Condor Gold 2-4yrs • Regional Opportunities (Asia • Expansion into Americas pacific and the Americas) • Dupax Project • Target production Au 145koz per annum • Repurpose of existing • Lo
Slide 6: La India - Nicaragua
metals@ . exploration La India - Nicaragua
Slide 7: La India overview
La India overview • La India is located in the mining-friendly region of western Nicaragua, part of the highly prospective "Golden Triangle" within the Central America gold belt • The La India project is well-served by infrastructure, including paved roads, access to grid power, and proximity to loc
Slide 8: Key operational and financial highlights
Key operational and financial highlights Key operational and financial highlights Near term production (koz Au eq.)1 BFS 2022 MTL January 2025 Production from La India 154 Parameter Units (updated gold price) Study is forecast to come online LoM Years 8.4 12.4 in 2027, coinciding with the planned sh
Slide 9: Project milestones for 2025
Project milestones for 2025 ••Purchase Rock Creek plant ••Commence engineering, plant and tailings Q1 ••Critical tenders: concrete, civil works, exploration ••Commence geotechnical and Exploration drilling ••Scope and procure long lead items ••Dismantle Rock Creek Q2 ••Start civil works ••Freight fo
Slide 10: La India - recent progress
La India - recent progress • Commencement of infrastructure construction • Mobilisation of drill rig and commencement of programme drilling geotechnical holes required to advance mine development studies • Purchase of a fit for purpose second hand gold ore processing and concentrating plant (includi
Slide 11: Breaking Ground Ceremony
aan Breaking Ground Ceremony DESARROLLO vse f SOSTENIBLEYRESPONSABLE 4\Noin 1 metals . exploration
Slide 12: Rock Creek plant
Rock Creek plant • Metals Exploration purchased all mechanical equipment and infrastructure for US$9.7m • Cost of disassembly and freight forwarding to Nicaragua is approximately US$3m • Majority of existing plant for reuse: o Crushing/conveying - 100% (use existing design) o Milling - include SAG m
Slide 13: La India site layout
aan, La India site layout PERMIT BOUNDARY — metals® . exploration
Slide 14: La India process flowsheet
La India process flowsheet • Increase plant treatment capacity to 1.4mtpa from 866ktpa in the feasibility study • Change from single stage SAG milling to SABC configuration • Additional gravity recovery • Two leaching tanks followed by eight CIL tanks, no pre-aeration however optional oxygen injecti
Slide 15: Runruno - Turnaround Success Story
Runruno - Turnaround Success Story 15
Slide 16: Runruno
Runruno • Following key optimisations made to the BIOX process, fixing many of the technical issues, the management team, led by Darren Bowden, turned Runruno into a success o FY2024 gold production of 83,897oz, exceeding the upper guidance forecast of 82,500oz o Record FY2024 gold revenue of US$191
Slide 17: Operational performance + 2025 forecast
Operational performance + 2025 forecast Production Au Ounces (‘000) Revenues (US$ millions) 226 85 191 83 166 130 124 Forecast* 73.9 73 72 2021 2022 2023 2024 Forecast 2025 2021 2022 2023 2024 2025 Free Cashflows (US$ millions) All In Sustaining Costs (US$ per oz) 96 1,281 1,272 1,235 1,126 1,135 72
Slide 18: Recognition of our performance
Recognition of our performance 2024 • Presidential Mineral Industry Environmental Award in the Surface Mining Operation Category in 2024, for the third year in a row, the highest government mining award attainable in the Philippines • Safest Surface Mining Operation Award for 2024 2023 • Presidentia
Slide 19: Philippines Exploration and Development
Philippines Exploration and Development 19
Slide 20: Abra Tenement
Abra Tenement • Abra covers 16,200 hectares on the island of Luzon, c. 200km north of Runruno, in the Cordillera region, a prolific gold belt in the Philippines, with proven mineral endowment in the area, having produced 40 Moz of gold historically • Drill-ready targets, the Manikbel prospect and Do
Slide 21: Manikbel, Domenglay, Boliney
Manikbel Domenglay Boliney • Large outcropping copper • Mapped 500m x 400m silica – • A 4x3km copper footprint semi- prospect clay alteration zone with vuggy coincident with zinc anomalies was texture delineated from a stream sediment • Initial drilling programme survey carried out by RP-Japan in th
Slide 22: Geology: Sampling and Mapping of Dupax
Sampling and Geology Mapping of Dupax 22
Slide 23: Planned Work
Planned Work • Drilling planned for Manikbel • Exploration work programs planned for Domenglay and Boliney • Commence geophysics programme at Dupax • Continue mapping and sampling programmes at Dupax • Prepare for drilling programmes at Dupax Manikbel Domenglay • Review other opportunities when they
Slide 24: Metals Exploration - Summary
Metals Exploration - Summary
Slide 25: Sustainability
Sustainability Metals Exploration’s priority is to create a net-positive impact for its stakeholders and local communities through the advancement of a number of environmental, sustainability and social programmes. The company strives to be accountable, transparent, and responsible in its corporate
Slide 26: Investment Case
Investment Case Delivering on Our Strategy Sustained cashflow generation as Construction has commenced at a result of operational success at La India, targeting production Q4 Runruno 2026 Significant exploration targets Strong management team with a identified in Nicaragua and the track record of de
Slide 27: For any further enquires, contact BlytheRay
For any further enquires, contact BlytheRay: metalsexploration@blytheray.com @MTLexploration Metals Exploration www.metalsexploration.com Plc
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