Metals Exploration Plc · LSE:MTL
Metals Exploration — Shareholder Meeting (June 2018)
16 slides from Metals Exploration's shareholder meeting presentation, Jun 19, 2018
Slide 1: Runruno Presentation – Annual General Meeting of Shareholders
METALS EXPLORATION PLC RUNRUNO PRESENTATION ANNUAL GENERAL MEETING OF SHAREHOLDERS 19 JUNE 2018
Slide 2: Runruno Timeline
RUNRUNO TIMELINE 2004 Project acquired 2004 - 2008 Exploration demonstrates potential of the project 2009 Concept study identifies development options and commercial viability August 2011 FTAA issued 2009 - 2010 Feasibility study demonstrated commercial viability based on 1.1 million ounces of recov
Slide 3: Runruno Gold Mine Overview
RUNRUNO GOLD MINE OVERVIEW • Unique surface cut and fill mining operation, • Capacity to deliver ore at a rate of 165,000 tonnes per month, • Gold grade is approximately 1.8 g/tonne gold • Operations are 24/7 throughout the year, • Mine life is estimated at 10+ years, • Environmental Compliance Cert
Slide 4: Mining Operations
MINING OPERATIONS • Surface cut and fill • Initial pit created which is back filled as mining progresses • Continuous rehabilitation integrated • Total mine area - 600m x 1,500m - rehabilitated • 1.75 Mtpa ore - transported by conveyor to the Process Plant • 9.1 Mtpa overburden - used for the constr
Slide 5: Mining
Slide 6: Processing
PROCESSING BIOX – GENERATION III • The Runruno BIOX® circuit is designed to treat 140,000 tonnes per annum of concentrate with a daily capacity of treating 400 tonnes • The design sulphide sulphur grade is 15% S2-. • Runruno ore is a refractory ore
Slide 7: Processing – How the process works
PROCESSING How the process works
Slide 8: BIOX Generation III Technology Advances
PROCESSING BIOX GENERATION III TECHNOLOGY ADVANCES • Previous generations used a single impeller agitation system to aerate the reactors • Generation III uses a dual impeller system • Dual impeller systems provide a significant reduction in both the required installed motor power and the power draw
Slide 9: ASTER – A Process of Detoxification of CIL Residue
ASTER – A PROCESS OF DETOXIFICATION OF CIL RESIDUE • The Aster process has been a resounding success story and the operating achievements being experienced at Runruno has even confounded the IP owners • As in BIOX, naturally existing bacteria acts as a catalyst in the detoxification process • All cy
Slide 10: fag
PY 7’, fag
Slide 11: Residual Storage Impoundment
RESIDUAL STORAGE IMPOUNDMENT • Waste which has been extracted from the Stage 1 of the mine has been and continues to be used to construct the Residual Storage Impoundment (RSI), • The RSI will be primarily constructed from waste material sourced from stage 1 and 2 of the surface mine, • The environm
Slide 12: Residual Storage Impoundment (RSI)
Si 2 s UAL STORAGE mi. IMPOUNDMENT (RSI) KO gy
Slide 13: Local Impact
LOCAL IMPACT • The Runruno environment has improved • Sulong River in the Runruno area is cleaner • Forests re-established • High levels of employment in a barangay which previously had no formal employment sector • Employment practices (including contractors, 1,068 employees) • 53% resident in Runr
Slide 14: Local Impact
LOCAL IMPACT • Runruno designed and built to best practice including the use of world leading technology • Process includes three pollution control devices to ensure chemical compliance within the plant • Neutralisation circuit – neutralised acids precipitates stable base and heavy metal compounds •
Slide 15: 2017 Overview
2017 OVERVIEW • Operations have ramped up to or in excess of design (except for BIOX), • The ore reserve is proving to be sound with a small positive reconciliation in contained gold for ore mined to date albeit at a lower grade due to mining dilution. • Improved edge control is expected improve the
Slide 16: Operations by the Numbers
OPERATIONS BY THE NUMBERS Quarter Period to Period to Unit of Year to Key Metric ended 31 31 Dec 31 Dec measure date 2018 Mar 2018 2017 2016 Mining activities Ore mined tonnes 353,960 353,960 1,815,669 490,558 Waste mined tonnes 1,472,217 1,472,217 7,644,821 7,920,205 Total material movements 1,826,