Slide 1: Runruno Gold-Molybdenum Project
RUNRUNO GOLD-MOLYBDENUM PROJECT Mining Philippines Conference 15th September 2011
Slide 2: Important Notice
IMPORTANT NOTICE This presentation has been prepared by the management of Metals Exploration Plc and FCF Minerals Corporation for the benefit of the investing community including, brokers, fund managers, investors and analysts and not for the benefit of any particular person. The information is base
Slide 3: Simplified Corporate Structure
SIMPLIFIED CORPORATE STRUCTURE METALS EXPLORATION PLC (MEP) 100% Foreign Owned - London Based FCF Minerals Corp.- 85% MEP 15% CMI – optioned to MEP 100% Runruno Financial or Technical Assistance Agreement Capital Structure: Significant Shareholders:: Ticker Symbol: LSE : MTL Solomon Capital Limi
Slide 4: Project Summary
PROJECT SUMMARY Title: Runruno Gold-Molybdenum Project Status: Development ready Mine life: 10.3 years Payable Production: 1,006,000 ozs Gold Annual Ave Production : 96,700 ozs Gold (101,800ozs Gold Years 1-5 92,700 ozs Gold Years 6-10.3) Capital Cost: US$149.3m Cash Cost (Ave): US$ 477/ oz Gold IRR
Slide 5: Regional Location
“Project is well served by existing infrastructure.” REGIONAL LOCATION Airfield – Bagabag airfield 5 kms north of Solano Solano Road – upgrade allowed along parts of the road. Currently passable all year. Bayombong Power supply – switch yard in Bayombong will be the origin for the new 69Kv line to s
Slide 6: Resources & Reserves
RESOURCES & RESERVES March 2011 Resource & Reserve Statement Ore Gold Molybdenum Resource Category Mt g/t M Oz ppm M lbs Measured 11.2 1.88 0.68 604 14.9 Indicated 7.0 1.64 0.37 425 6.5 Inferred 7.5 1.44 0.35 253 4.2 Total 25.7 1.69 1.39 453 25.6 Ore Gold Molybdenum Reserve Category Mt g/t M Oz ppm
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; • Tailings Storage Facility (TSF): to ensure materials are properly managed and to reclaim wat
Slide 8: Mine Pit
MINE PIT • 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 Bulk Earthworks, Tailings Storage Facility and in-pit backfill. • During the first three years, overburden material will be used in the co
Slide 9: Mine Rehabilitation
fcf MINE REHABILITATION minerals YEAR 1
Slide 10: Mine Rehabilitation
fcf MINE REHABILITATION minerals YEAR 3
Slide 11: Mine Rehabilitation
fcf MINE REHABILITATION minerals YEAR 5
Slide 12: Mine Rehabilitation
fcf MINE REHABILITATION minerals YEAR 7
Slide 13: Mine Rehabilitation
fcf MINE REHABILITATION minerals YEAR 9
Slide 14: Mine Rehabilitation
fcf MINE REHABILITATION minerals YEAR 11
Slide 15: Mine Rehabilitation
MINE REHABILITATION After Rehabilitation
Slide 16: Process Plant
PROCESS PLANT Ore contains free and refractory Gold Molybdenum circuit and Molybdenite Method to recover moly dissolved during the BIOX® process being Gold circuit demonstrated by developed extensive testwork including 20t pilot plant Testwork undertaken by Metcon, Burnie, Gravity recovery –
Slide 17: Tailings Storage Facility
TAILINGS STORAGE FACILITY Tailing Storage Facility (TSF) • Storage of treated tailings in valley adjacent to the Process Plant. • 2 year starter embankment established using pit pre-strip. • Dam lifted to final height during initial 3 years of production. • Designed to national and international sta
Slide 18: Water Supply
WATER SUPPLY • Water usage will be effectively managed to minimise the amount of water drawn from local rivers and to maximise the water returned from the TSF. • Potable water will be sourced from the Lintungan River and this will be supplied to the Runruno Village and Process Plant. Raw Water • Pro
Slide 19: Off-Site Infrastructure
OFF-SITE INFRASTRUCTURE Access Road • Improvement of the Quezon to Runruno Access Road. Power Supply • Estimated average power usage of 13MW. • Access to the power national grid and hydroelectric power stations. • Switch yard located at Bayombong. • 36 km dedicated 69 kV Powerline to be constructed
Slide 20: Environmental Monitoring
ENVIRONMENTAL MONITORING Water Quality, Stream Flow and Groundwater Discharge Monitoring
Slide 21: Mining Forest Program
MINING FOREST PROGRAM Reforestation program • Memorandum of Agreement with surface owner, FCF, DENR, NVSU • Reforested area: 43.03 hectares as of March 2011 • 2008, 2009, 2010: 1st Runner Up Best Mining Forest Program , PMEIA (Exploration Category) Tree Planting Activities
Slide 22: Safety and Health
SAFETY AND HEALTH Safety Statistics 2 Million Hours without a Lost Time Accident (NLTA). Safety induction is conducted to all new employees and visitors. Regular safety meetings discussions on safety concerns
Slide 23: Information, Communication and Education (ICE)
INFORMATION, COMMUNICATION AND EDUCATION (ICE) Community Engagements Trainings and Seminars FCF Chronicle Bi-Monthly Publication
Slide 24: Community Responsibility
COMMUNITY RESPONSIBILITY Education & Training • Basic Literacy Program with 154 adult learners. • Provision of 48 E/S, H/S & Day Care teachers. • Scholarship Program - 14 university scholars selected in 2011. Health & Nutrition • Feeding program for undernourished children. • Provision of medical se
Slide 25: Construction Philosophy
CONSTRUCTION PHILOSOPHY • Supervision by strong experience Owner’s Team. • Process Plant - EPC execution philosophy. Appoint an Engineer/Constructor with demonstrated performance. GMP Incentivise by sharing upside i.e. cost savings. • Mine & TSF - Self perform mine pre-strip and TSF with mine fl
Slide 26: Project Timetable
PROJECT TIMETABLE Milestones Achievements Forthcoming Scoping Study Completed in November 2008 Financial or Technical Assistance Agreement (FTAA) Awarded October 2009 Environmental Impact Study (EIS) Completed in 2009 Environmental Compliance Certificate (ECC) Granted in February 2010 Feasib
Slide 27: Thank You.
Thank You. Runruno Gold-Molybdenum Project FCF Minerals Corporation 22 Floor, Salcedo Towers, 169 H.V. Dela Costa Street, Salcedo Village, Makati City 1227, Philippines nd T: +63-2-659-5662 I F: +63-2-846-8507 I W: www.fcfminerals.com