METALS EXPLORATION PLC (MTL) — Investor Presentation

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. It's, Darren Baden, the CEO of METALS EXPLORATION. Thank you for attending this, webinar. I'm coming to you live from, the Manila in The Philippines. I'd just like to run you through our, investor presentation, which went up on our website live about a week ago. I'll try and, there's a lot of overlapping information. So I'll, I'll try and speak to the slides where the detail is rather than where the summaries are in the majority, and only cover the information once, if possible, as we go through. If I miss anything, or there's something else you would like to ask, please, just add it to the live q and a. And, hopefully, at the end, we will have enough time to pick up on any key questions that, that everybody asks. So with that said, I will, I'll move on to the presentation. And, really, just a bit of background. Metals Exploration owns, a project in The Philippines, the Runruna Gold Mine. It's, in the mineral rich province of Nueva Vescara in The Philippines, and it was developed, by the, company from greenfields to production. Currently, we're sitting on a reserve of around 11.7, million tons at a grade of 1.38 grams ton. That's about 500,000 ounces of of reserves in terms of gold group. We're basically fully permitted. 80 98% of the workforce is Filipino, of which 28% are female. Very small contingent of expats helping out to ensure the the stability in ongoing operations. Today, we've invested over $300,000,000, and that's someone else's phone in the background. And, yeah, we've in 2020, as in 2019, we achieved around 68,000 ounces in production. Our total all in sustaining cost, and this includes all costs, all corporate costs, head office in London, everything, $1,259 an ounce at a total revenue of around, a $122,000,000 in 2020. Move on...