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Four Exploration Concessions Granted at La India
Metals Exploration PLC has expanded its La India Gold Project by acquiring four new exploration concessions covering approximately 64,400 hectares, extending the project's term to 25 years with a 3% gross royalty and escalating annual surface rights payments. These concessions include historical workings and numerous gold targets, with four high-priority areas identified: La Grecia, showing historical grab samples up to 97.42 g/t gold and 695 g/t silver; San Cristobal; Dos Hermanos, with trench intercepts up to 1.95m at 17.9 g/t gold; and Las Cruces, a potential copper-gold porphyry target. The company remains focused on advancing the La India Gold Project towards production by December 2026, while these new licenses bolster its exploration portfolio and future resource growth potential. Disclaimer*
About this update from Metals Exploration Plc
Metals Exploration Plc 3rd Floor, 22a St James Square, London, SW1Y 4JH Email: [email protected] 10 April 2026 METALS EXPLORATION PLC Metals Exploration expands the La India Gold Project with Four New Exploration Concessions Granted Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a gold production, development and exploration company with assets in the Philippines and Nicaragua, is pleased to announce that it has been granted four highly prospective exploration concessions adjacent to the La India Gold Project. The new concessions cover a combined area of approximately 64,400 hectares ("ha"), granted for a term of 25 years subject to a government 3% gross royalty and annual surface rights payments scaling from US$0.25/ha in year one to US$12.00/ha from year 11 onwards. This extensive concession package includes historical gold workings within the La Grecia project area - as well as numerous other gold targets, which were previously explored by Newcrest Mining Ltd ("Newcrest"). Highlights Within the newly granted exploration concessions, four high priority targets have been identified (Figure 1 below), including: · La Grecia - A low-sulphidation epithermal system has been identified with high grade veins mapped at surface showing boiling zone textures. Historical grab sampling returned grades up to 97.42 grammes per tonne ("g/t") gold ("Au") and 695 g/t silver ("Ag"). · San Cristobal - Multiple veins have been mapped at surface and are associated with alteration assemblages which are characteristic of a low-sulphidation epithermal setting. · Dos Hermanos - Two principal zones of hydrothermal veining with a combined strike length of over 600 metres ("m"). Rock chip samples of up to 62.6 g/t Au and trench intercepts of up to 1.95 m at 17.9 g/t Au have been returned from the area. · Las Cruces - Previous mapping includes, extensive argillic (clay) alterations and oxides, with discrete patches of vuggy silica and steam-heated alterations. Additionally, along creeks, strongly altered and sulphide-rich (marcasite and pyrite) lapilli tuffs and andesites have been mapped. This mapping suggests a lithocap style target above a gold-copper porphyry target. Darren...
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