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EPIC: MTL
Market: AIM
52-week High/Low: 7.88p / 3.13p
Sector: General Mining - Gold
Market Cap: 121.19M
Phone: +44 (0)207 869 5109
Address: 18th Floor, Portland House, Bressenden Place, London SW1E 5RS.
Website: www.metalsexploration.com
Metals Exploration Plc

Metals Exploration Plc

Metals Exploration is a natural resources exploration and development company operating in the Pacific Rim, with particular focus on the Philippines. The Company’s principal asset is the Runruno Gold-Molybdenum Project on the island of Luzon in the northern Philippines. The Company acquired the project in February 2005 and recently increased its interest in the project to 100%.

Metals Exploration Plc

www.metalsexploration.com

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Big picture - Why invest in Metals Exploration Plc


Metals Exploration Plc Snapshot

About Metals Exploration
Metals Exploration Plc is a mineral resources exploration and development company. It 100% owns the Runruno Gold Project located north of the Philippines. It is registered and listed on the Alternative Investment Market (AIM) in London with ticker identity MTL.
Metals Exploration`s management strategy and corporate plan is to:

  • Provide shareholders with high capital growth potential, delivered by developing a mineral project into a world class mine.
  • Undertake cost-effective and precise exploration on those targets most likely to deliver real shareholder wealth.
  • Respect the indigenous culture of the exploration areas and to promote social and economic development for the traditional custodians.
  • Maintain a "queue" of projects ranging from grass-roots exploration to advanced resource projects requiring definitive feasibility studies.
  • Manage the inherent value of its portfolio by advancing short-term projects, joint venturing long-term projects requiring significant development capital, or by selling off those assets which deliver immediate value to the shareholders.
  • Use financial modelling to ensure that the targets being sought are of the style to deliver a low-cost position on the production-cost curve.
  • Conduct operations in a safe and environmentally responsible manner to industry best practise standards.
  • Offer employment opportunities to those who live in the exploration project areas.

Projects Overview

Runruno


Runruno is located 200 miles north of Manila in the mineral rich province of Nueva Viscaya. The area has been known to be abundant in gold and other precious metals since the early 1960s and has enjoyed a varied exploration history.
Exploration to date has defined a JORC-compliant Inferred, Indicated & Measured mineral resource of 1.5Moz gold and 25.4Mlb molybdenum, contained within 24.5 million tonnes at average grades of 1.91grams/tonne gold and 470ppm molybdenum.

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Dupax


The Dupax EPA comprises two separate blocks – Dupax (5,042 hectares) and Solano (3,814 hectares) – totaling some 8,856 hectares in area.

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Sulong


The Sulong EPA covers some 6,963 hectares in area and is situated to the east of Solano, Nueva Vizcaya Province, approximately 220km north of Manila.

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Waigeo


Historical drilling in the 1970`s identified nickel laterite deposits of some 35Mt at grades of 1.5% Ni, 0.13% Co and 37% Fe within the area. The Company believes there is potential to develop a sustainable short and medium term nickel operation in Waigeo.

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Ian Holzberger - Executive Chairman
Ian has over 35 years experience in the mining industry, which encompasses a wide range of management, operational, mine development and feasibility study roles. Ian was Managing Director of Highlands Pacific Limited from 1997 to 2007, where he implemented the feasibility study on the Ramu nickel laterite project, and subsequent sale of a majority interest in the project to a major Chinese corporation. He was also responsible for the feasibility study, development, financing, construction and commissioning of the Kainantu gold mine in PNG. Ian has extensive experience in the implementation of major project feasibility studies, equity raising, investor relations, debt financing, working with traditional societies, Government negotiations and all aspects of project development. He is a Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists.

Tim Dean – Non Executive Director
Tim is a qualified Chartered Accountant with a First Class Honours degree in Engineering Science from Oxford University. Tim’s early career began with Gencor and has since been predominantly involved in property development at an international level with significant board room experience. Tim joined the Board as a Non-Executive Director on 12 January 2009.


Guy Walker – Non Executive Director
Guy joined the Board as a Non-Executive Director on 9th May 2011. Guy is a highly accomplished director and senior investment management executive with over 20 years financial markets experience. He currently sits on the boards of several mining companies including exploration, development and production companies. Mr. Walker has extensive experience in capital raising through both traditional banks and alternative lenders.


Edi Simovici – Non Executive Director
Edi has over 12 years of experience in finance. Edi graduated from the Academy of Economic Studies, Bucharest, and joined KMPG, audit department. Later he worked for various industries at group and local level serving as Group Financial Controller for a telecom company and Head of Finance for a real estate group. Edi holds a Bachelor degree in Business Administration and is CPA (Australia) qualified.


Julian Graham Wilson – Non Executive Director
Julian Wilson joined the Board as a Non-Executive Director 01 August 2013.  Julian’s background is in risk and operations management, primarily focussed on programme delivery in politically unstable environments.  Currently he heads the operations, strategy development and business performance functions for a UK based Real Estate & Development Management Group.


Jeremy William Dowling Ayre - Non Executive Director
Jeremy has over 25 years experience in both technical and financial aspects of the mining industry. He worked at Rio Tinto as a member of its London-based Business Evaluation team and at Paribas before co-founding AWR Lloyd, a specialist corporate finance firm based in Asia. More recently he worked with Baker Steel & Rock Capital to develop and launch a private equity mining fund which led to the listing of Baker Steel Resources Trust in mid 2010.

Significant Shareholders %
MTL (Luxembourg) Sarl Pte Ltd and related parties 46.80%
Runruno Holdings Ltd 18.98%
CF Ruffer Gold Fund 12.70%
Baker Steel Capital Managers LLP ‐ acting on behalf of its discretionary clients 9.38%
Others 12.14%
   
Not in public hands 78.48%

 

Registered Office

200 Strand London WC2R IDJ

Tel: (+44 20) 7539 7272 

 

United Kingdom

18th Floor

Portland House

Bressenden Place

London

SW1E 5RS

United Kingdom

Phone: +44 (0) 207 869 5109 

Fax: +44 (0) 207 869 8129

 

Philippines

22nd Floor, Salcedo Towers,

169 H.V. Dela Costa Street, 

Salcedo Village, Makati City 1227,

Metro Manila, Philippines.

Phone: +63 (0) 2 659 5662

Fax: +63 (0) 2 846 8507

 

Website

www.metalsexploration.com

 

Emails

[email protected]

Nominated Adviser:

Stockdale Securities
Beaufort House
15 St. Botolph Street
London, EC3A 7BB

 

Solicitors:

Kerman & Co
200 Strand
London WC2R 1DJ

http://www.kermanco.com 

 

Auditors:

Nexia Smith & Williamson
25 Moorgate
London
EC2R 6AY

www.nexiasmith.williamson.co.uk

 

Public Investor Relations:

Tavistock Communications
131 Finsbury Pavement
London
EC2A 1NT

Tel:  +44 (0) 20 7920 3150

www.tavistock.co.uk

 

Registrar:

Capita Asset Services

The Registry
34 Beckenham Road,
Beckenham, Kent,
BR3 4TU

Tel:  +44 (0) 20 7556 8800 

www.capitaregistrars.com

 

Broker:

S.P. Angel Corporate Finance LLP
Prince Frederick House
35-39 Maddox Street
London W1S 2PP

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