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.
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.
The Dupax EPA comprises two separate blocks – Dupax (5,042 hectares) and Solano (3,814 hectares) – totaling some 8,856 hectares in area.
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.
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.
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%|
|Not in public hands||78.48%|
200 Strand London WC2R IDJ
Tel: (+44 20) 7539 7272
Phone: +44 (0) 207 869 5109
Fax: +44 (0) 207 869 8129
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
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