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Metals Exploration PLC’s rehab works being verified

Metals Exploration PLC is continuing to work with the Mines and Geosciences Bureau (MGB) in the Philippines ahead of commercial operations at its Runruno mine in the Philippines.
Metals Exploration PLC’s rehab works being verified
"Once the MGB is satisfied and the partial suspension order lifted the Runruno project will complete ore commissioning and move into commercial operations shortly thereafter."

Metals Exploration PLC  (LON:MTL)  is continuing to work with the Mines and Geosciences Bureau (MGB) in the Philippines ahead of commercial operations at its Runruno mine in the Philippines.

Last year certain mine construction works were suspended while it dealt with impacts from Typhoon Lando (Koppu). It had to carry out rehabilitation and clean up works.

Today, Metals said the completed rehabilitation and enhancement works were being verified by the MGB.

"Once the MGB is satisfied and the partial suspension order lifted the Runruno project will complete ore commissioning and move into commercial operations shortly thereafter."

In January, the group said it had agreed a new debt repayment timetable with the financiers of the mine after first gold was delayed.

Shares were unchanged at 4.125p.

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