Metals Exploration PLC Runruno Gold project Update (4637Z)
March 15 2017 - 3:00AM
UK Regulatory
TIDMMTL
RNS Number : 4637Z
Metals Exploration PLC
15 March 2017
15 March 2017
METALS EXPLORATION PLC
(the "Company")
Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the
"Company"), the natural resources exploration and development
company with assets in the Pacific Rim region.
Runruno Gold project Update
Metals Exploration announces that it intends to commence
quarterly reporting of the activities of the Runruno Gold project
commencing Q1 2017, by 30 April.
Pursuant to its Financial and Technical Assistance Agreement the
Project remains in the "test running and debugging" phase. As part
of these works the Company has been successful in exporting the
gold doré produced.
Mining and processing operations are ramping up slower than had
been expected and this is almost entirely due to a prolonged period
of incessant rainfall and other factors which have restricted the
effective mining of waste materials. This has in turn adversely
impacted the grade and sulphur content of ore available for
processing. Mechanically both the mining fleet and the processing
plant have operated soundly.
The Company continues to closely manage its working capital
requirements under the current circumstances.
For further information please visit or contact
www.metalsexploration.com
Ian R. Holzberger (Executive +63 (0) 9189
Chairman) 795 992
+61 (0) 418 886
165
+63 (0) 918 979
Liam A. Ruddy (Company Secretary) 2931
+44 (0) 7911
719 960
Nominated Adviser and Broker: CANACCORD GENUITY
LIMITED
+44 (0) 207 523
Martin Davison, Joseph Dorey 4689
Public relations: TAVISTOCK
+44 (0) 207 920
Barnaby Hayward, Jos Simson 3150
This information is provided by RNS
The company news service from the London Stock Exchange
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