Metals Exploration PLC (MTL)

Metals Exploration PLC (MTL)

Metals Exploration PLC (MTL) - Runruno Scoping Study Update

Metals Exploration PLC, the natural resources exploration and development Company with assets in the Pacific Rim region, is pleased to provide an update on the progress of the Scoping Study being conducted on its Runruno gold-molybdenum deposit in the Philippines.

? BIOX® technology selected as the preferred processing technology following a detailed assessment of the gold and potential molybdenum recovery and the likely capital and operating costs.
? Ausenco well advanced in process design and capital and operating cost estimation.
? Diamond and RC drilling completed for this stage.
? Design and costing of infrastructure components proceeding well with no fatal flaws identified.
? Study expected to be finalised in late August – early September

Jonathan Beardsworth, Chief Executive of Metals Ex, said:
"It is pleasing to be able to report that the Scoping Study is making such good progress across a range of disciplines – in-fill drilling, resource update, mineplanning, selection of process route, likely moly recoveries, and infrastructure studies. Our confidence in the resource and the likelihood of being able to develop a mine at Runruno grows with every report received”

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