Metals Exploration Limited

Published : June 24th, 2016

Mill update

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Mill update

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Metals Exploration PLC - MTL Released 10:32 24-Jun-2016

Runruno Gold Project Update

RNS Number : 2086C Metals Exploration PLC 24 June 2016

24 June 2016

METALS EXPLORATION PLC

(the "Company")

Runruno Gold Project Update

Metals Exploration plc (AIM: MTL) today reports that milling operations at Runruno have been suspended due to an issue with the feed end bearing on the mill. The mill has been undergoing "test running and debugging" operations as part of the commissioning and ramp up procedure. The issue is currently being fully assessed and representatives of the manufacturer CITIC are on site assisting. A further announcement will be made once the results of the assessment are known.

The carbon in leach circuit, BIOX® and ASTOR (cyanide destruction) circuits have commenced "test running and debugging" operations.

The Company will make further announcements in due course, as appropriate. For further information please visit or contact www.metalsexploration.com

Ian R. Holzberger +63 (0) 9189 795 992

(Chairman) +61 (0) 418 886 165

Liam A. Ruddy +61 (0) 498 648 615

(Company Secretary) +44 (0) 7911 719

960

Nominated Adviser: STOCKDALE SECURITIES Ltd

Robert Finlay, Edward Thomas +44 (0) 207 601 6100

Public Relations: TAVISTOCK

Edward Portman; Jos Simson +44 (0) 207 920 3150

Broker: SP ANGEL CORPORATE FINANCE LLP

Ewan Leggat +44 (0) 203 470

0470

This information is provided by RNS

The company news service from the London Stock Exchange

END

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Runruno Gold Project Update - RNS

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Metals Exploration Limited

DEVELOPMENT STAGE
CODE : MTL.L
ISIN : GB00B0394F60
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Metals Expl. is a gold and copper exploration company based in United kingdom.

Metals Expl. develops gold, copper and molybdenum in Philippines.

Its main asset in development is RUNRONO in Philippines and its main exploration properties are CAPAZ, DUPAX, SULONG and WORLDWIDE in Philippines and PURAY in Canada.

Metals Expl. is listed in United Kingdom. Its market capitalisation is GBX 11.4 billions as of today (US$ 13.5 billions, € 12.2 billions).

Its stock quote reached its highest recent level on October 03, 2008 at GBX 9.94, and its lowest recent point on March 08, 2019 at GBX 0.30.

Metals Expl. has 2 071 334 586 shares outstanding.

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Project news of Metals Exploration Limited
6/22/2011plc to remain AIM quoted and Runruno regional exploration up...
5/18/2011plc - step out drilling and regional exploration activities ...
3/30/2011plc - Operations update on matters relating to its Runruno g...
Corporate news of Metals Exploration Limited
7/26/2016Equity Raising
6/24/2016Results of AGM
6/24/2016Mill update
6/14/2016Runruno Gold Dore Pour
6/2/2016Form of Proxy for AGM
6/2/2016Chairman’s Letter to Shareholders
6/2/2016Annual Results 2015
6/2/2016Notice of Annual General Meeting
4/26/2016Results of the General Meeting
4/25/2016Lifting of Partial Suspension Order
4/25/2016Results of the General Meeting
4/8/2016Notice of General Meeting
4/8/2016Form of proxy for GM
3/22/2016Holding in Company
3/22/2016Partial Suspension Order Update
10/19/2015Results of General Meeting
9/29/2015Open Offer Application Form
9/24/2015Interim results for the six months period ended 30 June 2015
9/24/2015Total voting rights
8/7/2015Commissioning and Funding Update
7/1/2015AGM Company Presentation
7/1/2015AGM Results
4/16/2015Holding in Company – Baker Steel Capital Managers
4/16/2015Holding in the Company – Ruffer LLP
3/18/20152015 AGM Announcement
7/27/2012Outlook on Junior Precious Metals Explorers
5/21/2012PLC - Final Results for the Year Ended 31 December 2011
5/8/2012plc - Operational Update Quarter Ended 31 March 2012
1/26/2012plc - Runruno operations update
12/6/2011Corporate Update
10/24/2011plc - Runruno operational update
5/23/2011plc - Final results for the year ended 31 December 2010.
4/4/2011plc - Completion of Subscription and Shareholders' Agreement
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