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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Metals Exploration Plc | LSE:MTL | London | Ordinary Share | GB00B0394F60 | ORD GBP0.0001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.60 | 12.63% | 5.35 | 5.20 | 5.50 | 5.35 | 4.75 | 4.75 | 1,106,074 | 09:57:03 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 124.41M | 8.75M | 0.0042 | 12.50 | 110.04M |
From Apr 2019 to Apr 2024
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
Hot Features
Premium
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
END
UPDEZLFFDXFEBBZ
(END) Dow Jones Newswires
March 15, 2017 03:00 ET (07:00 GMT)
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