Process plant
Process Plant
Emergency Stockpile
Emergency stockpile
Process Plant
ASTER and Sag mill sections of the Process Plant
CCD-BIOX-ASTER tanks
CCD/BIOX/ASTER tanks
CIL
CIL tanks
Neutralization tanks
Neutralizaton tanks
pipes
Piping
pipes
Piping
Air-Water services
Air/Water services
RSI bridge
Bridge that will hold the RSI pipes
RSI pipes
Pipes leading to RSI
BIOX laboratory
BIOX laboratory
BIOX laboratory
Switch yard
Mine access road
Mine access road
Safety berm placed along mine access road.
Safety berm placed along mine access roads.
Slope rehab
Slope rehabilitation
Gabion wall to protect river from flooding
Gabion wall to protect river from flooding
female driver
Female driver driving Komatsu HB785-7
Power lines
Power lines in full operation
Fully constructed road rehabilitation
Fully constructed road rehabilitation
Water system
Slope rehabilitation along the processing plant site
Slope rehabilitation along the processing plant site
Nursery
Regular water quality, air and noise monitoring are conducted within the FTAA area
Regular water quality, air and noise monitoring are conducted within the FTAA area
The company donated 1 Million coffee seedlings for the National Greening Program of the Philippine government.
Company donated 1 Million coffee seedlings for the National Greening Program of the Philippine government
Company-sponsored student scholars visiting the project site are given an orientation by a senior geologist
Two scholars of the company recently finished college education
Two scholars of the company recently finished college education
Community pharmacy and medical clinic funded by the company to cater to health needs of the community.
School children beneficiaries of feeding program
Basic Learning Program are given to adults who were not able to go to regular school
Aside from jobs, the community are given livelihood to help them stand on their own feet after the project decommissions
Animal dispersal as part of the livelihood program for the community
Medical mission, feeding program and other program for the benefit of the community

Latest News

15/04/2015 -- Holding in the Company – Ruffer LLPRead More
15/04/2015 -- Holding in Company – Baker Steel Capital ManagersRead More
15/04/2015 -- Holding in the Company – Ruffer LLPRead More
18/03/2015 -- 2015 AGM AnnouncementRead More
23-02/2015 -- Operational Update to 13 February 2015Read More
19/01/2015 -- Director resignation and appointmentRead More

AIM Rule 26

Since the amendments to the AIM Rules for Companies were introduced on 20 February 2007 by the London Stock Exchange, each AIM company must maintain a website on which certain information is to be made available to the public free of charge. This information is currently available on the Metals Exploration Plc website in the most appropriate section, but the Exchange have recommended that it also be available on a single page.

In this page we provide the corporate information pertaining to Metals Exploration plc in one place, with direct links to documents hosted on a different page in the website.

Corporate Governance :

The Board of Directors is committed to maintaining a high standard of corporate governance cognizant of the stage of development of the Group. Corporate governance is recognised as an evolving standard which the Directors regularly review as the Group moves towards commercial production.

The Board is accountable to the Company's shareholders and it exercises good governance principles to achieve the goals of the Company. It meets in person approximately every six weeks in either the United Kingdom or the Philippines to determine Group strategy, reviewing executive management performance, and evaluating risk and controls. If there are special matters to attend to it will meet to address these whenever required.

The Board currently comprises six Directors, one executive-director and five non-executive Directors. During 2013 there were fifteen (15) Board/Committee meetings and during 2014 there were thirteen (13) Board/Committee meetings.

An agenda and supporting documentation is circulated to every Director and attendee in advance of each meeting. The Directors apply individual judgement on the various issues affecting the Group and all have full and timely access to information necessary to enable them to discharge their duties. Non-executive Directors are not appointed for specific terms. Each year one third of the Directors are up for re-election at the Annual General Meeting and each new Director is subject to election at the next Annual General Meeting following the date of their appointment.

There are four committees supporting the Board of Directors; Share Allocations Committee, Remuneration Committee, Audit Committee and Hedging Committee.

City Code - Takeovers and Mergers :

Metals Exploration plc is subject to the City Code on Takeovers and Mergers.

Admission to AIM :

Metals Exploration plc was admitted to the Alternative Investment Market for trading its shares on 22 October 2004.

Description of business:

Metals Exploration Plc`s objective is to discover and develop high value gold, copper and other mineral resources within the Southeast Asia - Pacific region with immediate emphasis on the Philippines. We are focused on increasing shareholder value through the acquisition and development of mineral exploration properties in Southeast Asia, and in particular the Philippines.

Metals Exploration Plc`s management strategy and corporate plan is to:

  • Provide Shareholders with the capital growth potential that the discovery of a world class mine can deliver.
  • Use financial modeling to ensure that the targets being sought are of the style to deliver a low-cost position on the production-cost curve.
  • Undertake minimum industry best practice, cost-effective and precise exploration on those targets most likely to deliver real Shareholder wealth.
  • Maintain a "queue" of projects ranging from grass-roots exploration through to well-advanced resource projects to projects requiring definitive feasibility studies.
  • Manage the real value of its tenement portfolio by advancing short-term value projects, Joint Venturing long-term value projects requiring significant capital, or by selling off those assets which deliver immediate value to the shareholders.
  • To conduct operations in a safe and environmentally responsible manner; to offer employment opportunities to those who live in the exploration project areas, and to respect the indigenous culture of the exploration provinces and promote social and economic development for the traditional custodians.

Director Details:

Please see the Directors page for full details.

Country of Origin:

Metals Exploration PLC is incorporated in England and Wales (Registered Number: 05098945), with it’s registered office at: 200 Strand London WC2R IDJ. The main country of operation is the Philippines. For further details of our projects in the Philippines please see the Projects area of the site.

Current constitutional documents:

The Memorandum and Articles of Association of the Company are available on the Subscription and Shareholders Agreement page.

Exchange Information:

The Company currently trades on the London Stock Exchange AIM as 'MTL'. For further information please visit the London Stock Exchange website page for Metals Exploration Plc.

Securities Information:

Information concerning securities in issue, as well as the identity and percentage holdings of its significant shareholders is available on our Capital Structure page.

Financial Reporting:

All financial reports made available by us can be downloaded from the Financials page within the Investor Relations area of this website.

Notifications over last 12 months:

All announcements made by the Company are available within the Investor Relations area of this website on the Company News page.

Admission Document and Publication:

The AIM admission document can be downloaded from the Investor Relations area of our website. All other documents such as broker reports, interim results and Annual reports are also available for download from the Investor Relations area.

Advisers:

Please see the Advisers page for full details.

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