The Philippines

The Philippines is made up of over 7000 separate islands that lie just to the north of Malaysia and directly to the south of Taiwan. The numerous islands are divided into the following three administrative regions: Luzon; Visayas; and Mindanao. The nations' capital Manila is located in most northerly region of Luzon and provides a home to over 55% of the 76.5 million population.

The islands experience frequent earthquakes and volcanic activity owing to the county’s location on the Pacific Rim of Fire. The geology of the region also accounts for the extensive presence of rich minerals such as gold, silver, copper, zinc, and nickel, and traces of the islands’ long history of mining can be found dating back to well before Spanish colonisation in the 16th century.

Politically the islands have a history of occupation and civil unrest which has historically inhibited their ability to industrialise. More recent times indicate a bright ‘first world’ future for the nation with over 6% recorded economic growth in 2005 and a large number of international business processing units, call centres and mining companies being attracted to the islands.

Recent News

09.07.2008 - Appointment of Chairman and Finance Director
Metals Exploration is pleased to announce the appointment of Ian Holzberger as Executive Chairman and Tim Wheeler as Finance Director.
05.07.2008 - Scoping Study Update
Metals Exploration is pleased to provide an update on the progress of the Scoping Study being conducted on its Runruno gold molybdenum deposit in the Philippines
05.06.2008 - Grant of Additional Exploration Permits
Metals Exploration is pleased to announce that the Philippine Department of Environment and Natural Resources ("DENR") has granted two additional Exploration Permits to the Company.
16.05.2008 - Funds Raised via Placing
Metals Exploration is pleased to announce that the Company has raised £4.04 million (before expenses) through a placing of new ordinary shares at a price of 20p per share (the “Placing”).
15.04.2008 - Concept Study Completed
Metals Exploration is pleased to announce the results of its Concept Study into the economic viability of its 100% controlled Runruno gold-molybdenum (Au-Mo) project located in the Philippines.
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