SurfaceMine-1
Surface Mine Stage 1 – view1
SurfaceMine-2
Surface Mine Stage 1 – view2
SurfaceMine-3
Surface Mine Stage 1 – view3
SurfaceMine-4
Surface Mine Stage 1 – view4
Surface Mine Stage 1 – view5
Surface Mine Stage 1 – view5
Stage 1
Surface Mine Stage 1 – view6
Aerial view of ROM pad and Process Plant
Aerial view of ROM pad and Process Plant
Aerial view of Process Plant
Aerial view of Process Plant
ROM Pad
ROM Pad
RSI
RSI - spillway view
RSI - pond view1
RSI - pond view1
RSI - pond view2
RSI - pond view2

Latest News

19/06/2018 -- Results of AGMRead More
19/06/2018 -- Company AGM PresentationRead More
24/05/2018 -- Annual Results 2017Read More
24/05/2018 -- Notice of Annual General MeetingRead More
24/05/2018 -- Chairman's Letter to ShareholdersRead More
24/05/2018 -- Form of Proxy for AGMRead More
18/05/2018 -- Notice of Annual General MeetingRead More
10/05/2018 -- Directors ResignationsRead More
20/04/2018 -- Quarter ending 31 March 2018 operations updateRead More
16/04/2018 -- Director's Share DealingsRead More
10/04/2018 -- Director's Share DealingsRead More
27/03/2018 -- Standby FundingRead More
23/01/2018 -- Quarter ending 31 December 2017 updateRead More

Runruno

Runruno is located 200 miles north of Manila in the mineral rich province of Nueva Viscaya. The area has been known to be abundant in gold and other precious metals since the early 1960s and has enjoyed a varied exploration history.

Metals Exploration first became involved with the Runruno deposit in 2005 and has undertaken extensive scientific and geological surveys since, with extremely encouraging results. In May 2010 the Company announced the results of the Runruno project Feasibility Study which confirmed the viability of the project, projecting average production of 96,700oz of gold per annum over a mine life of 10.4 years, at an average forecast operating cost $477/oz gold before any molybdenum credits. The capital cost is forecast to be US$149.3 million, with payback within 3.5 years at US$1,000/oz gold. The Runruno project will be an surface mine operation, and will use the proven BIOX® and carbon in leach processes to recover gold and molybdenum.

Work to date has defined a resource of 1.42 million ounces (Moz) of gold, and 25.6 million pounds (Mlb) of molybdenum with 900,000oz gold reporting to the Measured and Indicated categories and 780,000oz gold within the Mining Proven & Probable Reserve category.

The deposit is located within a large alkaline volcanic complex, approximately 3.5 kilometres in diameter, of which less than 15% has been effectively explored presenting substantial exploration upside.

For a full resource estimate please see the Runruno Resource page.