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
Installation of 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
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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

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.

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