Surface Mine Stage 1 – view1
Surface Mine Stage 1 – view2
Surface Mine Stage 1 – view3
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
RSI - spillway view
RSI - pond view1
RSI - pond view1
RSI - pond view2
RSI - pond view2

Latest News

28/04/2020 -- MTL Updated Mineral Reserve Estimate Read More
26/03/2020 -- MTL Operational Update Read More
19/02/2020 -- MTL Quarterly Update to 31 December 2019 Read More
31/01/2020 -- MTL Sale of Senior Facility Completed Read More
22/01/2020 -- Funding and Banking Update Read More
15/11/2019 -- Quarterly Update To 30 September 2019 Read More
13/09/2019 -- Interim results for the six month period ended 30 June 2019 Read More
08/08/2019 -- Quarterly Update To 30 June 2019 Read More
31/07/2019 -- Funding and Banking Update Read More
28/06/2019 -- Funding and Banking Update Read More
25/06/2019 -- Results of AGM Read More
25/06/2019 -- AGM Statement Read More
03/06/2019 -- Funding and Banking Update Read More
30/05/2019 -- Posting of Annual Report and Notice of AGM Read More
30/05/2019 -- MTL Annual Accounts Read More
03/05/2019 -- Funding & Banking Update Read More
24/04/2019 -- Quarterly Update To 31 March 2019 Read More
12/04/2019 -- Appointment of Nominated AdviserRead More
01/04/2019 -- Funding and Banking UpdateRead More
29/03/2019 -- Funding and Banking UpdateRead More
15/03/2019 -- Resignation of Nominated AdviserRead More
12/03/2019 -- Funding & Banking Update-Debt Standstill RequestedRead More
06/03/2019 -- Funding and Banking UpdateRead More
28/02/2019 -- Interim CFO AppointedRead More
27/02/2019 -- Results of Operational Review and ClarificationsRead More
18/02/2019 -- Amendment to Senior Lenders' Facility agreementRead More
08/02/2019 -- Banking UpdateRead More
05/02/2019 -- Appointment of Non-Executive DirectorRead More
31/01/2019 -- Banking UpdateRead More
30/01/2019 -- Quarter Ending 31 December 2018 operations updateRead More
25/01/2019 -- Holding in CompanyRead More
25/01/2019 -- Directorate ChangeRead More
25/01/2019 -- Appointment of ChairmanRead More
24/01/2019 -- Directorate ChangeRead More
16/01/2019 -- Corporate Update - Presentation Jan 2019Read More
16/01/2019 -- Corporate UpdateRead More
03/01/2019 -- Appointment of CEORead More


From 1969 to 1974, Fil-Am Resources Inc. (“Fil-Am”) completed a total of approximately 8,670 metres of diamond drilling over a strike length of approximately 800 metres, opened 3 adits and developed 800 metres of exploratory drives. Results of Fil-Am’s channel sampling of the drives returned significant results ranging up to 11.82 ounces/tonne gold (367 g/t Au) with the main area averaging 2.8 ounces/tonne gold (87 g/t Au) over 40 metres by 20 metres.

In 1974, Consolidated Goldfields of Australia Ltd. optioned the property from Fil-Am for one year, and in 1975 drilled 9 widely spaced diamond drill holes totalling 1,373 metres and excavated 142 test pits, 2-3 metres deep, over the more prospective areas of the property. Approximately 9,000 metres of drilling has been completed at Runruno.

In mid-1978, Fil-Am contracted two Japanese companies, Kurimoto Ironworks,Ltd. and Nissho Iwai and Co. Ltd. to conduct a feasibility study for its property based on the available diamond drill hole data. Kurimoto sub-contracted the geological, mining and metallurgical aspects of the feasibility study to Dowa Engineering Co. Ltd. In 1980 a feasibility report was produced, which gave an estimated resource, at 0.8 g/t Au cutoff, of 13.4 million tones grading 1.4 g/t Au and 3.29 g/t Ag for contained 600,000 ounces of gold.

In November 1980, Golden Arrow Mining Company, a subsidiary of Apex Mining Company took an option over the property and reportedly completed 17 diamond drill holes totalling 1,819 metres. No further work was carried out until they relinquished the option in 1987 due to financial and internal management problems.

In 1995, Base Metal Mineral Resources (BMMR), a subsidiary of London Fiduciary Trust PLC, executed a Mines Operating Agreement (MOA) with Fil–Am Resources (Fil-Am) allowing the former exclusive rights to explore, develop and operate the property. During 1996, Newmont Philippines, Inc. conducted a field investigation and evaluation of the property. Later, additional tenements were incorporated into a joint venture agreement with three other parties, which in 2000, was then joint ventured to Greenwater Mining Corporation (Greenwater), an 80%-owned subsidiary of Placer Greenwater Pty. Ltd. of Singapore (100%-owned subsidiary of Placer Dome Exploration of Canada). The project then covered some 12,390 hectares of land area.

Towards the end of 2000 and early 2001, Greenwater completed 11 diamond drill holes for a total of 2,020 metres. Only two holes were drilled through the main mineralized zone with another two abandoned after penetrating the upper contact of the zone. The remaining holes targeted geophysical anomalies elsewhere within the tenement. Best results from this program are 24m @ 1.74 g/t Au from 42 metres and 12m @ 2.06 g/t Au from 140 metres in hole RUD-0001, and 10m @ 3.91 g/t Au & 246ppm Mo from 4 metres; 8m @ 4.45 g/t Au & 404ppm Mo from 28 metres and 30m @ 2.07 g/t Au & 749ppm Mo from 72 metres. Following the withdrawal of Greenwater from the JV in 2002, the Runruno tenement (3,091 hectares) was assigned back to FCF Mining Corporation (FCF).