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


The Runruno deposit is located at the intersection of the margins of two district-scale calderas, major NE and NW fault lines and several late, small volume, composite volcanic centres.

Significant local uplift, intensive alteration and mineralisation demonstrate the presence of a large gold system with the geological potential to provide a significant resource of both gold and molybdenum

Evidence from previous studies indicate the potential for significant further exploration beyond the exiting Runruno resource area. Evidence has been amassed via drilling, test pit Au+Mo+As anomalies and PDX sampling and mapping. This was supported further in March 2008 following a site visit by Dr Eric Jensen, an expert on alkaline intrusive gold mineralisation, where the potential for further mineralisation within the immediate area was highlighted.

Exploration currently focuses on a volcanic centre measuring ~3km in diameter. Geological features in this area include a syentic-monzonite intruded into a coeval trachytic, volcanoclastic and tuffaceous volcanics. The area is extensively argillised and argillic with alteration caps N to NE and trending zones of intense sulphide-phyllic alteration around the western and southern rim of the centre. Linear phyllic zones are exposed over a 1000-m x 200-m area within the argillic alteration at Cobocbocan Creek (~750-m ASL.) A broad (2600-m X 800-m) E – W moderate phyllic zone is located on the northern margin of the volcanic centre. The argillic cap is present from ~750-m ASL to the Cobocbocan Peak (970-m ASL.) Mineralisation appears constrained between 500-m to 750-m ASL.

Past sampling and drilling have established economic grade intercepts within these intense phyllic zones and further exploration and evaluation has demonstrated large untested extensions to the E and SE that may continue under and be obscured by the argillic alteration cap.