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

AIM Rule 26

Since the amendments to the AIM Rules for Companies were introduced on 20 February 2007 by the London Stock Exchange, each AIM company must maintain a website on which certain information is to be made available to the public free of charge. This information is currently available on the Metals Exploration Plc website in the most appropriate section, but the Exchange have recommended that it also be available on a single page.

In this page we provide the corporate information pertaining to Metals Exploration plc in one place, with direct links to documents hosted on a different page in the website.

Corporate Governance :

The Board of Directors is committed to maintaining a high standard of corporate governance cognizant of the stage of development of the Group. Corporate governance is recognised as an evolving standard which the Directors regularly review as the Group moves towards commercial production.

The Board is accountable to the Company's shareholders and it exercises good governance principles to achieve the goals of the Company. It meets in person approximately every six weeks in either the United Kingdom or the Philippines to determine Group strategy, reviewing executive management performance, and evaluating risk and controls. If there are special matters to attend to it will meet to address these whenever required.

The Board currently comprises three Directors, one executive-director and two non-executive Directors. During 2017 there were fifteen (15) Board/Committee meetings and during 2016 there were twenty five (25) Board/Committee meetings.

An agenda and supporting documentation is circulated to every Director and attendee in advance of each meeting. The Directors apply individual judgement on the various issues affecting the Group and all have full and timely access to information necessary to enable them to discharge their duties. Non-executive Directors are not appointed for specific terms. Each year one third of the Directors are up for re-election at the Annual General Meeting and each new Director is subject to election at the next Annual General Meeting following the date of their appointment.

There are four committees supporting the Board of Directors; Share Allocations Committee, Remuneration Committee, Audit Committee and Risk Committee.

City Code - Takeovers and Mergers :

Metals Exploration plc is subject to the City Code on Takeovers and Mergers.

Admission to AIM :

Metals Exploration plc was admitted to the Alternative Investment Market for trading its shares on 22 October 2004.

Description of Business:

Metals Exploration Plc`s objective is to discover and develop high value gold, copper and other mineral resources within the Southeast Asia - Pacific region with immediate emphasis on the Philippines. We are focused on increasing shareholder value through the acquisition and development of mineral exploration properties in Southeast Asia, and in particular the Philippines.

Metals Exploration Plc`s management strategy and corporate plan is to:

  • Provide Shareholders with the capital growth potential that the discovery of a world class mine can deliver.
  • Use financial modelling to ensure that the targets being sought are of the style to deliver a low-cost position on the production-cost curve.
  • Undertake minimum industry best practice, cost-effective and precise exploration on those targets most likely to deliver real Shareholder wealth.
  • After normalising mine operations at Runruno, to maintain a "queue" of projects ranging from grass-roots exploration through to well-advanced resource projects to projects requiring definitive feasibility studies.
  • Manage the real value of its tenement portfolio by advancing short-term value projects, Joint Venturing long-term value projects requiring significant capital, or by selling off those assets which deliver immediate value to the shareholders.
  • To conduct operations in a safe and environmentally responsible manner; to offer employment opportunities to those who live in the exploration project areas, and to respect the indigenous culture of the exploration provinces and promote social and economic development for the traditional custodians.

Director Details:

Please see the Directors page for full details.

Country of Origin:

Metals Exploration PLC is incorporated in England and Wales (Registered Number: 05098945), with its registered office at: 200 Strand London WC2R IDJ. The main country of operation is the Philippines. For further details of our projects in the Philippines please see the Projects area of the site.

Current Constitutional Documents:

The Memorandum and Articles of Association of the Company are available on the Subscription and Shareholders Agreement page.

Exchange Information:

The Company currently trades on the London Stock Exchange AIM as 'MTL'. For further information please visit the London Stock Exchange website page for Metals Exploration Plc.

Securities Information:

Information concerning securities in issue, as well as the identity and percentage holdings of its significant shareholders is available on our Capital Structure page.

Restrictions on the Transfer of Securities:

There are no restrictions on the transfer of securities.

Financial Reporting:

All financial reports made available by us can be downloaded from the Financials page within the Investor Relations area of this website.

Notifications over last 12 months:

All announcements made by the Company are available within the Investor Relations area of this website on the Company News page.

Admission Document and Publication:

The AIM admission document can be downloaded from the Investor Relations area of our website. All other documents such as broker reports, interim results and Annual reports are also available for download from the Investor Relations area.

Advisers:

Please see the Advisers page for full details.