Keypoints

• The Runruno project comprises one granted Exploration Permit (EP-II-13) and is located some 200 miles to the north of Manila in Northern Luzon.
• 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.
• 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.
• Metals Exploration`s focus at Runruno is the continued development of gold and molybdenum resources. Although there has been a substantial amount of previous exploration in the area, none have capitalised on the presence of molybdenum.
• Since 2005, Metals Exploration’s staff have undertaken a structural analysis of the deposit, field mapping, general sampling, and the extensive sampling of small scale miners’ tunnels. This has led to a series of resource upgrades - for more details please see the History page.
• Metals Exploration has established strong links with the community through the Runruno Foundation, which provides education, skills training and infrastructure development to the local people.