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Spread: 0.30 (2.308%)
Market Cap: £393.37m
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Partial Suspension Order Update

7 Mar 2016 08:56

RNS Number : 2316R
Metals Exploration PLC
07 March 2016
 

7 March 2016

 

METALS EXPLORATION PLC

 

Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), the natural resources exploration and development company with assets in the Pacific Rim region.

 

 

Runruno Project Update on the Partial Suspension Order

 

 

Partial Suspension Order Update

 

Further to the announcement of 26th January 2016, the Company confirms that it is continuing to work with the Mines and Geosciences Bureau (MGB) and diligently observing the verification process which should facilitate the partial suspension order being lifted. The completed rehabilitation and enhancement works are being verified by the MGB who is satisfying itself that the work is complete, the standard of works is compliant and that the third party geotechnical and design reports are satisfactory.

 

Once the MGB is satisfied and the partial suspension order lifted the Runruno Project will complete ore commissioning and move into commercial operations shortly thereafter.

 

 

 

 

For further information please visit or contact www.metalsexploration.com

 

Ian R. Holzberger

+63 (0) 9189 795 992

Nominated Adviser: STOCKDALE SECURITIES Ltd

(Chairman)

+61 (0) 418 886 165

Robert Finlay, Alastair Stratton, Edward Thomas

 +44 (0) 207 601 6100

Liam A. Ruddy

+61 (0) 498 648 615

(Company Secretary)

+44 (0) 7911 719 960

Public Relations: TAVISTOCK

Edward Portman; Jos Simson

+44 (0) 207 920 3150

Broker: SP ANGEL CORPORATE FINANCE LLP

Ewan Leggat;

+44 (0) 203 470 0470

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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