Metals Exploration plc plans to begin its delayed 6,000-metre drilling programme on the Manikbel prospect, in the South of the Abra gold tenement, in northern Philippines. MRE The company said it had wanted consultations with the local indigenous peoples before starting operations. Metals bought Abra in August 2024 through its purchase of the YMC Group. […]
Tag: Abra gold exploration project – Philippines
Metals wins PMIEA mining award for fourth year
Metals Exploration plc has won one of the Philippines’ highest government mining awards for the fourth consecutive year. CONTRIBUTION The company, which owns the Runruno gold mine and Abra exploration project, received the Presidential Mineral Industry Environmental Award (PMIEA) in the surface mining operation category 2025. One of its employees, Joshua Ambojnon, won Best Safety […]
Metals NED-PCA purchase 827,314 shares
Metals Exploration plc non-executive director Rob Marshall and a person closely associated with him have purchased in total 827,314 ordinary shares of £0.0001 in the company. On 21 May Mr Marshall bought 307,314 ordinary shares, each at a price of £0.0766, and on 22 May his PCA bought 520,000 ordinary shares, each at £0.0765. Following the […]
Metals completes Condor acquisition
Metals Exploration plc today took full ownership of Nicaragua-focused Condor Gold plc following yesterday’s High Court sanction. BOARD Condor non-executive chairman Jim Mellon is expected to be appointed to Metals’ board as a non-executive director, subject to regulatory checks. He will be paid a director’s fee on similar terms to Metals’ existing non-executive directors. All […]
Court sanctions Metals’ acquisition of Condor
Metals Exploration Ltd’s acquisition of Condor Gold plc has today been sanctioned by the High Court, with completion expected tomorrow. Following admission of 830,145,141 new Metals shares issued to Condor shareholders, Metals will have 2,965,438,788 ordinary shares of £0.0001 each in issue, of which 393,513,312 ordinary shares are held in treasury. The total number of […]
Condor and Metals agree terms for acquisition
Condor Gold plc and Metals Exploration plc have agreed the terms and conditions to the Metals’ recommended offer for Condor. DIVERSIFICATION Announced two days ago, the offer is intended to be implemented by means of a court-sanctioned scheme of arrangement, although Metals reserves the right to a takeover offer. Completion of the acquisition, which includes the flagship […]