PMEA Blog

Metals Exploration PLC (AIM: MTL) said the exploration permit (EP) covering the Runruno gold-molybdenum project in the Philippines has been renewed by the government for a year.

The EP granted to its unit FCF Minerals Corporation was renewed on July 31 2009 by the Director of the Mines and Geosciences Bureau (MGB) of the Department of Environment and Natural Resources (DENR). This extension will automatically terminate upon the approval of the conversion of the EP to a Financial or Technical Assistance Agreement (FTAA).

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