PMEA Blog

Metals Exploration, the Pacific Rim natural resources group, has updated its guidance on the economic parameters for its Runruno gold and molybdenum project on the island of Luzon in the northern Philippines.

The project was recently given a revised resource estimate of 1.5 million ounces of gold and 25.4 million pounds of molybdenum and is now set to target annual production of approximately 100,000 ounces of gold and 1 million pounds of molybdenum oxide over a minimum ten year mine life.

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