RCS - Metals Exploration - Publication of Fourth Sustainability Report

Metals ExplorationAnnouncement

22/05/2024 07:00

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RNS Number : 3438P  Metals Exploration PLC  22 May 2024

22 May 2024

 

METALS EXPLORATION PLC

 

PUBLICATION OF FOURTH SUSTAINABILITY REPORT

 

Metals Exploration plc (AIM: MTL) ("Metals Exploration", the "Company" or the
"Group"), a gold producer in the Philippines, is pleased to announce the
publication of its 100% owned subsidiary FCF Minerals' Fourth Sustainability
Report covering the Group's sustainability performance from 1 January 2022 to
31 December 2023.

 

View the Sustainability Report at www.metalsexploration.com/esg/esg-overview/
(https://apc01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmetalsexploration.com%2Fesg%2Fesg-overview%2F&data=05%7C02%7Cmike.langoulant%40metalsexploration.com%7Ca2829eac97c3478e52e108dc75a1de98%7Cd92325458dc74880b3199d7251cd0258%7C0%7C0%7C638514585340862520%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=f%2BIw4HuJEPxyHg2%2B3qmDre4GbPFXjilvOseyl%2F2bH8s%3D&reserved=0)
.

 

The biennial Sustainability Report covers two years of operations and presents
the initiatives and programs implemented during the reporting period. The
Sustainability Report also details material topics, sustainability
performance, and other operational highlights that provide all stakeholders
with an account of the Group's milestones and challenges faced during the
reporting period.

 

Highlights:

 

·   Economic contributions increased by 37% to PHP 9.3 billion
(approximately US$169.1 million) with products and services sourced from host
communities of PHP 222.1 million (approximately US$4.0 million)

·     Continued focus on employee safety with over 22 million man-hours
worked with no lost time injuries occurring

·    The Company's environment restoration programme saw 5.2 hectares of
land restored to its original habitat with over 12,800 trees donated from the
FCF nursery to the community, and 871 hectares of area protected - this
exemplary environmental restoration programme for the Company's mined-out
areas, saw FCF named third runner up in the Best Mining Forest Contest -
Metallic Category for both 2022 and 2023

·    Community initiatives, the Company's Social Development and
Management Programme, spans education, health, livelihood, infrastructure
development, and promoting preservation and respect for sociocultural values

·   A combined total of US$3.7 million funded projects such as the
Company's scholarship programme, early childhood education, and literacy
promotion; with 54 FCF scholars created in 2023 and 36 schools benefiting from
contributions.

·    The Company supported livelihood projects including the work of
weavers crafting indigenous textiles and farmers' banana chip and native
furniture ventures.

·    FCF was instrumental in the construction of hanging bridges that
provided a secure and stable means of crossing the river for schoolchildren
and farmers. Additionally, the Company supported the acquisition of
traditional indigenous attire and promoted cultural preservation through gong
beating training.

·    The Company has approximately 770 Philippine employees

·   The Company's activities and continued high standards in this area have
also been recognised through the receipt of a number of prestigious
international and local awards (as outlined in the Company's announcement
dated 11 December 2023)

 

Darren Bowden, CEO of Metals Exploration commented:

 

"The communities in which we operate remain at the heart of everything that we
do at FCF. Our vision remains to enhance the lives of our people and local
communities through responsible management of our natural resources building a
multi-project business whilst delivering performances that stakeholders are
proud of. This report shows how we plan to continue to achieve this.

 

"I would also like to take this opportunity to thank all our local
stakeholders, our partners, for their continued support and look forward to
working with them in the year ahead delivering our initiatives, giving back to
them; building a brighter future and delivering a legacy to them."

 

 

 

-      END    -

 

 

For further information please visit or contact:

 

 Metals Exploration PLC
 Via Tavistock Communications Limited     +44 (0) 207 920 3150
 Nominated & Financial Adviser:           STRAND HANSON LIMITED
 James Spinney, James Dance, Rob Patrick  +44 (0) 207 409 3494
 Financial Adviser & Broker:              HANNAM & PARTNERS
 Matt Hasson, Franck Nganou               +44 (0) 207 907 8500
 Public Relations:                        TAVISTOCK
 Jos Simson, Nick Elwes                   +44 (0) 207 920 3150

 

 

Web:                      www.metalsexploration.com
(http://www.metalsexploration.com)

Twitter:                  @MTLexploration
(https://twitter.com/MTLexploration)

LinkedIn:               Metals Exploration
(https://www.linkedin.com/company/metals-exploration-plc)

 

 

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