REG - Metals Exploration - La India Development Update

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RNS Number : 4891Y  Metals Exploration PLC  09 September 2025

9 September 2025

 

METALS EXPLORATION PLC

 

La India Development Update

 

Metals Exploration plc (AIM: MTL) ("Metals Exploration", the "Company" or the
"Group"), a gold production, exploration, and development company with assets
in the Philippines and Nicaragua, is pleased to announce that development and
construction activities at the La India project in Nicaragua are progressing
to schedule.

 

Further to the Company's announcement of 4 August 2025, the Rock Creek gold
processing plant arrived ahead of schedule at the port in Nicaragua. Unloading
is now complete, and delivery of equipment to the La India site is well
advanced. The commencement of plant erection activities remains on schedule
for October 2025.

 

Mine development earthworks associated with the processing facility and the
mine industrial area are now approximately 95% complete, with the run-of-mine
("ROM") pad currently being finalised. The construction of site buildings and
infrastructure is well underway following the orderly and agreed decamping of
all artisanal miners from the project site and pit area.

 

A video of progress at La India can be found on the Company's website by
following the below link:

 

https://metalsexploration.com/news/company-media/
(https://metalsexploration.com/news/company-media/)

 

Darren Bowden, CEO of Metals Exploration, commented: "We are delighted with
the progress being made at La India as we continue to advance our development
programme. I recently visited the La India site and was pleased to see the
project coming to life, with earthworks being completed in the mine industrial
area and mine pre-strip activities well under way, following the fair and
constructive agreement being reached with the artisanal miners to vacate the
mining areas. Excitingly, the Rock Creek plant has now been unloaded at the
port in Nicaragua, and all components already delivered to site, in
preparation for assembly, on schedule, in October 2025.

 

"The current progress reinforces our target of gold production commencing by
Q4 2026. I look forward to visiting the site again soon and providing further
updates as work advances."

 

 

 

Figure 1: Ocean freighter carrying the Rock Creek plant berthed in Nicaragua

 

 

Figure 2: Unloading of Rock Creek plant

 

 

Figure 3: Rock Creek plant arriving at La India site

 

 

 

Figure 4: Process plant site earthworks

 

 

Figure 5: Building construction

 

 

END

 

For further information, please contact or visit:

 

 Metals Exploration PLC
 Via BlytheRay                                   +44 (0) 207 138 3204

 Nominated & Financial Adviser:                  STRAND HANSON LIMITED
 James Spinney, James Dance, Rob Patrick         +44 (0) 207 409 3494
 Joint Broker:                                   HANNAM & PARTNERS
 Matt Hasson, Franck Nganou                      +44 (0) 207 907 8500

 Joint Broker                                    PANMURE LIBERUM

 Scott Mathieson, Amrit Mahbubani, Zak Wadud     +44 (0) 20 3100 2000

 Public Relations:                               BLYTHERAY
 Megan Ray, Said Izagaren                        +44 (0) 207 138 3204

metalsexploration@blytheray.com

 

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

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

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

 

Forward Looking Statements

Certain statements relating to the estimated or expected future production,
operating results, cash flows and costs and financial condition of Metals
Explorations, planned work at the Company's projects and the expected results
of such work contained herein are forward-looking statementswhich are based on
current expectations, estimates and projections about the potential returns of
the Group, industry and markets in which the Group operates in, the Directors'
beliefs and assumptions made by the Directors. Forward-looking statements are
statements that are not historical facts and are generally, but not always,
identified by words such as the following: "expects", "plans", "anticipates",
"forecasts", "believes", "intends", "estimates", "projects", "assumes",
"potential" or variations of such words and similar expressions.
Forward-looking statements also include reference to events or conditions that
will, would, may, could or should occur. Information concerning exploration
results and mineral reserve and resource estimates may also be deemed to be
forward-looking statements, as it constitutes a prediction of what might be
found to be present when and if a project is actually developed.

 

These statements are not guarantees of future performance or the ability to
identify and consummate investments and involve certain risks, uncertainties
and assumptions that are difficult to predict, qualify or quantify. Among the
factors that could cause actual results or projections to differ materially
include, without limitation: uncertainties related to raising sufficient
financing to fund the planned work in a timely manner and on acceptable terms;
changes in planned work resulting from logistical, technical or other factors;
the possibility that results of work will not fulfil projections/expectations
and realize the perceived potential of the Company's projects; uncertainties
involved in the interpretation of drilling results and other tests and the
estimation of gold reserves and resources; risk of accidents, equipment
breakdowns and labour disputes or other unanticipated difficulties or
interruptions; the possibility of environmental issues at the Company's
projects; the possibility of cost overruns or unanticipated expenses in work
programs; the need to obtain permits and comply with environmental laws and
regulations and other government requirements; fluctuations in the price of
gold and other risks and uncertainties.

 

The Company expressly disclaims any obligation or undertaking to disseminate
any updates or revisions to any forward looking statements contained herein to
reflect any change in the Group's expectations with regard thereto or any
change in events, conditions or circumstances on which any such statements are
based unless required to do so by applicable law or the AIM Rules.

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