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Epic & Msn data
Epic MTL
Time: 16:30:04
Mid Price: 11.50
Change Today: 0.00
Change % Today: 0.00
Fifty Two Week High: 24.25
Fifty Two Week Low: 8.25
Market Capital: 31.02
Period & price data
Period Price
Now: 11.50
3 Months ago: 22.50
6 Months ago:
1 Year ago: 8.75
Additional information
Additional Information
Market: AIM
Sector: Gold Mining
Epic: MTL
News: Latest news
Web Site: Metals Exploration
Other Articles: 26-01-201022-12-200922-12-2009

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Tuesday February 09, 07:53Mediterranean Oil & Gas doubles proven and probable reserves for Ombrina Mare to 40 mmbbls

The good news gave a welcome boost to the group's share price, sending the stock up nearly 15 percent in early trade.

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Monday February 08, 09:33Tethys Petroleum achieves flow rates of over 5,400 bopd at AKD01 discovery in Kazakhstan

Current mapping indicates that the AKD01 well is in a downdip location on the prospect Doris with approximately 56 metres of elevation updip of the well, potentially bringing the entire lower reservoir into the oil zone.

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Tuesday February 09, 01:53Chindex International reports increasing medical and healthcare revenues

Healthcare products and services group Chindex International (NASDAQ: CHDX) reported increasing revenues as it continued to expand its operations in the People’s Republic of China (PRC).

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Metals Exploration

Metals Exploration

Metals Exploration Plc's primary objective is to discover and develop high value mineral resources within the Southeast Asia - Pacific region with particular emphasis on the Philippines. The Company is focused on increasing shareholder value through the acquisition, development and production from mineral resources, particularly gold, base metals and nickel.

A team of well qualified directors with a mix of complimentary skills and experience makes Metals Exploration a versatile explorer with a current portfolio of outstanding gold, base metals, and nickel projects. The Company has an aggressive strategy of reviewing opportunities as they arise with the aim of expanding and adding to its existing projects and resource base.

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Friday, November 20, 2009

Hanson Westhouse says 'hold' Metals Exploration after Runruno gold-moly project update

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Hanson Westhouse put a 'hold' rating on Metals Exploration (AIM: MTL) after the Philippines focused miner updated the resource estimate for its Runruno gold-molybdenum project, which reduced the overall resource after this year’s drilling did not support the previous interpretation of the inferred resource around the fringe of the deposit, but inceased the measured and indicated resource.

The new estimate reduced the contained gold estimate from 2Moz (million ounces) to 1.5Moz and the contained molybdenum from 34.4 million lbs to 25.4 million lbs, however, 57% of the updated resource is now in the measured and indicated categories, while drilling campaigns to expand this resource continue. Measured gold resource has doubled from 270,000 oz to 560,000 oz.

The geology still supports the interpretation of the mineralisation and the area remains a prospective exploration target, with its prospectivity currently being tested by ongoing drilling operations. Metals Exploration has also noted that artisanal miners were active within the area, giving a strong indication of the occurrence of additional mineralisation. So far, only about 20% of the complex has been explored, providing a possibility for discovery of further mineralisation.

In its note headlined "Less Ounces, More Certainty", the broker said the company will now have to complete an optimization study to consider the updated resource estimate and investigate the economic implications of a smaller operation. Hanson Westhouse analysts are expecting the feasibility study to be completed on its previously targeted timeframe of January 2010.

"We recommend that investors HOLD the stock until an optimisation study has been completed to provide confirmation of the economic viability of Runruno," Hanson Westhouse added.

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