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MANAGUA - Metals Exploration PLC (AIM:MTL) reported Tuesday that development of its La India gold project in Nicaragua is progressing according to schedule, with the Rock Creek gold processing plant now delivered to the country.
The processing plant arrived ahead of schedule at a Nicaraguan port, with unloading completed and equipment delivery to the La India site well advanced, according to the company’s press release statement. Plant erection activities remain on schedule to begin in October 2025.
Mine development earthworks for the processing facility and industrial area are approximately 95% complete, with final work underway on the run-of-mine pad. Building construction has begun following the relocation of artisanal miners from the project site and pit area through what the company described as an "orderly and agreed" process.
The company indicated that mine pre-strip activities are also underway at the site.
Metals Exploration maintains its target of commencing gold production by the fourth quarter of 2026.
The London-listed mining company has assets in both the Philippines and Nicaragua. The La India project represents the company’s development focus in Nicaragua, while details about production volumes and investment costs were not specified in the announcement.
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