La India Gold Project Expansion

planned

Metals Exploration has secured four new exploration concessions totaling about 64,400 hectares adjacent to its La India Gold Project in Nicaragua. The concessions are on 25-year terms with a 3% gross royalty and escalating surface fees. The expanded land package includes four priority targets: La Grecia, San Cristobal, Dos Hermanos, and Las Cruces, showing strong mineralisation indicators. The company plans rehabilitation of old workings, trenching, mapping, and soil sampling ahead of drilling, with a near-term focus on bringing La India into production, targeting initial gold output by the end of 2026.