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|Philippine Metals is focused on copper and copper-gold in the Philippines. The company has a current portfolio of high quality projects that were selected based on more than 12 years of in-country research, technical review and negotiations. Philippine Metals' owns more than 11,000 hectares of land that includes numerous historical workings, an historical mining district and a non NI 43 101 compliant resource of 40.0 million mT with average grades of 0.5 percent Cu and possibly 0.5 g/T Au.
The company is managed by a team with world-class experience in mineral exploration discovery and mine development as well as a strong financial track record with public companies. Its activities within the Philippines are carried out through its wholly-owned subsidiary Pacific Metals Corp.
Philippine Metals completed a Reverse Takeover ("RTO") with New Meridian Mining Corp., (TSXV: NWC.H) and, on April 7, 2010, began trading on the TSX Venture Exchange under the symbol "PHI"