After complying with the mandatory requirements   provided under RA 7942 or the Philippine Mining Act of 1995 and its Implementing Rules and Regulations, an   Exploration Permit was granted to Movably Efficient Mining Corporation by the Mines and Geosciences Bureau X   during the signing and approving ceremony on May 25, 2022 held at the MGB X Conference Room.

This Exploration Permit covers an area of One Hundred Sixty-Nine and 19.11/100 (169.1811) hectares situated in the Municipality of Manticao, Misamis Oriental.

An Exploration Permit (EP) is an initial mode of entry in mineral exploration allowing a qualified person to undertake exploration activities for mineral resources in certain areas open to mining in the country.  This Permit gives the right to conduct exploration for all minerals in specified areas.

Exploration activities allowed under an Exploration Permit include boundary survey, semi-detailed to detailed geologic mapping, mineral analysis, soil analysis, drilling, rock sampling and geochemical Soil Sampling.  Contrary to some perception, an Exploration Permit is not a Mining Permit that allows a Permit Holder to undertake mining activities or operations of any kinds of minerals.