RTG Mining Inc (ASX: RTG; TSX: RTG) holds a 40% interest in Mt. Labo Exploration and Development Corporation, which owns the high-grade Mabilo copper-gold project in the Philippines, alongside Philippine partner TVI Resource Development (Phils.) Inc. RTG additionally holds a 2% Net Smelter Royalty and has advanced a loan of approximately US$27M to the JV, to be repaid from Stage 1 Direct Shipping Ore (DSO) proceeds. Stage 1 DSO draws mainly on 0.104 Mt of supergene chalcocite ore at an average reserve grade of 20.7% Cu and, with other DSO material, is expected to produce approximately 25,200 t of copper and 52,900 oz of gold, fully funded via a binding finance and offtake term sheet with Glencore International AG. RTG reported cash and liquid assets of A$8.3M as at 30 June 2026.
Notable vs. Peers
- Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.7/10.
Lifecycle Milestones
Not in place: mill, tailings facility. Not yet determined: grid power.
Jurisdiction (40%)6/10
The Mabilo project is in Camarines Norte, in the Philippines' Bicol Region, where the large-scale mining framework is established but sometimes locally contentious. Permitting and local-government consultation steps remain, though the project has a binding Glencore finance and offtake term sheet and an operating Philippine joint-venture partner, TVI Resource Development.
Infrastructure (40%)4.3/10
No confirmed mill, confirmed road access, and no confirmed tailings facility at Mabilo Copper-Gold Project, Camarines Norte, Philippines; grid power not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Masbate (Filminera Resources Corporation), 195 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:0.2/10
Nearest producing mine: Masbate (Filminera Resources Corporation), 195 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:10/10
Stage: Feasibility Study
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:6/10
Philippines: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:8/10
Primary commodity: Copper
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chairman of RTG Mining Inc. Chartered Accountant with 30+ years' experience in the resources sector. Previously CEO of Resolute Mining and Chairman of AGR and CGA Mining; developed seven major gold mines across five countries.
CEO and Executive Director of RTG Mining Inc. Chartered Accountant who headed the corporate and finance areas for Resolute Limited for 6 years. Commerce Degree, University of Western Australia. Focuses on commercial development and new business opportunities.
COO of RTG Mining Inc. Mining Engineer with 30+ years' experience in the resources sector. Degree from the University of New South Wales; Fellow of the AUSIMM. Previously General Manager Operations at Resolute Mining.
Non-Executive Director of RTG Mining Inc. Fellow of the Institute of Chartered Accountants in Australia with 35+ years' experience as a corporate advisor. Former senior partner at KPMG and Arthur Andersen. Currently chairs Twenty Seven Co Ltd and Castillo Copper Ltd.
Non-Executive Director of RTG Mining Inc. Mining Engineer and Metallurgist with 50+ years' experience in the mining industry, emphasizing gold and nickel operations in both underground and open-pit settings.
Non-Executive Director of RTG Mining Inc. Legal professional with 40+ years' legal experience specializing in civil and criminal matters across international jurisdictions. Former partner at White & Case in New York.
Non-Executive Director of RTG Mining Inc. Chief Investment Officer and President of Equinox Partners Investment Management; 20-year track record as an investor in precious metals mining and emerging markets equities.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
RTG Mining holds a 40% interest in Mt. Labo Exploration and Development Corporation, owner of the high-grade Mabilo copper-gold project in Camarines Norte, Philippines, alongside Philippine partner TVI Resource Development, and it also holds a 2% net smelter royalty and has lent the joint venture about US$27M, to be repaid from Stage 1 proceeds. On a 100% project basis, Mabilo's 2015 resource includes 8.86 Mt indicated at 1.9% copper and 2.0 g/t gold, containing 169,800 t of copper and 577,600 oz of gold, and its 2016 probable reserve is 7.79 Mt at 1.95% copper and 2.04 g/t gold. Stage 1, a direct-shipping operation on high-grade supergene chalcocite ore, is expected to produce about 25,200 t of copper and 52,900 oz of gold and is fully funded through a binding finance and offtake term sheet with Glencore. A final investment decision is targeted for early in the fourth quarter of 2026, with permitting for the direct-shipping ore described as in its final stages and operations expected to start about 8 months after the decision. RTG reported cash and liquid assets of A$8.3M at 30 June 2026.