Metals X Limited · ASX:MLX
Metals X — Investor Presentation (April 2021)
22 slides from Metals X's investor presentation, April 2021
Slide 1: Australia's Premier Tin Producer
AUSTRALIA’S PREMIER TIN PRODUCER CORPORATE PRESENTATION – APRIL 2021 Focus on increasing resources, reserves and margins ASX: MLX
Slide 2: Cautionary Statement & Disclaimer
Cautionary Statement & Disclaimer This Presentation has been prepared by Metals X Limited (“Metals X”, “MLX” or the “Company”). GENERAL DISCLAIMER This Presentation contains summary information about the Company’s activities current as at the date of this Presentation. The information in this Presen
Slide 3: A Focused Strategy to Deliver Shareholder Value
A Focused Strategy to Deliver Shareholder Value Strong future cashflow from high value and high margin operations • Renison Tin Operation (50%)1: MLX Share Price to 7 April 2021 • 2020 Life of Mine Plan confirmed 10-year Life-of- Mine • Area 5 investment of $50 – 55 million being funded through posi
Slide 4: Corporate Overview
Corporate Overview Capital Structure Current Board Shares on issue 907,266,067 Executive Director – Brett Smith • 30 years experience in resources, coal and iron ore Share price (as at 14 April 2021) A$0.215 • Currently Executive Director of Dragon Mining Limited, APAC Resources Limited and Non-Exec
Slide 5: Renison (50%) - A World Class Tin Operation
Renison (50%) - A World Class Tin Operation High grade Area 5 increases Life-of-Mine, delivers sustained strong margins • Area 51: Life-of-Mine Financials (average A$28,500/t Sn)2, 3 • Ore Reserve: 3.3 Mt @ 1.87% Sn for 61,900 t Sn Tin-in-concentrate 98,000 tonnes • Capital cost of $50 - 55 million
Slide 6: Tin Price Driven by Technology Demand
Tin Price Driven by Technology Demand • Renewable energy, new technology and the rapidly evolving battery industry to drive future tin demand: electric vehicles, energy storage, solar energy, thermoelectrics. • Tin in solder (main application as desired lead-free, non- toxic solder) forecast to trac
Slide 7: Renison Tin – 50% MLX
—— RENISON TIN — 50% MLX
Slide 8: Renison High Grade Area 5 Lifts Tin Production
Renison High Grade Area 5 Lifts Tin Production • High grade Area 5 Ore Reserve: 3.3 Mt @ 1.87% Sn for 61,700 t Sn1: • ~ 40% of contained tin in Life-of-Mine • Initial stope mining has commenced and will ramp up over two years • Continuation of Open Stope mining with cemented backfill • Key capital i
Slide 9: Life of Mine Plan Production Areas
Life of Mine Plan Production Areas Mineral Resource: 18.55 Mt @ 1.57% Sn for 291,600t Sn1 Ore Reserve: 8.61 Mt @ 1.40% Sn for 120,300 t Sn1 Renison Long Section showing Life-of-Mine Production Areas2,3 1. ASX announcement: 17 June 2020, 2020 Renison Resource & Reserve Update 2. ASX announcement: 17
Slide 10: Life of Mine Delivers 10,000 tpa Tin in FY25
Life of Mine Delivers 10,000 tpa Tin in FY25 • 2020 Life-of-Mine confirms 10-year mine life1: Annual tin production (‘000 tpa Sn) Annual Feed Grade (% Sn) 15.0 1.75% • High grade Area 5 underpins increase in mined grades 12.5 • Production ramps up from ~ 8,500 - 10,000 tpa tin in 5 years 10.0 1.50%
Slide 11: Exploration Potential to Further Increase Mine Life
Exploration Potential to Further Increase Mine Life • Despite >100 years of mining history the deposit remains open in three directions • Comprehensive resource extension targeting completed, with platform development and drilling built into the LOM • Strong commitment to ongoing discovery with $36
Slide 12: Opportunities for Step Change in Tin Production
Opportunities for Step Change in Tin Production Thermal Upgrade Project • Process change to produce a low-grade tin concentrate that is upgraded via a Tin Fumer to a high-grade tin concentrate with 68 - 70% Sn (currently ~57%) • A step change in Sn recovery of ~10 - 15% with an overall increase in S
Slide 13: Surface Exploration and Regional Opportunities
Surface Exploration and Regional Opportunities 400000 10km Mt Bischoff Renison Surface Exploration Cleveland • Under-explored 45 km2 Mining Lease • Near-mine targets prioritised for 5400000 planned combination of down-hole electromagnetic (DHEM) geophysics and lithogeochemistry program Mt Lindsay Re
Slide 14: Wingellina Nickel - Cobalt
WINGELLINA NICKEL - COBALT
Slide 15: Wingellina Nickel – Cobalt Project
Wingellina Nickel – Cobalt Project Australian Lateritic Nickel Projects – Equivalent Nickel Bubble Chart • A tier-one, long life, high-grade project with strong economics and approvals in place Wingellina High Grade Co Domains • Underpinned by 1.9 Mt of contained nickel Wingellina and 154,000 t of c
Slide 16: Appendix
Appendix 2019 Resource Definition Drilling at Wingellina 16
Slide 17: Mineral Resources & Ore Reserves (Renison Tin Operation)
Mineral Resources & Ore Reserves (Renison Tin Operation) Renison Tin Operation - Mineral Resource Statement (31 March 2020) Renison Tin Operation - Ore Reserve Statement (31 March 2020) (MLX Share is 50%) (MLX Share is 50%) Mineral Ore ‘000 Grade Tin Grade Copper Ore Grade Tin Grade Copper Deposit R
Slide 18: Mineral Resources & Ore Reserves (Central Musgrave)
Mineral Resources & Ore Reserves (Central Musgrave) Central Musgrave Project - Mineral Resource Statement (30 June 2016) Central Musgrave Project - Ore Reserve Statement (30 June 2016) 18
Slide 19: Competent Persons' Statements
Competent Persons’ Statements Acceptance By attending an investor presentation or briefing, or accepting, accessing or reviewing this Presentation you acknowledge and agree to the terms set out in the Cautionary Statement and Disclaimer. JORC Compliance Statement - Competent Persons Statements The i
Slide 20: Competent Persons' Statements
Competent Persons’ Statements Competent Person Statement – Renison Tin Operation - Ore Reserve The information in this announcement relating to the Ore Reserves of the Renison Tin Operations has been extracted from Metals X’s announcement released on 17 June 2020 and is available to view at http://w
Slide 21: Renison Area 5 Study and LOM Cautionary Statement
Renison Area 5 Study and LOM Cautionary Statement The Area 5 Mining Optimisation Study (the Area 5 Study) for the Renison Tin Operation (Renison) referred to in this presentation was reported in ASX announcement Renison Area 5 Underpins 10 Year Mine Life and Increased Tin Production on 17 June 2020.
Slide 22: Metals X is moving forward with a renewed focus
Metals X is moving forward with a renewed focus and commitment to shareholder value. We have formalised this with a new look for the Company and a fresh modern logo. The concept of using a stylised X with the green arrow shows we are moving forward and represents our commitment to clean mining, whil