Metals X Limited · ASX:MLX
Metals X — Shareholder Meeting (May 2025)
20 slides from Metals X's shareholder meeting presentation, May 19, 2025
Slide 1: AGM Presentation 19 May 2025
personal use only AGM PRESENTATION 19 may 2025 ASX|MLX
Slide 2: Cautionary Statement & Disclaimer
r personal use only Cautionary Statement & Disclaimer This Presentation has been prepared by Metals X Limited (“Metals X”, “MLX” or the “Company”) and authorised for release by its Board. GENERAL DISCLAIMER This presentation should be read in conjunction with the Annual Report at 31 December 2024 to
Slide 3: MLX Group and Board
MLX Group and Board r personal use only Brett Smith Peter Gunzburg Grahame White Patrick O’Connor Executive Independent Non-Executive Independent Non-Executive Independent Non-Executive Director Chairman Director Director • Mr. Smith has over 33 years’ • Mr. Gunzburg has over 40 • Mr. White is a sea
Slide 4: Capital Structure Overview
Capital Structure Overview r personal use only 886,391,538 Issued Shares 20,874,529 Total Shares Repurchased and Cancelled On 7 March 2025, Metals X announced the extension of its on-market share buy-back for a further 12 months as part of the Company’s capital management strategy. 1. Top 20 Shareho
Slide 5: 2024 Highlights
2024 Highlights r personal use only Released 2024 ESG Report developed “with reference to” the international Global Reporting Initiative Standards (GRI). At 31 December 2024: The Renison operation surpassed 10,000 tonnes of tin-in-concentrate production on a 12-month rolling basis for the first
Slide 6: Financial Summary
Financial Summary r personal use only Tin Customers 40% 60% Malaysian Smelter Corporation Yunan Tin Group 12-months 12-months 12-months 6-months 12-months 12-months Financial Performance 30-Jun-20 30-Jun-21 30-Jun-22 31-Dec-22 31-Dec-23 31-Dec-24 Issued shares 907,266,067 907,266,067 907,266,067 907
Slide 7: Financial Summary (Cont'd)
Financial Summary (Cont’d) r personal use only Investments Date Company % Ownership Instrument Total Cost No. of instruments Unit Value Valuation Valuation Method 31 Dec 2024 CYM - Con.Notes $ - 4 $ 9,000,000 $ 36,000,000 Face value 31 Dec 2024 CYM Options $ - 40,600,000 $ 0.010 $ 406,000 Fair value
Slide 8: Renison – A World Class Tin Operation
Renison – A World Class Tin Operation r personal use only • Only ASX listed tin producer. • A significant tin operation in a favorable jurisdiction. • The Renison resource now stands at 20.2 Mt at 1.45% tin for a total of 291,000 tonnes of contained tin.9 8 9. Refer ASX announcement: 31 January 2025
Slide 9: Renison Safety
r personal use only Renison Safety 25 Total Recordable Injury Frequency Rate 21.3 20 15 13.9 10.8 9.1 TRIFR 10 9.1 6.3 5.6 5 0 31-Dec-2019 31-Dec-2020 31-Dec-2021 31-Dec-2022 31-Dec-2023 31-Dec-2024 9
Slide 10: Renison Tin Operation
Renison Tin Operation r personal use only Production Summary (100%) Physicals and Imputed Financials 2024 2023 Var.% Ore mined t ore 801,193 778,638 2.9% Grade of ore mined % Sn 1.91 1.65 15.8% Ore milled (after sorter upgrade) t ore 665,334 649,548 2.4% Grade of ore processed % Sn 2.12 1.92 10.4% M
Slide 11: Ringrose Location
Ringrose r personal use only Location Ringrose is located 700-800m from existing UG development. Current drilling at Ringrose guided by targeting unclassified material and extending the resource. Surface drilling currently ongoing. One rig drilling infill, one rig drilling Ringrose north exten
Slide 12: Ringrose Best Intersections to Date
Ringrose Best Intersections to Date r personal use only (See ASX Announcements dated 26/09/22, 5/7/23, 24/4/24 and 18/11/2024 for further detail on Ringrose exploration results.) Hole ID Significant Intercept (DH width) Total 25 drill holes completed for 12,184m S1671 26.93m @ 4.57% Sn from 225.1m
Slide 13: Future Regional Exploration
Future Regional Exploration r personal use only Ringrose – currently drilling x 2 surface rigs – one rig drilling Ringrose infill and testing Acacia high-grade zone; one rig drilling extensions of Ringrose zone to north. DC target, (EDGI grant) – completed 1 x 800m diamond hole and reaming of hi
Slide 14: Rentails Project
Rentails Project r personal use only Pre-execution FEED Permitting and Approvals Environmental Impact Statement (EIS) project-specific guidelines (PSG) issued the EPA Draft Public Environment Report (PER) guidelines issued by Commonwealth Department of Climate Change, Energy, the Environment, an
Slide 15: Rentails Project (Cont'd) High Level Schedule
Rentails Project (Cont’d) r personal use only High Level Schedule 2025 2026 2027 2028 2029 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 EIS Submission > > > > pre-execution FEED > > > > > > > EPA/EPBC Approvals > > > > Final Investment Decision > Execution > > > > > > > > > Commission
Slide 16: r personal use only
r personal use only 8. Refer to First Tin PLC website for source documentation which can be found at www.firsttin.com or the following link: https://firsttin.com/wp-content/uploads/2024/12/First-Tin-Presentation-ITA-Dec-2024. 16
Slide 17: Elementos Limited tin development projects
Elementos Limited (ASX:ELT) holds two significant global tin development projects ASX:ELT r personal use only 1. Oropesa Tin Project (Andalucia, Spain) European Union’s only integrated tin supply chain project (mine-to-metal) in advanced stages of development with a Cleveland Project robust April-20
Slide 18: Mineral Resource and Ore Reserve
Mineral Resource and Ore Reserve 10 r personal use only Metals X equity share is 50% of the Mineral Resource and Ore Reserves 10 Refer ASX announcement 31 January 2025: “2024 Renison Ore Reserve Update”. 18
Slide 19: Competent Persons' Statements
Competent Persons’ Statements r personal use only Metals X Competent Persons Statements The information in this report that relates to Exploration Results and Mineral Resources has been compiled by Bluestone Mines Tasmania Joint Venture Pty Ltd technical employees under the supervision of Mr Colin C
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