Slide 1: An Emerging Diversified Miner
ASX: MLX OTCQX: MTXXY GR: FG5 For personal use only AN EMERGING DIVERSIFIED MINER TOP 10 AUSTRALIAN GOLD PRODUCER AUSTRALIA’S LARGEST TIN PRODUCER DEVELOPMENT & GROWTH PROJECTS STRONG FISCAL POSITION
Slide 2: Corporate Structure
CORPORATE STRUCTURE Market ASX For personal use only Share Code: ASX MLX 6-month Aust Gold Index OTCQX MTXXY GR FG5 Share Price $0.26 Shares on Issue 1,655M Market Capitalisation $430M Net Cash (and WC) $80M Enterprise Value ~$350M 6-month Mining & Metals index Liquidity ~ 3M per day Major Sharehold
Slide 3: An Emerging Diversified Miner
AN EMERGING DIVERSIFIED MINER For personal use only GOLD 16.2 MOZ* TIN 293.9 KT NICKEL 2 M TONNES Production, revenue & growth diversified across COPPER multiple commodities. 122 KT COBALT 165 KT SILVER 4.2 MOZ * Includes 3.5Moz at MKO Project (to be completed) 3
Slide 4: Gold Projects + Current Acquisition
PRECIOUS METALS GOLD 4 Gold Projects + Current Acquisition For personal use only 1. Higginsville Gold Operations – in production (ex. Alacer Gold). 2. South Kalgoorlie Operations – in production (ex. Alacer Gold). 3. Central Murchison Gold Project – completed DFS. 4. Rover 1 Gold Project – pre-feasi
Slide 5: Higginsville Gold Operations
PRECIOUS METALS HIGGINSVILLE GOLD OPERATIONS Higginsville Gold Operations (HGO) - For personal use only mainly underground operation (Trident & Chalice), 1.3Mtpa CIP Plant, 1.5Moz Resource, producing at circa 150,000ozpa. Mar 2014 Qtr Dec 2013 Qtr Gold Produced 45,141 oz 42,442 oz Total Cost of Sale
Slide 6: South Kalgoorlie Operations
PRECIOUS METALS SOUTH KALGOORLIE OPERATIONS South Kalgoorlie Operations (SKO) open pit & For personal use only potential underground operation. 1.2Mtpa Plant – toll processing and owner processing. 5.7Moz resource base in multiple known ore sources. Mar 2014 Qtr Dec 2013 Qtr Gold Produced 3,208 oz 8
Slide 7: Central Murchison Gold Project
PRECIOUS METALS CENTRAL MURCHISON GOLD PROJECT DEVELOPMENT READY 100,000 OZ PA PROJECT For personal use only Total Mineral Resource Initial Ore Reserve 61.6Mt @ 2.52g/t 4.96Moz 15.5Mt @ 2.36g/t 1.2Moz DFS Results (2012): • NPV8 A$142M. • Average Life of Mine cash operating costs of A$980 per ounce.
Slide 8: Meekatharra Gold Operations
PRECIOUS METALS MEEKATHARRA GOLD OPERATIONS NEW ACQUISITION – SYNERGIES WITH THE CMGP For personal use only Total Mineral Resource Initial Ore Reserve 63Mt @ 1.75g/t 3.55Moz 11.1Mt @ 2.1g/t 752Koz Agreement has been reached (subject to FIRB and creditor approval) to acquire MKO from the administrato
Slide 9: Rover – IOCG (Tennant Creek)
PRECIOUS METALS ROVER 1 – IOCG (TENNANT CREEK) Total Mineral Resource 1.2Moz Gold Eq.: 6.8Mt @ 5.6 g/t Au. Eq. (1.73 g/t Au, 2.07 g/t Ag, 1.21% Cu, 0.14% Bi, 0.05% Co) For personal use only Bonanza Gold intercepts 15.75m @ 29.4g/t Au High Grade Copper 21m @ 6.9% Cu, 0.9g/t Au Virgin Discovery at Fea
Slide 10: Building a Significant Gold Producer
PRECIOUS METALS BUILDING A SIGNIFICANT GOLD PRODUCER For personal use only 350,000 oz per annum + ROVER 1 350,000 + CMGP 300,000 250,000 HGO SKO 200,000 Ounces Produced 150,000 100,000 50,000 0 2014 2015 2016 2017 2018 Rover*(planned) 0 0 20000 40000 60000 CMCP (planned) 0 80000 100000 100000 100000
Slide 11: Base Metals - Tin: Australia's Only Significant Tin Producer
BASE METALS - TIN AUSTRALIA’S ONLY SIGNIFICANT TIN PRODUCER For personal use only b l i c l y w o rld pu tern - l y w es t h e on r f n o t d u c e f e w,i t i n p ro e v e ry l i s ted of t h One 11
Slide 12: Tasmanian Tin Project (50% MLX)
BASE METALS - TIN TASMANIAN TIN PROJECT (50% MLX) For personal use only Renison Project (100%) • Production from 1968: 23Mt @ 1.4% Sn (225Kt recovered). • Reserves 5.51Mt @ 1.38% Sn (75.8Kt). • Resources 11.5Mt @ 1.65% Sn (190Kt). • 2014: 7 - 7,500tpa Sn @ A$17,000 est. C2 MLX Share (50%) • EBITDA ~
Slide 13: Tasmanian Tin Project (MLX 50%)
BASE METALS - TIN TASMANIAN TIN PROJECT (MLX 50%) 2.5( For personal use only ZĞŶŝƐŽŶĞůů,ŝƐƚŽƌŝĐнƵƌƌĞŶƚZĞƐŽƵƌĐĞ 2( Grade&(%&Sn)& 1.5( Outback( Collingwood( Stellar( 1( Kasbah( 0.5( Bischoff( Torian( Rentails( YTC Consolidated(Tin( Monto( Paradigm( Toronga( Venture( 0( 0( 10( 20( 30( 40( 50( 60( Millio
Slide 14: Renison Expansion Project (Rentails)
BASE METALS - TIN RENISON EXPANSION PROJECT (RENTAILS) For personal use only Proposed New Fumer Plant Existing Renison Mine Infrastructure • A tailings re-treatment project applying new and • Project EBITDA $60Mpa at A$25,000/t. proven technology – DFS completed. – Cash Costs: $13,000 /tonne Sn • To
Slide 15: Central Musgrave Project
BASE METALS – NICKEL, COBALT, IRON CENTRAL MUSGRAVE PROJECT • A major land holding across the NT/WA/SA borders highly prospective for oxide & sulphide nickel, copper and platenoids. For personal use only • A mining agreement covering 18,000km2 for project development & infrastructure. • The world cl
Slide 16: Wingellina Nickel Project DFS
BASE METALS – NICKEL, COBALT, IRON WINGELLINA NICKEL PROJECT DFS Ore Reserves 167.5M tonnes @ 1% Ni, 0.08% Co For personal use only Annual Metal Production 40,000 tonnes Ni, 3,000 tonnes Co Mine Life 40+ Years Metal Price Assumptions Ni US$20,000/t, Co US$45,000/t Exchange Rate Assumption AUD 0.85 P
Slide 17: Market Peer Comparisons
MARKET PEER COMPARISONS Peer Comparison Average EV/EBITDA FY14/CY13 Peer Comparison Average EV/Resource oz 0.400 $0.90 For personal use only 0.350 $0.80 0.300 $0.70 $0.60 0.250 $0.50 0.200 $0.40 0.150 $0.30 0.100 $0.20 0.050 $0.10 0.000 $0.00 Metals X Simple Average Weighted average Metals X Simple
Slide 18: Metals X Limited - Scorecard
METALS X LIMITED - SCORECARD • Diversified – exposure shared across precious and base metals. For personal use only • Precious Metals - Gold: • 2 Operations Producing Gold. • 2 Growth Assets – Ready for Development. • Base Metals: • Tin Production and Growth (Unique). • Development Ready Wingellina
Slide 19: Disclaimer
DISCLAIMER General Disclaimer This presentation has been prepared by Metals X Limited (“Metals X” or the “Company”). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation contains forecasts and forward
Slide 20: Thank you
ASX: MLX OTCQX: MTXXY GR: FG5 For personal use only AN EMERGING DIVERSIFIED MINER Thank you!!