Metals X Limited · ASX:MLX
Metals X — Shareholder Meeting (November 2017)
26 slides from Metals X's shareholder meeting presentation, Nov 22, 2017
Slide 1: Proudly Positioned as an Australian Miner
PROUDLY POSITIONED AS AN AUSTRALIAN MINER ASX:MLX November 2017 AGM Presentation
Slide 2: Disclaimer
DISCLAIMER General Disclaimer This presentation has been prepared by Metals X Limited (“Metals X” or the “Company”) for the purpose of providing an overview of the Company. All information in this presentation has been disclosed previously in announcements by the Company. The presentation is based u
Slide 3: 2017 AGM Proxies
2017 AGM PROXIES Item of Business For Against Discretionary Abstain Total 1 Adoption of Remuneration Report 330,631,728 23,001,581 365,117 65,368,946 419,367,372 2 Election of Director – Peter Newton 408,564,861 10,355,314 365,117 82,080 419,367,372 Election of Director – Stephen 3 338,171,990 76,72
Slide 4: The Gold Business Demerger Was Completed in Early Dec '16
THE GOLD BUSINESS DEMERGER WAS COMPLETED IN EARLY DEC ‘16 Top 7 Australian gold producer • Australia’s largest tin producer • 5 processing plants +6.5Mtpa capacity • Top 10 Australian copper producer • Mineral Resource base - 16+ million ozs • Australia’s largest nickel and cobalt resource • Ore Res
Slide 5: Continued Advancement of Nifty Copper Operations
CONTINUED ADVANCEMENT OF NIFTY COPPER OPERATIONS ► Completed compulsory acquisition of Aditya Birla on 31 August 2016 ► 2.5Mtpa process plant and 3.5Mtpa underground crusher and conveyor (operating at only 1.4Mtpa) ► Targeted production run rate of 40,000 tpa Cu at A$2.35/lb during the June 2018 Qtr
Slide 6: Regional Exploration at Nifty
REGIONAL EXPLORATION AT NIFTY Large land holding with excellent exploration potential ► 3,220 km2 with defined copper, cobalt, lead/zinc targets & exploration upside ► Significant previous exploration – minimal spend past 20 years ► Metals X regional exploration program 3D IP interpretation for Ni
Slide 7: Maroochydore Prospect
MAROOCHYDORE PROSPECT Substantial Mineral Resource containing 486,000t copper and 19,000t cobalt ► Located 85km SE of Nifty ► Magnetics, 3D IP and Gravity surveys completed, VTEM survey underway ► Large oxide resource already defined (0.5Mt Copper) with significant cobalt (19,000t Co) ► Sulphide res
Slide 8: Renison Tin Operations
RENISON TIN OPERATIONS Australia’s only tin producer and one of only a few listed tin producers in the world Rentails Project Proposed (planned) Infrastructure Renison Mine & Infrastructure Renison Mine Infrastructure 8
Slide 9: Renison Bell – A World Class Ore System
RENISON BELL – A WORLD CLASS ORE SYSTEM +2 kms A massive system with Rentails Project Proposed more to come…. (planned) Infrastructure ► Over 230,000 tonnes of tin already extracted; ► Still open in all directions, already 2km wide x 2km across; ► One of the World’s largest and high grade tin mines;
Slide 10: Renison Tin Mine (MLX 50%)
RENISON TIN MINE (MLX 50%) Long life mine expanding from 7,200tpa to 8 – 8,500tpa tin in concentrate ► Production: 7,200tpa Sn in concentrate at AISC of A$18,500/t Sn Expanding with ore sorting to 8,000 - 8,500tpa Sn ► Prevailing tin price: A$26,500/t Sn ► Cash margin ~A$8,000/t ► MLX (50%) EBITDA
Slide 11: Renison Expansion with Ore Sorting
RENISON EXPANSION WITH ORE SORTING New crushing and ore sorting facility currently being constructed to increase tin production by 15 – 20% ► Earthworks & construction underway Estimated completion April 2018 ► Underground ore production to increase to approximately 920,000tpa Plant to be mainta
Slide 12: Renison Tailings Retreatment Project (Rentails)
RENISON TAILINGS RETREATMENT PROJECT (“RENTAILS”) Feasibility returns robust economics - financing discussions underway 22.3 Mt at 0.44%Sn 0.23%Cu ► Expansion of Renison by re-processing and recovery of tin and copper from historical tailings Ore Reserve: 22.3Mt at 0.44% Sn (99,000t Sn) ~ 11 Years
Slide 13: Wingellina Nickel-Cobalt Project
WINGELLINA NICKEL-COBALT PROJECT Globally significant nickel-cobalt project in the Central Musgrave Region of WA 13
Slide 14: Wingellina Current Status
WINGELLINA CURRENT STATUS Australia’s largest Nickel and Cobalt Resource ► Ore Reserve of 168Mt at 0.93% nickel and 0.07% cobalt ► Mineral Resource containing 2.0Mt nickel and 154kt cobalt ► Feasibility study (±25%) defined 40 year mine life at production rate of 40,000tpa Ni and 3,000tpa Co Pro
Slide 15: Significant Cobalt Zones to Be In-Fill Drilled
SIGNIFICANT COBALT ZONES TO BE IN-FILL DRILLED Evaluation of high grade cobalt domains at Wingellina is ongoing ► High grade cobalt domains within the current nickel resource include: 29.7Mt at 0.14% Co for 41,600t Co (0.1% Co Cut-off) 85.9Mt at 0.11% Co for 94,000t Co (0.05% Co Cut-off) ► Drill
Slide 16: Commodity Prices Are Improving
10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 22,000 23,000 24,000 25,000 26,000 27,000 28,000 29,000 1-Jul-16 1-Jul-16 30,000 1-Aug-16 1-Aug-16 1-Sep-16 1-Sep-16 1-Oct-16 1-Oct-16 1-Nov-16 1-Nov-16 TIN PRICE 1-Dec-16 1-Dec-16 1-Jan-17 1-Jan-17 NICKEL PRICE 1-Feb-17 1-Feb-17 1-Mar-1
Slide 17: Synopsis
SYNOPSIS Metals X is a profitable mid-tier base metals producer with ongoing expansion projects and a significant pipeline of additional growth opportunities ► Three world class ore bodies – Nifty (Cu), Renison (Sn) and Wingellina (Ni, Co) ► Brownfields expansion underway in copper and tin Nifty t
Slide 18: Thanks!!
PROUDLY POSITIONED AS AN AUSTRALIAN MINER ASX:MLX THANKS !!
Slide 19: Appendix - Mineral Resources - Nifty
APPENDIX - MINERAL RESOURCES - NIFTY 19
Slide 20: Appendix - Mineral Resources - Maroochydore
APPENDIX - MINERAL RESOURCES - MAROOCHYDORE Nifty Copper Operations - Maroochydore Copper Prospect Mineral Resource Statement at 31 March 2016 Copper Cobalt Mineral Resource 1 Grade Copper Grade Cobalt Deposit Mt 2 2 Category % Cu tonnes ppm Co tonnes Measured - - - - - 3 Indicated 40.80 0.92% 375,0
Slide 21: Appendix - Mineral Resources - Renison
APPENDIX - MINERAL RESOURCES - RENISON 21
Slide 22: Appendix - Mineral Resources - Wingellina
APPENDIX - MINERAL RESOURCES - WINGELLINA Wingellina Nickel-Cobalt Project Mineral Resource Statement at 30 June 2016 Nickel Cobalt Fe2O3 Mineral ‘000 Grade Nickel Grade Cobalt Fe2O3 Fe2O3 Project Resource tonnes % Ni ‘000 t % Co ‘000 t % ‘000 t Category Measured 37,567 0.98% 368 0.07% 28.0 45.94% 1
Slide 23: Appendix – Ore Reserves – Nifty & Wingellina
APPENDIX – ORE RESERVES – NIFTY & WINGELLINA Wingellina Nickel-Cobalt Project Ore Reserve Statement at 30 June 2016 Nickel Cobalt Fe2O3 Ore Ore Grade Nickel Grade Cobalt Grade Fe2O3 Project Reserve ‘000 % Ni ‘000 t % Co ‘000 t % Fe2O3 ‘000 t Category tonnes Proved - - - - - - - Wingellina 1 Project
Slide 24: Appendix – Ore Reserves – Renison
APPENDIX – ORE RESERVES – RENISON 24
Slide 25: Appendix – Competent Persons Statements
APPENDIX – COMPETENT PERSONS STATEMENTS Competent Person Statement – Nifty Sulphide Mineral Resource The information in this announcement that relates to Mineral Resources for the Nifty Sulphide Mineral Resource has been extracted from Metals X’s announcement released on 12 October 2017 and is avail
Slide 26: Appendix – Competent Persons Statements
APPENDIX – COMPETENT PERSONS STATEMENTS Competent Person Statement – Nifty Sulphide Ore Reserve The information in this announcement relating to the Nifty Sulphide Ore Reserve has been extracted from Metals X’s announcement released on 31 May 2017 and is available to view at http://www.metalsx.com.a