Metals X Limited · ASX:MLX
Metals X — Diggers n' Dealers 2015
25 slides from Metals X's conference presentation, Aug 5, 2015
Slide 1: Performance, Dividends & Growth
ASX: MLX OTCQX: MLXEF GR: FG5 For personal use only Performance, Dividends & Growth Diggers n’ Dealers August 2015
Slide 2: A reality check: the changing face of investor demands
A reality check The changing face of investor demands For personal use only Performance Investors only buy shares to sell at a higher price. Your share price is the only true measure of your performance. Dividends If you make money you need to share it with your investors. Capital appreciation is no
Slide 3: We need to remain relevant
We need to remain relevant Metals X has had to re-invent itself For personal use only We were a tin producer - Australia’s only tin producer! We were a nickel developer – with a laterite! We had a number of development projects – but we were miners! We need to be a stock that investors wanted to inv
Slide 4: How did we go? Meeting investor demands
How did we go? Meeting investor demands For personal use only Performance Investors only buy shares to sell at a higher price. Your share price is the only true measure of your performance. Dividends If you make money you need to share it with your investors. Capital appreciation is no longer the pa
Slide 5: Performance (a year view)
Performance ( a 2 year view) Investors only buy shares to sell at a higher price. For personal use only Your share price is the only true measure of your performance. 5
Slide 6: Dividends
Dividends If you make money you need to share it with your investors. For personal use only Capital appreciation is no longer the panacea of resources investment. Key Financials (2014 FY) : Share Price ~ $1.20 Revenue of $238.6M, up Market Cap ~ $520m 247% Enterprise Value ~A$ 400 million EBITDA of
Slide 7: Growth: Large Resource Backing
Growth Investors get bored easily – they are always looking for For personal use only growth and excitement to remain interested. Large Resource Backing Base Metals Tassie Tin 140 Kt Sn 40 Kt Cu Wingellina 2,067 Kt Ni 161 Kt Co Rover 1 112 Kt Cu 9.5 Kt Bi Explorer 108 384 Kt Zn 237 Kt Pb 4.2 Moz Ag
Slide 8: We need to fulfil investor demands
We need to fulfil investor demands For personal use only Performance ✔ Dividends ✔ Growth ✔ Choice - have we outperformed our peers ? ✔ 8
Slide 9: Metals X today: a stable & strong diversified miner
Metals X today A stable & strong diversified miner For personal use only 1. Rapidly expanding gold producer. ASX: MLX 2. Globally significant tin miner. OTCQX: MLXEF GR: FG5 3. Development ready - world class nickel-cobalt project. 4. Strong Balance Sheet & Fiscal Position ~A$120M cash, strong cash-
Slide 10: Significant Gold Producer (& expanding)
Significant Gold Producer (& expanding) 6 Gold Projects – Over 17 million oz of Resource Inventory For personal use only 1. Higginsville Gold Operations – in production. 2. Mt Henry Gold Project – integration with HGO. New 3. South Kalgoorlie Operations – in production. 4. Central Murchison Gold Pro
Slide 11: Gold Process Plants – 5.5Mtpa capacity
Gold Division 4 Gold Process Plants – 5.5Mtpa capacity For personal use only Higginsville - 1.3Mtpa CIL Bluebird (CMGP) - 2.0 Mtpa CIL Jubilee (South Kal) - 1.2Mtpa Grosvenor – 1.0 Mtpa CIL 11 CIL
Slide 12: Gold Division 2014/2015 FY – Our Scorecard
Gold Division 2014/2015 FY – Our Scorecard For personal use only Tonnes Mined 1,377,033 tonnes @ 3.62g/t Au Tonnes Processed 1,793,263 tonnes @ 2.83 g/t Au Metallurgical Recovery 91.8% Gold Produced 150,902 oz Total Cash Cost of Sales A$943/oz Total Cost of Sales A$1170/oz Cash Flow EBITDA A$80.87 m
Slide 13: Our Growth Path to 500,000ozpa
Gold Division 2014/2015 – Our Growth Path to 500,000ozpa For personal use only Target Gold Production - by project 600000 50000 500000 30000 60000 60000 60000 60000 400000 230000 180000 200000 200000 300000 20000 80000 200000 80000 80000 80000 80000 52000 100000 120000 120000 120000 120000 120000 0
Slide 14: What's New? New Acquisitions in last month
Gold Division What’s New ? What’s the Significance? 3 New Acquisitions in last month For personal use only 1. Georges Reward - Bulong $4.5M Cash Deal - the along strike, over the lease boundary extension of Southern Gold’s Cannon Deposit – currently being mined and managed by MLX. - unlocks substant
Slide 15: The Metals X Approach
Gold Division The Metals X Approach What sets us apart? For personal use only 1. We are value investors – we don’t overpay, we rarely compete and we have no interest in size, ranking or comparisons. 2. We try and buy assets at a fraction of their replacement costs and operate them more efficiently a
Slide 16: The Rover Project – IOCG Field
Gold Division The Rover Project – IOCG Field For personal use only A virtually untouched Mirror Image of Tennant Creek 80 year history Thousands holes ! 5 Standout mines ! ! ! ! ! ! ! ! ! !! ! ! ! Extensive smaller workings ! 8.733 Mt @ 5.6% Pb + Zn ! ! ! ! !! ! ! ! ! ! ! ! !! ! !! GECKO WARREGO ^_
Slide 17: Rover Gold Project – IOCG Anomalies
Gold Division Rover Gold Project – IOCG Anomalies For personal use only 11.87 Mt @ 5.24% Pb + Zn 8.733 Mt @ 5.6% Pb + Zn 10m @ 2.98% Cu & 0.12 g/t Au 8m @ 4.01% Cu & 0.26 g/t Au Rover 1 5 Prospects tested 10m @ 2.98% Cu & 0.12 g/t Au 4 DISCOVERIES 8m @ 4.01% Cu & 0.26 g/t Au CURIOSITY PROSPECT – FIR
Slide 18: Rover Prospect – The Priority
Gold Division Rover 1 Prospect – The Priority For personal use only Virgin Discovery at Feasibility Stage – Prolific Goldfield. 11.87 Mt @ 5.24% Pb + Zn Strong Polymetallic IOCG system (Cu-Au-Bi-Co-Fe) – already 1.22 Million oz of gold equivalence at 6g/t. Resource Target 8-10Mt @ 6-7g/t gold equiv.
Slide 19: Globally Significant Tin Miner
Globally Significant Tin Miner AUSTRALIA’S ONLY SIGNIFICANT TIN PRODUCER For personal use only 19
Slide 20: Tasmanian Tin Projects (50% MLX)
Tin Division Tasmanian Tin Projects (50% MLX) 3 Key Tin Projects (50% owned and managed) For personal use only 1. Renison Project • Integrated underground mine and tin concentrator. • World renowned as one of the great tin mines. 2. Rentails Project • A planned tailings re-treatment project and down
Slide 21: Renison Bell Mine (MLX 50%)
Tin Division Renison Bell Mine (MLX 50%) The Renison Bell Mine (MLX 50%) For personal use only • In Production since 1968: > 25 Mt @ 1.4% Sn (250 Kt recovered tin). • Big Mine – Long Life • Reserves 5.9 Mt @ 1.37% Sn (81Kt) – 8.5 yrs • Resources 11.1 Mt @ 1.58% Sn (175Kt) – 16yrs • Upgrade coming –
Slide 22: Nickel Division Central Musgrave Project
Nickel Division Central Musgrave Project • A major land holding covering the ultrabasic layered intrusives of the Giles Complex in the Musgrave Ranges in Central Australia. For personal use only • The world class Wingellina Nickel Project – one of the largest undeveloped nickeliferous ‘pure oxide’ l
Slide 23: Wingellina – A Limonite not a Laterite
Nickel Division Wingellina – A Limonite not a Laterite World Class Mineral Resource For personal use only Cut-off grade Tonnes Grade: % Ni, %Co, %Fe2O3 Contained Nickel 0.5% 216 million 1.0% Ni , 0.08% Co, 48% Fe2O3 2,125,000 tonnes 1.0% 79.5 million 1.23% Ni 975,000 tonnes 1.2% 35.6 million 1.40% N
Slide 24: The Investment Synopsis
The Investment Synopsis For personal use only ASX: MLX Metals X is a diversified miner – rare breed !! OTCQX: MLXEF GR: FG5 A diversified company - revenue and profits across several metals. • A Top 10 Australian Gold Producer • Fiscally strong – large cash balance, no debt , no gearing. • Dividend
Slide 25: General Disclaimer
For personal use only PROUDLY POSITIONED AS AN AUSTRALIAN MINER 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 Comp