Metals X Limited · ASX:MLX
Metals X — Diggers & Dealers 2016
24 slides from Metals X's conference presentation, Aug 1, 2016
Slide 1: Diversified Australian Producer
ASX:MLX OTCQX:MLXEF GR:FG5 Diversified Australian Producer August 2016
Slide 2: Our Philosophy
Our Philosophy We work for our shareholders. Our share price is the only measure of our success. If we make profit we must share it with our shareholders. Diversification provides stability. Strong and un-geared balance sheet – wary of debt. 2
Slide 3: The Rear View Mirror
The Rear View Mirror Diggers 2015 – Last Year • Metals X had lost its market relevance. • Metals X moved into gold in a counter-cyclical move. The market rewarded this move and rewarded our shareholders. • Metals X moved into copper in a counter-cyclical move. The market hated that and punished as f
Slide 4: Project Locations
PROJECT LOCATIONS Proudly Australian focused diversified miner. Nifty (Cu) Why have one Metals when you can have them all? 4
Slide 5: Metals X - Dumbed Down
Metals X - Dumbed Down Gold Division Base Metals Other Base Tin Nickel Division Metals Division 15.4 million oz Mineral Resource 294,000 t Tin 2.07 million t Ni 237 kt Pb Mineral Resource Mineral Resource 385 kt Zn 91kt Cu + 800kt (Nifty) 180,000 t Tin 1.65 million t Ni 4.2 million oz Ag 2.9 million
Slide 6: 4 key gold projects
A FORMIDABLE GOLD COMPANY 4 key gold projects Higginsville • 3 Operating – 1 soon to be. Resource - 33.6 Mt @ 2.04g/t = 2.2 million ounces Reserves - 7.6 Mt @ 1.78 g/t = 0.433 million ounces • 4 Processing Plants – 5.5Mtpa Capacity. • Mineral Resource of 15.4 million ounces. South Kal • Ore Reserve
Slide 7: The Best Value
The Best Value Metals X (MLX) Metals X (MLX) Metals X (MLX) – Gold Only Metals X (MLX) – Gold Equivalence (Tin + Copper Prod’n added) 7
Slide 8: The Leanest
The Leanest laa METALS X L|MITED Advantage #3-—Leanandmean -. the Sara Best in class 20 Corporate costs (A$/oz produced) 8 RBC Capital Markets 70 ; ~———_. 50 : 40 | wetaisx ae 30 20 10 0 FY16E FYITE FY18E FYI9E FY20E SAR Peer average excluding SAR
Slide 9: Gold: How to Release the Value?
GOLD HOW TO RELEASE THE VALUE ? P/NAV (x) _____________________Aussie Gold pure-play’s_________________________ 1.37x 1.40x Aussie Diversified’s 1.34x 1.35x 1.36x 1.22x Average 1.18x 0.85x 0.58x MLX IGO RSG DRM SAR EVN NST RRL 9
Slide 10: Metals X - The Base Metals
Metals X - The Base Metals Gold Division Base Metals Other Base Tin Nickel Division Metals Division 15.4 million oz Mineral Resource 294,000 t Tin 2.07 million t Ni 237 kt Pb Mineral Resource Mineral Resource 385 kt Zn 91kt Cu + 800kt (Nifty) 180,000 t Tin 1.65 million t Ni 4.2 million oz Ag 2.9 mil
Slide 11: Aditya Birla Acquisition Strategy
Aditya Birla Acquisition Strategy Nifty - another mine where we believed we could make significant improvement and make some money for our shareholders. Nifty - another acquisition where we buy a massive amount of plant and infrastructure at a fraction of its replacement cost. Nifty - an underperfor
Slide 12: What's dumb about that?
What’s dumb about that? Takeover Completes ABY take-over announced Hindalco Accepts 12
Slide 13: A Formidable Diversified Base Metals Company
A Formidable diversified BASE METALS base metals company Renison Tin Mine; Rentails Tin Project; Wingellina Ni-Co-Fe-Sc; Rover Project Cu-Pb-Zn; Warumpi Cu-Zn Exploration; Nifty Copper Mine Maroochydore Copper Prospect Lithium Royalties (Neometals/RIM) Wingellina Ni - Co- Fe -Sc 13
Slide 14: Tin: Australia's Only Significant Tin Producer
TIN AUSTRALIA’S ONLY SIGNIFICANT TIN PRODUCER Renison – a tier 1 tin mine – with modest earnings from current low tin prices. Rentails Project Proposed Infrastructure (planned) Renison Mine & Infrastructure Renison Mine Infrastructure UNIQUE - Metals X is one of the very few, if not the only listed
Slide 15: Tin Rentails – Tin Expansion Project
TIN RENTAILS – TIN EXPANSION PROJECT (RENTAILS – MLX 50%) Proposed New Fumer Plant Existing Renison Mine Infrastructure A tin expansion project from Renisonhistoric Mine tailings re-treatment. Infrastructure A 12 year project that can nearly double tin output. at good margins. A feasibility study co
Slide 16: Copper: Nifty - A Significant Copper Producer
COPPER NIFTY - A SIGNIFICANT COPPER PRODUCER Proposed Infrastructure • Currently Producing 35,000tpa of copper. • Cash flow positive at current prices A$US 1.75/Ib (C1) & $ US 2.00 AISC. Renison Mine • A 2.5mtpa modern copper concentrator and infrastructure. Infrastructure • A modern owner-operated
Slide 17: Copper Nifty – Expansion Options
COPPER NIFTY – EXPANSION OPTIONS Proposed Infrastructure • Nearby virgin discovery of Maroochydore (80kms south-east). Renison Mine • A total mineral resource of 48.6mt @ 1.00%Cu, 0.04% Co including a Infrastructure smaller higher-grade sulphide (chalcopyrite rich). • Opportunity to use spare capaci
Slide 18: Copper Rover 1 - Project
COPPER ROVER 1 - PROJECT Virgin (blind) IOCG discovery. High grade & polymetallic (Cu-Au-Bi-Co) Current Total Resource: 6.8mt @ 1.73g/t Au, 1.2% Cu, 0.14% Bi, 0.06% Co Target Size 8-10 million tonnes Good mining metrics Latest drilling – bonanza results Drilled to below 1000m VD and still open. 18
Slide 19: Nickel: Central Musgrave Project
NICKEL CENTRAL MUSGRAVE PROJECT Wingellina – Australia’s largest nickel deposit. One of the worlds largest cobalt resources. One of the worlds largest Scandium resources. (50-70ppm Scandium) Mining Reserves 0.5% Ni Cut-off : 168 million tonnes @ 0.98% Ni, 0.08% Co, 48% Fe2O3 1.3% Ni Cut-off : 25 mil
Slide 20: Other Base Metal Projects
OTHER BASE METAL PROJECTS Metals X has made 2 virgin Lead – Zinc Silver discoveries Explorer 108 Prospect 11.87 million tonnes @ 3.24% Zn, 2.0% Pb, 11.1 g/t Ag Curiosity Prospect First hole hits – 11.7m @ 3.7% Pb, 4.9% Zn, 0.24% Cu, 1.0 g/t Au Warumpi Prospect (West Arunta) First Rock Chips (new out
Slide 21: Metals X - The Base Metals
Metals X - The Base Metals (a fully diversified base metals company) Gold Division Base Metals Other Base Tin Nickel Division Metals Division 15.4 million oz Mineral Resource 294,000 t Tin 2.07 million t Ni 237 kt Pb Mineral Resource Mineral Resource 385 kt Zn 91kt Cu + 800kt (Nifty) 180,000 t Tin 1
Slide 22: The Investment Synopsis
THE INVESTMENT SYNOPSIS Metals X is a growing gold miner – partially ignored in the current pure-play gold upsurge. A diversified company - revenue and profits across several metals. Increasing production and expanding margins. Fiscally strong – sufficient cash to fund growth. ASX 300, good liquidit
Slide 23: General Disclaimer
Nifty Copper 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 Company. This
Slide 24: Proudly Positioned as an Australian Miner
Nifty Copper PROUDLY POSITIONED AS AN AUSTRALIAN MINER Not a buy – A Strong Buy!! 24