Metals X Limited · ASX:MLX
Metals X — Shareholder Meeting (November 2022)
16 slides from Metals X's shareholder meeting presentation, Nov 23, 2022
Slide 1: Australia's Premier Tin Producer
AUSTRALIA’S PREMIER TIN PRODUCER For personal use only AGM PRESENTATION – NOVEMBER 2022 ASX: MLX
Slide 2: Cautionary Statement & Disclaimer
Cautionary Statement & Disclaimer For personal use only 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 30 June 2022 toge
Slide 3: MLX Group and Board
MLX Group and Board For personal use only Brett Smith Peter Gunzburg Grahame White Patrick O’Connor Executive Independent Non- Independent Non- Independent Non- Director Executive Chairman Executive Director Executive Director 50% • 30 year’s experience in • Over 40 year’s experience • Construction
Slide 4: Capital Structure
Capital Structure For personal use only At 16 November 2022 APAC Resources Limited 19.80% 907,266,067 Issued Shares Remaining Old Peak MLX Holders Group Limited 66.97% 13.23% 4
Slide 5: Financial Highlights
Financial Highlights For 2022 For personal use only $304m $122m Market Cap Closing available cash 1.65 $229m P/E Ratio Revenue $0.34 $184m Net Assets per Share NPAT $185m $0.20 Enterprise Value EPS 5
Slide 6: Financial Highlights cont'd
Financial Highlights cont’d For 2022 For personal use only • Company is debt free. • Received payment of $11.0m as settlement of the copper payment pursuant to the Mt Gordan Sale Agreement. • Completed the sale and spin-out of Nickel asset portfolio to NICO (NC1) for 25m NC1 shares, resulting in a g
Slide 7: Company Investments
Company Investments 2022 Valuations For personal use only $52.2 million comprising: $8.9m $13.7m $29.0m $0.6m NICO NICO Convertible Note1 Cyprium Options1 Shares Options1 • 15.7 million NC1 • 25 million • Face value: • 20.27 million shares options $36m options consisting of 15 • Expiry: 3 Nov • Matu
Slide 8: Renison (50%) – A World Class Tin Operation
Renison (50%) – A World Class Tin Operation For personal use only • A significant tin operation in a favourable location. • Renison Bell Proved and Probable Reserve increased to 8.8 Mt at 1.46% Sn for 128,900 tonnes of contained tin.2 • Increased mine life of 12.3 years based on ore reserve update.2
Slide 9: Renison Safety
Renison Safety Total Recordable Injury Frequency Rate For personal use only 20 18 18.7 16 16.7 5.1 TRIFR 14 12 10 10.8 8 9.5 6 4 5.1 2 0 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 9
Slide 10: Renison Tin Operation 2022 Production Summary (100%)
Renison Tin Operation 2022 Production Summary (100%) For personal use only Production Unit 2022 2021 Ore mined t ore 791,850 810,758 Grade of ore mined % Sn 1.54 1.30 Ore milled (after sorter upgrade) t ore 670,291 653,500 Grade of ore processed % Sn 1.81 1.59 Mill recovery % 78.16 76.5 Tin produced
Slide 11: Rentails, Area and Metallurgical Improvement Program
Rentails, Area 5 and Metallurgical Improvement Program As at 30 September 2022 For personal use only • Stage 1 of the Rentails 2022 Definitive Feasibility Study (DFS) Update progressed to update technology selection and costs. • The Area 5 upgrade has progressed significantly. Ongoing global supply
Slide 12: Update on Near Mine Exploration
Update on Near Mine Exploration For personal use only • During 2019, seven holes were surveyed in a program using a single axis DHEM probe. This program identified 24 conductor plates from seven target areas, 13 of which were off hole conductors. • An initial program of three diamond drill holes was
Slide 13: Mineral Resources (Renison Tin Operation)
Mineral Resources (Renison Tin Operation) Mineral Resource Estimate (MLX Share is 50%) - Mineral Resource Estimate as at 31 March 2022 For personal use only Depletion & Resource adjustment from prior year4 (MLX Share is 50%) Tonnes2 Tin Copper Tin Copper Mineral Project Tonnes Tin Copper Tin Copper
Slide 14: Ore Reserves (Renison Tin Operation)
Ore Reserves (Renison Tin Operation) Ore Reserve Estimate (MLX Share is 50%) - Renison Tin Operation - Ore Reserve Statement (31 March 2022) For personal use only Depletion & Reserve adjustment from prior year5 (MLX Share is 50%) Tin Copper Ore Ore Grade Metal Ore Grade Metal Ore Grade Tin Grade Cop
Slide 15: Competent Persons' Statements
Competent Persons’ Statements For personal use only 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 Carter B.Sc. (Hons), M.Sc. (Econ. Geo
Slide 16: Metals X – new look and logo
For personal use only Metals X is moving forward with a renewed focus and commitment to shareholder value. We have formalised this with a new look for the Company and a fresh modern logo. The concept of using a stylised X with the green arrow shows we are moving forward and represents our commitment