Metals X Limited · ASX:MLX
Metals X — Investor Presentation (September 2024)
19 slides from Metals X's investor presentation, September 2024
Slide 1: Australia's Premier Tin Producer
AUSTRALIA’S PREMIER TIN PRODUCER rsonal use only SMC- SEPTEMBER 2024 ASX: MLX
Slide 2: Cautionary Statement & Disclaimer
Cautionary Statement & Disclaimer This Presentation has been prepared by Metals X Limited (“Metals X”, “MLX” or the “Company”) and authorised for release by its Board. GENERAL DISCLAIMER rsonal use only This presentation should be read in conjunction with the Annual Report at 31 December 2023 togeth
Slide 3: Group Overview and Board
Group Overview and Board Patrick Brett Smith Peter Gunzburg Grahame White O’Connor rsonal use only Independent Non- Independent Non- Executive Director Independent Non- Executive Chairman Executive Director Executive Director • 30 years’ experience in • Over 40 years’ experience • Construction and m
Slide 4: Capital Structure Overview
Capital Structure Overview rsonal use only 902,768,713 4,497,354 Issued Shares1 Shares Repurchased3 Top 20 Shareholders2 22.73% 77.27% Remaining MLX holders Top 20 holders 1 Pro forma shares on issue post cancellation of shares bought back to 2 September 2024. 2 Top 20 shareholder information on 27
Slide 5: HY Financial Highlights
HY Financial Highlights 30% At 30 June 2024 Tin Shipments rsonal use only 70% $362m $182m Malaysian Smelter Corporation Yunan Tin Group Market Cap Available Cash 25.61 $0m P/E Ratio Total Debt4 3.57% 4.26% ROA ROE $199m $0.016 Enterprise Value EPS 4 Excludes right-of-use asset leases and hire purcha
Slide 6: Financial Summary
Financial Summary rsonal use only Financial Performance 12-months 12-months 12-months 6-months 12-months 6-months 30-Jun-20 30-Jun-21 30-Jun-22 31-Dec-22 31-Dec-23 30-Jun-24 Issued Shares 907,266,067 907,266,067 907,266,067 907,266,067 907,266,067 906,714,968 Share Price $0.08 $0.21 $0.34 $0.39 $0.2
Slide 7: Investments
Investments At 28 August 2024 rsonal use only Company Stock Code % Ownership Instrument Total Cost No. of instruments Per Unit Total Valuation Valuation Method Cyprium Metals Limited 5 ASX: CYM - Con.Notes $ - 4 $ 9,000,000 $ 36,000,000 Face value Nico Resources Limited ASX: NC1 8.46% Shares $ 2,156
Slide 8: Renison – A World Class Tin Operation
rsonal use only Renison – A World Class Tin Operation • Only ASX listed tin producer. • A significant tin operation in a favourable location. • The Renison resource now stands at 20.2 Mt at 1.45% tin for a total of 291,000 tonnes of contained tin.7 7 Refer ASX announcement: 4 July 2024: “2024 Reniso
Slide 9: Renison Tin Mine
Renison Tin Mine The Renison tin mine began operation in 1890 after George Renison Bell discovered alluvial cassiterite. Hard rock mining began in 1936 and has operated in the current plant location rsonal use only since 1965. The mine was purchased by Bluestone Mines in 2004 and recommenced o
Slide 10: 2023 Life of Mine Plan Production
2023 Life of Mine Plan Production 8 Based on 2023 Mineral Resources Life of Mine Plan tonnes and grade profile 12 Month rolling average tin production 1,200,000 2.0 12,000 1.8 rsonal use only Mined Sn Grade (%Sn) 1,000,000 1.6 10,000 Ore Tonnes (t) 800,000 1.4 Tin Tonnes (t) 1.2 8,000 600,000 1.0 6,
Slide 11: Ringrose
Ringrose Location Ringrose is located 700-800m from existing UG development. rsonal use only Current drilling at Ringrose guided by results and EM conductor plates – further DHEM planned for Q4 2024. All Ringrose results reported to date. Surface drilling currently ongoing. One rig drilling in
Slide 12: Ringrose Best Intersections to date
Ringrose Best Intersections to date (See ASX Announcements dated 26/9/22, 5/7/23, 27/2/24, 24/4/24 and 24/6/24 for further information on Ringrose exploration results.) Hole Significant ID Intercept (DH rsonal use only width) S1671 26.93m @ 4.57% Sn from 225.1m S1686 10.5m @ 3.08% Sn from 280.3m S16
Slide 13: Future Regional Exploration
Future Regional Exploration 1-2: Ringrose – currently drilling x 2 surface rigs – North EL EL24/2022 one rig drilling Ringrose infill rsonal use only Geochem and testing Acacia high- Mapping FLEM grade zone; one rig drilling extensions of Ringrose NW Fed EM targets zone to north. Argent Dam 3-4:
Slide 14: Future Regional Exploration (cont'd)
Future Regional Exploration (cont’d) 6: Planning in progress to test 2 NW Federal FLEM conductor plates from recent survey. rsonal use only 7: North EL-coincident magnetic- surface geochemical anomaly to investigate with surface mapping, Geochem sampling and potentially FLEM lines. 8: Argent D
Slide 15: Rentails Project
Rentails Project Configuration/Product Options rsonal use only Concentrator Produces Copper concentrate Low-grade Tin concentrate Thermal Upgrade Plant Further processes the low-grade tin concentrate to produce High-grade tin oxide concentrate 15
Slide 16: Rentails Project (cont'd)
Rentails Project (cont’d) High Level Schedule 2025 2026 2027 2028 2029 rsonal use only Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 EIS Submission > > > > Feasibility Study > > > > > > EPA/EPBC Approvals > > > > Final Investment Decision > Execution > > > > > > > > > Commissioning/ram
Slide 17: Mineral Resource Estimate at March 2024
Mineral Resource Estimate at 31 March 2024 10 MLX equity share is 50% of the Mineral Resource estimate shown below rsonal use only 1. Mineral Resources are reported inclusive of Mineral Resources modified to produce the Ore Reserve. 2. Figures are rounded according to JORC Code guidelines and may sh
Slide 18: Competent Person's Statement
Competent Person’s Statement Competent Person’s Statement rsonal use only The information in this Presentation that relates to Exploration Results 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. (Eco
Slide 19: rsonal use only
rsonal 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 to cl