Metals X Limited · ASX:MLX
Metals X — Shareholder Meeting (November 2016)
26 slides from Metals X's shareholder meeting presentation, Nov 24, 2016
Slide 1: Metals X Limited Extraordinary General Meeting
Metals X Limited Extraordinary General Meeting 10am - 24 November 2016
Slide 2: Resolution 1 – Approval of Capital Reduction
Extraordinary General Meeting Resolution 1 – Approval of Capital Reduction That, for the purposes of section 256B and section 256C(1) of the Corporations Act, article 32.4 of the Company’s Constitution, on the basis set out in the Explanatory Memorandum and for all other purposes: a) the issued shar
Slide 3: Simplifying a complex corporate structure
Simplifying a complex corporate structure 3
Slide 4: New Share Structures
New Share Structures Retain all your shares in MLX 1 new WGX share for every 2 MLX shares. Continues to trade (ASX:MLX) Anticipated normal trading 2nd Dec, 2016 (ASX:WGX) 609.4M shares on issue Approx. 304.7M shares on issue 4
Slide 5: What happens next?
What happens next ? Indicative timetable Extraordinary General Meeting to approve Capital Reduction and In Specie 24 November 2016 distribution of Westgold Shares Last day of trading in Metals X Shares on a “cum” basis 28 November 2016 Trading of Metals X Shares on an “ex” basis and trading of Westg
Slide 6: Re-setting your cost base?
Re-setting your cost base ? Metals X has applied to the ATO for a class ruling to confirm the availability of demerger tax relief. Metals X is pleased to advise that it has received a draft class ruling from the ATO. In the ensuing month the costs base for each of your MLX & WGX shares will be appor
Slide 7: A formidable Australian Gold Miner
A formidable Australian Gold Miner 1. 15.4+ million oz - Mineral Resource base (excl. Rover). 2. 2.9 million oz - Ore Reserves. 3. Production 250,000ozpa going to 450,000oz pa (next 2 years). 4. Net Cash & Working Capital $100M+, Debt Free. 5. Excellent Margins – (~A$400 – A$500/oz). 6. Lots of inte
Slide 8: 4 Processing Plants – 5.5mtpa capacity
4 Processing Plants – 5.5mtpa capacity Higginsville Gold Operations (5.8yrs) South Kalgoorlie Gold Operations (3yrs) Resource - 33.6 Mt @ 2.0g/t = 2.2 million ounces Resource - 50.9 Mt @ 2.3g/t = 3.7 million ounces Reserves - 7.57 Mt @ 1.78 g/t = 0.43 million ounces Reserves - 3.5 Mt @ 3.7 g/t = 0.3
Slide 9: A formidable Diversified Base Metals Miner
Metals X Limited A formidable Diversified Base Metals Miner 1. Big Resource and Reserve base in Tin, Copper, Nickel, Cobalt; 2. Only listed Tin producer in the western world (~3,500tpa Sn); 3. Significant Copper Producer (> 30,000tpa Cu); 4. 100% of one of largest undeveloped Ni-Co-Fe deposits in wo
Slide 10: Nifty Copper Operation
COPPER Nifty Copper Operation • Acquired Sept. Quarter 2016 by off-market takeover. • A going concern copper producer (~30,000tpa @ ~ US$2/lb AISC). • Nifty - a large fully integrated underground mine with a 2.5Mtpa copper concentrator plant and all associated infrastructure – a going concern. • Mar
Slide 11: Nifty Resource and Reserve Estimates
COPPER Nifty Resource and Reserve Estimates Nifty Total Mineral Resources Estimates – JORC 2012 Nifty Total Tonnes Grade( %) Copper (Kt) (Mt) Measured 18.77 2.06 368 Indicated 7.36 1.24 91 Inferred 4.97 1.21 60 TOTAL 31.10 1.73 539 Nifty Total Ore Reserves – JORC 2012 Nifty TotaL Tonnes Grade (%) Co
Slide 12: Australia’s Only Significant Tin Producer
TIN Australia’s Only Significant Tin Producer Rentails Project Proposed (planned) Infrastructure Renison Mine & Infrastructure Renison Mine Infrastructure Metals X is one of the very few, if not the only listed tin producer in the western-world. 12
Slide 13: Tasmanian Tin Operations (50%)
TIN Tasmanian Tin Operations (50%) MLX RENISON TIN MINE (on a 100% basis): • Production since 1968: 26Mt @ 1.4% Sn. • Reserves 6.7Mt @ 1.29% Sn (86Kt) - ~ 10 yrs. • Resources 12.9Mt @ 1.46% Sn (188Kt) - ~18yrs. • Production: 7 - 8,000tpa Sn @ A$17,500/t AISC. • Current tin price: > A$28,000/t (good
Slide 14: Renison Expansion Project (Rentails – MLX 50%)
TIN Renison Expansion Project (Rentails – MLX 50%) Proposed New Fumer Plant • Reserve: > 21MtExisting @ 0.45% SnInfrastructure Renison Mine (94Kt tin) - 11 Years. • Project Capital Cost Estimate (Metals X 50% share): – New Tin Concentrator 2Mtpa ~A$40 million – Tin Fumer Plant 60ktpa ~A$40 million R
Slide 15: Central Musgrave Project
NICKEL Central Musgrave Project A massive option on the nickel price ! One of the worlds largest cobalt resources. One of the worlds largest Scandium resources. (50-70ppm Scandium) 0.5% Ni Cut-off : 168 million tonnes @ 0.98% Ni, 0.08% Co, 48% Fe2O3 1.3% Ni Cut-off : 25 million tonnes @ 1.45% Ni, 0.
Slide 16: Nickel Market is turning to upside
NICKEL Market is turning to upside Realisation of essential requirement to Li-ion Looming Supply Side Crisis battery growth. Low stocks, no new production. Conflict mineral issue – with supply sources. Growing consumption. Concern over LT supply of the metal. 16
Slide 17: Questions ??
2 Awesome Companies. Positioned to capture direct market interest for our shareholders. Questions ?? Coffee Break prior to AGM at 11am ??
Slide 18: Metals X Limited 2016 Annual General Meeting
Metals X Limited 2016 Annual General Meeting 11am – 24 November 2016
Slide 19: Resolution – Remuneration Report
2016 Annual General Meeting Resolution 1 – Remuneration Report That the Remuneration report for the year ended 30 June 2016 as disclosed in the 2016 Annual Report be adopted. The vote on this resolution is advisory only and does not bind the directors of the Company. Summary of proxy results For Aga
Slide 20: Resolution – Re-election of Warren Hallam as director
2016 Annual General Meeting Resolution 2 - Re-election of Warren Hallam as director That Warren Hallam, a director retiring from office by rotation, and in accordance with Rule 3.6 of the Constitution, being eligible, is re-elected as a Director of the Company. Summary of proxy results For Against A
Slide 21: Resolution – Re-election of Simon Heggen as director
2016 Annual General Meeting Resolution 3 - Re-election of Simon Heggen as director That Simon Heggen, a director retiring from office by rotation, and in accordance with Rule 3.6 of the Constitution, being eligible, is re-elected as a Director of the Company. Summary of proxy results For Against Abs
Slide 22: Resolution – Ratification of the Issue of Shares under the Placement
2016 Annual General Meeting Resolution 4 - Ratification of the Issue of Shares under the Placement That, for the purposes of Listing Rule 7.4 and for all other purposes, the prior allotment and issue of 68,000,000 fully paid ordinary shares at an issue price of $1.48 per share to the Placement Recip
Slide 23: Resolution – Approval of Employee Share and Option Plan
2016 Annual General Meeting Resolution 5 - Approval of Employee Share and Option Plan That, the Employee Share and Option Plan (ESOP), which is summarised in the attached Explanatory Memorandum, be approved and that for the purposes of Listing Rule 7.2 (Exception 9) and for all other purposes, the i
Slide 24: Resolution – Issue of Securities to Peter Cook under the ESOP
2016 Annual General Meeting Resolution 6 - Approval for Issue of Securities to Peter Cook under the ESOP That, subject to the passing of Resolution 5, for the purposes of Listing Rule 10.14 and sections 200B and 200E of the Corporations Act and for all other purposes, approval is given for the Compa
Slide 25: Resolution – Issue of Securities to Warren Hallam under the ESOP
2016 Annual General Meeting Resolution 7 - Approval for Issue of Securities to Warren Hallam under the ESOP That, subject to the passing of Resolution5, for the purposes of Listing Rule 10.14 and sections 200B and 200E of the Corporations Act and for all other purposes, approval is given for the Com
Slide 26: General Disclaimer
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 presentation contains forecasts and forward looking st