Metals X Limited · ASX:MLX
Metals X — Shareholder Meeting (November 2015)
25 slides from Metals X's shareholder meeting presentation, Nov 23, 2015
Slide 1: Welcome! Annual General Meeting
ASX: MLX OTCQX: MLXEF GR: FG5 For personal use only Welcome ! Annual General Meeting November 23, 2015
Slide 2: Agenda
For personal use only ANNUAL GENERAL MEETING - NOVEMBER 23, 2015 AGENDA 1. Welcome by the Chairman – Peter Newton 2. Quorum 3. Formal Business of Meeting 4. Presentation by CEO – Peter Cook Denver Gold Forum 5. General September 2015Questions 6. Refreshments & Informal Mingling
Slide 3: Voting results on items of business
For personal use only Item of Business For Against Abstain Discretionary Total 1 Adoption of Remuneration Report 129,938,339 624,094 79,880,628 5,128,790 215,571,851 2 Election of Director – Peter Newton 205,668,578 4,420,783 353,700 5,128,790 215,571,851 3 Election of Director – Peter Cook 209,745,
Slide 4: Performance! Dividends! Growth!
ASX: MLX For personal use only OTCQX: MLXEF GR: FG5 Performance ! Annual General Meeting Dividends ! November 23, 2015 Growth !
Slide 5: How Metals X has performed? Performance (a year view)
HOW METALS X HAS PERFORMED ? For personal use only Performance (a 1 year view) Investors only buy shares to sell at a higher price. Your share price is the only true measure of your performance. 5
Slide 6: How Metals X has performed? Performance (a year view)
HOW METALS X HAS PERFORMED ? For personal use only Performance (a 2 year view) Investors only buy shares to sell at a higher price. Your share price is the only true measure of your performance. 6
Slide 7: Performance (relative)
HOW METALS X HAS PERFORMED ? For personal use only Performance (relative) Stable & Outperforming ASX 300 7
Slide 8: Performance (relative)
HOW METALS X HAS PERFORMED ? For personal use only Performance (relative) Trading like a gold stock but not as volatile. 8
Slide 9: Trading like a gold stock!!
TRADING LIKE A GOLD STOCK!! For personal use only In the past 2 years - 60% of our revenue has come from our gold division - 79% of our EBITDA has come from our gold division - 79% of our Profit has come from our gold division Gold is our main financial business. We have hedged protected some revenu
Slide 10: Significant gold producer (& expanding)
SIGNIFICANT GOLD PRODUCER (& EXPANDING) For personal use only 6 Gold Projects – Over 17 million oz of Resource Inventory 1. Higginsville Gold Operations (HGO) – in production. 2. Mt Henry Gold Project – integration with HGO. New 3. South Kalgoorlie Operations – in production. 4. Central Murchison Go
Slide 11: Gold division process plants – 5.5Mtpa capacity
GOLD DIVISION 4 GOLD PROCESS PLANTS – 5.5MTPA CAPACITY For personal use only Higginsville - 1.3Mtpa CIL Bluebird (CMGP) - 2.0Mtpa CIL 11 Jubilee (South Kal) - 1.2Mtpa CIL Grosvenor – 1.0Mtpa CIL
Slide 12: How Metals X has performed! Dividends
HOW METALS X HAS PERFORMED ! For personal use only Dividends If you make money you need to share it with your investors. Capital appreciation is no longer the panacea of resources investment. Key Financials (2015 FY) : Share Price ~ A$1.15 Group Revenue of A$315.2 million, up 32% YoY Market Cap ~ A$
Slide 13: What can we excite you with? Growth
WHAT CAN WE EXCITE YOU WITH? For personal use only Growth Investors get bored easily – they are always looking for growth and excitement to remain interested. LARGE RESOURCE BACKING Base Metals Tessie 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 384 Kt
Slide 14: Have we delivered?
HAVE WE DELIVERED? For personal use only We need to fulfil investor demands Performance ✔ Dividends ✔ Growth ✔ Choice - we need to be chosen before our peers ? ✔ 14
Slide 15: Why Metals X? Re-rate: EV per resource ounce
GOLD WHY METALS X? - Re-Rate For personal use only ENTERPRISE VALUE PER RESOURCE OUNCE A$25/oz of gold resource against a weighted average of $85/oz of resource Source: GMP Research (Oct 2015) 15
Slide 16: Why Metals X? Re-rate on value
GOLD WHY METALS X? - Re-Rate on Value For personal use only ENTERPRISE VALUE PER FY16 OUNCES Source: GMP Research (Oct 2015) 16
Slide 17: Globally significant tin miner
GLOBALLY SIGNIFICANT TIN MINER For personal use only AUSTRALIA’S ONLY SIGNIFICANT TIN PRODUCER 17
Slide 18: Tin division: Tasmanian tin projects
TIN DIVISION TASMANIAN TIN PROJECTS (50% MLX) For personal use only 3 Key Tin Projects (50% owned and managed) 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 19: Tin division: Renison Bell mine
TIN DIVISION RENISON BELL MINE (MLX 50%) For personal use only The Renison Bell Mine (MLX 50%) • In Production since 1968: > 25 Mt @ 1.4% Sn (250 Kt recovered tin). • Big Mine – Long Life: • Reserves 6.7 Million tonnes @ 1.29% Sn (86Kt) – 10 yrs; • Resources 12.9 Million tonnes @ 1.46 % Sn (188kt) –
Slide 20: Nickel division: Central Musgrave project
NICKEL DIVISION CENTRAL MUSGRAVE PROJECT For personal use only • A major land holding covering the ultrabasic layered intrusives of the Giles Complex in the Musgrave Ranges in Central Australia. • The world class Wingellina Nickel Project – one of the largest undeveloped nickeliferous ‘pure oxide’ l
Slide 21: Nickel division: Wingellina – just a matter of time
NICKEL DIVISION WINGELLINA – JUST A MATTER OF TIME For personal use only World Class Mineral Resource 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% Ni 50
Slide 22: Copper division: looking to further diversify into copper
COPPER DIVISION ?? Looking to further diversify into Copper For personal use only We already have significant base metal assets: 1. We produce and sell copper concentrates as a co-product at Renison. 2. Our future Rentails Project has significant copper co-product production. 3. Our Rover Project wi
Slide 23: Don't forget Rover
DON’T FORGETR ROVER 1 Bonanza gold & copper grades For personal use only 23
Slide 24: The ensuing year
THE ENSUING YEAR For personal use only • Continue our Gold Growth Strategy • add life to sustain our existing operations • increase production and bed down our CMGP ASX: MLX OTCQX: MLXEF • re-establish production from the Fortnum Gold Project GR: FG5 • Continue with our strategy of metal and revenue
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