Metals X Limited · ASX:MLX
Metals X — Investor Presentation (October 2014)
24 slides from Metals X's investor presentation, Oct 16, 2014
Slide 1: '3 for 1' and a bank – Investor Update October 2014
ASX: MLX OTCQX: MTXXY GR: FG5 For personal use only ‘3 for 1’ and a bank Investor Update - October 2014
Slide 2: Corporate Snapshot
CORPORATE SNAPSHOT ‘3 for 1’ and a bank For personal use only 1. Globally significant tin miner. 2. Significant gold producer (& expanding). 3. Developing a world class nickel-cobalt project. The Bank: +$80M in cash & WC, strong cash-flow, no debt. Gold pre-pay brings forward $40M + in cash for dev’
Slide 3: Full Year Financial Results 2014
FULL YEAR FINANCIAL RESULTS 2014 Key Financial Highlights: For personal use only » Revenue of $238.6M, up 247%. » EBITDA of $71.7M, up 679%. » Profit of $37.4M, up 332%. » Net Operating Cashflow $73.4M, up 640%. » Return on Equity of 14.5%. » Net Cash at Bank at 30 June 2014 of $57.1M. » Cash and Wo
Slide 4: A Diversified Miner – Australia Focussed
A DIVERSIFIED MINER – AUSTRALIA FOCUSSED Base Metals For personal use only Renison 153 Kt Sn 40 Kt Cu Wingellina/Claude Hills 2,067 Kt Ni 161 Kt Co 99 Mt Fe2O3 Rover 1 – IOCG 82 Kt Cu 9.5 Kt Bi 4 Kt Co Explorer 108 384 Kt Zn 257 Kt Pb 4.2 Moz Ag Precious Metals - Gold 4 Projects 13. 4 Moz Au Commodi
Slide 5: 1. Globally Significant Tin Miner
1. Globally Significant Tin Miner For personal use only AUSTRALIA’S ONLY SIGNIFICANT TIN PRODUCER b l i c l y w o rld pu tern - l y w es t h e on r f n o t d u c e f e w,i t i n p ro e v e ry l i s ted of t h One 5
Slide 6: Tin Division Tasmanian Tin Projects (50% MLX)
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 7: Tin Division Renison Bell Mine (MLX 50%)
TIN DIVISION RENISON BELL MINE (MLX 50%) For personal use only The Renison Bell Mine • In Production since 1968: 236Mt @ 1.4% Sn (231Kt recovered tin). • Reserves 5.51Mt @ 1.38% Sn (75.8Kt) – 8 yrs • Resources 11.5Mt @ 1.65% Sn (190Kt) – 16yrs • 2014/15: 7 - 7,500tpa Sn @ A$17,000 est. C2 MLX Share
Slide 8: Tin Division Renison Expansion Project (Rentails)
TIN DIVISION RENISON EXPANSION PROJECT (RENTAILS) For personal use only 20.6 Million tonnes @ 0 .45%Sn 0.2 Proposed New Fumer Plant 1%Cu Existing Renison Mine Infrastructure Renison Mine DFS Completed – New tin concentrator Infrastructure & tin fumer plant ($180M) Producing 5,000tpa Tin & 2,000tpa C
Slide 9: 2. Significant Gold Producer (& expanding)
For personal use only ‘3 for 1’ and a bank 2. Significant Gold Producer ( & expanding) 9
Slide 10: Significant Gold Producer (& expanding)
2. Significant Gold Producer (& expanding) For personal use only 4 Gold Projects 1. Higginsville Gold Operations – in production (ex. Alacer Gold). 2. South Kalgoorlie Operations – in production (ex. Alacer Gold). 3. Central Murchison Gold Project – completed DFS. 4. Rover 1 Gold Project – pre-feasi
Slide 11: Gold Division Higginsville Gold & South Kalgoorlie Operations
GOLD DIVISION HIGGINSVILLE GOLD & SOUTH KALGOORLIE OPERATIONS For personal use only 11
Slide 12: Gold Division Higginsville Gold & South Kalgoorlie Operations
GOLD DIVISION HIGGINSVILLE GOLD & SOUTH KALGOORLIE OPERATIONS Acquired from Alacer Gold effective 1st October 2013 For personal use only SCORECARD Higginsville Dec 2013 Qtr Mar 2014 Qtr June 2014 Qtr 9 Month Total Gold Produced 42,442 oz 45,141 oz 35,777oz 123,360oz Total Cost of Sales A$903/oz A$97
Slide 13: Gold Division CMGP – The ingredients to build an operation
GOLD DIVISION CMGP – The ingredients to build an operation For personal use only Central Murchison Gold Project • 5.0 million oz resource base; • 1.2 million oz ore reserve; • needing to spend $120millon for plant; • 50 person workers village. Meekatharra Gold Project (newly acquired) • adds a 2 mil
Slide 14: Gold Division CMGP – The 3-Year Vision
GOLD DIVISION CMGP - The 3-Year Vision • 4 underground mines as the core of the operations: For personal use only • Big Bell Paddy’s Flat 800,000tpa @ 3.2 g/t • Day Dawn (Great Fingall & Golden Crown) 240,000 tpa @ 8.0 g/t Yaloginda/Bluebird • Paddy’s Flat 360,000 tpa @ 5.0 g/t • Reedy’s (South Emu
Slide 15: Gold Division – Rover Project
GOLD DIVISION – ROVER PROJECT Prospective + Untouched Mirror Image of Tennant Creek For personal use only ! 80 year history ! ! ! ! ! ! ! ! ! !! ! ! ! ! Thousands holes Tennant Creek 58.733 Standout Mt @mines 5.6% Pb + Zn ! ! +5 Moz Gold field ! ! ! Extensive smaller workings !! ! ! GECKO WARREGO ^_
Slide 16: Gold Division Rover – IOCG (Tennant Creek)
GOLD DIVISION ROVER 1 – IOCG (TENNANT CREEK) Total Mineral Resource 1.2Moz Gold Eq.: 6.8Mt @ 5.6 g/t Au. Eq. (1.73 g/t Au, 2.07 g/t Ag, 1.21% Cu, 0.14% Bi, 0.05% Co) For personal use only Bonanza Gold intercepts 15.75m @ 29.4g/t Au High Grade Copper 21m @ 6.9% Cu, 0.9g/t Au Virgin Discovery at Feasi
Slide 17: Gold Division Building a Significant Gold Producer
GOLD DIVISION BUILDING A SIGNIFICANT GOLD PRODUCER Capability – up to 500,000 oz by end of 2018 FY For personal use only 600000 + ROVER 1 500000 + CMGP 400000 ROVER 1 HGO 300000 SKO CMGP 200000 SKO 100000 HGO 0 2014/15f 2015/16f 2016/17f 2017/18f 2018/19f ROVER 1 0 0 20000 40000 65000 CMGP 0 50000 1
Slide 18: Australia's best performing gold stock in past months
Australia’s best performing gold stock in past 12 months For personal use only No. 1 18
Slide 19: 3. Developing a World Class Nickel-Cobalt Project
For personal use only ‘3 for 1’ and a bank 3. Developing a World Class Nickel-Cobalt Project 19
Slide 20: Nickel Division Central Musgrave Project
NICKEL DIVISION CENTRAL MUSGRAVE PROJECT • A major land holding across the NT/WA/SA borders covering the ultrabasic layered intrusives For personal use only of the Giles Complex in the Musgrave Ranges. • The world class Wingellina Nickel Project – one of the largest undeveloped nickeliferous ‘pure o
Slide 21: Wingellina – A Limonite Not a Laterite
NICKEL NICEL DIVISION WINGELLINA – A LIMONITE NOT A LATERITE For personal use only Wingellina Limonite Typical Austr. Laterites Strip Ratio 1:1 (0.5:1 for 20 years) 3-5 :1 Waste:Ore Ore Thickness (avg.) 80 m 5-15 m Tonnes / km2 50-60 Mt 5-15 Mt Iron / MgO Ratio High Iron / Low MgO Low Iron / Mod-Hig
Slide 22: Nickel Division Wingellina Nickel Project – DFS
NICKEL DIVISION WINGELLINA NICKEL PROJECT - DFS For personal use only Ore Reserves 167.5M tonnes @ 1% Ni, 0.08% Co Annual Metal Production 40,000 tonnes Ni, 3,000 tonnes Co Mine Life 40+ Years Metal Price Assumptions Ni US$20,000/t, Co US$45,000/t Exchange Rate Assumption AUD 0.85 Production Cost US
Slide 23: Metals X Limited – Scorecard
METALS X LIMITED - SCORECARD • Diversified – exposure shared across precious and base metals. For personal use only • Precious Metals - Gold: § 2 Operations Producing Gold. § 2 Growth Assets – Ready for Development. • Base Metals: § Tin Production and Growth (Unique). § Development Ready Wingell
Slide 24: 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