Metals X Limited · ASX:MLX
Metals X — Investor Presentation (March 2010)
23 slides from Metals X's investor presentation, Mar 22, 2010
Slide 1: Investor Update Presentation
Level 3 Hyatt Centre 123 Adelaide Terrace East Perth WA 6004 Tel: +618 9220 5700 For personal use only www.metalsx.com.au We are miners Warren Hallam, Managing Director Investor Update Presentation March, 2010
Slide 2: Disclaimers
Disclaimers For personal use only 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 contain
Slide 3: Who is Metals X Limited?
Who is Metals X Limited? For personal use only Metals X Limited (MLX) is an Australian based diversified metals & mineral producer, developer and explorer Australia’s largest tin producer: MLX is Australia’s largest tin producer with c.8Kt p.a. of production from the Bluestone Mines Tasmania JV (M
Slide 4: Project Pipeline
Project Pipeline For personal use only Exploration Development Production Rentails Expansion Project Tasmanian Tin Operations Central Musgraves Nickel Reprocessing historic tailings Renison Underground Mt Bischoff Open Cut 5,000 tpa of Tin Renison Deeps Drilling 2,000 tpa of Copper 7,000 - 9,000 tpa
Slide 5: Strategic Holdings
Strategic Holdings For personal use only Westgold Resources 29 20 Rover 1 Cu/Au 30,000t Zn, 10,000 Cu 1Moz Gold Eq % Jaguar Mine % Explorer 108 Zn/Pb Aragon Resources Bentley Massive sulphide discovery Teutonic Bore 28 Stockman Central Murchison Gold 1.5Mozs Au % Mission & Cables Gold Prospect Lake
Slide 6: Project Pipeline
Project Pipeline For personal use only Exploration Development Production Rentails Expansion Project Tasmanian Tin Operations Central Musgraves Nickel Reprocessing historic tailings Renison Underground Mt Bischoff Open Cut 5,000 tpa of Tin Renison Deeps Drilling 2,000 tpa of Copper 8,000 - 9,000 tpa
Slide 7: Tasmanian Tin
Tasmanian Tin For personal use only 8,000 – 9,000t of tin pa. Indicative EBITDA margin: A$8,500/t at recent spot prices. Cash operating cost (expected average): A$10,000/t of tin. JV formed 18th of March 2010 – 50% interest for $50M. Leveraging sunk capital: c.A$100 million spent on refurb
Slide 8: Project Pipeline
Project Pipeline For personal use only Exploration Development Production Rentails Expansion Project Tasmanian Tin Operations Central Musgraves Nickel Reprocessing historic tailings Renison Underground Mt Bischoff Open Cut 5,000 tpa of Tin Renison Deeps Drilling 2,000 tpa of Copper 8,000 - 9,000 tpa
Slide 9: Renison Expansion Project (Rentails)
Renison Expansion Project (Rentails) For personal use only 9 years of M&I Resource: 18.5mt of ore of 0.42% Sn, 0.20% Cu. Feasibility Completed: Project pending stability in prices and financing options. Annual Production: 4,500 - 5,500t Tin and 1,500 - 2,500t Copper. Indicative cash operatin
Slide 10: Project Pipeline
Project Pipeline For personal use only Exploration Development Production Rentails Expansion Project Tasmanian Tin Operations Central Musgraves Nickel Reprocessing historic tailings Renison Underground Mt Bischoff Open Cut 5,000 tpa of Tin Renison Deeps Drilling 2,000 tpa of Copper 7,000 - 9,000 tpa
Slide 11: Wingellina – Feasibility Results
Wingellina – Feasibility Results For personal use only Resource: 183 Mt @ 0.5%Nickel - 92% measured and Indicated*. Phase 1 feasibility completed in 2008, focus now on approvals. Minimum 40yr project life with production of: ¾40,000 tpa Nickel in concentrate; ¾ 3,000 tpa Cobalt in concentrate.
Slide 12: Wingellina's Dominant Characteristics
Wingellina’s Dominant Characteristics For personal use only Typical Laterites Wingellina Strip Ratio 3-5 tonnes 1:1 (0.5:1 for 1st 20 years) Ore Thickness 5-15 meters 80 meters ave Tonnes / Km2 5-15 Mt 50-60 Mt Mining ~ 50% Blast Free Dig MgO Moderate- high Low Iron Low High Acid Consumption > 500 K
Slide 13: Wingellina Overview
Wingellina Overview For personal use only Wingellina
Slide 14: Wingellina – Distinguishing Characteristics
Wingellina – Distinguishing Characteristics For personal use only Low mining cost – free digging ore, low stripping ratio. High Iron, low magnesium – Best suited to HPAL –High Iron Low acid consumption. Simple HPAL circuit. Locally available high quality calcrete. Huge potential to increas
Slide 15: Strategic Holdings
Strategic Holdings For personal use only Westgold Resources 29 20 Rover 1 Cu/Au 30,000t Zn, 10,000 Cu 1Moz Gold Eq % Jaguar Mine % Explorer 108 Zn/Pb Aragon Resources Bentley Massive sulphide discovery Teutonic Bore 28 Stockman Central Murchison Gold 1.5Mozs Au % Mission & Cables Gold Prospect Lake
Slide 16: Westgold Resources (29.36% MLX)
Westgold Resources (29.36% MLX) The Western Zone – one of three main zones For personal use only Managing Director: Andrew Beckwith ASX code: WGR Mkt Cap: A$78m Copper/gold and Lead/Zinc exploration in the Tennant Creek area. Recently announced maiden resource of 1 Mozs Gold Equivalent at Rover
Slide 17: Aragon Resources (MLX 8.72% Direct, 28.47% interest)
Aragon Resources (MLX 8.72% Direct, 28.47% interest) For personal use only MD: Paul Benson, ASX code: AAG, Mkt Cap: A$26M Gold, phosphates, tungsten. Recent Acquisition of 1.5Moz in Murchison goldfields - Includes Big Bell, Cuddingwarra and Day Dawn - 12 million ounces historically produced from
Slide 18: Jabiru Metals Limited (19.99% MLX)
Jabiru Metals Limited (19.99% MLX) Managing Director: Gary Comb For personal use only ASX code: JML Mkt Cap: A$190m 30,000t Zinc, 10,000t Copper and 680Koz Silver pa (refer to ASX:JML announcements). Bentley major new massive sulphide discovery. Targeting minimum of 10 year mine life. Lowest
Slide 19: Agaton Phosphate PL (75% MLX)
Agaton Phosphate PL (75% MLX) For personal use only Managing Director: Dr. Howard Carr, UNLISTED Early stage, very large Phosphate Sands project North of Perth.
Slide 20: Capital Structure
Capital Structure For personal use only ASX Code: MLX Major Shareholders Shares Price $0.12 APAC Resources Limited (HKEX: 1104) 29.1% Shares on Issue 1,365.7 Jinchuan Group 12.9% Market Capitalisation $165 Guiness Peat Group 6.6% Net Cash and Working Cap* (no debt) $50 Straits Resources 5.0% Market
Slide 21: This is Metals X Ltd
This is Metals X Ltd For personal use only $50M cash & $65M share investments with Market cap of $165M. Tasmanian JV (MLX 50%) capable of EBITDA of >A$60Mpa* 8,000 to 9,000tpa Tin. Rentails capable of additional EBITDA of A$35Mpa* 5,000tpa Tin. Wingellina a globally significant mega-project
Slide 22: For personal use only
Phone: +61 8 9220 5700 Fax: +61 8 9220 5757 www.metalsx.com.au Level 3, 123 Adelaide Tce, East Perth, WA 6004
Slide 23: Wingellina – World class project
Wingellina – World class project For personal use only Globally Significant Resource: Nickel-Cobalt limonite located in the Central Musgrave Block; Significant Resource: 183 Million tonne at 0.5% cut-off; 92% in Measured and Indicated under JORC; Significant Reserve: 165 Million tonne at 1%