Slide 1: Australian Tin Industry
Australian Tin Industry Warren Hallam, Metals X Limited
Slide 2: Disclaimer
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 l
Slide 3: Australia in the World of Tin
Australia in the World of Tin con Prod 2009 2010e Reserve Australia 5,900 6,500 125,000 Bolivia 19,600 20,000 400,000 Brazil 10,400 9,500 590,000 China 86,900 95,600 1,500,000 Congo (Kinshasa) 13,600 13,000 - Indonesia 94,900 92,700 800,000 Malaysia 2,400 3,500 250,000 Peru 37,500 33,800 710,000 Rus
Slide 4: Australia in the World of Tin
Australia in the World of Tin Bluestone Mines Tasmania JV is continuing to rebuild Australia’s tin industry Mine Production 2006 2007 2008 2009 2010e Tonnes Sn 2,000 2,200 2,800 5,900 6,500 % World 0.7% 0.6% 1.0% 2.1% 2.3% • Australia has produced approximately 55,000 tonnes of tin over the last 10
Slide 5: Australian tin industry today
Australian tin industry today There are 29 companies listed on the ASX that are active in tin compared to 40 companies 12 months ago. Queensland 8 (12) Tasmania 6 (11) New South Wales 8 (10) Western Australia 1 (3) Anchor Resources Clancy Exploration Australian Oriental Minerals Talison (not listed)
Slide 6: Australian tin industry today
Australian tin industry today Only 15 of these companies have a stated tin resources many of which are not JORC and two are offshore. Queensland 7 (12) Tasmania 6 (11) New South Wales 8 (10) Western Australia 1 (3) Anchor Resources Clancy Exploration Australian Oriental Minerals Talison (not listed)
Slide 7: Australian tin industry today
Australian tin industry today Only 2 of these companies are in production. Queensland 7 (12) Tasmania 6 (11) New South Wales 8 (10) Western Australia 1 (3) Anchor Resources Clancy Exploration Australian Oriental Minerals Talison (not listed) Planet Metals Minemakers YTC Resources Victoria 1 (1) RMA
Slide 8: Australian Tin Industry Resources (Estimate only)
Australian Tin Industry Resources (Estimate only) Identified Mineral Resources Category Million Tonnes % Sn Metal Measured 21.5 0.53 114,172 Indicated 33.3 0.48 159,254 Inferred 208.6 0.22 462,006 Total 263.3 0.28 735,432 Mining Reserve Estimate Metals X has the only published tin mining reserve Cat
Slide 9: Over 36% of the Australian resources are controlled Metals X Bluestone JV
Over 36% of the Australian resources are controlled Metals X Bluestone JV Million Tonnes % Sn Tonnes Tin % of Total Metals X JV 10.98 1.44 158,621 22% Outback 1.86 1.38 25,674 3% Steller / Gippsland 4.36 1.10 47,960 7% Consolidated Tin 7.38 0.60 44,260 6% Independence Group 6.70 0.80 53,600 7% Metal
Slide 10: To encourage development prices will need to be maintained at current levels
To encourage development prices will need to be maintained at current levels Indicative estimates only, will vary with volumes, grades, ore characteristics and by-product credits
Slide 11: Future projects will be lower grade
Future projects will be lower grade Grade % Million Tonnes
Slide 12: Renison Tin Operations
Renison Tin Operations • Bluestone Mines Tasmania Joint Venture is the only major tin producer in Australia and produces around 2.5% of the global supply of tin. • Produces 8,000 tonnes per annum. • Cash Operating Cost (expected average): $10,000/tonne. • Indicative EBITDA margin: $A20,000/tonne, A$
Slide 13: Underground Layout
North Surface | Mid Federal Wedge Waratah | ° oO OM 1500mRL ~ 3 pe Zeehan H ~ ° hd Huon [ Schouten - = ° + + os 4 * aa aa aa a * a + + * oie + * + to00omRL — ~ > *. aa aa * * > Upper mined orebodies (mining completed) [DSN Granite Remaining ore reserves = Metais X +2008 drilling + CSU miner anestor)
Slide 14: Growth and Development
South West North East 1 re ij Reniso n Bell Schematic | c Cr Cross Section aoa i : | Pome x ' h _= (Ws BLUESTONE Growth and Development “~/™~MINES TASMANIA JOINT VENTURE PTY LTD
Slide 15: Recent success
Section 66,500mN ————— || ! : a Lc A i poset i a Cc —— — — ZZ —-—-- — es 4 ~~-—--— ---—— Q Recent success Scaiminianh a aaan METALS xX GM OWU sO Ger VENTURE PTY LTD (AW. BLUESTONE MINES TASMANIA JOINT VENTURE PTY LTD
Slide 16: Surface targets
Black Face Federal Zone Montana Area Fire, Lucks and Cable Battery Area Core Shed Zone Dalcoath Surface targets
Slide 17: Tin Expansion Project (Rentails)
Tin Expansion Project (Rentails) • The Rentails Project is the application of new technology for the treatment of over 19Mt of historical tailings from the Renison Tin Concentrator. • Measured & Indicated Resource: 18.95Mt of ore at 0.44% tin, 0.21% copper. • Annual Production: 4,500 - 5,500 tonnes
Slide 18: Project Pipeline
Project Pipelineline Exploration Development Production Tasmanian Tin Operations (8,000 tpa Tin) Tasmanian Tin Expansion (5,000 tpa tin) Resource Extension- Renison Deeps/Open Pits Bischoff extensions and UG feasibility Regional- Mt Ramsay and other opportunities
Slide 19: What has changed since 2008/2010?
What has changed since 2008/2010? • Sorry still Not Much!! • Tin assets becoming more consolidated – fewer companies with larger holdings. • Closed /disbanded operations - Stonehenge and Van Dieman Mines. • Bluestone’s Rentails next producer – 5,000tpa tin. • Still a low level of exploration compare
Slide 20: Thanks!
Thanks! Metals X an emerging Nickel Major