Metals X Limited · ASX:MLX
Metals X — Shareholder Meeting (November 2010)
13 slides from Metals X's shareholder meeting presentation, Nov 26, 2010
Slide 1: Metals X 2010 AGM
For personal use only Metals X 2010 AGM Warren Hallam, Managing Director
Slide 2: Creating a platform for the Future
Creating a platform for the Future For personal use only 2009/10 was a year of rebuilding our balance sheet for the future Current reserves of $55M cash and receivables and $90M of investments with no debt. Strong Cashflows being generated from our Tasmania tin assets. Significantly advanced t
Slide 3: Project Pipeline
Project Pipeline For personal use only Exploration Development Production Tasmanian Tin Operations (8,000 tpa Tin) Tasmanian Tin Expansion (5,000 tpa tin) Wingellina Nickel (40,000t Ni & 3,000t Co pa for 40+yrs) Renison Deeps Drilling (high grade tin potential) Central Musgrave Project (PGE’s, Ni Su
Slide 4: Strategic Holdings
Strategic Holdings For personal use only Metals X invests in explorers and producers that have exciting projects with significant potential. 19.9% 32% 75% 28.7%* Agaton Phosphate *Direct 8.7%, WGR 20%
Slide 5: Tasmania Tin Assets
Tasmania Tin Assets For personal use only Metals X is Australia’s only publicly listed tin producers, and one of only a handful in the world. • Tin price fundamentals are strong – Forecast deficit of 24,000t for 2010. • Completed formation of 50/50 JV with the World’s largest and most vertically int
Slide 6: Wingellina Nickel and Cobalt Project
Wingellina Nickel and Cobalt Project For personal use only One of the World’s largest undeveloped Nickel resources Title – Mining and infrastructure agreement signed. Environment – Scoping study approved by Government. Resources upgraded – 182Mt Resource @ 1% Ni, 0.08%Co, Reserve 167 Mt @1%Ni. Phase
Slide 7: Commodity prices have performed well
Commodity prices have performed well For personal use only A$ Tin price and stocks A$ Nickel price and stocks 30,000 180,000 30,000 30,000 28,000 160,000 LME Stocks tonnes LME Stocks tonnes 26,000 26,000 Price $A Price $A 26,000 140,000 22,000 22,000 24,000 120,000 22,000 100,000 18,000 18,000 20,00
Slide 8: Capital Structure
Capital Structure For personal use only Enterprise value of A$300 Million plus A$90 Million of Listed Investments. Market ASX Major Shareholders Share Code MLX APAC Resources 29.1% Share Price $0.26 Jinchuan Group 12.9% Shares on Issue 1,365.7 Million Guiness Peat Group 6.6% Market Capitalisation $3
Slide 9: The year ahead
The year ahead For personal use only Wingellina Nickel (MLX 100%) • Complete formation of Wingellina JV and move forward with financing and development of this World class project. • Complete all outstanding approvals including the EIS. • Complete water drilling and infrastructure studies. Tasmania
Slide 10: The year ahead: Corporate
The year ahead For personal use only Corporate • Continue to assess and invest in opportunities to complement our existing portfolio.
Slide 11: Thanks!
For personal use only Thanks!
Slide 12: Nickel Division Mineral Resources and Reserves as at 30 June 2010
Nickel Division Identified Mineral Resources and Reserves as at 30 June 2010 For personal use only 0.5% Ni cut-off Million Ni (%) Ni Metal (t) Co (%) Co Metal (t) Tonnes Proven - - - Probable 167.5 0.98% 1,645,113 0.08% 127,668 Total 167.5 0.98% 1,645,113 0.08% 127,668 Mining Reserve Estimate as at
Slide 13: Disclaimer
Disclaimer 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 contains