Metals X Limited · ASX:MLX
Metals X — Shareholder Meeting (November 2011)
11 slides from Metals X's shareholder meeting presentation, Nov 25, 2011
Slide 1: Metals X 2011 AGM
For personal use only Metals X 2011 AGM Warren Hallam, Managing Director
Slide 2: Creating a platform for the Future
Creating a platform for the Future For personal use only 2010/11 a year of consolidation and investment for the future After tax profit of $62.8M (2010:$12.6M) Current reserves of $83M cash and receivables and $60M of investments with no debt Tasmania tin assets $21.5M profit for the year, str
Slide 3: A strong portfolio of assets
A strong portfolio of assets For personal use only Production 3.2% Tasmanian Tin Operations (6,000 tpa Tin increasing to 8,000tpa) Development 25% Renison Expansion (5,000 tpa tin) Wingellina Nickel (40,000t Ni & 3,000t Co pa for 40+yrs) 17% Exploration Mongolian Resource Corp Ltd Renison Deeps Proj
Slide 4: Tin fundamentals are strong
Tin fundamentals are strong For personal use only LME Tin Price and Stocks 35,000 35,000 30,000 30,000 25,000 25,000 20,000 20,000 15,000 15,000 10,000 10,000 5,000 5,000 0 0 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 LME Tin Stocks Tonnes (RHS) LME Tin Price $US (LHS) Stocks have rapid
Slide 5: Tasmania Tin Assets
Tasmania Tin Assets For personal use only • $21.5M after tax profit (2010: $5.0M) • Strong Exploration success, 12 years of Resource and 4 years of reserves – new lodes and high grade intercepts • Current Production rate of 6,000t tin in concentrates at cash costs of A$16,000; Target 8,000tpa tin at
Slide 6: Wingellina Nickel and Cobalt Project
Wingellina Nickel and Cobalt Project For personal use only Focus has been on finalising approvals and seeking partners for the finance and development of the project • Water exploration successful with discovery of water field. Final drilling and testing to be completed early next year • Final PER (
Slide 7: Capital Structure
Capital Structure* For personal use only Enterprise value of A$250 Million plus A$70 Million of Listed Investments. Market ASX Major Shareholders Share Code MLX APAC Resources 29.6% Share Price $0.25 Jinchuan Group 13.1% Shares on Issue 1,340 Million Guiness Peat Group 6.7% Mark Capitalisation $335
Slide 8: The year ahead
The year ahead For personal use only Wingellina Nickel (MLX 100%) • Finalise options for financing and development of this World class project and crystalise value for shareholders • Complete all outstanding approvals Tasmania Tin Operations (MLX 50%) • Increase Renison production to 8,000tpa rate a
Slide 9: Thanks!
For personal use only Thanks!
Slide 10: Nickel Division
Nickel Division Wingellina Total Identified Mineral Resource Estimate as at 30 June 2011 0.5% Ni cut-off Million Ni (%) Ni Metal (t) Co (%) Co Metal (t) Tonnes For personal use only 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 Wingellina Mining
Slide 11: 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