Metals X Limited · ASX:MLX
Metals X — Investor Presentation (March 2017)
22 slides from Metals X's investor presentation, Mar 22, 2017
Slide 1: Metals X Limited
METALS X LIMITED
Slide 2: General Disclaimer and JORC Compliance Statement
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 Company. This presentation
Slide 3: Metals X Limited: An Australian Diversified Base Metals Company
METALS X LIMITED An Australian Diversified Base Metals Company • Global top 10 primary Tin producer (AISC margins of +A$10,000/t). • Significant Copper producer (~30,000tpa Cu). • Development ready - world class nickel-cobalt project (Australia’s largest undeveloped Nickel and Cobalt Resource 1.9Mt
Slide 4: Corporate Overview
CORPORATE OVERVIEW CORPORATE STRUCTURE (ASX: MLX) BOARD & MANAGEMENT Shares 606M Non-Executive Chairman Peter Newton Share price A$0.76 Managing Director Warren Hallam Market Cap A$460M Major indices MSCI Small cap, ASX 300 Non-Exec Director Stephen Robinson Net Cash & Working Capital A$112M Non-Exe
Slide 5: Nifty Copper Operation
COPPER Nifty Copper Operation 5
Slide 6: Nifty Copper Operation
COPPER Nifty Copper Operation • Acquired September quarter 2016 by off-market takeover. • A going concern copper producer (~30,000tpa @~ US$2.15/lb AISC). • Significant infrastructure - 2.5Mtpa concentrator, large u/g mine, camp, concentrate storage warehouse etc. • Nifty Mine 539Kt Cu metal in reso
Slide 7: Nifty Resource and Reserve Estimates
COPPER Nifty Resource and Reserve Estimates Nifty Total Mineral Resources Estimates – JORC 2012 Nifty Total Tonnes (Mt) Grade( %) Copper (Kt) Measured 18.77 2.06 368 Indicated 7.36 1.24 91 Inferred 4.97 1.21 60 TOTAL 31.10 1.73 539 Nifty Total Ore Reserves – JORC 2012 Nifty TotaL Tonnes (Mt) Grade (
Slide 8: Significant Mineralisation Horizon
COPPER Significant Mineralisation Horizon Current Mining Front last 10 yrs 600m Defined mineralisation 1.2kms 2+kms Target Cu% 8
Slide 9: Maroochydore Deposit
COPPER Maroochydore Deposit • Resource 486Kt Copper and 19Kt Co. • Sulphide resource recent discovery and undefined. • Significant Cobalt resource. 12MAD088: 10m @ 2.95% Cu, 5.5gpt Ag from 353m and 1m @ 9.40% Cu,18.5gpt Ag from 357m 9
Slide 10: Large Land Holding with significant potential
COPPER Large Land Holding with significant potential. Previous Explorers have completed most of the background work and the opportunity lies with us. 10
Slide 11: Australia's Only Significant Tin Producer
TIN Australia’s Only Significant Tin Producer Rentails Project Proposed Infrastructure (planned) Renison Mine & Infrastructure Renison Mine Infrastructure Metals X is one of the very few, if not the only listed tin producer in the western-world. 11
Slide 12: Tasmanian Tin Operations (50%)
TIN Tasmanian Tin Operations (50%) MLX RENISON TIN MINE • Sn Reserves 5.7Mt @ 1.28% Sn (72Kt) ~ 8 yrs. • Resources 11.5Mt @ 1.44% Sn (165Kt) ~16yrs. • Production: 7 – 7,500tpa Sn @ A$18,500/t AISC. • Current tin price: A$28,000/t (~$10,000 margin per tonne). • December quarter $10.7M EBITDA . 12
Slide 13: Next Step: 15-20% Expansion With Minimal Capital
TIN Next Step: 15-20% Expansion With Minimal Capital ORE SORTING – X-RAY TRANSMISSION (XRT) 13
Slide 14: Renison Expansion Project
TIN Renison Expansion Project Proposed New Fumer Plant Existing Renison Mine Infrastructure • Reserve: 22.5Mt @ 0.45% Sn (100Kt tin) - 11 Years. • Project Capital Cost Estimate (Metals X 50% share): – New Tin Concentrator 2Mtpa ~A$40 million – Tin Fumer Plant 60ktpa ~A$40 million – New Tailings Dam
Slide 15: Central Musgrave Project
NICKEL Central Musgrave Project 15
Slide 16: Wingellina - Current Status
NICKEL Wingellina - Current Status • Over 40 years reserve at p.a. production rate of 40,000t Ni and 3,000t Co. • Feasibility study (±25%) was completed in 2008. • 2010 Metals X signed a ground breaking Mining Agreement with the native title holders, the first ever negotiated in the region. • Water
Slide 17: Feasibility Outcomes
NICKEL Feasibility Outcomes 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$3.34/lb (after Co credits) Est. Average A
Slide 18: 2014 Business Activities
2014 Business Activities @ Prioritize New Growth Businesses Verified self-developed technologies for commercialization g Verified direct-extraction technology gw Completed pilot test to move towards for commercialization demo plant for PosNEP* - Completed construction of pilot plant in - —— tech for
Slide 19: Summary
SUMMARY • Three World Class Ore Bodies – Nifty, Renison and Wingellina; • Strong Cashflow from Tin and Copper; • Development ready Nickel Project; • Expansion projects in Tin and Copper; • December quarter Op EBITA $20M, EV A$335 • No debt, $112M Cash and working Capital, plus $15M Investments. 19
Slide 20: Thank You!
Thank You! AL...
Slide 21: Significant Expansion Potential
TIN Significant Expansion Potential 2 kms AREA 4 21
Slide 22: Significant Cobalt Inventory
NICKEL Significant Cobalt Inventory 22 22