Metals X Limited · ASX:MLX

Metals X — Shareholder Meeting (November 2012)

27 slides from Metals X's shareholder meeting presentation, Nov 23, 2012

  1. Slide 1: Welcome - Metals X Limited 2012 AGM

    For personal use only WELCOME ! Metals X – Limited 2012 AGM !

  2. Slide 2: A Diversified Miner - Tin, Nickel, Gold, No Debt

    TIN NICKEL GOLD >$100M CASH & INVEST For personal use only A DIVERSIFIED MINER NO DEBT TIN DIVISION NICKEL DIVISION GOLD DIVISION “World Class - Renison” “World Class – Wingellina” CMGP – 2.7 Moz Operating Development Ready Rover 1 – 1.2 Moz Strong cash flow 40 yr + Project Development Ready Other Ti

  3. Slide 3: The year past

    TIN NICKEL GOLD The year past For personal use only § Completed major investment in Renison tin mine opening up all extents of the mine for which the operational and exploration benefits are now being observed § Completed the merger with Westgold Resources - 3.9Moz in two project ready development

  4. Slide 4: Tin Division - Tasmania Tin Assets

    TIN DIVISION Tasmania Tin Assets For personal use only § Whole mine open for the first time in over a decade creating flexibility and Proposed Renison Expansion optimising operational performance Project § New mining fleet in place § On track for production of 7,500tpa at an operating cost of $13

  5. Slide 5: Renison is a massive system still open in all directions

    TIN DIVISION Rension is a massive system still open in all direction For personal use only 2 km 1 2 3

  6. Slide 6: Renison Exploration Lower Federal / CFB Zone

    Renison TIN DIVISIONBell Renison Exploration Lower Federal / CFB Zone Showing Recent and Selected Better Results EXPLORATION FEDERAL NORTH/DEEPS (1) For personal use only 1665 HW Drill Drive U4620 7.5m @ 1.21% Sn & 7.72m @ 1.4% Sn U4540 2.03m @ 1.72% Sn U4547 1.96m @ 7.11% Sn U4548 4.71m @ 4.24% Sn

  7. Slide 7: Renison is a massive system still open in all directions

    TIN DIVISION Rension is a massive system still open in all direction For personal use only 2 km 1 2 3

  8. Slide 8: Renison Exploration Area 4 Zone

    Renison Bell TIN DIVISION Renison Exploration Area 4 Zone Zeehan Showing Recent and Selected Better Results EXPLORATION AREA 4 (2) For personal use only U4229 3m @ 2.53% Sn Area 4 and the Area 4 down-plunge hosts 1.72 Mt @ 2.1% Sn of Resource. U4264 7.21m @ 6.52% Sn U4664 0.97m @ 8.34% Sn & 1.67m @

  9. Slide 9: Renison is a massive system still open in all directions

    TIN DIVISION Rension is a massive system still open in all direction For personal use only 2 km 1 2 3

  10. Slide 10: Renison Exploration North Renison Deeps Zone

    Renison Bell TIN DIVISION Renison Exploration North Renison Deeps Zone Showing Recent and Selected Better Results MAJOR FOCUS HUON DEEP/NORTH (3) S0343 6m at 0.61% Sn For personal use only U4443 4.60m at 3.13% Sn U4453 3.13m at 2.76% Sn U4449 2.16m at 3.29% Sn U4633 1.15m @ 2.67% Sn U4221 5.95m at 2

  11. Slide 11: Significant Expansion Potential

    TIN DIVISION SIGNIFICANT EXPANSION POTENTIAL For personal use only AREA 4

  12. Slide 12: Forecast weeks' supply and prices

    TIN DIVISION For personal use only Forecast weeks’ supply and prices Weeks’ supply, price in US$/tonne 14.0 Forecast 40,000 Weeks' supply Prices 12.0 35,000 30,000 10.0 25,000 8.0 20,000 6.0 Renison 15,000 4.0 10,000 Mine 2.0 5,000 Infrastruct 0.0 0 1990 1995 2000 ure 2005 2010 2015 after Peter Kett

  13. Slide 13: Two Project Ready development assets

    GOLD DIVISION Two Project Ready development assets For personal use only Proposed new cash flow assets for Metals X • Merger recently completed 3.9Moz in two project ready gold development assets • Central Murchison Gold Project (CMGP) 2.7Mozs – DFS soon to be completed – proposed combined high grad

  14. Slide 14: Central Murchison Gold Project

    GOLD DIVISION CENTRAL MURCHISON GOLD PROJECT For personal use only

  15. Slide 15: Central Murchison Gold Project - Great Fingall Golden Crown

    GOLD DIVISION CENTRAL MURCHISON GOLD PROJECT For personal use only § Historic production of 1.6 Million ounces at GREAT FINGALL - GOLDEN CROWN a recov. grade 17 g/t. Mining Centre Schematic Great Fingall Open Pit Golden Crown Shaft § Large underground 0mRL Great Fingall mine and an open pit Histor

  16. Slide 16: CMGP - Big Bell Line of Lode

    GOLD DIVISION CMGP – BIG BELL LINE OF LODE For personal use only § Historic production of 2.7 Moz. § Planned large underground mine and a series of open pit cut-backs. § Current combined Total Identified Mineral Resource (JORC) estimate of 22.6 Mt @ 2.13g/t Au containing 1.554 Moz.

  17. Slide 17: Rover Project

    GOLD DIVISION ROVER 1 PROJECT For personal use only

  18. Slide 18: Rover Project - Targeting High Grade

    GOLD DIVISION Rover 1 Project-Targeting High Grade For personal use only 474m 3.1% Cu, 0.32g/t Au 548m 9.23g/t Au 475m 9.0% Cu, 1.06g/t Au 549m 10.30g/t Au 476m 10.9% Cu, 1.28g/t Au 550m 9.28g/t Au 551m 6.46g/t Au 477m 21.47% Cu, 1.41g/t Au 552m 478m 26.5g/t Au 0.8% Cu, 0.12g/t Au 553m 8.82g/t Au 47

  19. Slide 19: Rover Gold Project - IOCG Anomalies

    GOLD DIVISION ROVER GOLD PROJECT – IOCG ANOMALIES For personal use only Explorer 108 8.733 Mt @ 5.6% Pb + Zn Rover 1 Explorer 142 10m @ 2.98% Cu & 0.12 g/t Au 8m @ 4.01% Cu & 0.26 g/t Au

  20. Slide 20: Wingellina Nickel and Cobalt Project

    NICKEL DIVISON Wingellina Nickel and Cobalt Project For personal use only Focus on finalise development approvals and seeking partners for the financing • Signed MOU with Samsung C&T to assist with financing, construction and delivery of the project • DFS scope completed and study to commence early

  21. Slide 21: Central Musgrave Project

    NICKEL DIVISION CENTRAL MUSGRAVE PROJECT For personal use only • A major land holding – oxide & sulphide nickel, copper and platenoids. • A mining agreement covering 18,000km2 (projects + infrastructure). • The world class Wingellina Nickel Project - one of the largest undeveloped nickeliferous ‘pur

  22. Slide 22: Wingellina Project - Phase 1 Feasibility

    ICKEL NICKEL DIVISION WINGELLINA PROJECT – PHASE 1 FEASIBILITY For personal use only 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 Pro

  23. Slide 23: Wingellina - Globally Significant

    For personal use only Mt of Nickel contained 0 1 2 3 4 5 6 7 8 9 10 Koniambo La Sampala Pinares Weda Bay Sipilou NICKEL DIVISION Onca-Puma Nakety-Bogota San Felipe Gag Island WINGELLINA – GLOBALLY SIGNIFICANT Goro Exmibal Vermelho Wingellina Under Construction/Commissioning Ravensthorpe Barro Alto A

  24. Slide 24: Capital Structure

    TIN NICKEL GOLD CAPITAL STRUCTURE For personal use only Market ASX Major Shareholders Share Code MLX APAC Resources 24.1% Share Price $0.13 Jinchuan Group 10.7% Shares on Issue 1,652M Blackrock Investments 5.3% Market Capitalisation $215M 5.0% Board & Management Net Cash (and WC) $60M 4.8% Market In

  25. Slide 25: The year ahead

    TIN NICKEL GOLD The year ahead For personal use only • Renison Tin mine has re emerged as a large, long life, high grade, low cost tin mine with strong margins providing significant cash flows for the group • On track to deliver 7,500tpa+ tin production at a cash cost of A$13,000 (current tin price

  26. Slide 26: Thankyou for your support

    For personal use only Thankyou for your support

  27. Slide 27: Disclaimer

    TIN NICKEL GOLD 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 presen

Metals X — Shareholder Meeting (November 2012) on 6ix