Metals X Limited · ASX:MLX
Metals X — Investor Presentation (November 2013)
24 slides from Metals X's investor presentation, Nov 8, 2013
Slide 1: A Diversified Miner
ASX :MLX OTCQX :MTXXY For personal use only A DIVERSIFIED MINER TIN DIVISION GOLD DIVISION NICKEL DIVISION “World Class - Renison” HGO & SKO – 7.2Moz “World Class – Wingellina” Operating CMGP – 5Moz Development Ready Strong cash flow Rover 1 – 1.2Moz 40 yr + Project Other Tin Projects 150,000ozpa+ p
Slide 2: Project Locations
TIN NICKEL GOLD PROJECT LOCATIONS For personal use only Metals X Limited is an Australian focused diversified miner. MLX 50% 2
Slide 3: Capital Structure
TIN NICKEL GOLD CAPITAL STRUCTURE (AUS:USD 0.95) For personal use only Major Shareholders OTCQX: MTXXY Markets ASX: MLX APAC Resources 24.1% $6.00 (OTCQX) Share Price (USD) $0.145 (ASX) Jinchuan Group 10.7% Shares on Issue 1,652M Board & Management 8.5% Market Cap. (USD) US$235M Blackrock Investment
Slide 4: JORC – Total Mineral Resources (MLX Share)
JORC – TOTAL MINERAL RESOURCES (MLX SHARE) Precious Metals For personal use only Higginsville Gold 15.9Mt @ 3.0 g/t Au 1.55Moz Au South Kalgoorlie Gold 87.8Mt @ 2.0 g/t Au 5.69Moz Au Central Murchison Gold Project 62.9Mt @ 1.5 g/t Au 5.01Moz Au Rover 1 – IOCG 6.8Mt @ 1.7 g/t Au 0.38Moz Au Total 12.6
Slide 5: Tin Division
TIN DIVISION AUSTRALIA’S ONLY SIGNIFICANT TIN PRODUCER For personal use only 5
Slide 6: Australia's Tin Resources
TIN AUSTRALIA’S TIN RESOURCES For personal use only 2.5 2 Renison Metals X – the dominant player Grade (% Sn) 1.5 Outback Collingwood Stellar in Tin (Sn) in Australia 1 Kasbah 0.5 Bischoff Torian Rentails YTC Consolidated Tin Monto Paradigm Toronga Venture 0 0 10 20 30 40 50 60 Million Tonnes 2.5 Re
Slide 7: Tasmanian Tin Operations (50%)
TIN TASMANIAN TIN OPERATIONS (50%) MLX For personal use only Renison Bell Mine • Production from 1968: 23Mt @ 1.4% Sn (225Kt rec) • Reserves 4.12Mt @ 1.28% Sn (53Kt) • Resources 11.6Mt @ 1.76% Sn (204Kt) • 2013/14: 7,500tpa Sn @ A$15,000 est • EBITDA MLX share (50%) ~ $34Mpa at current prices ~ $56M
Slide 8: One of the Largest Tin Systems in the World
TIN ONE OF THE LARGEST TIN SYSTEMS IN THE WORLD For personal use only 2km 8
Slide 9: Rentails – The Renison Expansion Project (50%)
TIN “RENTAILS” – THE RENISON EXPANSION PROJECT (50%) For personal use only Proposed Infrastructure Proposed Renison Expansion Project Existing Renison Renison Mine Mine Infrastructure Infrastructure
Slide 10: Rentails – The Renison Expansion Project (50%)
TIN “RENTAILS” – THE RENISON EXPANSION PROJECT (50%) For personal use only • A tailings re-treatment project applying new and proven technology. • Total JORC Resource: - 20.6Mt @ 0.45% Sn, 0.21% Cu • Production of 5,000tpa Sn and 2,000tpa Cu 10 years project life. • EBITDA MLX Share ~$30Mpa (current
Slide 11: Forecast weeks' supply and prices
TIN For personal use only Forecast weeks’ supply and prices Weeks’ supply, price in US$/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 15,000 4.0 10,000 Renison Mine 2.0 Infrastructure 5,000 0.0 0 1990 1995 2000 2005 2010 2015 Base graph after Peter Ket
Slide 12: Gold Division: Building Mid-Size Gold Producer
GOLD DIVISION For personal use only BUILDING MID-SIZE GOLD PRODUCER 150,000 ozpa – expanding to +300,000 ozpa Higginsville Gold Plant (1.3Mtpa) South Kalgoorlie Gold Plant (1.2Mtpa)
Slide 13: Key Attributes of Gold Division - Westgold
GOLD KEY ATTRIBUTES OF GOLD DIVISION - WESTGOLD For personal use only Four Gold Projects 1. Higginsville Gold Operations – in production (ex. Alacer Gold). 2. South Kalgoorlie Gold Operations – in production (ex. Alacer Gold). 3. Central Murchison Gold Project – completed DFS. 4. Rover 1 Gold Projec
Slide 14: Two Production Centres
GOLD TWO PRODUCTION CENTRES For personal use only • Higginsville Operations (“HGO”)- mainly underground operation (Trident & Chalice), 1.3Mtpa CIP Plant, 1.5Moz Resource, producing at circa 150,000ozpa. • South Kalgoorlie Operations (“SKO”) is an open pit & potential underground operation. 1.2Mtpa P
Slide 15: Central Murchison Gold Project
GOLD CENTRAL MURCHISON GOLD PROJECT For personal use only Big Bell Total Mineral Resource - Mineral Resource 61.6Mt @ 2.52g/t 4.96Moz 43.6Mt @ 2.47g/t Au - Ore Reserves Initial Ore Reserve 9.8Mt @ 2.54g/t Au 15.5Mt @ 2.36g/t 1.2Moz Big Bell Cuddingwarra - Mineral Resource 6.25Mt @ 2.59g/t Au - Ore R
Slide 16: Rover – IOCG Project
GOLD ROVER 1 – IOCG PROJECT For personal use only 16
Slide 17: Rover – High Grade – IOCG Mineralisation
GOLD ROVER 1 – HIGH GRADE – IOCG MINERALISATION For personal use only 474m 3.1% Cu, 0.32g/t Au 548m 475m 9.23g/t Au 549m 9.0% Cu, 1.06g/t Au 10.30g/t Au 476m 550m 9.28g/t Au 10.9% Cu, 1.28g/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 479m
Slide 18: Other Significant Projects
OTHER SIGNIFICANT PROJECTS EXPLORER 108 Pb-Zn-Ag For personal use only VIRGIN Pb-Zn-Ag discovery. Coarse grained argentiferous galena (Pb + Ag) and sphalerite (Zn). Good metallurgical properties - high flotation recoveries. Ore system open in all directions. Initial Resource at 2.5% cut-off 11.87Mt
Slide 19: Nickel Division: Central Musgraves Project
NICKEL DIVISION CENTRAL MUSGRAVES PROJECT For personal use only 19
Slide 20: Central Musgrave Project
NICKEL 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 ‘pure oxide’
Slide 21: Wingellina Project – 2008/2009 Feasibility
NICKEL WINGELLINA PROJECT – 2008/2009 FEASIBILITY For personal use only Ore Reserves 167.5Mt @ 1% Ni, 0.08% Co Annual Metal Production 40,000t 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 (
Slide 22: Metals X Limited - Scorecard
TIN NICKEL GOLD CASH INVESTMENTS NO DEBT METALS X LIMITED - SCORECARD For personal use only • Diversified – exposure shared across base and precious metals. • Base Metals Division: • Tin Production and Growth (Unique); • Development Ready high grade Cu-Au Project (Rover 1); • Development Ready “Worl
Slide 23: Disclaimer
TIN NICKEL GOLD DISCLAIMER For personal use only General Disclaimer of deposit under consideration and to the activities which they are undertaking to qualify as a Competent Person as defined in the This presentation has been prepared by Metals X Limited (“Metals X” or the “Company”). It should not
Slide 24: Thank You
ASX :MLX OTCQX :MTXXY For personal use only A DIVERSIFIED MINER TIN DIVISION GOLD DIVISION NICKEL DIVISION “World Class - Renison” HGO & SKO – 7.2Moz “World Class – Wingellina” Operating CMGP – 5Moz Development Ready Strong cash flow Rover 1 – 1.2Moz eq. 40 yr + Project Other Tin Projects 150,000ozp