Slide 1: Diggers & Dealers 2011
For personal use only Diggers & Dealers 2011
Slide 2: Who is Metals X Limited?
Who is Metals X Limited? For personal use only A multi commodity diversified Australian explorer, developer and producer • Australia’s Largest Tin producer providing Metals X’s with a strong cashflow base - 2.5% of Global primary tin supply, increasing with further production upgrades and expansions
Slide 3: Key Projects & Assets
Key Projects & Assets For personal use only Production • Tasmanian Tin Operations (8,000 tpa) 3.2 % Development • Renison Expansion Project (5,000 tpa) • Wingellina Nickel Project (40,000 tpa Ni, 25% 3,000 tpa Co, 40+ years) Exploration 17% • Renison Deeps (high grade tin and copper) • Central Musgr
Slide 4: MLX Equitable Share of Resources
MLX Equitable Share of Resources For personal use only Commodity Metal Tin (Sn) 130,000 tonnes Nickel (Ni) 2,000,000 tonnes Cobalt (Co) 160,000 tonnes Iron Oxide (Fe2O3) 100,000,000 tonnes Copper (Cu) 50,000 tonnes Gold (Au) 600,000 ounces Phosphate(P2O5) 1,400,000 tonnes Zinc (Zn) 110,000 tonnes Le
Slide 5: Tin – The Foundation of Electronics
For personal use only Tin – The Foundation of Electronics
Slide 6: Tin Demand is Driven by Electronics
Tin Demand is Driven by Electronics For personal use only Tin is consumed in small amounts in a huge amount of units resulting in the price being extremely elastic with no real substitution for solder available LME Tin Price and Stocks 35,000 35,000 30,000 30,000 China remains the major growth engin
Slide 7: Tin Supply Remains in Deficit
Tin Supply Remains in Deficit For personal use only “For tin, we see nothing in the immediate horizon that would change the poor supply picture.” - Gayle Berry, analyst at Barclays Capital 350 35,000 30,000 Prod KT 25,000 300 20,000 15,000 250 10,000 LME Prices 5,000 200 - 2003 2004 2005 2006 2007 2
Slide 8: Tasmanian Tin Operations
For personal use only Tasmanian Tin Operations
Slide 9: Renison is one of the World's Largest Tin Deposits
Rension is one of the Worlds Largest tin Deposits For personal use only Renison is the largest and highest grade tin resource in Australia and is one of the biggest single deposits ever mined in the world Bubble reflects size of resource Resource Grade % Million Tonnes (Resource) Source: Company ASX
Slide 10: Tasmanian Tin Operations (50% MLX)
Tasmanian Tin Operations (50% MLX) For personal use only The Renison tin operations is a highly profitable low cost producer - 2.5% of the global primary tin supply. • Current Production*: 6,000t tin pa @ A$16,000; $70M EBITDA • Increasing production*: to 8,000 tin pa @ A$12,000; $130M EBITDA • Copp
Slide 11: Significant Expansion Potential
Significant Expansion Potential For personal use only 2Kms
Slide 12: Recent Exploration Results
Recent Exploration Results For personal use only
Slide 13: Renison Expansion Project (Rentails)
Renison Expansion Project (Rentails) For personal use only The Rentails Project (50% MLX) is the application of new technology and tin fuming for the treatment of over 19Mt of historic tailings from the Renison Tin Concentrator. • Measured & Indicated Resource: 18.95Mt of ore at 0.44% tin, 0.21% cop
Slide 14: Central Musgrave Nickel Project
For personal use only Central Musgrave Nickel Project
Slide 15: Wingellina Nickel Project
Wingellina Nickel Project For personal use only Wingellina is one of the largest undeveloped Nickel projects in the world, delivering 40,000t of nickel and 3,000t of cobalt pa for over 40 years. • Significant Resource: 183 Mt @ 1% nickel. 92% in Reserve. • 40+ Year Project Life: 40,000 tonnes of nic
Slide 16: Wingellina Project – 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 Significant Sipilou Onca-Puma Nakety-Bogota San Felipe Gag Island Heron Goro Exmibal Vermelho Ambatovy Wingellina Project – Globally Wingellina Barro Alto Cupey Ramu Mount Margaret Prony WoWo Gap
Slide 17: Demand for Nickel
Demand for Nickel For personal use only “I foresee that in the next five to 10 years, consumption of stainless steel will increase by a moderate rate of 5 to 7 percent per annum.” - Lou Dingbo, president Boasteel - Metal Bulletin conference June 2011 Source: Agencies, Roskill, WBMS
Slide 18: Wingellina Nickel Project
Wingellina Nickel Project For personal use only Moving towards a position that enables development Title – Mining and infrastructure agreement signed Environment – Scoping study approved by Government Mining – Free dig, very low strip ratio, mining costs less than 10% of operating costs Meta
Slide 19: Strategic Investments
For personal use only Strategic Investments
Slide 20: Strategic Investments
Strategic Investments For personal use only Planning to be Australia’s next 200,000oz gold producer 25% 3Moz Gold Equivalent resource Plus Significant upside. Gold, Copper, Lead/Zinc, Phosphate and other minor co- products 17% A entry into the Mongolian High grade Gold, Coal and Iron ore in Mongolia
Slide 21: This is Metals X Limited
This is Metals X Limited For personal use only • A$175M Cash & investments with a Market Capitalisation of A$340M • Tasmanian Tin Operations (50% MLX) EBITDA > A$130Mpa, 8-9,000 tpa of tin* • Rentails Expansion Project capable of adding EBITDA of A$80Mpa, 5,000tpa of Tin* • Wingellina (100% MLX) a g
Slide 22: 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
Slide 23: www.metalsx.com.au
For personal use only www.metalsx.com.au Booth #79