Metals X Limited · ASX:MLX
Metals X — Shareholder Meeting (May 2024)
16 slides from Metals X's shareholder meeting presentation, May 2024
Slide 1: Australia's Premier Tin Producer – AGM Presentation May 2024
AUSTRALIA’S PREMIER TIN PRODUCER AGM PRESENTATION – MAY 2024 ASX: MLX
Slide 2: Cautionary Statement & Disclaimer
Cautionary Statement & Disclaimer This Presentation has been prepared by Metals X Limited (“Metals X”, “MLX” or the “Company”) and authorised for release by its Board. GENERAL DISCLAIMER This presentation should be read in conjunction with the Annual Report at 31 December 2023 together with any anno
Slide 3: MLX Group and Board
MLX Group and Board Brett Smith Peter Gunzburg Grahame White Patrick O’Connor Executive Independent Non- Independent Non- Independent Non- Director Executive Chairman Executive Director Executive Director 50% • Over 33 years experience in • Over 40 years’ experience • Construction and mining • Exper
Slide 4: Corporate and Financial Summary
Corporate and Financial Summary • Released 2023 ESG Report developed “with reference to” the international Global Reporting Initiative Standards (GRI). As at 31 December 2023: • Geopolitical conditions impacting global tin supply and strength of the US$ helped to 4 5 • increase Metals X cash reserve
Slide 5: Capital Management and Capital Structure
Capital Management • On 1 March 2024 Metals X announced its intention to undertake an on-market Share buy- back for up to 10% of the Company’s issued share capital over a period of twelve months. • To date a total of 1,050,000 shares have been acquired (and cancelled) at an average of $0.356 per Met
Slide 6: Renison – A World Class Tin Operation
Renison – A World Class Tin Operation • Only ASX listed tin producer. • A significant tin operation in a favourable location. • Renison Bell Proved and Probable Reserve 8.225Mt at 1.48% Sn for 121,700 tonnes of contained tin. 6 • Mine life of 10+ years, with 10-year average annual production of 10,1
Slide 7: Renison Safety
Renison Safety Total Recordable Injury Frequency Rate 25 21.3 20 15 13.9 10 10.8 5.6 TRIFR 6.3 5 5.6 0 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023 7
Slide 8: Renison Tin Operation
Renison Tin Operation Production Summary (100%) Production Unit CY2023 CY2022 Ore mined t ore 778,638 748,730 Grade of ore mined % Sn 1.65 1.46 Ore milled (after sorter upgrade) t ore 649,548 632,085 Grade of ore processed % Sn 1.92 1.72 Mill recovery % 76.27 77.37 Tin produced t Sn 9,532 8,404 C1 c
Slide 9: Capital Projects
Capital Projects • The Area 5 Upgrade was completed with access to the high-grade Area 5 and Leatherwood stopes established during Q2 CY2023. The average annual tin production is expected to increase on average to 10,000 tonnes of tin in concentrate per annum. • Paste delivery to production stopes w
Slide 10: Rentails
Rentails For a detailed overview of the Rentails Project, refer to ASX announcement: 16 August 2023: “Public Consultation Commenced for Rentails” • As announced on 26 July 2021, Metals X is currently undertaking a review and update of the previous Definitive Feasibility Study (DFS Update) for the Re
Slide 11: Near Mine Exploration – Ringrose
Near Mine Exploration – Ringrose “These new results, particularly the widths, in proximity to the previously reported results build our confidence that the area will generate a resource and allow us to progress studies to include this as a new area for potential future development. The budget for ad
Slide 12: Near Mine Exploration – Ringrose
Near Mine Exploration – Ringrose 12
Slide 13: Mineral Resources (Renison Tin Operation)
Mineral Resources (Renison Tin Operation) Mineral Resource Estimate as at 31 March 2023 (MLX Share is 50%) The Company last undertook its annual review of ore reserves and mineral resources as at 31 March 2023, as announced to ASX on 28 September 2023 and 19 December 2023, respectively. Since that d
Slide 14: Ore Reserves (Renison Tin Operation)
Ore Reserves (Renison Tin Operation) Mineral Resource Estimate as at 31 March 2023 (MLX Share is 50%) The Company last undertook its annual review of ore reserves and mineral resources as at 31 March 2023, as announced to ASX on 28 September 2023 and 19 December 2023, respectively. Since that date,
Slide 15: Competent Persons' Statements
Competent Persons’ Statements Competent Persons Statement The information in this report that relates to Exploration Results and Mineral Resources has been compiled by Bluestone Mines Tasmania Joint Venture Pty Ltd technical employees under the supervision of Mr Colin Carter B.Sc. (Hons), M.Sc. (Eco
Slide 16: Metals X Limited
METALS 2 LIMITED