Metals X Limited · ASX:MLX

Metals X — Diggers and Dealers 2014

30 slides from Metals X's conference presentation, Aug 5, 2014

  1. Slide 1: '3 for 1' and a bank. Diggers and Dealers 2014

    ASX: MLX OTCQX: MTXXY GR: FG5 For personal use only ‘3 for 1’ and a bank. Diggers and Dealers 2014

  2. Slide 2: Corporate Snapshot

    CORPORATE SNAPSHOT ‘3 for 1’ and a bank. For personal use only 1. Globally significant tin miner. 2. Significant gold producer (& expanding). 3. Developing a world class nickel-cobalt project. The Bank: +$80M in cash & WC, strong cash-flow, no debt. Security Exchange Listings Code: AS OTCQX ASX: MLX

  3. Slide 3: A Diversified Miner – Australia Focussed

    A DIVERSIFIED MINER – AUSTRALIA FOCUSSED Base Metals For personal use only Renison 153 Kt Sn 40 Kt Cu Wingellina/Claude Hills 2,067 Kt Ni 161 Kt Co 99 Mt Fe2O3 Rover 1 – IOCG 82 Kt Cu 9.5 Kt Bi 4 Kt Co Explorer 108 384 Kt Zn 257 Kt Pb 4.2 Moz Ag Precious Metals - Gold 4 Projects 13. 4 Moz Au In Aust

  4. Slide 4: 1. Globally significant tin miner

    For personal use only ‘3 for 1’ and a bank. 1. Globally significant tin miner. 4

  5. Slide 5: Tin Division: Australia's Only Significant Tin Producer

    TIN DIVISION AUSTRALIA’S ONLY SIGNIFICANT TIN PRODUCER For personal use only b l i c l y w o rld pu tern - l y w es t h e on r f n o t d u c e f e w,i t i n p ro e v e ry l i s ted of t h One 5

  6. Slide 6: Tin Division: Tasmanian Tin Projects (50% MLX)

    TIN DIVISION TASMANIAN TIN PROJECTS (50% MLX) For personal use only Renison Project (100%) • Production from 1968: 23Mt @ 1.4% Sn (225Kt recovered). • Reserves 5.51Mt @ 1.38% Sn (75.8Kt). • Resources 11.5Mt @ 1.65% Sn (190Kt). • 2014: 7 - 7,500tpa Sn @ A$17,000 est. C2 MLX Share (50%) • EBITDA ~ $30

  7. Slide 7: Tin Division: Renison Bell Mine

    TIN DIVISION RENISON BELL MINE (MLX 50%) Going for over 40 years – over 15 years of resource. We say 40 years to go !! For personal use only

  8. Slide 8: Renison – a world class tin mine

    TIN DIVISION RENISON (MLX 50%) – a “world class” tin mine 2.5( For personal use only ZĞŶŝƐŽŶĞůů,ŝƐƚŽƌŝĐнƵƌƌĞŶƚZĞƐŽƵƌĐĞ 2( Grade&(%&Sn)& 1.5( Outback( Collingwood( Stellar( 1( Kasbah( 0.5( Bischoff( Torian( Rentails( YTC Consolidated(Tin( Monto( Paradigm( Toronga( Venture( 0( 0( 10( 20( 30( 40( 50( 60

  9. Slide 9: Tin Division: Renison Expansion Project (Rentails)

    TIN DIVISION RENISON EXPANSION PROJECT (RENTAILS) For personal use only 20.6 Million tonnes @ 0 .45%Sn 0.2 Proposed New Fumer Plant 1%Cu Existing Renison Mine Infrastructure Renison Mine DFS Completed – New tin concentrator Infrastructure & tin fumer plant ($180M) Producing 5,000tpa Tin & 2000tpa Co

  10. Slide 10: 2. Significant gold producer (& expanding)

    For personal use only ‘3 for 1’ and a bank. 2. Significant gold producer (& expanding) 10

  11. Slide 11: Gold Projects

    GOLD DIVISION 4 Gold Projects For personal use only 1. Higginsville Gold Operations – in production (ex. Alacer Gold). 2. South Kalgoorlie Operations – in production (ex. Alacer Gold). 3. Central Murchison Gold Project – completed DFS. 4. Rover 1 Gold Project – pre-feasibility stage. …….Exciting exp

  12. Slide 12: Higginsville & South Kalgoorlie Gold Operations

    GOLD DIVISION HIGGINSVILLE & SOUTH KALGOORLIE GOLD OPERATIONS For personal use only 12

  13. Slide 13: Higginsville & South Kalgoorlie Gold Operations Scorecard

    GOLD DIVISION HIGGINSVILLE & SOUTH KALGOORLIE GOLD OPERATIONS Acquired from Alacer Gold effective 1st October 2013. For personal use only SCORECARD Higginsville Dec 2013 Qtr Mar 2014 Qtr June 2014 Qtr 9 Month Total Gold Produced 42,442 oz 45,141 oz 35,777oz 123,360oz Total Cost of Sales A$903/oz A$9

  14. Slide 14: Higginsville Gold Operations: Where to from here?

    GOLD DIVISION HIGGINSVILLE GOLD OPERATIONS Where to from here? For personal use only • Expand and extend Trident Mine (Chalice mine to close before year end). • Bring on procession of open pits – Lake Cowan Group, Fairplay, Vine and Paleochannel Pits. • Aggressively explore main line of lode – Vine,

  15. Slide 15: Trident 'Line of Lode'

    GOLD DIVISION HIGGINSVILLE GOLD OPERATIONS Trident “Line of Lode” – plenty left in here!! For personal use only Drill results outside of the Ore Reserve 15

  16. Slide 16: South Kalgoorlie Gold Operations: Where to from here?

    GOLD DIVISION SOUTH KALGOORLIE GOLD OPERATIONS Where to from here? South Kalgoorlie For personal use only • Continue processing stockpiled low grade ores and toll processing other third party ore. • Bring on some open pits – identified, evaluated and being finalised (Trojan, Loc’n 59 & Penfolds Area

  17. Slide 17: HBJ – potential long life underground mine

    GOLD DIVISION SOUTH KALGOORLIE GOLD OPERATIONS HBJ – potential to be a long life underground mine !! For personal use only 17

  18. Slide 18: For personal use only

    GOLD DIVISION For personal use only 500m VD 800m VD 18

  19. Slide 19: Central Murchison Gold Project (CMGP)

    GOLD DIVISION CENTRAL MURCHISON GOLD PROJECT (“CMGP”) For personal use only We start with this!! • 5.0 million oz resource base • 1.2 million oz ore reserve • 50 person workers village • A feasibility outcome 100,000oz+ production for 10+ years • $120M for a new plant • Patience!!! 19

  20. Slide 20: CMGP – The ingredients to build an operation

    GOLD DIVISION CMGP – The ingredients to build an operation Meekatharra Gold Project For personal use only • adds a 2 million tpa plant (fully refurbished) • adds +3.5 million oz resource base (JORC 2004) • adds ~ 0.75 million oz reserve base (JORC 2012 – from Reed Strategy) • adds 200 man camp • add

  21. Slide 21: CMGP – What we have?

    GOLD DIVISION CMGP – What we have?? 6 Major Historic Goldfields, Past Prod’n of 9.4 Moz For personal use only Remaining Mineral Resource of 8.5 Moz Yaloginda 1.5 Moz Paddy’s Flat 2.0 Moz Reedy’s 1.0 Moz Big Bell 2.5 Moz Cuddingwarra 0.8 Moz • Goldfields with early history built on larger underground

  22. Slide 22: CMGP – The 3-year Vision

    GOLD DIVISION CMGP - The 3-year Vision • 4 underground mines as the core of the operations: For personal use only • Big Bell Paddy’s Flat 800,000tpa @ 3.2 g/t • Day Dawn (Great Fingall & Golden Crown) 240,000 tpa @ 8.0 g/t Yaloginda/Bluebird • Paddy’s Flat 360,000 tpa @ 5.0 g/t • Reedy’s (South Emu

  23. Slide 23: Rover – IOCG (Tennant Creek)

    GOLD DIVISION ROVER 1 – IOCG (TENNANT CREEK) Total Mineral Resource 1.2Moz Gold Eq.: 6.8Mt @ 5.6 g/t Au. Eq. (1.73 g/t Au, 2.07 g/t Ag, 1.21% Cu, 0.14% Bi, 0.05% Co) For personal use only Bonanza Gold intercepts 15.75m @ 29.4g/t Au High Grade Copper 21m @ 6.9% Cu, 0.9g/t Au Virgin Discovery at Feasi

  24. Slide 24: Building a Significant Gold Producer

    GOLD DIVISION BUILDING A SIGNIFICANT GOLD PRODUCER Capability – up to 500,000oz by end of 2018 FY For personal use only 600000 + ROVER 1 500000 + CMGP 400000 ROVER 1 HGO 300000 SKO CMGP 200000 SKO 100000 HGO 0 2014/15f 2015/16f 2016/17f 2017/18f 2018/19f ROVER 1 0 0 20000 40000 65000 CMGP 0 50000 15

  25. Slide 25: 3. Developing a world class nickel-cobalt project

    For personal use only ‘3 for 1’ and a bank. 3. Developing a world class nickel-cobalt project 25

  26. Slide 26: Nickel Division: Central Musgrave Project

    NICKEL DIVISION CENTRAL MUSGRAVE PROJECT • A major land holding across the NT/WA/SA borders covering the ultrabasic layered intrusives For personal use only of the Giles Complex in the Musgrave Ranges. • The world class Wingellina Nickel Project – one of the largest undeveloped nickeliferous ‘pure o

  27. Slide 27: Wingellina Nickel Project – DFS

    NICKEL DIVISION WINGELLINA NICKEL PROJECT - DFS 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 Production Cost US

  28. Slide 28: Nickel Division: DFS Comparisons

    NICKEL DIVISION DFS Comparisons Nova-Bollinger Wingellina – Claude Hills Comparison For personal use only 15.8 MT @ 2.1% Ni, 216.5 MT @ 1% Ni, Mineral Resource 13.5 x Larger 0.9% Cu, 0.07% Co 0.07% Co, 47% Fe2O3 13.1 MT @ 2.1% Ni, 167.5 MT @ 1% Ni, Ore Reserve 12.8 x Larger 0.9% Cu, 0.07% Co 0.08% C

  29. Slide 29: Metals X Limited – Scorecard

    METALS X LIMITED - SCORECARD • Diversified – exposure shared across precious and base metals. For personal use only • Precious Metals - Gold: • 2 Operations Producing Gold. • 2 Growth Assets – Ready for Development. • Base Metals: • Tin Production and Growth (Unique) • Development Ready Wingellina N

  30. Slide 30: General Disclaimer

    For personal use only 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 Comp

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