Metals X Limited · ASX:MLX
Metals X — Shareholder Meeting (May 2023)
17 slides from Metals X's shareholder meeting presentation, May 2023
Slide 1: Australia's Premier Tin Producer
AUSTRALIA’S PREMIER TIN PRODUCER AGM PRESENTATION – MAY 2023 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 2022 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% • 30 years’ experience in • Over 40 years’ experience • Construction and mining • Experienc
Slide 4: Capital Structure
Capital Structure As at 22 May 2023 907,266,067 Issued Shares APAC Resources Limited 19.8% Old Peak Group Limited 9.7% Remaining MLX Holders 70.5% 4
Slide 5: Corporate Highlights
Corporate Highlights • Released inaugural 2022 ESG Report1 developed “with reference to” the international Global Reporting Initiative Standards (GRI). • Debt free2 and A$100M cash reserves held in various interest-bearing short-term deposits earning interest above A$1M per quarter. • Investments in
Slide 6: Environment, Social, and Governance (ESG)
Environment, Social, and Governance (ESG) • Metals X released its 2022 ESG Report1 developed “with reference to” the international Global Reporting Initiative Standards Foundation 2021 (GRI) and sets the benchmark for the Company’s 5 ESG Commitments and its ‘Statements of Intent’. Stakeholder Engage
Slide 7: Financial Highlights
Financial Highlights For the 6-month period ending 31 December 2022 $349m $114m Market Cap Closing available cash 351 $67m P/E Ratio Revenue $0.35 $10m Net Assets per Share NPAT $235m2 $0.0111 Enterprise Value EPS 1 Impacted by the fact that the earnings is for a 6-month period. 2 Enterprise Value c
Slide 8: Investments Dec 2022 Valuations: $50.9 million
Investments 31 Dec 2022 Valuations $50.9 million comprising: $9.7m $10.6m $30.4m $0.2m NICO NICO Convertible Cyprium Shares1 Options2 Note2 Options2,3 • 15.7 million NC1 • 25 million • Face value: • 20.27 million shares options $36m options consisting of 15 • Expiry: 3 Nov • Maturity: 30 Mar • Expir
Slide 9: Renison (50%) – A World Class Tin Operation
Renison (50%) – A World Class Tin Operation • Only ASX listed tin producer. • A significant tin operation in a favourable location. • Renison Bell Proved and Probable Reserve increased to 8.8 Mt at 1.46% Sn for 128,900 tonnes of contained tin1. • Long life tin supplier generating 10ktpa of tin1. 9 1
Slide 10: Renison Safety
Renison Safety 20 Total Recordable Injury Frequency Rate 18 18.7 16 16.7 6.3 TRIFR 14 12 10 10.8 9.5 8 8.6 6 6.3 4 5.1 2 0 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 10
Slide 11: Renison Tin Operation
Renison Tin Operation Production Summary (100%) 6-mths to 12-mths to Production Unit 31 Dec 2022 30 Jun 2022 Ore mined t ore 380,185 791,850 Grade of ore mined % Sn 1.38 1.54 Ore milled (after sorter upgrade) t ore 307,043 670,291 Grade of ore processed % Sn 1.63 1.81 Mill recovery % 75.37 78.16 Tin
Slide 12: Rentails, Area 5 and Metallurgical Improvement Program
Rentails, Area 5 and Metallurgical Improvement Program As at 31 March 2023 • The Rentails project has progressed in-line with the major objectives of the 2023 study plan. The major objectives of the study plan for 2023 are: • Thermal Upgrade Plant (TUP) furnace industrial scale testing; • Progress “
Slide 13: Near Mine Exploration
Near Mine Exploration • During 2019, seven holes were surveyed in a program using a single axis DHEM probe. This program identified 24 conductor plates from seven target areas, 13 of which were off hole conductors. • An initial program of three diamond drill holes was planned and executed to test th
Slide 14: Mineral Resources (Renison Tin Operation)
Mineral Resources1 (Renison Tin Operation) Mineral Resource Estimate as at 31 March 2022 (MLX Share is 50%) Mineral The Company last undertook its annual Tonnes Tin Copper Tin Copper Deposit Resource review of ore reserves and mineral resources (Mt) (% Sn) (%Cu) (Kt) (Kt) Category1,2 as at 31 March
Slide 15: Ore Resources (Renison Tin Operation)
Ore Resources1 (Renison Tin Operation) Mineral Resource Estimate as at 31 March 2022 (MLX Share is 50%) The Company last undertook its annual Ore Reserve Ore Grade Tin Grade Copper review of ore reserves and mineral resources Deposit Category kt3 % Sn Tonnes4 % Cu Tonnes4 as at 31 March 2022, as ann
Slide 16: 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 17: Metals X Limited
METALS LIMITED