Metals X Limited · ASX:MLX
Metals X — Investor Presentation (March 2020)
25 slides from Metals X's investor presentation, Mar 10, 2020
Slide 1: Australia's Premier Tin Producer
CORPORATE CLICK TOPRESENTATION EDIT MASTER – March TITLE2020 STYLE AUSTRALIA’S PREMIER TIN PRODUCER Focusing on increasing resources, reserves and margins
Slide 2: Cautionary Statement & Disclaimer
CLICK TO EDIT MASTER TITLE STYLE CAUTIONARY STATEMENT & DISCLAIMER This Presentation has been prepared by Metals X Limited (“Metals X”, “MLX” or the “Company”). GENERAL DISCLAIMER This Presentation contains summary information about the Company’s activities current as at the date of this Presentatio
Slide 3: Australia's Premier Tin Producer
CLICK TO EDIT MASTER TITLE STYLE AUSTRALIA’S PREMIER TIN PRODUCER Renison Tin Operations (50%) Copper and Nickel Portfolio • A significant long life tin supplier generating strong • More than 1 Mt of copper in JORC compliant cashflows producing 7,500 – 8,000tpa of tin resources at Nifty Copper Mine
Slide 4: A Focused Strategy to Deliver Shareholder Value
CLICK TO EDIT MASTER TITLE STYLE A FOCUSED STRATEGY TO DELIVER SHAREHOLDER VALUE • A refreshed focus on operational and financial discipline across MLX portfolio • Maximising cash flow and extending the mine life of the Renison Tin Operation • Maintaining the Nifty Copper Operation infrastructure Ni
Slide 5: Renison - Australia's Largest Tin Operation
CLICK TO EDIT MASTER TITLE STYLE RENISON - AUSTRALIA’S LARGEST TIN OPERATION • Seven-year mine life with strong exploration potential Renison Tin 2017/18 2018/19 2019/20 Operations (100%) Actual Actual Guidance • A significant tin operation in a favourable location Tonnes Mined Mt 0.8 0.8 0.85 – 0.9
Slide 6: The Increasing Importance of Tin
CLICK TO EDIT MASTER TITLE STYLE THE INCREASING IMPORTANCE OF TIN • The tin market is entering an exciting period supported by the diversification and growth of applications in new technologies • China accounted for ~45% of global tin Metals Most Impacted By New Technology consumption in 2019 • The
Slide 7: Tin Price Driven by Increasing Technology Metal Demand
CLICK TO EDIT MASTER TITLE STYLE TIN PRICE DRIVEN BY INCREASING TECHNOLOGY METAL DEMAND • Renison continues to deliver strong margins even at current prevailing price • Future refined tin production expected to increase above average historical growth rate of 2% per annum • Miniaturisation of electr
Slide 8: Renison Cash Flow Optimisation and Mine Life Growth
CLICK TO EDIT MASTER TITLE STYLE RENISON CASH FLOW OPTIMISATION AND MINE LIFE GROWTH Optimisation Studies Underway Mine Life Growth Potential • Primary focus on sustained mining rates of • Building towards a ten-year mine life with a ~1Mtpa to increase margins and cashflow continued focus on extensi
Slide 9: High Grade Area 5 Provides Tin Resource Grade Uplift
CLICK TO EDIT MASTER TITLE STYLE HIGH GRADE AREA 5 PROVIDES TIN RESOURCE GRADE UPLIFT • Area 5 Mining Optimisation Study (due June Qtr 2020) to determine the mining plan, infrastructure requirements and updated Life-of-Mine Plan • Area 5 high-grade Mineral Resource: 4.32Mt at 2.10% Sn for 90,700 ton
Slide 10: Opportunities for Step Change in Tin Production
CLICK TO EDIT MASTER TITLE STYLE OPPORTUNITIES FOR STEP CHANGE IN TIN PRODUCTION Rentails Project (MLX: 50%) • Rentails is one of Australia’s largest tin resources • Re-processing tailings which comprise 104kt of Sn metal and 53kt of Cu metal1 • 2017 DFS confirmed production of 5,400t Sn and 2,200t
Slide 11: Nifty Copper Mine – Large Endowment with Price Leverage
CLICK TO EDIT MASTER TITLE STYLE NIFTY COPPER MINE – LARGE ENDOWMENT WITH PRICE LEVERAGE Large and growing sulphide copper endowment • 91km of underground drilling over the past three years • New 2020 Sulphide Mineral Resource1: 39.65Mt @ 1.51% Cu for 598kt Cu representing a 10% increase in containe
Slide 12: Nifty Infrastructure Maintained for Rapid Restart
CLICK TO EDIT MASTER TITLE STYLE NIFTY INFRASTRUCTURE MAINTAINED FOR RAPID RESTART Site and Sulphide Processing Infrastructure Fully permitted with all key infrastructure in place 2.5Mtpa sulphide concentrator 21MW gas turbine power station Plus 400 room mine village and jet-capable airport
Slide 13: Paterson Province Exploration and Development
CLICK TO EDIT MASTER TITLE STYLE PATERSON PROVINCE EXPLORATION AND DEVELOPMENT • Large & highly prospective ground holding adjacent to read-to- go processing infrastructure • Recent RioTinto Winu and Newcrest Havieron Cu-Au discoveries highlight province potential • MLX control ~3,000km2 of the Pate
Slide 14: Wingellina Nickel - Cobalt Project
CLICK TO EDIT MASTER TITLE STYLE WINGELLINA NICKEL - COBALT PROJECT • A tier-one, long life, high-grade project with strong economics and approvals in place Wingellina High Grade Co Domains • Underpinned by 1.9Mt of contained nickel and Wingellina 154,000t of contained cobalt • Ore Reserve supports
Slide 15: Corporate Overview
CLICK TO EDIT MASTER TITLE STYLE CORPORATE OVERVIEW Share Price & Market Volume Capital Structure Current Shares on issue 907,266,067 Daily volume traded on-market MLX daily closing share price Share price (as at 9 March 2020) A$0.067 $0.30 80 Daily volume traded on-market Closing Share Price (A$/sh
Slide 16: Board of Directors
CLICK TO EDIT MASTER TITLE STYLE BOARD OF DIRECTORS PATRICK O’ CONNOR – EXECUTIVE CHAIRMAN • Experienced independent Non-Executive Director and Chief Executive Officer • Previously a Chairman of Perilya Ltd , CEO for OceanaGold Corporation and Non-Executive Director of Stanmore Coal Ltd (ASX: SMR) B
Slide 17: Enhancing Value of a Significant Base Metals Portfolio
CLICK TO EDIT MASTER TITLE STYLE ENHANCING VALUE OF A SIGNIFICANT BASE METALS PORTFOLIO • Refreshed Board and management team with strong capabilities in corporate and financial discipline and operating efficiency • Maximising cashflow from Renison Tin Operation, a world class tin mine, with growth
Slide 18: Appendix
CLICK TO EDIT MASTER TITLE STYLE APPENDIX Exploration Drilling at Wingellina 18
Slide 19: Mineral Resources (Nifty Copper Operations)
CLICK TO EDIT MASTER TITLE STYLE MINERAL RESOURCES (NIFTY COPPER OPERATIONS) Nifty Copper Operations – Mineral Resource Statement (31 December 2019) Deposit Mineral Resource Mt2 Grade Copper Category1 %Cu Tonnes Nifty Sulphide3 Measured 25.09 1.70 426,700 Indicated 7.46 1.32 98,400 Inferred 7.1 1.03
Slide 20: Mineral Resources (Maroochydore)
CLICK TO EDIT MASTER TITLE STYLE MINERAL RESOURCES (MAROOCHYDORE) Nifty Copper Operations - Maroochydore Copper Prospect Maroochydore CopperStatement Mineral Resource Prospect – at Mineral Resource 31 March 2016Statement (31 March 2016) Copper Cobalt Mineral Resource 1 Grade Copper Grade Cobalt Depo
Slide 21: Mineral Resources & Ore Reserves (Renison)
CLICK TO EDIT MASTER TITLE STYLE MINERAL RESOURCES & ORE RESERVES (RENISON) Renison Tin Operations - Mineral Resource Statement (10 December 2019) Renison Tin Operations - Ore Reserve Statement (31 March 2019) (MLX Share is 50%) (MLX Share is 50%) 21
Slide 22: Mineral Resources & Ore Reserves (Central Musgrave)
CLICK TO EDIT MASTER TITLE STYLE MINERAL RESOURCES & ORE RESERVES (CENTRAL MUSGRAVE) Central Musgrave Project - Mineral Resource Statement (30 June 2016) Central Musgrave Project - Ore Reserve Statement (30 June 2016) 22
Slide 23: Appendix – Competent Persons Statements
CLICK TO EDIT MASTER TITLE STYLE APPENDIX – COMPETENT PERSONS STATEMENTS Acceptance By attending an investor presentation or briefing, or accepting, accessing or reviewing this Presentation you acknowledge and agree to the terms set out in the Cautionary Statement and Disclaimer. JORC Compliance Sta
Slide 24: Appendix – Competent Persons Statements
CLICK TO EDIT MASTER TITLE STYLE APPENDIX – COMPETENT PERSONS STATEMENTS Competent Person Statement – Renison Tin Operations Ore Reserve The information in this announcement relating to the Ore Reserves of the Renison Tin Operations has been extracted from Metals X’s announcement released on 20 Augu
Slide 25: Appendix – Competent Persons Statements
CLICK TO EDIT MASTER TITLE STYLE APPENDIX – COMPETENT PERSONS STATEMENTS Competent Person Statement – Nifty Oxide, Nifty Heap Leach, Maroochydore Oxide and Maroochydore Sulphide Mineral Resource The information in this announcement that relates to Mineral Resources for Nifty Oxide and Nifty Heap Lea