trading halt re renison production, page-7

It is good news This release is made in response to an article released to the press in the UK
overnight (ITRI – Tin in the News) which has inferred the Metals X operating
performance for the past quarter, based on unaudited annual production
estimates made by one of the JV partners who is publicly listed in Hong Kong.
Metals X wishes to advise that the results from its 50% owned Renison Tin Project
in Tasmania has shown a considerable improvement over the previous quarter.
For the quarter, the Renison Tin Project has produced 1,800 tonnes of tin in
concentrate from the processing of 163,213 tonnes at 1.63% Sn. Cash operating
cost estimates (C2) were significantly lower at $12,650/t for the quarter.
The Renison Project has recorded strong quarter on quarter increases in
productivity over the past nine months. As previously advised, the completion
of dewatering, refit and refurbishment of the North Renison decline has opened
the whole of the mine for ore production for the first time in Metals X’s ownership
which is now being reflected in operating results.
Metals X will release more detail of the quarterly operating performance of the
Renison Project in its December quarterly report.