Ann: Latest Significant Intersections at Renison Mine, page-3

AND HERE 'TIS A PRECIS Just to give you a taste
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LATEST SIGNIFICANT INTERSECTIONS AT RENISON MINE
Metals X Limited (Metals X) is pleased to provide an update on the ongoing resource definition drilling program at Renison Tin Operations (Renison), in which it holds a 50% equity interest. Renison is managed by Bluestone Mines Tasmania Joint Venture Pty Ltd (the Manager) on behalf of the joint venture owners.

HIGHLIGHTS (100% Basis)
• Recent drilling programs at the Renison Mine have added an additional 14 significant tin intersections across the mine since the 15 July 2021 ASX release. These new intersections form part of ongoing drilling programs targeting resource extensions to the north, south and at depth of current reported resources.
• South Basset/Lower Federal surface drilling program has delivered 2 more ore intersections from hole S1665D in both the Federal Fault and a deeper footwall fault associated with the Federal Fault. S1665D is a daughter hole off S1665 which also returned favorable results in early 2021.
• The most northerly significant tin intersection ever drilled at Renison, was intersected in hole U8505 in what is interpreted to be steeply dipping mineralisation related to footwall structures (within the hypothesized Regnans Trend). This hole was drilled from the Huon North 1450 hanging wall drill drive and returned 3.2m @1.91% tin approximately 300m to the north of current mining operations. This intersection was one of several positive results in the northern target area,
that also included 8.1m @ 0.86% tin in U8313 and 5.7m @ 1.93% tin in U8325.
• Deep intersections in the Leatherwood area below current mining levels continue to impress with results such as 6.1m @ 9.56% tin in U8462 and 4.5m @ 9.81% tin in U8466.
• Table 1 (SEE FULL D/LOAD) compiles all significant intersections from resource development drilling in the three target areas discussed.
ASX RELEASE 16 FEBRUARY 2022 ASX RELEASE (ASX: MLX) 2
Hole ID. Target
True
Width
(metres)
% Tin Downhole
(metres)
U8462 Footwall fault in Leatherwood 6.1 9.56 130
U8466 Footwall fault in Leatherwood 4.5 9.81 131
U8468 Federal Fault in Leatherwood 8.6 1.57 193
U8465 Federal Fault in Leatherwood 3.2 3.58 209
U8469 Federal Fault in Leatherwood 8.5 1.00 225
U8467 Federal Fault in Leatherwood 7.0 1.19 160
U8456 Footwall fault in Leatherwood 1.0 8.20 169
U8458 Footwall fault in Leatherwood 5.5 1.29 147
U8325 Federal Fault north deep Regnans Trend 5.7 1.93 337
U8313 Federal Fault north deep Regnans Trend 8.1 0.86 242
U8505 Federal Fault north deep Regnans Trend 3.2 1.91 366
U8320 Federal Fault north deep Regnans Trend 2.3 1.46 315
S1665D Federal Fault in Lower Federal 4.3 0.63 344
S1665D Footwall fault in Lower Federal 1.3 6.54 494
Table 1. Intersections are limited to reserve definition drilling only and are arranged by target area. These
intersections were drilled between July 2021 and February 2022.
• Infill drilling beneath Leatherwood shows excellent grades and thickness particularly in the dolomite replacement orebody, with the best result returning 26m @ 5.49% tin in U8430. Table 2 below compiles the five best resource infill results from the area immediately beneath the current Leatherwood mining levels.
Hole ID. Target True Width (metres)
% Tin Downhole
(metres)
U8409 Dolomite Replacement in Leatherwood 9.50 6.30 97.5
U8402 Dolomite Replacement in Leatherwood 10.0 3.72 104.7
U8403 Dolomite Replacement in Leatherwood 17.0 3.54 101.9
U8430 Dolomite Replacement in Leatherwood 26.0 5.49 91.2
U8374 Footwall fault in Leatherwood 3.04 12.4 126.0
Table 2. The five best Infill drilling intersections below current Leatherwood mining levels, drilled between July 2021 and February 2022.
ASX RELEASE (ASX: MLX) 3
Resource Definition Drilling
The reported drilling, from July 2021 to February 2022, was drilled targeting 3 mining zones; Leatherwood at depth, Huon North extensions to the north and
Lower Federal/South Basset at depth in the south (drilled from surface).
Figure 1 below shows the locations of intersection points of the 14 significant intersections overlaid with current mining voids and planned decline development.
(FOR MORE INFO SEE FULL D/LOAD)
GLAH Mal....