Ann: Significant intersections at Renison Mine Hastings area, page-2

AND HERE TIS:
SIGNIFICANT INTERSECTIONS AT RECENTLY DEFINED RENISON MINE HASTINGS AREA
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)
• Hastings is a newly defined area (Figure 1) that is in a major footwall fault zone between the high-grade Area 5 and Leatherwood areas with the discovery intersection at the 1066 RL. The Hastings area currently has an extent of approximately 375m horizontally and 145m vertically.
• The Hastings area interpretation is now based on 16 diamond drill holes; 13 of which contain significant tin
intersections with the mineralised zone open to the north and at depth (Figure 2).
• Since the initial discovery hole in February 2021, ongoing follow-up drill testing of the Hastings area has now reported multiple high grade tin intersections of very significant widths, below are the most significant:
Hole True Width (metres) % Tin Downhole (metres)
U8220 35.0 1.87 237
U8227 17.0 3.52 385
U8223 9.3 3.65 261
U8221 2.3 10.72 320
U8222 14.0 1.61 305
U8218 24.0 0.87 298
U8230 0.8 24.77 165
U8232 6.1 2.83 174
• Hastings recently contributed 6.1kt tin in the 2021 Renison Bell Mineral Resource of 18.2 Mt at 1.65% Sn for 302kt of contained tin, comprising 55% in the Indicated Resource category and 45% in the Inferred Resource category (see ASX Announcement 7 June 2021).
• The Hastings mineralisation is proximal to existing Area 5 and Leatherwood’s infrastructure and, as mining
progresses, will be readily supported by planned infrastructure.
• Further follow-up infill drilling is planned to commence towards the end of CY 2021.
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