Financial Summary
Balance Sheet
At March 31 MLX had cash on hand of $5.2M with debt of $12.5M including a related party loan of $7.3M. Subsequently MLX has raised $32.7M through a placement to Jinchuan (117M shares at $0.28).
Earnings
The restart of Renison is expected to have a significant impact on group earnings. Renison is projected to add ~$60M in EBITDA which could lift mid term group earnings toward $80-100Mpa (Figure 8). Key risks to this assumption are tin prices and meeting production targets. Earnings could continue to grow with eventual contribution from Rentails ($30-$50M) and Wingelina. In our assumptions we assume MLX utilises some $60M in tax losses.
Funding
MLX should be well funded for the anticipated restart of Renison budgeted at $25M with a healthy cash position and existing cash flows. Further, in the money options are expected to raise some $40M in coming years. While group cash flows are expected to build it is likely that future growth projects such as Rentails (~$60M) and Wingellina (potentially $2B) will require additional funding. MLX may well seek a partner for any Wingellina development.
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62.5¢

Financial SummaryBalance SheetAt March 31 MLX had cash on hand...
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Last
62.5¢ |
Change
-0.030(4.58%) |
Mkt cap ! $553.9M |
Open | High | Low | Value | Volume |
66.0¢ | 66.0¢ | 61.0¢ | $2.280M | 3.628M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 86376 | 62.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
62.5¢ | 180867 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 70000 | 0.620 |
1 | 1000 | 0.615 |
11 | 248884 | 0.610 |
4 | 40722 | 0.605 |
15 | 244183 | 0.600 |
Price($) | Vol. | No. |
---|---|---|
0.625 | 161645 | 2 |
0.630 | 18542 | 1 |
0.635 | 7000 | 1 |
0.640 | 30962 | 2 |
0.665 | 40000 | 1 |
Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
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