Metals X’s Managing Director, Peter Cook said“The future of...

Metals X’s Managing Director, Peter Cook said
“The future of Metals X looks bright. Our strategic positioning in both the nickel and tin
industries has placed us into the two hottest metals in the base metal market. Through
Jinchuan, we will have a strategic partner who has both the financial capacity and technical
capability to assist us with the process of turning Wingellina into one of the Country’s largest
and long life nickel producers.”
Metals X also has a strong nickel royalty portfolio which earns annual royalty income as a
percentage of totals sales from the Mt Keith mine and Kambalda (East Location 48 only)
mines. In the last quarter receipts from these royalties totalled $2.85 million and these
royalties are without exposure to capital and operating risk and provide uncapped exposure
to higher nickel prices.
In parallel with its Nickel business, Metals X continues to advance its tin assets. Metals X is
currently Australia’s largest tin producer from our newly developed Collingwood Tin Project,
albeit at a modest 3500-4000 tonnes per annum. In response to stronger tin prices, Metals
X has plans to recommence its Renison Project in the current year.
The Rentails tailings re-treatment and tin fumer project has achieved its technical objectives
and we are planning to commence pilot testing as a final step before completion of a
bankable feasibility study. Collectively, these projects can elevate the Company to be a top
10 global producer of tin.