Metals X (MLX)

Shares / Stock Code

MLX

Stock Exchange / Sharemarket

Australian Securities Exchange

Metals X (MLX) is a diversified minerals company with the current market capitalisation of around $120M. MLX is engaged in the exploration and development of minerals and base metals in Australia. The Company sources revenue from royalties it receives from sales of nickel at third party operations. Its assets pipeline includes Tin, Nickel, Zinc, Copper, Gold and Uranium projects in various stages of exploration and development in Australia. Metal X listed on the Australian Stock Exchange on 26th August, 2004.

MLX gained exposure to Zinc, Copper and Gold through its 22.39% investment in Westgold Resources Limited (Westgold). It gained exposure to Gold, Uranium and Nickel through its 12.77% shareholding in Aragon Resources Limited that was acquired on July 30, 2007. MLX is currently the largest tin production company in Australia with a significant portfolio of tin projects comprising the Collingwood Tin Project located in Far North Queensland, the Renison Tin Project situated about 15km NE of Zeehan on Tasmania’s West Coast, the he Mt Bischoff tin project located around 80km north of Renison and the Rentails tin tailings treatment project at the Renison Bell Mine. Metals X owns a significant portfolio nickel production royalties from well known nickel producing mines (BHP ex WMC) in Australia. Its nickel projects comprise the wholly owned Central Musgrave Project, the top-class Wingellina Nickel Project and the Claude Hills project.

Previously known as Bluestone Tin Limited Metals the Company was solely focused on the Tin industry. It then merged with Metals Exploration Limited to form Metals X and expanded its exploration focus to include Nickel and other base metals.

Metals X History

MLX generates revenue from royalties it receives from Ni production. MLX is expecting a significant increase in its revenue from tin production by 1QCY09 when its Renison Tin Project will be operating at its full capacity. Metal X has completed the first phase of the Wingellina feasibility project, showing significant value at present Ni prices. APAC and Jinchuan have major shareholding in MLX with 17.6% and 14.8% shares respectively.

Metals X (MLX) Products and Services

  • Tin
  • Nickel
  • Base metals

Metals X (MLX) Locations and Subsidiaries

Metals X Head Office
Level 3, Hyatt Centre, 123 Adelaide Terrace
East Perth, WA, Australia, 6004
Phone: (08) 9220 5700
Fax: (08) 9220 5757
Email: reception@metalsx.com.au

Metals X Subsidiaries

Bluestone Nominees Pty Ltd

Trading Names

Bluestone Tin Limited

Other Metals X Details

Metals X Year Established: 2004
ACN: 110 150 055
D-U-N-S: 752785282
ABN: 25110150055
Previous Company Names: Bluestone Tin Limited

Metals X (MLX) Share Price

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Submitted by ASX Listed Company on 28 June, 2009 - 21:38

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