Metals X Ltd
Metals X Limited is a tin producer and holds a portfolio of assets from exploration to development.
The business
Metals X Limited is a tin producer and holds a portfolio of assets from exploration to development. The Company's principal activities include investment in a joint venture company operating a tin mine in Australia and investments in companies undertaking exploration and development of tin, gold and base metals projects in Australia and Europe. The Company owns a 50% equity interest in the Renison Tin Operation (Renison) through its 50% stake in the Bluestone Mines Tasmania Joint Venture Pty Ltd. It comprises the Renison Tin Mine located 15km north-east of Zeehan on Tasmania's west coast. The tailings dams have a Probable Ore Reserve containing approximately 48.3 Metric tons of tin and 98.8 kilotons of copper. Its base metals portfolio is leveraged both by global Gross domestic product (GDP) growth and by the burgeoning technological advancement in batteries, in particular their application in the electric vehicle market.
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Latest news
Elementos secures $5m investment from Metals X to advance Oropesa and Cleveland tin projects
Elementos (ASX: ELT) has secured a $5 million investment from fellow tin producer Metals X (ASX: MLX) by way of a strategic private placement that will see Metals X receive 58.9 million Elementos shares priced at $0.0848 each, equating to a total 19.98% equity stake. The proceeds will advance Elementos’ flagship Oropesa tin project in […]
Blackstone Minerals locks-in strategic stake in ASX debutant NiCo Resources
Aspiring nickel miner and refiner Blackstone Minerals (ASX: BSX) has locked-in a strategic stake in fellow nickel play and ASX debutant NiCo Resources (ASX: NC1), which is a spin-out of Metals X (ASX: MLX). NiCo was admitted to the ASX official list on Monday after raising $12 million in its initial public offering (IPO) via […]
Tin heading for decade of deficits as technology demand outpaces mine development
Tin, the often-overlooked member of the base metals complex, is back on analysts’ agenda. London-based Capital Economics has just issued a client note entitled A minor star called tin. Reuters has just dubbed it “the most resilient base metal so far this year”, having bounced from US$12,700 per tonne in March when the markets were […]
Metals X posts increase in copper and tin production
Australia’s largest tin producer Metals X (ASX: MLX) has given investors some preliminary insight into what its December quarterly report will look like, with the company announcing production increases at its two producing assets. Nifty, which the company acquired in 2016, is an operating underground copper sulphide mine located in the east Pilbara region of […]
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