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METALS X LIMITED - ASX: MLX
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Metals X Limited is an emerging diversified resource group with a considerable portfolio of growth assets. Metals X has a pipeline of assets at all stages of development from exploration through to production with exposure to tin, nickel, gold, copper, zinc, phosphate, uranium, lead and tungsten.
Metals X is Australia’s largest tin producer producing approximately 2.5% of the global supply of tin from its Mt Bischoff and Renison mines and processing plant in Tasmania.
Metals X also owns 100% of the huge world class Wingellina Nickel project which hosts a global resource of over 180Mt at 1% Nickel which includes 167Mt as measured and indicated. The first phase feasibility study completed in mid 2008 showed a robust project for the construction of a nickel and cobalt operation to produce 40,000tpa of nickel and 3,500tpa of cobalt with an initial mine life of 40 years at an operating cost of less than US$3.50 per pound of Nickel after cobalt credits.
Metals X holds a number of strategic investments. Including Westgold Resources Limited (29.6% direct interest) with its Rover 1 gold discovery which is shaping up as one of Australia’s newest Gold – Copper provinces in the Northern Territory. Rover 1 is aikin to the nearby Tennant Creek goldfield which produced in excess of 5M ounces of gold and 0.5Mt of Copper.
Aragon Resources Limited (11.35% direct, 48.37% voting interest) holds several gold and uranium exploration assets in Western Australia and Phosphate projects in the Northern Territory. Aragon also holds a significant interest in Vital Metals Limited which owns the Watershed Tungsten project in Far North Queensland containing over 15.1Mt at 0.46% WO3.
Agaton Phosphate Pty Ltd (75% direct interest) holds over 800Kms of exploration titles in the Dandaragan trough in Western Australia which host a large deposit of low grade phosphate currently being evaluated.
Metals X has recently commenced the processes of recapitalising its balance sheet and has set its sights on achieving additional growth through the financing and development of its existing projects and through the acquisitions of additional assets and strategic investments.
Mine For
tin, nickel, gold, copper, zinc, phosphate, uranium, lead, tungsten
Location of operation(s)
Queensland, South Australia, Tasmania, Western Australia
Address
Level 3 , Hyatt Centre , 123 Adelaide Terrace
EAST PERTH, WA, AUSTRALIA
Phone
(61 8) 9220 5700
Website
Last Updated
18/03/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
