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METALS X LIMITED - Discussion

Metals X Limited is a tin producer and holds a portfolio of assets from exploration to... 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 gold and base metals projects in Australia. The Company owns a 50% equity interest in the Renison Tin Operation through its 50% stake in the Bluestone Mines Tasmania Joint Venture and comprises the Renison Tin Mine located 15 kilometers north-east of Zeehan on Tasmania’s west coast and the Mount Bischoff Project. The tailings dams have a Probable Ore Reserve containing approximately 99,000 tons of tin and 51,000 tons of copper. It also holds rights in 45 square kilometers of prospective tenure surrounding Renison. Its base metals portfolio is leveraged both to global GDP growth and to the burgeoning technological advancement in batteries, in particular their application in the electric vehicle market.More