Metals X Ltd - Company Profile
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Business Description
Metals X Ltd (Metals X) is involved in the operation of tin products. The company also explores and develops other base metals. It operates through Renison Tin Operation. The company has a 50% equity interest in the Renison Tin Operation in Tasmania through its 50% stake in the Bluestone Mines Tasmania Joint Venture. Renison is the largest tin producer in Australia. The project is located 15 kilometers Northeast of Zeehan. Through Renison Tailings Retreatment Project re-process tailings at an estimated value of 22.5 million tonnes and an average of 0.44% of tin. It as probable ore reserve of 99,000 tonnes of tin. The company’s total mineral resources of 42.4 million tonnes, with 0.93% grade of Sn, containing 396.0 million metals of tin. The company’s ore reserves of proved and probable were 30,920 ore kt2 with a0.71% grade Sn, containing 219.2 million metals of tin.
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