Metals X : Gold Hedge Program

Metals X Limited (Metals X) is pleased to announce it has entered into a gold hedging program comprising 245,000 ounces of gold with scheduled deliveries out to September 2018. The flat forward price achieved is A$1,631.23 per ounce.
The implementation of a modest hedging program takes advantage of today's strong AUD gold price and secures a portion of cash flow. The hedged amount represents approximately 21% of the projected production guidance out to 2018.
Metals X's Executive Director & CEO, Peter Cook said:
"Metals X is very pleased by the pricing that was achieved upon execution of the hedging facility. Hedging a component of our future gold production provides various benefits, including cash flow certainty, and enables Metals X to continue to actively invest in further growth".

ASX Code: MLX

OTCQX Code: MLXEF

Level 3, 18-32 Parliament Place

West Perth WA 6005

Australia

reception@metalsx.com.au www.metalsx.com.au

distributed by