PRESS RELEASE
30 SEPTEMBER 2014 METALS X RAISES $40.445 MILLION VIA A GOLD PRE-PAY WITH CITIBANK
The Board of Metals X wishes to advise that it has completed a gold pre-pay arrangement with Citibank, N.A. (London Branch) ("Citi") over 30,000 oz of future gold production.
Under the arrangement Citi has advanced Metals X $40.445 million in cash and Metals
X has an obligation to deliver 1,250 oz of gold per month for 24 months.
Metals X had cash and working capital of $90.8 million (un-audited) as at 31 August
2014.
Funds will be applied to continued expansion of the Company's Gold Division.
ENQUIRIES
Peter CookExecutive Director & CEO
peter.cook@metalsx.com.au
Warren Hallam Executive Director warren.hallam@metalsx.com.au Rod CorpsManager - Investor Relations rod.corps@metalsx.com.au
Metals X Limited is a diversified group exploring and developing minerals
and metals in Australia. It is Australia's largest tin producer, a top 10 gold producer and holds a pipeline of assets from exploration to development including the world class Wingellina NIckel Project.
CORPORATE DIRECTORYASX Code: MLX
OTCQX Code: MTXXY
Level 3, 18-32 Parliament Place
West Perth WA 6005
Australia
PO Box 1959
West Perth WA 6872
Australia
t: +61 8 9220 5700 f: +61 8 9220 5757
reception@metalsx.com.au www.metalsx.com.au
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