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4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Metals X Limited    MLX   AU000000MLX7

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Metals X Limited : Renison Production Update

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03/05/2013 | 07:42am CET


PRESS RELEASE

RENISON PRODUCTION UPDATE PERTH, 5 MARCH 2013

This release is made in response to an announcement made by a participant in the Bluestone Mines Tasmania JV on the Hong Kong Securities Exchange this morning where preliminary tin production estimates for the month of February
2013 for the JV was stated to amount to 609 tonnes and Quarterly production to the end of February amounted to 1030 tonnes of tin metal in concentrate.
Metals X wishes to advise that for the month of February 2013 the Rension Mine produced 602 tonnes of tin metal in concentrate. Quarterly production to the end of February is 995 tonnes of tin metal in concentrate.
In its December quarterly, Metals X provided guidance that due to a one-off processing plant maintenance shut, electrical disruptions and the change-over of underground mining contractor, it expected its production to be 15% lower than the previous quarter. Metals X confirms that it remains on target for this outcome and expects quarterly production to be in the 1500-1600 tonnes of tin metal range.
Metals X will release more detail of the quarterly operating performance in its
March quarterly report.

ENQUIRIES

Peter Cook Warren Hallam
Executive Director & CEO Executive Director
e: peter.cook@metalsx.com.au e: warren.hallam@metalsx.com.au
End

Metals X Limited is a diversified group exploring and developing minerals

and metals in Australia. It is Australia's largest tin producer and holds a pipeline of assets from exploration

to development, including the world- class Wingellina Nickel Project and two development ready gold projects.

CORPORATE DIRECTORY

ASX Code: MLX

Level 3, 123 Adelaide Tce

East Perth WA 6004

Australia

GPO Box 2606

Perth WA 6001

Australia

ENQUIRIES

t: +61 8 9220 5700 f: +61 8 9220 5757

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

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Sales 2017 271 M
EBIT 2017 44,4 M
Net income 2017 45,2 M
Debt 2017 -
Yield 2017 0,94%
P/E ratio 2017 9,51
P/E ratio 2018 6,34
Capi. / Sales 2017 1,60x
Capi. / Sales 2018 1,27x
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Average target price 0,80  AUD
Spread / Average Target 12%
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NameTitle
Peter Gerard Cook Chief Executive Officer & Executive Director
Peter John Newton Non-Executive Chairman
Fiona Jayne Van Maanen Chief Financial Officer & Secretary
Warren Shaye Hallam Executive Director & Managing Director
Simon Heggen Independent Non-Executive Director
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