Metals X Limited provided an update on the ongoing resource definition drilling program at Renison Tin Operations (Renison), in which it holds a 50% equity interest. Renison is managed by Bluestone Mines Tasmania Joint Venture Pty Ltd. (the Manager) on behalf of the joint venture owners. HIGHLIGHTS (100% Basis): Recent drilling programs at the Renison Mine have added an additional 14 significant tin intersections across the mine since the 15 July 2021 ASX release.

These new intersections form part of ongoing drilling programs targeting resource extensions to the north, south and at depth of current reported resources; South Basset/Lower Federal surface drilling program has delivered 2 more ore intersections from hole S1665D in both the Federal Fault and a deeper footwall fault associated with the Federal Fault. S1665D is a daughter hole off S1665 which also returned favorable results in early 2021; The most northerly significant tin intersection ever drilled at Renison, was intersected in hole U8505 in what is interpreted to be steeply dipping mineralisation related to footwall structures (within the hypothesized Regnans Trend). This hole was drilled from the Huon North 1450 hangingwall drill drive and returned 3.2m @1.91% tin approximately 300m to the north of current mining operations.

This intersection was one of several positive results in the northern target area, that also included 8.1m @ 0.86% tin in U8313 and 5.7m @ 1.93% tin in U8325; Deep intersections in the Leatherwood area below current mining levels continue to impress with results such as 6.1m @ 9.56% tin in U8462 and 4.5m @ 9.81% tin in U8466.