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Metals X Limited (PK)

Metals X Limited (PK) (MLXEF)

0.25463
-0.02947
(-10.37%)
Closed September 19 4:00PM

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Key stats and details

Current Price
0.25463
Bid
0.28
Ask
0.30
Volume
35,100
0.25463 Day's Range 0.30
0.1062 52 Week Range 0.36
Market Cap
Previous Close
0.2841
Open
0.2651
Last Trade Time
Financial Volume
$ 9,718
VWAP
0.276873
Average Volume (3m)
39,556
Shares Outstanding
906,216,067
Dividend Yield
-
PE Ratio
27.33
Earnings Per Share (EPS)
0.02
Revenue
153.78M
Net Profit
14.59M

About Metals X Limited (PK)

Metals X Limited is a diversified resource group with a considerable portfolio of growth assets at all stages of development; from exploration through to production; with exposure to tin, nickel, gold, silver, copper, zinc, bauxite and lead. Metals X Limited is a diversified resource group with a considerable portfolio of growth assets at all stages of development; from exploration through to production; with exposure to tin, nickel, gold, silver, copper, zinc, bauxite and lead.

Sector
Metal Mining Services
Industry
Metal Mining Services
Headquarters
Perth, Western Australia, Aus
Founded
-
Metals X Limited (PK) is listed in the Metal Mining Services sector of the OTCMarkets with ticker MLXEF. The last closing price for Metals X (PK) was $0.28. Over the last year, Metals X (PK) shares have traded in a share price range of $ 0.1062 to $ 0.36.

Metals X (PK) currently has 906,216,067 shares outstanding. The market capitalization of Metals X (PK) is $257.46 million. Metals X (PK) has a price to earnings ratio (PE ratio) of 27.33.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.0434320.56344696970.21120.32550.17121001570.27692219CS
4-0.01037-3.913207547170.2650.32550.1712583570.26931995CS
12-0.02207-7.976147452110.27670.3260.1712395560.27426596CS
260.009633.93061224490.2450.360.17121007820.29198061CS
520.0666335.44148936170.1880.360.1062992860.24224774CS
1560.015636.539748953970.2390.5950.10621072550.2754194CS
2600.13723116.8909710390.11740.5950.031131510.23002696CS

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MLXEF Discussion

View Posts
cash4 cash4 9 years ago
31 JULY 2015
METALS X TO ACQUIRE GROSVENOR
GOLD PROJECT FROM RNI NL
ANOTHER LOW-COST NEAR-TERM GOLD PRODUCTION OPPORTUNITY FOR METALS X
The Board of Metals X Limited (MLX) is pleased to advise that it has signed a binding Heads of Agreement (HoA) to
acquire the Grosvenor Gold Project from RNI NL (RNI).
The Grosvenor and Peak Hill Gold Projects are located approximately 150 km north of Meekatharra in the Bryah Basin of
Western Australia and include:
• The gold prospects and resources of the Grosvenor, Horseshoe and Peak Hill Projects which host a resource base of
over 2 million ounces (refer to numerous public disclosures by RNI).
• The Grosvenor Gold process plant – a 1.0 Mtpa CIL plant with substantial infrastructure including a 100 person
village, air strip and borefield.
In conjunction with its copper exploration RNI had been advancing the project towards production, partially completing
refurbishment of the plant before funding and financing issues stifled its progress.
The consideration for the acquisition is as follows:
1. The allotment of 18 million new fully paid ordinary shares in MLX.
2. A $300,000 interest free loan to RNI for working capital during the sales process which is convertible into shares in
RNI at the price of its next capital raising.
Completion is conditional upon the finalisation of formal legal agreements, approval of RNI shareholders (if required)
and agreement from RNI’s financiers to extend debt repayment deadlines and other statutory and regulatory approvals.
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
PRESS RELEASE
Grosvenor 1Mtpa CIL Plant when operating.
METALS X TO ACQUIRE GROSVENOR GOLD PROJECT FROM RNI NL
PRESS RELEASE 2
Metals X’s CEO, Peter Cook said:
“This is a great acquisition for Metals X in a similar style to several the company has made in the past two years.
We have acquired a substantial gold resource base with all the plant and infrastructure in place for a exceptional
price. It presents as another low-cost and low-risk gold production opportunity with a lot of upside. It is a good fit to
the company’s portfolio and will benefit from some synergistic benefits from our Central Murchison Gold Project at
Meekatharra which is currently in the development phase.”
In addition to the acquisition of RNI’s gold projects, Metals X has agreed to vend its Chunderloo copper-gold project at
Meekatharra into RNI for a consideration of 25 million new fully paid RNI shares providing an additional advanced copper
project to RNI’s copper exploration strategy.
The binding HoA also grants Metals X a first right of refusal on any future sale of its existing copper or gold assets by RNI.
Ends.
ENQUIRIES
Peter Cook Warren Hallam Rod Corps
Executive Director & CEO Executive Director Manager – Investor Relations
e: peter.cook@metalsx.com.au e: warren.hallam@metalsx.com.au e: rod.corps@metalsx.com.au

http://www.metalsx.com.au/system/announcements/616/20150731_Acquisition_of_Grosvenor_Gold_Project.pdf
👍️0

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