ATO Ruling - Westgold Demerger

Metals X Limited (Metals X) is pleased to advise that the Australian Taxation Office has issued Class Ruling 2017/1 (Class Ruling) with respect to the tax implications of the Metals X Demerger for Australian resident shareholders of Metals X.

The Class Ruling confirms that the receipt of Westgold Resources Limited (Westgold) shares pursuant to the Demerger is not taxable for Australian resident shareholders of Metals X.

A guide to the general tax implications of the demerger is set out in Section 9 of the Notice of General Meeting dated 17 October 2016.