Australia's Largest Tin Producer

Metals X is a globally significant tin producer through its 50% ownership of the Bluestone Mines Tasmania Joint Venture. The key assets of the Joint Venture are the world class Renison Tin Mine, a 700,000 tonne per annum tin concentrator plant and the Renison Expansion Project (Rentails).

Renison Tin Project

The Renison Project is located on the west coast of Tasmania and is a world class hard rock tin deposit with mining spanning three centuries. The current Resource is 245,000 tonnes of tin metal, 78% of which is JORC measured and indicated category. Renison is held as part of a 50/50 joint venture with the largest tin producer in the world, Yunnan Tin Group. The project is targeting annualised tin production of 7-8,000 tonnes at an operating cash cost of approximately A$12-13,000/t, comparing favourably with current tin prices.

The current mining reserve estimate is 45,700 tonnes of contained tin with a resource of 153,000 tonnes of contained tin. In 2012, Metals X increased the mining reserve estimate by 23% and the mineral resource estimate by 13%.

Renison remains the only major tin project in production in Australia and one of the few publicly held tin projects in the world.

Renison Tin Concentrator

Over the past few years the joint venture has invested considerable capital into exploration and increase of the resource base at Renison. Continued underground exploration activity has defined new zones of high-grade tin mineralisation beyond the boundaries of the current resource, and has also highlighted significant opportunities above existing development which were unrecognised by previous operators and now provides the opportunity for rapid conversion to reserve.

The mine is currently in the best shape it has been for many years. Replacement capital for the mine and processing infrastructure is estimated at over $300M.


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Renison Expansion Project (Rentails)

Rentails Proposed Infrastructure

The Renison Expansion Project is a development project to reprocess the large historic tailings deposits generated at Renison since 1968 using modern technology. The estimated size of the project is 19.25M tonnes at 0.45% tin and 0.21% copper. The Renison Expansion Project represents one of the largest single resources of tin available in Australia today. A DFS was completed in 2009 and Metals X is currently working with its joint venture partners to prepare the project for development.

Other Tin Projects

Mt Bischoff Open Pit

Mt Bischoff is located 80km from Renison and is a significant deposit in its own right producing in excess of 55,000 tonnes of tin metal since the late 1800’s. The total footprint of historical production significantly exceeds the current open pit operations and the project has significant upside potential for additional tin mineralisation. The company continues to explore for further open pit and possible underground targets to continue to supplement ore supply to the Renison concentrator.