Announcement Date: 2022-09-26
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Metals X Ltd.
Project name: 2256
Location: Australia
Commodities: Copper,Tin
Highlight: Updated Reserve Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Metals X Limited (Metals X or the Company) is pleased to provide its update of the Ore Reserve estimate for the Renison Tin Operations (Renison) in Tasmania. Renison is 50%-owned by Metals X through the Bluestone Mines Tasmania Joint Venture (BMTJV). Mineral Resources are reported inclusive of Ore Reserves. Mining production data up to 31 March 2022 and all exploration information has been included. Mineral Resources have been depleted for mining to 31 March 2022. The tin price assumption used to estimate Mineral Resources and Ore Reserves was US$27,500/t Sn at an assumed exchange rate of USD/AUD 0.76 giving a price of AUD $36,000/t Sn. The Mineral Resources and Ore Reserves have been classified in accordance with the guidelines set out in the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves, published by the Joint Ore Reserves Committee (JORC), of the Australasian Institute of Mining and Metallurgy, the Australian Institute of Geoscientists and the Minerals Council of Australia, December 2012 (the JORC Code or JORC 2012).
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