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Metals X Limited (ASX:MLX)

ALERT: Price-sensitive ASX Announcement for MLX
Current share price for MLX : $1.845 0.53 (40.30%)+
Announcement
Release
29 Jun 2026 8:35AM
Price at Release
$1.315
Full Release
download
Summary
The 2026 Renison Mineral Resource Update by Metals X Limited details the updated mineral resources at the Renison Tin Operation, where Metals X holds a 50% ownership through the Bluestone Mines Tasmania Joint Venture. As of 31 March 2026, the total Mineral Resource at Renison stands at 21.8 million tonnes with a tin grade of 1.38%, translating to 300.3 kilotonnes of contained tin. The update reflects ongoing resource definition drilling and revised modelling assumptions. The document highlights successful replenishment of mined resources despite limited access to certain drilling areas, the inclusion of new resource areas in the Life of Mine Plan, and continuous commitment to underground resource definition and drilling. It also outlines that the Rentails Project Mineral Resources remain unchanged as of a prior update in 2024. The update complies with the JORC Code guidelines for resource reporting, with the Renison Life-of-Mine Plan and Ore Reserve update expected in Q3 2026.
Key Points
  • Renison Tin Operation is Australia's largest primary tin producer.
  • New Mineral Resource modelling completed using data up to 31 March 2026.
  • Increase in Mineral Resource ore and metal tonnes; decrease in tin grade.
  • Total Mineral Resource at Renison: 21.8 Mt at 1.38% tin, 300.3kt contained tin.
  • Measured and Indicated Mineral Resource tonnage increased; Inferred decreased.
  • Rentails Mineral Resource remains unchanged since 2024.
  • Continued commitment to underground resource definition and drilling.
  • Renison Life-of-Mine Plan and Ore Reserve update expected in Q3 2026.
  • Resource reporting complies with JORC Code guidelines.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.