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Metals X Limited (ASX:MLX)

ALERT: Price-sensitive ASX Announcement for MLX
Current share price for MLX : $1.845 0.39 (26.80%)+
Announcement
Release
27 Jul 2026 8:33AM
Price at Release
$1.455
Full Release
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Summary
Metals X Limited reported its quarterly activities for the period ending June 30, 2026. Tin production at the Renison Tin Operations amounted to 2,809 tonnes, with Metals X's share being 1,405 tonnes. The imputed revenue increased due to a rise in the tin price, reaching $207.40 million, with an EBITDA of $125.91 million. Despite higher revenues and EBITDA, the net cash flow slightly declined to $100.69 million due to increased capital expenditure. Closing cash was $374 million after investments in Stellar Resources Limited and Tanami Gold NL. The quarter also saw advancements in the Renison Mineral Resource update, with measurable increases in contained tin. Environmental and safety initiatives were ongoing, with a decrease in Lost Time Injury Frequency Rate (LTIFR) but an increase in Total Recordable Injury Frequency Rate (TRIFR). Metals X maintained strategic investments in First Tin Plc, Stellar Resources Limited, and Elementos Limited.
Key Points
  • Tin production at Renison was 2,809 tonnes; Metals X's share was 1,405 tonnes.
  • Imputed revenue rose to $207.40 million due to higher tin prices.
  • EBITDA for the quarter was $125.91 million.
  • Net cash flow decreased slightly to $100.69 million due to higher capital expenditure.
  • Closing cash and equivalents increased to $374 million.
  • Investments made in Stellar Resources Limited and Tanami Gold NL.
  • Renison Mineral Resource update reported increases in contained tin.
  • Safety performance showed reduced LTIFR but increased TRIFR.
  • Strategic investments maintained in First Tin Plc, Stellar Resources Limited, and Elementos Limited.
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.