Metals X Limited (ASX: MLX) - ETF Exposure

Current share price for MLX : $2.090 0.08 (3.69%)⁺

Metals X Limited (MLX) is an ASX-listed company and is held by a number of exchange traded funds (ETFs). It is involved in investment in a joint venture company operating a tin mine in Australia; and investments in companies undertaking exploration and development of gold and base metals projects in Australia.

MLX General Information ⁺

ASX Code	MLX
Website	N/A
Industry/Sector	Diversified Metals & Mining
Market Cap ($M)	1,852
MLX Share Price	$2.090
Day High	$2.160
Day Low	$2.090
Last Close	$2.170
MLX Share Price Movement	$0.08 ( 3.69% )

Prices as at 16:40, 25 Sep 2026

⁺Security prices are delayed by at least 20 minutes and are indicative only.

Already own an Australian ETF? You may already have meaningful exposure to MLX

As a significant Australian company by market capitalisation, MLX is held across 15 ETFs spanning strategies that include diversified metals & mining exposure . Its weighting in those funds means performance can have an outsized influence - when MLX moves, funds like MVS, ALFA, SMLL, ISO and SSO that hold it can move with it.

For more concentrated exposure, ETFs such as MVS (VanEck Small Companies Masters ETF) allocate about 2.7% to MLX , while the average exposure across all 15 ETFs that hold it is around 0.4% .

Top ETF holdings

VanEck Small Companies Masters ETF (MVS) ~ 2.7%
Vaneck Australian Long Short Complex ETF (ALFA) ~ 0.8%
BetaShares Australian Small Companies Select Fund (Managed Fund) (SMLL) ~ 0.7%
iShares S&P/ASX Small Ordinaries ETF Index Fund (ISO) ~ 0.5%
State Street SPDR S&P/ASX Small Ordinaries ETF (SSO) ~ 0.5%

Last updated: ETF data and holdings as at 26 September 2026

Own MLX directly or through an ETF?

How does holding Metals X Limited (MLX) shares directly compare to ETFs that include it?

	MLX Direct	MVS ASX	ALFA ASX	SMLL ASX	ISO ASX	SSO ASX
Holdings	1 company	91 holdings	105 holdings	59 holdings	218 holdings	218 holdings
MLX Weight	100%	2.7%	0.8%	0.7%	0.5%	0.5%
Diversification	Single Stock	Broad	Broad	Broad	Broad	Broad
Annual Cost	Brokerage only	0.49% p.a.	0.39% p.a.	0.39% p.a.	0.55% p.a.	0.5% p.a.
Approx. Yield	-	2.77%	0.88%	2.93%	4.36%	9.3%
Star Ratings	-

Yields and costs are approximate. ETF yields reflect the fund's dividend distributions, not MLX's direct yield. Annual cost uses each ETF's MER.

MLX Exposure on $10,000 investment

How a $10,000 investment in Metals X Limited (MLX) one week ago compares with ETFs that hold it.

Security	Investment type	Current price	7-day price movement	Dollar change	Value today
Metals X Limited (MLX)	Direct share	$2.090	-2.79%	-$279	$9,721
VanEck Small Companies Masters ETF (MVS)	Equity - Australia Small/Mid Cap	$21.640	-1.68%	-$168	$9,832
Vaneck Australian Long Short Complex ETF (ALFA)	Equity - Australia Strategy	$22.820	-0.57%	-$57	$9,943
BetaShares Australian Small Companies Select Fund (Managed Fund) (SMLL)	Equity - Australia Strategy	$4.470	-1.54%	-$154	$9,846
iShares S&P/ASX Small Ordinaries ETF Index Fund (ISO)	Equity - Australia Small/Mid Cap	$5.010	-1.18%	-$118	$9,882
State Street SPDR S&P/ASX Small Ordinaries ETF (SSO)	Equity - Australia Small/Mid Cap	$14.420	-1.37%	-$137	$9,863

Assumes $10,000 invested 7 days ago. Figures are based on price movement only and exclude distributions, fees and brokerage.

Metals X Limited (MLX) ETFs

15 ETFs hold Metals X Limited (MLX).

ETF	MLX Weight	MER	Yield
VanEck Small Companies Masters ETF (MVS)	2.7%	0.49%	2.77%
Vaneck Australian Long Short Complex ETF (ALFA)	0.8%	0.39%	0.88%
BetaShares Australian Small Companies Select Fund (Managed Fund) (SMLL)	0.7%	0.39%	2.93%
iShares S&P/ASX Small Ordinaries ETF Index Fund (ISO)	0.5%	0.55%	4.36%
State Street SPDR S&P/ASX Small Ordinaries ETF (SSO)	0.5%	0.5%	9.3%
ishares Edge MSCI Australia Multifactor ETF (AUMF)	0.4%	0.3%	2.85%
Vanguard MSCI Australian Small Companies Index ETF (VSO)	0.3%	0.3%	4.83%
Dimensional Australian Value Trust - Active ETF (DAVA)	0.2%	0.34%	6.6%
Dimensional Australian Core Equity (Managed Fund) (DACE)	0.2%	0.28%	3.05%
Vanguard Ethically Conscious Australian Shares ETF (VETH)	0.1%	0.16%	3.8%

View all 15 ETFs

Metals X Limited (MLX) Upcoming Dividends & Yields

Distribution Type	Dividend	Franking	Ex-dividend date	Payment date	Current Price⁺	Price 7D Avg	Dividend Yield
SpecialEvent	0.55¢	0%	7 Jan 2022	17 Jan 2022	-	-	-
HFResult	1¢	0%	6 Sep 2017	19 Sep 2017	-	-	-
HFResult	2.95¢	26%	31 Aug 2015	25 Sep 2015	-	-	-

See all dividends from Metals X Limited (MLX) or use our Upcoming Dividends tool to search for dividends across all ASX-listed securities.

Metals X Limited (MLX) price-sensitive announcements

MLX - Quarterly Activities Report

Metals X Limited reported its quarterly activities for the period ending June 30, 2026. Ti

Metals X Limited (MLX)
27 Jul 2026 | 8:33 AM

MLX - 2026 Renison Mineral Resource Update

The 2026 Renison Mineral Resource Update by Metals X Limited details the updated mineral r

Metals X Limited (MLX)
29 Jun 2026 | 8:35 AM

MLX - Quarterly Activities Report

Metals X Limited's quarterly activities report for the period ended 31 March 2026 highligh

Metals X Limited (MLX)
30 Apr 2026 | 9:00 AM

MLX - S&P DJI Announces March 2026 Quarterly Rebalance

S&P Dow Jones Indices has announced the changes in the S&P/ASX Indices following the March

Metals X Limited (MLX)
6 Mar 2026 | 5:05 PM

Metals X Limited (MLX) Recent ASX Announcements

Company	Sector	Market Cap ($m)	Headline	Release date/time⁺	Price at release⁺	Current price⁺	Gain/Loss
Metals X Limited (MLX) ORDINARY FULLY PAID	Materials	$1,853	Appendix 4D and Half Yearly Report and Accounts	28 Aug 2026 8:28AM	$1.925	$2.090	risen by 8.57%
Metals X Limited (MLX) ORDINARY FULLY PAID	Materials	$1,853	Quarterly Activities Report	27 Jul 2026 8:33AM	$1.455	$2.090	risen by 43.64%
Metals X Limited (MLX) ORDINARY FULLY PAID	Materials	$1,853	2026 Renison Mineral Resource Update	29 Jun 2026 8:35AM	$1.315	$2.090	risen by 58.94%
Metals X Limited (MLX) ORDINARY FULLY PAID	Materials	$1,853	Becoming a substantial holder	4 Jun 2026 8:21AM	$1.630	$2.090	risen by 28.22%
Metals X Limited (MLX) ORDINARY FULLY PAID	Materials	$1,853	Results of Annual General Meeting	19 May 2026 2:47PM	$1.570	$2.090	risen by 33.12%
Metals X Limited (MLX) ORDINARY FULLY PAID	Materials	$1,853	2026 AGM Presentation	19 May 2026 9:58AM	$1.540	$2.090	risen by 35.71%

MLX Financial Summary

Year to Dec	NPAT	EPS	EPS chg (%)	PER	DPS	Yield (%)	Franking (%)
2027F	C2	$17.00	-15.00%	12.30	4.00	1.90%	0.0%
2026F	C2	$20.00	69.50%	10.50	4.00	1.90%	0.0%
2025A	$104.61	$11.80	4.10%	5.50	0.00	0.00%	0.0%

MLX Peer Comparison

Company	Mkt Cap	EPS Growth (%)			P/E (%)			Dividend Yield (%)
Company	Mkt Cap	2025 A	2026 F	2027 F	2025 A	2026 F	2027 F	2025 A	2026 F	2027 F
BHP Group Limited (BHP)	$310,237M	0.2093	-0.0411	-0.0799	16.1844	16.8773	18.3436	4.10%	3.40%	3.44%
Lynas Rare Earths Limited (LYC)	$14,484M	22.4000	1.6185	0.5923	64.7323	24.7208	15.5249	0.00%	0.46%	0.80%
Metals X Limited (MLX)	$1,923M	0.0406	0.6949	-0.1500	18.3898	10.8500	12.7647	0.00%	1.84%	1.84%
Rio Tinto Limited (RIO)	$61,893M	-0.1811	0.2121	-0.0023	16.7231	13.7968	13.8293	3.61%	3.99%	3.98%
South32 Limited (S32)	$22,208M	0.5182	0.0197	-0.0826	16.2936	15.9781	17.4173	2.74%	2.63%	2.45%

MLX Directors

Name	Position	Start Date
Mr Brett Robert Smith	Executive Director	2 Dec 2019
Mr Peter Lynton Gunzburg	Non-Executive Chairman, Non-Executive Director	10 Jul 2020
Mr Patrick O'Connor	Non-Executive Director	24 Oct 2019
Mr Grahame Oliver White	Non-Executive Director	10 Jul 2020

Metals X Limited (MLX) Changes in Directors' Interest & Trades

Date of change	Director	Buy/Sell	Security Type	Qty	Trade Price	Value
2 Mar 2026	O'CONNOR, Patrick	Sell	Indirect Shares	750,000	$1.509	$1,131,375.000
1 Jun 2022	SMITH, Brett	Buy	Direct Shares	40,000	$0.470	$18,800.000
3 Mar 2021	SMITH, Brett	Buy	Direct Shares	50,000	$0.205	$10,250.000

See all changes in directors' interest & trades for Metals X Limited (MLX) or use our Changes in directors' interest tool to search for changes & trades across all ASX-listed securities.

MLX Management

Name	Position
Daniel Broughton	Chief Financial Officer
Natalie Teo	Company Secretary

MLX Substantial Shareholders

Under ASX rules large investors and investment funds must disclose when they own more than a 5% stake in Metals X Limited (MLX). However, you won't necessarily see their names in the company’s annual report, as many trade under nominee names. These shareholders are obliged to provide ongoing substantial notices relating to any change of 1% or more.

Holding	Name
206,321,221 (23.28%)	APAC Resources Ltd
46,825,557 (5.28%)	Bank of America Corporation and its related bodies corporate

MLX Calendar of Events

Date	Event
27 August 2027	Report (Interim)
26 July 2027	Report (Quarterly)
29 April 2027	Report (Quarterly)
24 March 2027	Report (Annual)
26 February 2027	Report (Prelim)
27 January 2027	Report (Quarterly)
28 October 2026	Report (Quarterly)

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