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Metals X Ltd.

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Summary

Project:

Renison

Deposit:Renison
Location:Australia
Commodities:Copper-Tin
Date:6/17/2020
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:17-6-2020: Metals X Ltd. announces a Resource Estimation report for its Renison deposit at the Renison project. Updated Resources and Reserves for Project. Mineral Resources are reported inclusive of Ore Reserves. Mining production data up to 31 March 202
Resources:(Reserves, P+P): 8.61Mt @ 1.4% Sn, 0.18% Cu
CP/QP:[Resource] Colin Carter (Bluestone Mines Tasmania JV Pty Ltd.)
ABSTRACT:Mineral Resources are reported inclusive of Ore Reserves. Mining production data up to 31 March 2020 and all exploration information has been included. Mineral Resources have been depleted for mining to 31 March 2020. The tin price assumption used to estimate Mineral Resources and Ore Reserves was US$15,275 to $17,250/t Sn at an assumed exchange rate of USD/AUD 0.65 to 0.69 giving a price of AUD $23,500 to $25,000/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’). The full Mineral Resource and Ore Reserve estimates for the Renison Tin Operation are tabulated in Table 1 and Table 2 respectively

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