Metals X Limited
1.62
AUD
-0.07
(-4.42%)
Metals X Limited
ASX:MLX
(Australian Securities Exchange)
Recent
price
1.62
P/E
ratio
9.45
div
yld
- -
ROIC.AI
Capital Structure
AUD
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Metals X Limited is an Australian mining company primarily engaged in the production and exploration of tin. The company's core business involves tin mining, with principal operations centered on its 50% ownership interest in the Renison Tin Project located in Northwest Tasmania, Australia. Metals X is Australia's largest tin producer, with the Renison mine producing approximately 10,000 tonnes of tin concentrate annually, accounting for around 3.5% of global tin mine supply. The company’s products include tin concentrate, and it also holds a portfolio of base metal assets leveraged to global GDP growth and technological advancements in battery markets, particularly electric vehicle applications. Founded in 2000 and headquartered in South Perth, Western Australia, Metals X has expanded its footprint through strategic investments and acquisitions. In 2024, the company increased its ownership stake in First Tin PLC, a tin development company with projects in Australia and Germany, acquiring approximately 23% of its shares to foster collaboration on advanced, low capital expenditure tin projects. Additionally, Metals X pursued a significant partial acquisition offer of a 28% stake in Greentech Technology International Limited, a company listed in Hong Kong, reflecting its strategic growth and diversification efforts. Recent major operational changes include the relocation of Metals X's registered office and principal place of business to South Perth, Western Australia, enhancing its operational and stakeholder engagement capabilities. The company has also maintained an on-market share buy-back program and continues to invest in exploration and development at its key projects, including upgrading resources and expanding production profiles. Metals X’s focus extends beyond mining to strategic equity investments in related companies to advance its position in the metals sector. Metals X Limited targets industrial and technological markets requiring tin and base metals, operating primarily in Australia with interests extending internationally through its investments in First Tin and other entities. The company's operations are characterized by ongoing exploration, development, and production activities designed to support a long-life, profitable mining portfolio with a strong emphasis on sustainability and supply chain security. In summary, Metals X Limited presents a focused and strategically expanding profile as a leading Australian tin producer with a diversified metals portfolio, underpinned by recent investments in international development projects and operational enhancements including office relocation and shareholder value initiatives. The company continues to capitalize on technological growth markets and maintains a robust production outlook through its Renison Tin Project and related assets.
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