Metals X Limited (ASX:MLX) – Commissioning of new crushing and ore sorting facility

Recently, Metals X Limited (ASX:MLX) announced that the Tasmanian tin joint venture, Bluestone Mines Tasmania JV (BMTJV) (50 per cent Metals X) has commenced commissioning of its new crushing and ore sorting facility at its Renison Tin Mine (Renison). It is expected that ore sorting will increase the annual tin production at Renison by 15-20 per cent and it works on the strategy of ore sorter that is to increase underground ore production to approximately 920,000 tonnes per annum while maintaining the processing plant at approximately 720,000 tonnes per annum. Further, the ore sorter will reject an estimated 200,000 tonnes per annum of waste at the crushing stage and will upgrade the ore before the processing plant.

The new purpose-built three stage crushing, screening and ore sorting plant has been constructed at a capital cost of approximately $15 million and the payback for the project is estimated to be less than 10 months at current tin prices. As introducing the ore sorting, additional areas within the underground mine have been developed and a significant surface stockpile of ore has been accumulated with an increase in production rates. As the new tails dam (“D Dam”) is already in operation and with the commissioning of the ore sorter, the major capital expenditure program at Renison is complete. This operation is fully set for the long-term future, with increased production capacity and additional flexibility to allow the BMTJV to exploit the large resource base at Renison. The stock slipped marginally by 0.629 per cent and traded at $0.79 (as on 3 July 2018 02:45 PM AEST).


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s