Metals X (ASX: $MLX) Renison Tin Operations Exploration Update

Metals X Limited (ASX: $MLX) has provided an update on ongoing near mine exploration at the Renison Tin Operations (Renison) where it holds a 50% equity interest. The ongoing surface exploration drilling at the Ringrose Prospect, located 750m south of existing Renison mine development, continues to intersect additional significant tin mineralisation. The current Ringrose mineralised extents are approximately 300m along strike length and 250m down dip with mineralisation remaining open in all directions.

Executive Director's Commentary on Ringrose Exploration Update

These new results, particularly the widths, in proximity to the previously reported results build our confidence that the area will generate a resource and allow us to progress studies to include this as a new area for potential future development. The budget for additional drilling and metallurgical recovery testing has been approved by the JV with the intent to have sufficient data to define this area for inclusion in the 2025 update of our life of mine plan. Being within the existing mining lease and only 700 metres from existing underground workings is expected to allow the area to be developed with little or no additional surface infrastructure and at attractive extraction costs due to the shallow nature of the area.

Summary of Renison Tin Operations Exploration Update

Metals X Limited (ASX: $MLX) has reported ongoing surface exploration drilling at the Ringrose Prospect, yielding additional significant tin mineralisation. The mineralised extents are approximately 300m along strike length and 250m down dip, remaining open in all directions. The company's confidence in the area's potential resource generation has led to the approval of additional drilling and metallurgical recovery testing budget by the JV. This aims to gather sufficient data for inclusion in the 2025 update of the life of mine plan. The proximity to existing underground workings is expected to facilitate cost-effective development with minimal additional surface infrastructure. Ongoing infill and extensional drilling programs are expected to be completed by Q3 2024, with further drill targets anticipated in the second half of 2024.