Metals X Limited provides update on Renison Tin Operations

Metals X Limited (ASX: $MLX) has released an update on ongoing near mine exploration at the Renison Tin Operations (Renison) where it holds a 50% equity interest. The drilling at the Ringrose prospect at Renison continues to intersect significant mineralisation, with additional significant Sn assay results received. The Executive Director, Mr Brett Smith, commented on the new results and the budget for additional drilling and metallurgical recovery testing that has been approved by the JV.

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 Mineral Resource estimate and the 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 Ringrose exploration update

Metals X Limited has reported that the drilling at the Ringrose prospect at Renison continues to intersect significant mineralisation, with additional significant Sn assay results received. The company aims to include this area as a new area for potential future development and plans to have sufficient data to define this area for inclusion in the 2025 Mineral Resource estimate and the update of the life of mine plan. The high-grade tin mineralisation currently extends over approximately 300m strike length, 250m depth extent, and is open in all directions, with extensional drilling continuing. Metals X Limited is currently conducting a closer-spaced infill program at Ringrose and expects to commence a two-part, infill and extension drilling program in the near future.