Metals X Delivers Strong Tin Cash Generation While Advancing Renison Growth Projects
Metals X Limited (ASX: MLX) has reported another strong quarter from its 50%-owned Renison Tin Operations, with imputed revenue increasing to AU$207.40 million and imputed EBITDA rising to AU$125.91 million, supported by stronger tin prices despite lower production. The operation produced 2,809 tonnes of tin-in-concentrate during the quarter, while closing cash and cash equivalents increased to AU$374.00 million after funding tax payments and strategic investments. Metals X also announced a substantial increase in the Renison Mineral Resource to 21.8 million tonnes at 1.38% tin for 300.3 thousand tonnes of contained tin, with Measured and Indicated contained tin increasing by 7%. Operationally, the Company continued advancing key infrastructure, underground development and the Rentails Project, while progressing front-end engineering activities ahead of a final investment decision. The updated Life-of-Mine Plan and Ore Reserve are expected during the third quarter of calendar year 2026, supporting the long-term development strategy for Renison.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Metals X Delivers Strong Tin Cash Generation While Advancing Renison Growth Projects
Metals X Limited (ASX: MLX) has reported another strong quarter from its 50%-owned Renison Tin Operations, with imputed revenue increasing to AU$207.40 million and imputed EBITDA rising to AU$125.91 million, supported by stronger tin prices despite lower production. The operation produced 2,809 tonnes of tin-in-concentrate during the quarter, while closing cash and cash equivalents increased to AU$374.00 million after funding tax payments and strategic investments. Metals X also announced a substantial increase in the Renison Mineral Resource to 21.8 million tonnes at 1.38% tin for 300.3 thousand tonnes of contained tin, with Measured and Indicated contained tin increasing by 7%. Operationally, the Company continued advancing key infrastructure, underground development and the Rentails Project, while progressing front-end engineering activities ahead of a final investment decision. The updated Life-of-Mine Plan and Ore Reserve are expected during the third quarter of calendar year 2026, supporting the long-term development strategy for Renison.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au