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PRESS RELEASE
10 JULY 2015
ACQUISITION OF GEORGES REWARD PROJECT
The directors of Metals X Limited (Metals X) are pleased to advise that they have reached agreement with Northern Mining Limited (79%) and Balagundi Pty Ltd (21%) to acquire the outright interests in E25/268 and the beneficial rights of MLA 25/357 covering the Georges Reward Project at Bulong in Western Australia.
The consideration is a cash sum of $4.5 million.
The Georges Reward Project is contiguous with the Cannon Project of Southern Gold Limited with which Metals X has a contract management and profit sharing agreement from the mining of the Cannon deposit which is due to commence in the ensuing months.
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ASX Code: MLX
OTCQX Code: MLXEF
Level 3, 18-32 Parliament Place
West Perth WA 6005
Australia
[email protected] www.metalsx.com.au
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Metals X Ltd
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EXPLORATION STAGE |
CODE : MLX.AX |
ISIN : AU000000MLX7 |
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Metals X is a tin development stage company based in Australia. Its main exploration property is RENISON in Tasmania. Metals X is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 249.8 millions as of today (US$ 168.1 millions, € 151.5 millions). Its stock quote reached its highest recent level on November 28, 2014 at AU$ 2.76, and its lowest recent point on March 20, 2020 at AU$ 0.05. Metals X has 609 340 032 shares outstanding. |