EXPLORATION & DEVELOPMENT

Metals X outlines Renison's next decade

Long-time tin mine keeps on keeping on

This article is 4 years old. Images might not display.

Earnings for the ASX-listed company are expected to be nearly $500 million (on an EBITDA basis), and the 10-year life-of-mine has a net present value for Metals X of $185 million.

Those metrics incorporate a two-year project capital investment of $50-55 million funded by operating cashflow for infrastructure needed to exploit Rension's Area 5 mineralisation.

Metals X's capitalisation this week was less than $80 million.

Production from Renison will average a shade under 10,000t per annum of tin-in-concentrate, with output in the initial year averaging 8500-9000tpa as the grade profile increases from 1.25-1.3% tin to 1.4-1.5% tin.

The life-of-mine plan at Renison comes as Metals X completes a strategic review of its shuttered Nifty operation in Western Australia.

Earlier this month it formed a new exploration joint venture with IGO for its Paterson Province ground around Nifty. 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.