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.
Executive Director & CEO
Manager - Investor Relations e: email@example.com
ASX Code: MLX
OTCQX Code: MLXEF
Level 3, 18-32 Parliament Place
West Perth WA 6005