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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Metals X Limited    MLX   AU000000MLX7

METALS X LIMITED

(MLX)
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Metals X : Acquisition of Georges Reward Project

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07/09/2015 | 11:11pm EDT
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.
End

ENQUIRIES

Peter Cook

Executive Director & CEO

e: peter.cook@metalsx.com.au

Warren Hallam

Executive Director

e: warren.hallam@metalsx.com.au

Rod Corps

Manager - Investor Relations e: rod.corps@metalsx.com.au

ASX Code: MLX

OTCQX Code: MLXEF

Level 3, 18-32 Parliament Place

West Perth WA 6005

Australia

reception@metalsx.com.au www.metalsx.com.au

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Financials
Sales 2021 96,3 M 69,4 M 69,4 M
Net income 2021 0,47 M 0,34 M 0,34 M
Net cash 2021 1,00 M 0,72 M 0,72 M
P/E ratio 2021 33,9x
Yield 2021 -
Capitalization 71,7 M 51,6 M 51,7 M
EV / Sales 2021 0,73x
EV / Sales 2022 0,71x
Nbr of Employees -
Free-Float 81,0%
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 0,17 AUD
Last Close Price 0,08 AUD
Spread / Highest target 141%
Spread / Average Target 111%
Spread / Lowest Target 64,6%
EPS Revisions
Managers
NameTitle
Michael Spreadborough Chief Executive & Operating Officer
Peter Lynton Gunzburg Non-Executive Chairman
Fiona Jayne Van Maanen Chief Financial Officer & Secretary
Patrick O'Connor Independent Non-Executive Director
Brett Robert Smith Executive Director
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