Metals X Limited — Earnings Release 2015

Aug 24, 2015

PRESS RELEASE 25 AUGUST 2015

FULL YEAR RESULTS FOR FINANCIAL YEAR ENDED 30 JUNE 2015

The Board of Metals X is pleased to release the full year results for 2015.

Key Financial Highlights

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Metals X Limited is a diversified group exploring and developing minerals and metals in Australia. It is Australia’s largest tin producer, a top 10 gold producer and holds a pipeline of assets from exploration to development including the world class Wingellina Nickel Project.

• Revenue of $315.2M, up 32%.

  • » Gold Division Revenue $232.8M, up 45%.

  • » Tin Division Revenue $79.6M, up 5%.

  • » Other Revenue $2.8M, up 49%.

CORPORATE DIRECTORY

ASX Code: MLX OTCQX Code: MTXEF

• EBITDA of $82.6M, up 15%.

• Net Profit of $40.9M, up 9%.

• Net Operating Cash Flow of $82.8M, up 13%.

• Annual Dividend declared of 2.95cps (26% franked) - record date of 2 September 2015.

• Return on Equity of 12%.

Level 3, 18-32 Parliament Place West Perth WA 6005 Australia

PO Box 1959 West Perth WA 6872 Australia

• Net cash at bank at 30 June 2015 of $99.0M.

• Cash and working capital at 30 June 2015 $94.9M.

• Net Debt at 30 June of $4.9M.

• Net Assets increased to $346.3M, up by 11%.

• Capital and exploration works funded of $73.7M, up 51% .

t: +61 8 9220 5700 f: +61 8 9220 5757

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

Commenting on the financial results Metals X, Executive Director and CEO, Peter Cook said:

“This is a good result in what has been a trying year for resource companies. We have grown, we have made good profits and we have shared that with our shareholders. More importantly we have established a platform for higher outputs and higher profits in future years whilst remaining debt free.”

End

ENQUIRIES

Peter Cook Warren Hallam Executive Director & CEO Executive Director e: peter.cook@metalsx.com.au e: warren.hallam@metalsx.com.au