Metals X Limited — Earnings Release 2019

Aug 29, 2019

30 AUGUST 2019

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Appendix 4E – Preliminary Final Report for the Year Ended 30 June 2019

This Appendix 4E should be read in conjunction with Metals X Limited’s 2019 Annual Report (which includes the Director’s Report and 2019 Financial Report).

RESULTS FOR ANNOUNCEMENT TO THE MARKET

Consolidated	30 June 2019	30 June 2018	Movement	Movement
	$	$	$	%
Revenue from ordinary activities:	204,722,012	209,901,427	(5,179,415)	(2%)
Loss from ordinary activities after taxattributable to members:	(116,968,634)	(26,297,186)	(90,671,448)	(345%)
Net (loss)/profit attributable tomembers:	(116,968,634)	(26,297,186)	(90,671,448)	(345%)

Consolidated	30-Jun-19	30-Jun-18
Net tangible assets per share:	$0.15	$0.28

DIVIDEND INFORMATION

The Directors do not propose to pay a dividend for the financial year ended 30 June 2019.

COMMENTARY ON RESULTS FOR THE PERIOD

An explanation of the results is included in the 2019 Annual Report.

Review of results	Results of Operations	Page 13
A statement of comprehensive income	Consolidated Statement of Comprehensive Income	Page 34
A statement of financial position	Consolidated Statement of Financial Position	Page 35
A statement of cash flows	Consolidated Statement of Cash Flows	Page 36
A statement of retained earnings	Consolidated Statement of Changes in Equity	Page 37
Earnings per share	Consolidated Statement of Comprehensive Income	Page 34
Joint arrangement entities	Review of Operations	Page 7

AUDIT

This report is based on financial statements which have been audited.

ASX Code: MLX

Level 5, 197 St Georges Terrace Perth WA 6000 Australia

T: +61 8 9220 5700 reception@metalsx.com.au www.metalsx.com.au