Metals X Limited — Major Shareholding Notification 2016

Jul 18, 2016

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme METALS X LTD ACN/ARSN 110 150 055

1. Details of substantial holder(1)

Name	BlackRock	Group (BlackRock Inc. and subsidiaries named in Annexures	Group (BlackRock Inc. and subsidiaries named in Annexures	Group (BlackRock Inc. and subsidiaries named in Annexures
ACN/ARSN (if applicable)	to this	form)
There was a change in the interests of the
substantial holder on		15	/ / 07	2016
The previous notice was given to the company on		04	/ / 07	2016
The previous notice was dated		30	/ / 06	2016

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
ord	50,716,858	10.58	56,919,685	11.86

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
	See Annexure A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
	See Annexure B

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

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Name and ACN/ARSN (if applicable) Nature of association
Name Address
Annexure C
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6. Addresses

The addresses of persons named in this form are as follows:

Signature

print name Kayla McGrory capacity *Authorised Signatory sign here date 19 / 07 / 2016

• At a meeting of the Board on 22 November 2013, the Directors resolved to approve the delegation of the preparation and lodgement of substantial shareholder notices on behalf of BlackRock Investment Management (Australia) Limited.

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

• See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom`e entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure A

This is Annexure A of 2 pages referred to in form 604 Notice of change of interests of substantial shareholder

Kayla McGrory, Authorised Signatory

19-Jul-16 Date

5. Consideration

		METALS X LTD (MLX)	METALS X LTD (MLX)
Date of Change	Person whose relevant interest changed		Nature of change Consideration given in change (7)	(6) / relation to	Class and number of securities affected		Person's votes affected
01-Jul-16	BlackRock Japan Co.,Ltd.		on mkt buy	1.44	ord	13,173	13,173
01-Jul-16	BlackRock Investment Management	(UK)	on mkt buy	1.44	ord	221,987	221,987
	Limited
04-Jul-16	BlackRock Japan Co.,Ltd.		on mkt buy	1.53	ord	9,798	9,798
04-Jul-16	BlackRock Investment Management	(UK)	on mkt buy	1.53	ord	165,107	165,107
	Limited
05-Jul-16	BlackRock Japan Co.,Ltd.		on mkt buy	1.50	ord	11,203	11,203
05-Jul-16	BlackRock Japan Co.,Ltd.		on mkt buy	1.53	ord	17,731	17,731
05-Jul-16	BlackRock Investment Management	(UK)	on mkt buy	1.50	ord	188,797	188,797
	Limited
05-Jul-16	BlackRock Investment Management	(UK)	on mkt buy	1.53	ord	298,801	298,801
	Limited
05-Jul-16	BlackRock Fund Advisors		in specie	n/a	ord	3,390	3,390
06-Jul-16	BlackRock Japan Co.,Ltd.		on mkt buy	1.54	ord	5,322	5,322
06-Jul-16	BlackRock Japan Co.,Ltd.		on mkt buy	1.55	ord	5,763	5,763
06-Jul-16	BlackRock Investment Management	(UK)	on mkt buy	1.54	ord	89,680	89,680
	Limited
06-Jul-16	BlackRock Investment Management	(UK)	on mkt buy	1.55	ord	97,112	97,112
	Limited
06-Jul-16	BlackRock Fund Advisors		in specie	n/a	ord	2,260	2,260
06-Jul-16	BlackRock Fund Advisors		in specie	n/a	ord	5,650	5,650
07-Jul-16	BlackRock Investment Management,	LLC	on mkt buy	1.57	ord	15,615	15,615
07-Jul-16	BlackRock Advisors,LLC		on mkt buy	1.57	ord	5,083	5,083
07-Jul-16	BlackRock Advisors,LLC		on mkt buy	1.57	ord	40,817	40,817
07-Jul-16	BlackRock Japan Co.,Ltd.		on mkt buy	1.57	ord	12,910	12,910
07-Jul-16	BlackRock Investment Management		on mkt buy	1.57	ord	6,707	6,707
	(Australia)Limited
07-Jul-16	BlackRock Investment Management	(UK)	on mkt buy	1.57	ord	217,558	217,558
	Limited
08-Jul-16	BlackRock Investment Management,	LLC	on mkt buy	1.58	ord	14,001	14,001
08-Jul-16	BlackRock Advisors,LLC		on mkt buy	1.58	ord	4,557	4,557
08-Jul-16	BlackRock Advisors,LLC		on mkt buy	1.58	ord	36,600	36,600
08-Jul-16	BlackRock Japan Co.,Ltd.		on mkt buy	1.58	ord	11,575	11,575
08-Jul-16	BlackRock Investment Management		on mkt buy	1.58	ord	6,014	6,014
	(Australia)Limited
08-Jul-16	BlackRock Investment Management	(UK)	on mkt buy	1.58	ord	195,072	195,072
	Limited
08-Jul-16	BlackRock Fund Advisors		in specie	n/a	ord	11,300	11,300
11-Jul-16	BlackRock Investment Management,	LLC	on mkt buy	1.62	ord	1,568	1,568
11-Jul-16	BlackRock Investment Management,	LLC	on mkt buy	1.64	ord	11,584	11,584
11-Jul-16	BlackRock Investment Management,	LLC	on mkt buy	1.61	ord	16,483	16,483
11-Jul-16	BlackRock Advisors,LLC		on mkt buy	1.62	ord	510	510
11-Jul-16	BlackRock Advisors,LLC		on mkt buy	1.64	ord	3,771	3,771
11-Jul-16	BlackRock Advisors,LLC		on mkt buy	1.61	ord	5,365	5,365
11-Jul-16	BlackRock Advisors,LLC		on mkt buy	1.62	ord	4,100	4,100
11-Jul-16	BlackRock Advisors,LLC		on mkt buy	1.64	ord	30,280	30,280
11-Jul-16	BlackRock Advisors,LLC		on mkt buy	1.61	ord	43,088	43,088
11-Jul-16	BlackRock Japan Co.,Ltd.		on mkt buy	1.62	ord	1,297	1,297
11-Jul-16	BlackRock Japan Co.,Ltd.		on mkt buy	1.64	ord	9,577	9,577
11-Jul-16	BlackRock Japan Co.,Ltd.		on mkt buy	1.61	ord	13,628	13,628
11-Jul-16	BlackRock Investment Management		on mkt buy	1.62	ord	674	674
	(Australia) Limited

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Date of Change	Person whose relevant interest changed	Nature of change Consideration given in change (7)	(6) / relation to	Class and number of securities affected	Class and number of securities affected	Person's votes affected
11-Jul-16	BlackRock Investment Management	on mkt buy	1.64	ord	4,976	4,976
	(Australia)Limited
11-Jul-16	BlackRock Investment Management	on mkt buy	1.61	ord	7,080	7,080
	(Australia)Limited
11-Jul-16	BlackRock Investment Management (UK)	on mkt buy	1.62	ord	21,851	21,851
	Limited
11-Jul-16	BlackRock Investment Management (UK)	on mkt buy	1.64	ord	161,395	161,395
	Limited
11-Jul-16	BlackRock Investment Management (UK)	on mkt buy	1.61	ord	229,655	229,655
	Limited
11-Jul-16	BlackRock Fund Advisors	in specie	n/a	ord	6,780	6,780
12-Jul-16	BlackRock Investment Management, LLC	on mkt buy	1.57	ord	10,153	10,153
12-Jul-16	BlackRock Advisors,LLC	on mkt buy	1.57	ord	3,305	3,305
12-Jul-16	BlackRock Advisors,LLC	on mkt buy	1.57	ord	26,540	26,540
12-Jul-16	BlackRock Japan Co.,Ltd.	on mkt buy	1.57	ord	8,394	8,394
12-Jul-16	BlackRock Investment Management	on mkt buy	1.57	ord	4,361	4,361
	(Australia)Limited
12-Jul-16	BlackRock Investment Management (UK)	on mkt buy	1.57	ord	141,456	141,456
	Limited
12-Jul-16	BlackRock Fund Advisors	in specie	n/a	ord	3,390	3,390
13-Jul-16	BlackRock Investment Management, LLC	on mkt buy	1.57	ord	2,864	2,864
13-Jul-16	BlackRock Investment Management, LLC	on mkt buy	1.57	ord	17,116	17,116
13-Jul-16	BlackRock Advisors,LLC	on mkt buy	1.57	ord	932	932
13-Jul-16	BlackRock Advisors,LLC	on mkt buy	1.57	ord	5,772	5,772
13-Jul-16	BlackRock Advisors,LLC	on mkt buy	1.57	ord	7,487	7,487
13-Jul-16	BlackRock Advisors,LLC	on mkt buy	1.57	ord	45,619	45,619
13-Jul-16	BlackRock Japan Co.,Ltd.	on mkt buy	1.57	ord	2,368	2,368
13-Jul-16	BlackRock Investment Management	on mkt buy	1.57	ord	1,230	1,230
	(Australia)Limited
13-Jul-16	BlackRock Investment Management	on mkt buy	1.56	ord	2,600	2,600
	(Australia)Limited
13-Jul-16	BlackRock Investment Management	on mkt buy	1.57	ord	7,820	7,820
	(Australia)Limited
13-Jul-16	BlackRock Investment Management (UK)	on mkt buy	1.57	ord	39,904	39,904
	Limited
13-Jul-16	BlackRock Fund Advisors	in specie	n/a	ord	44,070	44,070
14-Jul-16	BlackRock Investment Management, LLC	on mkt buy	1.62	ord	10,046	10,046
14-Jul-16	BlackRock Investment Management, LLC	on mkt buy	1.62	ord	60,039	60,039
14-Jul-16	BlackRock Advisors,LLC	on mkt buy	1.62	ord	3,270	3,270
14-Jul-16	BlackRock Advisors,LLC	on mkt buy	1.62	ord	20,248	20,248
14-Jul-16	BlackRock Advisors,LLC	on mkt buy	1.62	ord	26,264	26,264
14-Jul-16	BlackRock Advisors,LLC	on mkt buy	1.62	ord	160,020	160,020
14-Jul-16	BlackRock Japan Co.,Ltd.	on mkt buy	1.62	ord	8,306	8,306
14-Jul-16	BlackRock Investment Management	on mkt buy	1.62	ord	4,315	4,315
	(Australia)Limited
14-Jul-16	BlackRock Investment Management	on mkt buy	1.62	ord	27,432	27,432
	(Australia)Limited
14-Jul-16	BlackRock Investment Management (UK)	on mkt buy	1.62	ord	139,975	139,975
	Limited
14-Jul-16	BlackRock Fund Advisors	in specie	n/a	ord	9,040	9,040
15-Jul-16	BlackRock Investment Management, LLC	on mkt buy	1.48	ord	660,761	660,761
15-Jul-16	BlackRock Advisors,LLC	on mkt buy	1.48	ord	218,893	218,893
15-Jul-16	BlackRock Advisors,LLC	on mkt buy	1.48	ord	1,741,675	1,741,675
15-Jul-16	BlackRock Japan Co.,Ltd.	on mkt buy	1.58	ord	5,858	5,858
15-Jul-16	BlackRock Investment Management	on mkt buy	1.48	ord	297,590	297,590
	(Australia)Limited
15-Jul-16	BlackRock Investment Management (UK)	on mkt buy	1.58	ord	98,724	98,724
	Limited
15-Jul-16	BlackRock Fund Advisors	in specie	n/a	ord	33,900	33,900
15-Jul-16	BlackRock Investment Management	on mkt buy	1.59	ord	13,845	13,845
	(Australia) Limited

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This is Annexure B of 2 pages referred to in form 604 Notice of change of interests of substantial shareholder

Annexure B

19-Jul-16 Kayla McGrory, Date Authorised Signatory

4. Details of present registered holders

Holder of Relevant Interests	Registered Holder of Securities	Person entitled to be registered as holder (8)	Nature of Relevant Interest (6)	Class and number of Securities	Class and number of Securities	Person's votes	Nature of Association
BlackRock (Isle of Man)	BNP-BNP PARIBAS		Power to control the exercise of a right to vote attached to	ord	1,486,367	1,486,367	Subsidiary of
Limited	JERSEY		securities and/or the power to dispose of securities as				BlackRock, Inc.
			investment manager or trustee.
BlackRock (Netherlands)	SSB-SSB NEW YORK		Power to control the exercise of a right to vote attached to	ord	34,531	34,531	Subsidiary of
B.V.	INSTITUTIONAL		securities and/or the power to dispose of securities as				BlackRock, Inc.
			investment manager or trustee.
BlackRock (Singapore)	SSB-STATE STREET		Power to control the exercise of a right to vote attached to	ord	1,000,000	1,000,000	Subsidiary of
Limited	SINGAPORE		securities and/or the power to dispose of securities as				BlackRock, Inc.
			investment manager or trustee.
BlackRock Advisors (UK)	STATE STREET BANK,		Power to control the exercise of a right to vote attached to	ord	22,292	22,292	Subsidiary of
Limited	MUNICH, ZURICH		securities and/or the power to dispose of securities as				BlackRock, Inc.
	BRANCH		investment manager or trustee.
BlackRock Advisors, LLC	BBH-BROWN BROTHERS		Power to control the exercise of a right to vote attached to	ord	2,434,196	2,434,196	Subsidiary of
	HARRIMAN & CO - NEW		securities and/or the power to dispose of securities as				BlackRock, Inc.
	YORK		investment manager or trustee.
BlackRock Advisors, LLC	BNYM-THE BANK OF		Power to control the exercise of a right to vote attached to	ord	354,683	354,683	Subsidiary of
	NEW YORK		securities and/or the power to dispose of securities as				BlackRock, Inc.
			investment manager or trustee.
BlackRock Financial	BNYM-MELLON TRUST -		Power to control the exercise of a right to vote attached to	ord	7,689	7,689	Subsidiary of
Management, Inc.	NEW YORK		securities and/or the power to dispose of securities as				BlackRock, Inc.
			investment manager or trustee.
BlackRock Fund Advisors	SSB-STATE STREET		Power to control the exercise of a right to vote attached to	ord	62,630	62,630	Subsidiary of
	BANK, BOSTON		securities and/or the power to dispose of securities as				BlackRock, Inc.
			investment manager or trustee.
BlackRock Fund Advisors	SSB-STATE STREET		Power to control the exercise of a right to vote attached to	ord	1,919,744	1,919,744	Subsidiary of
	SACRAMENTO		securities and/or the power to dispose of securities as				BlackRock, Inc.
			investment manager or trustee.
BlackRock Institutional	BNYM-MELLON TRUST -		Power to control the exercise of a right to vote attached to	ord	17,057	17,057	Subsidiary of
Trust Company, National	NEW YORK		securities and/or the power to dispose of securities as				BlackRock, Inc.
Association			investment manager or trustee.
BlackRock Institutional	JPM-JP MORGAN CHASE		Power to control the exercise of a right to vote attached to	ord	37,958	37,958	Subsidiary of
Trust Company, National	- NEW YORK		securities and/or the power to dispose of securities as				BlackRock, Inc.
Association			investment manager or trustee.
BlackRock Institutional	SSB-SSB NEW YORK		Power to control the exercise of a right to vote attached to	ord	425,971	425,971	Subsidiary of
Trust Company, National	INSTITUTIONAL		securities and/or the power to dispose of securities as				BlackRock, Inc.
Association			investment manager or trustee.
BlackRock Institutional	SSB-STATE STREET		Power to control the exercise of a right to vote attached to	ord	1,032,346	1,032,346	Subsidiary of
Trust Company, National	SACRAMENTO		securities and/or the power to dispose of securities as				BlackRock, Inc.
Association			investment manager or trustee.
BlackRock International	BNYM-BANK OF NY		Power to control the exercise of a right to vote attached to	ord	3,748,997	3,748,997	Subsidiary of
Limited	BRUS		securities and/or the power to dispose of securities as				BlackRock, Inc.
			investment manager or trustee.
BlackRock Investment	BNYM-BONY EUROPE -		Power to control the exercise of a right to vote attached to	ord	8,580,523	8,580,523	Subsidiary of
Management (UK) Limited	LONDON		securities and/or the power to dispose of securities as				BlackRock, Inc.
			investment manager or trustee.
BlackRock Investment	BNYM-BONY		Power to control the exercise of a right to vote attached to	ord	29,178,391	29,178,391	Subsidiary of
Management (UK) Limited	LUXEMBOURG		securities and/or the power to dispose of securities as				BlackRock, Inc.
			investment manager or trustee.

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Holder of Relevant Interests	Registered Holder of Securities	Person entitled to be registered as holder (8)	Nature of Relevant Interest (6)	Class and number of Securities	Class and number of Securities	Person's votes	Nature of Association
BlackRock Investment	BOA-MERRILL LYNCH		Power to control the exercise of a right to vote attached to	ord	200,000	200,000	Subsidiary of
Management (UK) Limited	INTL PRIME BROKER -		securities and/or the power to dispose of securities as				BlackRock, Inc.
	NEW YORK		investment manager or trustee.
BlackRock Investment	CITI-CITIBANK, LONDON		Power to control the exercise of a right to vote attached to	ord	145,114	145,114	Subsidiary of
Management (UK) Limited			securities and/or the power to dispose of securities as				BlackRock, Inc.
			investment manager or trustee.
BlackRock Investment	HSBC-HSBC		Power to control the exercise of a right to vote attached to	ord	527,000	527,000	Subsidiary of
Management (UK) Limited	DUSSELDORF		securities and/or the power to dispose of securities as				BlackRock, Inc.
			investment manager or trustee.
BlackRock Investment	BNYM-BONY		Power to control the exercise of a right to vote attached to	ord	820,230	820,230	Subsidiary of
Management, LLC	LUXEMBOURG		securities and/or the power to dispose of securities as				BlackRock, Inc.
			investment manager or trustee.
BlackRock Japan Co., Ltd.	BBH-BROWN BROTHERS		Power to control the exercise of a right to vote attached to	ord	3,523,157	3,523,157	Subsidiary of
	HARRIMAN & CO - NEW		securities and/or the power to dispose of securities as				BlackRock, Inc.
	YORK		investment manager or trustee.
BlackRock Japan Co., Ltd.	JPM-JP MORGAN CHASE		Power to control the exercise of a right to vote attached to	ord	28,514	28,514	Subsidiary of
	- NEW YORK		securities and/or the power to dispose of securities as				BlackRock, Inc.
			investment manager or trustee.
BlackRock Investment	JPM-JPM CHASE -		Power to control the exercise of a right to vote attached to	ord	101,865	101,865	Subsidiary of
Management (Australia)	SYDNEY		securities and/or the power to dispose of securities held in				BlackRock, Inc.
Limited			its capacity as investment manager.
BlackRock Investment	JPM-JP MORGAN CHASE		Power to control the exercise of a right to vote attached to	ord	720,307	720,307	Subsidiary of
Management (Australia)	- NEW YORK		securities and/or the power to dispose of securities held in				BlackRock, Inc.
Limited			its capacityas responsible entity.
BlackRock Investment	JPM-JPM CHASE -		Power to control the exercise of a right to vote attached to	ord	510,123	510,123	Subsidiary of
Management (Australia)	SYDNEY		securities and/or the power to dispose of securities held in				BlackRock, Inc.
Limited			its capacityas responsible entity.

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Annexure C

This is Annexure C of 1 page referred to in form 604 Notice of change of interests of substantial shareholder

19-Jul-16

Kayla McGrory, Date Authorised Signatory

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
BlackRock Group
BlackRock Inc.	55 East 52nd Street
	New York NY 10055 USA
BlackRock (Isle of Man) Limited	Atlantic House
	3rdFloor, 4-8 Circular Road
	Douglas Isle of Man,IM1 1AG
BlackRock (Netherlands) B.V.	Rembrandt Tower, 17th floor
	Amstelplein
	Amsterdam Netherlands
BlackRock (Singapore) Limited	20 Anson Road #18-01
	079912 Singapore
BlackRock Advisors (UK) Limited	12 Throgmorton Avenue.
	London, EC2N 2DL,
	United Kingdom
BlackRock Advisors, LLC	1209 Orange Street,
	Wilmington, New Castle County,
	Delaware 19801,United States
BlackRock Financial Management, Inc.	1209 Orange Street,
	Wilmington, New Castle County,
	Delaware 19801,United States
BlackRock Fund Advisors	400 Howard Street
	San Francisco, CA, 94105
	United States
BlackRock Institutional Trust Company, National	1225 17th Street,
Association	Suite 300,
	Denver,CO 80202(Colorado,USA)
BlackRock International Limited	Exchange Place One,
	1 Semple Street,
	Edinburgh, EH3 8BL,
	United Kingdom(Scotland, United Kingdom)
BlackRock Investment Management (Australia) Limited	Level 26, 101 Collins Street
	Melbourne VIC 3000
	Australia(Victoria,Australia)
BlackRock Investment Management (UK) Limited	12 Throgmorton Avenue
	London EC2N 2DL
	United Kingdom
BlackRock Investment Management, LLC	1209 Orange Street,
	Wilmington, New Castle County,
	Delaware 19801,United States
BlackRock Japan Co., Ltd.	Marunouchi Trust Tower Main,
	1-8-3 Marunouchi,
	Chiyoda-ku,Tokyo 100-8217(Japan)

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