Metals X Limited — Proxy Solicitation & Information Statement 2020

Oct 8, 2020

9 October 2020

Dear Shareholder

Annual General Meeting – Notice and Proxy Form

On behalf of the Board, I invite you to attend the Annual General Meeting ( Meeting ) of Metals X Limited (ASX:MLX) ( Company ). The Meeting will be held at 10:30am (Perth time), on Thursday, 12 November 2020 at the Liberty Conference Centre, Ground Floor, 197 St Georges Terrace, Perth, Western Australia 6000.

In accordance with section 5(1)(f) of the Corporations (Coronavirus Economic Response) Determination (No. 1) 2020, the notice of meeting and accompanying explanatory statement (the Meeting Materials ) will not be physically dispatched but instead is being made available to shareholders electronically. You - are able to view and download the Meeting Materials at: https://www.metalsx.com.au/asx announcements/

The Meeting will consider the Company’s most recent financial statements and remuneration report. Messer’s Peter Gunzburg, Brett Smith, Grahame White and Patrick O’Connor will be seeking election to the Board. The Directors recommend that you vote in favour of these resolutions.

In addition, Xingwang (Simon) Bao will be seeking election to the board as the nominee director of Jinchuan Group Limited. For the reasons detailed in the Explanatory Memorandum, the Directors recommend that you vote against this resolution.

On behalf of the Board, I encourage you to consider all meeting materials carefully and participate in this decision by attending in person or lodging the proxy form attached to the notice of Meeting.

The Directors recommend that you vote FOR Resolutions 1, 2, 3, 4, and 5 and vote AGAINST Resolutions 6 and 7.

As you have not elected to receive notices by email, a copy of your personalised proxy form is enclosed for your convenience. Shareholders are encouraged to vote online at www.investorvote.com.au or by returning the attached proxy form by:

Post to: Computershare Investor Services Pty Limited GPO Box 242 Melbourne Vic 3001

Or

Fax to: 1800 783 447 within Australia or +61 3 9473 2555 outside Australia

Your proxy voting instruction must be received by 10:30am (AWST) on Tuesday, 10 November 2020, being not less than 48 hours before the commencement of the Meeting. Any proxy voting instructions received after that time will not be valid for the Meeting.

The Company will hold a physical meeting with the appropriate social distancing measures in place to comply with the Federal and State Governments’ current restrictions for physical gatherings. If COVID19 circumstances were to change and impact arrangements for the meeting, the Company will update Shareholders by way of an announcement on the ASX and the details will also be made available on the Company’s website.

If you have any difficulties obtaining a copy of the Meeting Materials, please contact the Company’s share registry, Computershare Investor Services Pty Ltd on, 1300 850 505 (within Australia) or +61 3 9415 4000 (overseas).

Yours sincerely, Fiona Van Maanen Company Secretary

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----- Start of picture text ----- Level 5, 197 St Georges TerracePerth WA 6000 AustraliaABN 25 110 150 055----- End of picture text -----

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----- Start of picture text ----- PO Box 7248Cloisters Square POWA 6850----- End of picture text -----

www.metalsx.com.au