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The latest update is out from Metals X Limited ( (AU:MLX) ).
Metals X Limited has announced that the Bluestone Mines Tasmania Joint Venture has awarded the Front End Engineering and Design (FEED) contract for the proposed Rentails concentrator at the Renison tin operation in Tasmania to GR Engineering Services Limited. The scope covers FEED for a new tailings reprocessing facility with a capacity of 2.4 million tonnes per annum and a lump-sum construction offer, with FEED completion targeted for the third quarter of 2026 and a final investment decision expected later that year. The step advances the Rentails Tailings Retreatment Project, which, alongside strong mine reserves at Renison, is positioned to expand tin production and underpin Renison’s status as a significant global tin producer, signalling potential long-term benefits for Metals X and its joint venture stakeholders.
The most recent analyst rating on (AU:MLX) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Metals X Limited stock, see the AU:MLX Stock Forecast page.
More about Metals X Limited
Metals X Limited is an ASX-listed resources company with a 50% equity interest in the Renison tin operation in Tasmania through the Bluestone Mines Tasmania Joint Venture. Renison is a significant global tin producer, and Metals X’s activities are focused on sustaining and expanding tin production via both conventional mining and tailings retreatment initiatives.
Average Trading Volume: 2,663,746
Technical Sentiment Signal: Buy
Current Market Cap: A$1.09B
Learn more about MLX stock on TipRanks’ Stock Analysis page.