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Metals X Limited ( (AU:MLX) ) just unveiled an announcement.
Metals X Limited has updated its Mineral Resources for the Renison Tin Operation, revealing an increase in ore and metal tonnes but a decrease in tin grade. The Renison Mineral Resource now totals 20.8 million tonnes at 1.40% tin, with a notable addition from the Ringrose area contributing 11.8Kt of tin. The company continues to focus on resource definition and grade control drilling to support its Life-of-Mine plan, with further updates expected in Q3 2025. This update signifies ongoing efforts to enhance resource modeling and potential growth, despite challenges in accessing certain drilling platforms.
The most recent analyst rating on (AU:MLX) stock is a Hold with a A$0.48 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 operates in the mining industry, focusing primarily on tin production. The company holds a 50% stake in the Renison Tin Operation in Tasmania through the Bluestone Mines Tasmania Joint Venture, making it a significant player in Australia’s tin production market.
Average Trading Volume: 3,242,087
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$554M
For an in-depth examination of MLX stock, go to TipRanks’ Overview page.