Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An announcement from Metals X Limited ( (AU:MLX) ) is now available.
Metals X Limited has announced an update to the Ore Reserve estimate for its Renison Tin Operations, revealing a decrease in both total reserve ore tonnes and contained tin over the past year. Despite this, the mine’s life is projected to be over 10 years, with continued exploration efforts expected to further extend its longevity. The inclusion of the Ringrose orebody into the resource inventory and ongoing drilling programs highlight the company’s commitment to maintaining its position as a significant global tin producer.
The most recent analyst rating on (AU:MLX) stock is a Buy with a A$1.10 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 a company operating in the mining industry, primarily focusing on the production of tin. It holds a 50% stake in the Renison Tin Operations in Tasmania through the Bluestone Mines Tasmania Joint Venture.
YTD Price Performance: 103.61%
Average Trading Volume: 3,226,620
Technical Sentiment Signal: Buy
Current Market Cap: A$749M
Find detailed analytics on MLX stock on TipRanks’ Stock Analysis page.