Profile: Metals X Limited (MLX.AX)

Metals X Limited is an Australia-based company. The Company is engaged in exploration and the mining, treatment and marketing of tin concentrate in Australia; exploration for nickel and phosphate in Australia; development of nickel and tin mine projects; the ownership of nickel mining royalty rights, and exploration for precious and base metals through shareholdings in Westgold Resources Limited and Aragon Resources Limited. It has three segments: nickel projects, which include nickel royalty income and nickel exploration projects; tin projects, which include tin concentrate income and other tin projects, and phosphate projects, which include phosphate exploration projects. Its subsidiaries include Agaton Phosphate Pty Ltd, Bluestone Australia Pty Ltd, Metals Exploration Limited and Aragon Resources Limited. In September 2008, Aragon acquired Territory Phosphate Pty Ltd and in April 2009, it had taken a 15% placement in Vital Metals Limited.