Metals X Limited Completes Acquisition of Murchison Assets
27.06.2014 | ABN Newswire
Perth, Australia (ABN Newswire) - Further to previous announcements, the Board of Metals X Ltd. (ASX:MLX) (OTCMKTS:MTXXY) is pleased to announce that our wholly owned subsidiary Big Bell Gold Operations Pty Ltd has today completed the acquisition of the assets that made up the Meekatharra Gold Operations of Reed Resources Ltd. from the administrator of its subsidiary GMK Exploration Pty Ltd (GMKE).Metals X will now proceed with the integration of these assets with its own Central Murchison Gold Project with a view to re-establishing gold production in the future.
About Metals X Limited:
Metals X Ltd. is a diversified explorer and developer of minerals and metals. It owns a royalty portfolio generating revenue from sales of nickel at third party operations. The Company's activities span brownfield exploration and production from its development and mining projects.
Metals X performs greenfields exploration in its own right and through investment in other exploration companies. During the fiscal year ended June 30, 2008, its principal activities exploration for and the mining, treatment and marketing of tin concentrate in Australia; exploration for nickel in Australia; exploration for phosphate in Australia; development of nickel projects; development and construction of tin mine projects; the ownership of nickel mining royalty rights, and exploration for precious and base metals through significant shareholdings in Westgold Resources Ltd. (Westgold) and Aragon Resources Ltd. (Aragon). On July 30, 2007, the Company acquired a 12.8% interest in Aragon.
Contact:
Metals X Ltd.
Peter Cook, Executive Director & CEO
E-mail: peter.cook@metalsx.com.au
Warren Hallam, Executive Director
E-mail: warren.hallam@metalsx.com.au