Company News Summary | 12 Mar 2019

Click the print icon in your browser to print this report. Currency is in AUD unless otherwise specified

Metals X Provides Update of Operations

08:29:00 | Associate analysts

Original annuncemenet:Update of Operations Underground Mine at Nifty

Metals X advised that a temporary loss of power to the underground mine at its Nifty Copper Operations (Nifty) has been resolved, however production for the March 2019 quarter will be impacted. The power outage, combined with other legacy issues relating to Nifty infrastructure and mine services that the Company continues to address, have had an impact on production in the current quarter. Production for the March 2019 quarter is expected to be in the range of 4,000t to 4,200t of copper in concentrate. The power outage was caused by the short-circuiting of underground power cables from the gas turbine to the underground workings.

This report appeared on www.morningstar.com.au 2019 Morningstar Australasia Pty Limited

© Copyright 2019 Morningstar Australasia Pty Ltd ABN: 95 090 665 544 ("Morningstar"), AFSL no 240892. (a subsidiary of Morningstar, Inc.). This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written content of Morningstar. Some of the material provided is published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO").

DISCLAIMER: To the extent that any of the content above constitutes advice, it is general advice that has been prepared without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain appropriate financial, legal and taxation advice before making any financial investment decision. If applicable, investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/About/ FSG or phone Morningstar on 1800 03 44 55 to request a copy. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for any use or distribution of any of this information

DISCLOSURE: Employees may have an interest in the securities discussed in this report.