• Renison tin production of 2,272 tonnes, down 16.59% from prior quarter
• Renison Mineral Resource now at 20.8Mt at 1.40% Sn for 292kt of contained tin
• Closing cash and cash equivalents increased by $48.63 million to $279.51 million

Metals X reported its Q3 CY2025 quarterly activities, with Renison tin production of 2,272 tonnes, down 16.59% from the prior quarter due to operational downtime, equipment failures, and processing challenges. Mill throughput was constrained by issues such as scaling, equipment breakdowns, and high recirculating mill loads, while recovery was impacted by increased calcium levels in the feed. However, the majority of these issues were resolved by quarter end. The Renison Mineral Resource was updated, now standing at 20.8Mt at 1.40% Sn for a total of 292kt of contained tin, with the Ringrose area contributing 888kt at 1.33% Sn. The company's closing cash and cash equivalents increased by $48.63 million to $279.51 million, including the return of $25.09 million of unutilised funds previously earmarked for financing the Partial Offer to purchase Greentech shares. Metals X continues to evaluate potential acquisitions and maintain a healthy cash balance to support its growth strategy and the progress of the Rentails project.