COMPANY PROFILE Metals X Limited (“Metals X” or “the Company”) is a diversified resource group with a considerable portfolio  of growth projects. Metals X has a pipeline of assets at all stages of development, from exploration through to  production with exposure to tin, nickel, gold, copper, zinc, phosphate, bauxite, uranium and lead. Metals X is Australia’s largest tin producer with its 50% owned Renison Tin Project producing approximately 2.5% of  the global supply of tin.  Metals X owns 100% of the world class Wingellina Nickel Project which hosts a total global resource of over 180Mt  at 1% nickel including a mining reserve of 167 Million tonnes at 0.98% Ni, 0.08% Co and 47.3% Fe2O3. A project  development feasibility study completed in mid-2008 concluded a robust project for the construction of a nickel  and cobalt operation producing approximately 40,000tpa of nickel and 3,500tpa of cobalt for an initial mine life  of 40 years. Benchmark operating costs were globally competitive at US$3.34 per pound of nickel after cobalt  credits and the estimated capital cost was approximately $2.2 billion. Metals X continues to move the project towards development including recently signing a landmark native title  mining agreement with the traditional owners enabling the project to be advanced and developed. The company is  continuing to discuss its development options with potential participants and financiers and has recently signed  a heads of agreement with China’s largest nickel producer, Jinchuan who will acquire a 20% direct interest in the  project. Metals X makes strategic investments in projects that have been identified by its highly experienced mining  and technical personnel that exhibit strong qualities for capital appreciation, which are not possible to acquire  outright. Metals X actively provides technical and financial support to those companies and as a result of this  strategy holds a number of strategic investments including: Westgold Resources Limited (“Westgold”) (25.02% interest) who holds resources of over 3 million ounces of  gold within its Rover Project near Tennant Creek in the Northern Territory and Murchison goldfield in Western  Australia; Independence Group NL (“Independence”) (3.23% interest)which is a diversified producer with nickel, zinc,  copper and gold operations througout Australia;  Mongolian Resource Corporation Limited (“MRC”) (16.97% interest) an Australian listed Mongolian focused  resource company that is involved in the mining and exploration of gold, base metals, iron ore and coal; Aziana Limited (“Aziana”) (25% interest) an established gold and bauxite explorer with highly prospective  projects in Madagascar. As of the 30 June 2011 the Market value of Metals X investments was $72M and the company held cash and  working capital of $97.6M and has no debt. Metals X posted a full year after tax profit for the 2010/11 financial year was $62.3M 01  COMPANY PROFILE