Metals X Limited (ASX:MLX) (OTCMKTS:MTXXY) provides the Annual Financial Report, showing the Consolidated Entity's net profit after income tax for the period was $37,451,737 (2013: $8,672,314), an increase of 332% as compared to the previous financial year.
The Board of Metals X (ASX:MLX) (OTCMKTS:MTXXY) is pleased to advise that it has reached agreement with Southern Gold on the terms of a mining and profit share agreement to enable Southern's Cannon Gold Resource to be mined and processed at its Jubilee Plant.
Metals X Limited (ASX:MLX) (OTCMKTS:MTXXY) provide the quarterly report for the period ending June 30, 2014. Significant outputs during the quarter were reported and the executive summary is below.
The Directors of Metals X Limited (ASX:MLX) (OTCMKTS:MTXXY) ("Metals X") have pleasure in announcing the results of our latest Mineral Resource and Ore Reserve statements as at 30th June 2014.
Maersk Oil, a wholly owned subsidiary of Copenhagen's AP Moller-Maersk AS, has decided to write off US$1.7 billion of investments in the Wahoo and Itaipu oil fields, while divesting its ownership in the Polvo field.
Further to previous announcements, the Board of Metals X Limited (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 Limited from the administrator of its subsidiary GMK Exploration Pty Ltd (GMKE).
Further to our previous announcement of 14 May 2014, the Board of Metals X Limited (ASX:MLX) (OTCMKTS:MTXXY) is pleased to advise that the creditors of GMK Exploration Pty Ltd have today agreed to the sale of its assets to Big Bell Gold Operations Pty Ltd, a wholly owned subsidiary of Metals X Limited. In addition, Metals X has received FIRB approval and is now proceeding toward settlement.
