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## CORPORATE GOVERNANCE STATEMENT 

The Board of Directors of Metals X Limited is responsible for the corporate governance of the Consolidated Entity. The Board guides and monitors the business and affairs of Metals X Limited on behalf of the shareholders by whom they are elected and to whom they are accountable. This statement reports on Metals X Limited’s key governance principles and practices. 

## 1. COMPLIANCE WITH BEST PRACTICE RECOMMENDATIONS 

The Company, as a listed entity, must comply with the Corporations Act 2001 and the Australian Securities Exchange (ASX) Listing Rules. The ASX Listing Rules require the Company to report on the extent to which it has followed the Corporate Governance Recommendations published by the ASX Corporate Governance Council (ASXCGC). Where a recommendation has not been followed, that fact is disclosed, together with the reasons for the departure. 

For further information on corporate governance policies adopted by the Company, refer to the corporate governance section of our website: www.metalsx.com.au 

The table below summaries the Company’s compliance with the Corporate Governance Council’s Recommendations: 

<img src='content_image/160179.jpg'>

