Dec 24 (Reuters) - Metals X Ltd MLX.AX :
* UPDATE ON MT GORDON COPPER PAYMENT-MLX.AX
* ENTERED INTO BINDING TERMS SHEET WITH CAPRICORN COPPER HOLDINGS PTY LTD AND ITS PARENT ENTITY, EMR CAPITAL INVESTMENT (NO.6B) PTE LTD
* TERMS SHEET DETAILING MATERIAL TERMS AND TIMING FOR PAYMENT OF A$10 MILLION COPPER PRICE PAYMENT PURSUANT TO MT GORDON SALE AGREEMENT