Metro Mining Limited · ASX:MMI
Metro Mining — Shareholder Meeting (November 2015)
18 slides from Metro Mining's shareholder meeting presentation, Nov 24, 2015
Slide 1: CEO Presentation 2015 Annual General Meeting
For personal use only CEO Presentation 2015 Annual General Meeting Delivering Value ASX : MMI
Slide 2: 2015 The Year That Was
2015|The Year That Was For personal use only MMI Share Price (A$) 0.140 0.120 0.100 DSO Inferred 0.080 Resource doubles (47Mt) China $5.6M 0.060 Marketing Placement Merger PFS Expert ToR Completed Completed & Rights Issue Lodged Appointed 0.040 EIS Fourfold Decision Increase in Ore Reserve Off-take
Slide 3: Metro Mining – Our Portfolio
METRO MINING – OUR PORTFOLIO For personal use only Commodities in the Portfolio include Bauxite & Coal DSO Bauxite Resources in Cape York – 53.6 Million tonnes1 (Measured Indicated & Inferred) Thermal Coal Resources in Surat Basin – 4.5 Billion tonnes2 1. ASX Release 2 June 2015 | 2. Refer ASX Relea
Slide 4: Bauxite Hills Overview
Bauxite Hills Overview For personal use only Reserves of 48.2Mt* 50.2% total Al2O3 38.4% THA 6.4% RxSi Product quality comparable to Weipa Compact site – short haulage Dry season only operation Positive community engagement * ASX Release 2 June 2015 Page 4 | ASX : MMI | AGM 24 Novemb
Slide 5: PFS and DFS
PFS* and DFS** For personal use only PFS Financial Metrics** (Real) DFS Financial Metrics** (Real) on 2Mtpa on 1.95Mtpa NPV (15%) after tax A$197m NPV (15%) after tax A$235m IRR (100% Equity) 88% IRR (100% Equity) 148% Construction Capex A$27.4m Construction Capex A$33.9m Sustaining Capex (LOM) A$18
Slide 6: New Opportunities
New Opportunities For personal use only Definitive Feasibility Study for 2Mtpa mine It is anticipated that the Scoping Study will: completed & released to market 5 Nov 2015 Delineate the optimal annual mining rate DFS identified opportunities to increase production - development plan is now t
Slide 7: High Margin Development Opportunity
High Margin Development Opportunity For personal use only Simple Construction and operation Low CAPEX and OPEX DFS demonstrates robust economics with post-tax NPV 15% of A$235 M and 148% IRR* 25+ years** mine life following recent Reserve increase 1.95Mtpa** Direct Shipping Ore (DSO) opera
Slide 8: Environmental Impact Statement Process
Environmental Impact Statement Process For personal use only Activity | 2015 Date Activity | 2016 Date EIS Decision 21 Sept 2015 Final Terms of Reference 11 March 2016 Department of the Environment confirm the 10 Nov 2015 EIS Public Consultation 3 May – 13 June 2016 bilateral process Draft Terms of
Slide 9: Native Title Pathway
Native Title Pathway For personal use only Preferred Right to Negotiate process with Traditional Owners has worked well Good faith negotiations on both sides Process is in its final stages Facilitation of wider community and stakeholder engagement. Continued positive local community engage
Slide 10: Product Quality & Marketing
Product Quality & Marketing For personal use only Off-take Discussions and Marketing Strategy Progressing Well Marketability studies undertaken by industry consultants CM Group Bauxite Hills is product suitable for low temperature refining process used in over 80% of China’s current refining cap
Slide 11: Bauxite Hills Project Pathway
Bauxite Hills Project Pathway For personal use only 2015 2016 2017 Activity Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1.95Mtpa DFS Completed Native Title Agreements EIS Approvals 4-5Mtpa Scoping Study 4-5Mtpa DFS Financing Mining Lease Grant Mine Construction .... Mine Production* First Shipment *Production date i
Slide 12: Bauxite Commodity Overview
Bauxite Right Market – –Historical Commodity DemandOverview Increases For personal use only Right Commodity – Steadily increasing value Bauxite demand has outstripped supply High CIF Bauxite Price spike in 2009 due to Indonesian ban on raw shows the volatility of shipping costs. material export.
Slide 13: Bauxite Market - Recent History
Bauxite Market - Recent History For personal use only Over past decade there’s been change in the global 3rd party Since Indonesia ban on raw bauxite market due to Chinese alumina refineries processing imported material export, Chinese refineries bauxite developing new global bauxite sources in
Slide 14: China Bauxite Imports – Future Demand
China Bauxite Imports – Future Demand For personal use only China imported 22.7 Mt of bauxite in first half of 2015. Malaysia could export up to 15-20Mt in 2015 however Approx 75% of imports are low temp bauxite Malaysia bauxite resources are unknown. Indonesian bauxite ban still in place 120.
Slide 15: Future Opportunities
Future Opportunities For personal use only Bauxite Tenements in Cape York 1,300sq kilometres of exploration permits in a region well known for its high-quality, export grade bauxite. Continued Exploration programmes planned Opportunity to Increase production by replicating the Bauxite Hills model Pa
Slide 16: Company Summary
Company Summary For personal use only Bauxite Hills Favourable Location Good quality, Low temperature, saleable bauxite Excellent fundamentals Simple DSO Project Low Capital and operating costs Long mine life Increasing demand for bauxite in China Compelling economics Excellent r
Slide 17: Corporate & Contact Details
CORPORATE & CONTACT DETAILS For personal use only EXECUTIVE MANAGEMENT TEAM Mr Simon Finnis | Chief Executive Officer Mr Scott Waddell | CFO & Company Sec Mr Mike O’Brien | Project Director REGISTERED OFFICE AND HEAD OFFICE Level 8, 300 Adelaide St, Brisbane Q 4000 PO Box 10955, Adelaide St, Brisban
Slide 18: Disclaimer
DISCLAIMER Statements and material contained in this Presentation, particularly those regarding possible or assumed future performance, production levels or rates, commodity prices, For personal use only resources or potential growth of Metro Mining Limited, industry growth or other trend projection