Metro Mining Limited · ASX:MMI
Metro Mining — Shareholder Meeting (May 2025)
21 slides from Metro Mining's shareholder meeting presentation, May 23, 2025
Slide 1: Annual General Meeting 23 May 2025
For personal use only ASX : MMI Annual General Meeting 23 May 2025
Slide 2: Disclosures
Disclosures IMPORTANT INFORMATION The purpose of this presentation is to provide general information about Metro Mining Limited (Metro or the Company) and it subsidiaries and business. NO OFFER OF SECURITIES This presentation is for information purposes only and does not constitute or form any part
Slide 3: Acknowledgement of Country
For personal use only Acknowledgement of Country Metro Mining works on the land and waters of the Ankamuthi People at the Bauxite Hills Mine at Skardon River. Metro Mining acknowledges the Traditional Custodians of Country throughout Australia and we recognise their continuing connection to lands, w
Slide 4: Successful Expansion to 7M WMT Executed
Successful Expansion to 7M WMT Executed 2024 Highlights Expansion successfully commissioned & ramped up. Well timed as market continued to be strong. For personal use only Margins up to $17.8 /WMT by Q4 2024. $39 M junior debt repaid. Net debt of $51 M by year end. Comprehensive Maintenanc
Slide 5: Highly Capable Board - Stable Management Team
Highly Capable Board- Stable Management Team BOARD personal use only Douglas Ritchie Simon Wensley Hon Paul Lucas Andrew Lloyd Jo-Anne Scarini Independent NE Chair CEO & Managing Director Independent NED Independent NED Independent NED 40 years experience 35 years experience 30 years experienc
Slide 6: The Essential Energy Transition Mineral
The Essential Energy Transition Mineral Bauxite: the raw material to make primary aluminium EVs For personal use only Batteries Renewables Recyclable High Grade Bauxite Alumina Aluminium Packaging Electricity Transmission Source: AAI 6 | ASX : MMI | 2025
Slide 7: Long term industry drivers robust; tariffs create short term volatility
Long term industry drivers robust; tariffs create short term volatility ALUMINIUM Global Aluminium Demand 35 2020 2030 30 Long Run + 3 to 4 % pa demand growth still robust driven by energy transition 25 20 + China EVs cheaper to produce than ICEVs- domestic & export growth 15 For personal use only +
Slide 8: Bauxite prices resilient on record trade & Guinea license suspensions
Bauxite prices resilient on record trade & Guinea license suspensions Australian bauxite benchmark spot price now at US$67 /DMT CIF China Continuing record traded bauxite demand underpinning spot and contract prices. A further 50 to 55 MT of traded demand in APAC projected by 2032. Prices resilien
Slide 9: Expansion provides pathway to lowest global delivered cost supplier to China
MMI 7 Mt/a expansion provides pathway to lowest global delivered cost supplier to China within steepening cost curve China Seaborne Bauxite Supply and Costs 2022 and 20261 For personal use only 100 2022 2026 90 80 2026 2022 70 US$/DMT CIF Shandong US$ 65 /DMT 60 50 40 30 US$ 30 /DMT 20 10 0 0 50 100
Slide 10: Metro Mining: Low-cost, High-grade, Australian bauxite producer
Metro Mining: Low-cost, High-grade, Australian bauxite producer 1. Remove 2. Mine & Haul ore to 3. Screen bauxite 4. Load barges with 5. Tow barges to 6. Load OGVs using overburden port stockpile <100mm barge loader offshore anchorage transhippers For personal use only High quality Direct Shipping
Slide 11: Since 2021 MMI has executed a simple sound strategy
Since 2021 MMI has executed a simple sound strategy…. Market Increased Increase Fast-track Recapitalise New Team & Reposition & Control & De- Resilience of Expansion for & Fund the Turnaround For personal use only Increase Off- risk Logistics the Operation Economies of Business Operations take Quali
Slide 12: Capital allocation framework
Capital allocation framework Unlock value with capital discipline Secure Invest Grow Deliver For personal use only • De-leverage balance • Prioritise organic growth • Identify synergistic M&A • Deliver value to sheet - A$80m debt fully with rapid payback to that leverages core shareholders via repai
Slide 13: Secure and Invest
Secure and Invest Maximise value at Skardon River with organic growth 2026 Targeted Value Drivers 1. Lean, safe, productive lowest delivered cost producer For personal use only Opex < US$30 /DMT CIF China 2. Resilient assets/business model mitigate wet season 3. Optimal product and market positionin
Slide 14: Metro's Core Competencies
Metro’s Core Competencies Value Added Marketing Project Asset For personal use only Development Turnaround Trans- Logistics shipping & Supply Chain Addressing the challenges of remoteness Regional and Community Impact Management Team - Capable, Agile & Delivering 14 | ASX : MMI | 2025
Slide 15: Growth – Beyond Skardon River
Growth – Beyond Skardon River Create value with inorganic growth 1. Earn the right to grow • Execution and capital management at BHM For personal use only 2. Bauxite growth targets • Natural synergy with current business • Few projects in Australia • Jurisdiction risk jump to other opportunities 3.
Slide 16: 2025 Operational Focus Areas
2025 Operational Focus Areas Continue evolution of safety culture especially through the marine organization For personal use only Fully leverage expansion and wet season maintenance spend, especially at the BLF Leverage vast international experience of our new transshipment partner, ABL, to d
Slide 17: Use of AI to Improve Safety
For personal use only Use of AI to Improve Safety GUARDIAN system monitors truck systems / performance for issues and AI camera for truck driver distractions, fatigue and “Micro- sleeps” CAPTAIN’S EYE system uses AI camera to pick up hazards on off- shore vessels such as smoke, fire, human risk and
Slide 18: Use of AI and Technology to Improve Quality & Productivity
Use of AI and Technology to Improve Quality & Productivity GPS guidance for Equipment equipment mining telemetry used the Bauxite to to track accurately follow For personal use only productivity and the geological provide model feedback on maintenance events Real time Real time monitoring of scannin
Slide 19: ESG Framework Published
ESG Framework Published Sound ESG Practice Strengthen our Business: • Reinforce a positive workplace culture • Makes Metro a great place to work, attracting and retaining quality staff For personal use only • Increases operational integrity and productivity • Maximises value for our most local stake
Slide 20: High Indigenous Employment levels & Community Support
High Indigenous Employment levels & Community Support Taking action to boost local employment: • Family friendly roster and dedicated flights to FNQ communities For personal use only • 120% increase in training, development & apprentice roles • 486 FNQ employees (all site incl. contractors) • $23.3
Slide 21: For Further Information Contact
For personal use only For Further Information Contact: Investor Relations: Peter Taylor Peter@nwrcommunications.com.au Ph: +61 (0) 4120 3631 Company Secretary: Robin Bates info@metromining.com.au Ph: +61 (0) 7 3009 8000 Postal Address: GPO Box 10955, Brisbane QLD 4000 21 | ASX : MMI | 2025