Metro Mining Limited · ASX:MMI
Metro Mining — Shareholder Meeting (May 2023)
17 slides from Metro Mining's shareholder meeting presentation, May 30, 2023
Slide 1: AGM Presentation May 2023
For personal use only AGM Presentation May 2023
Slide 2: Competent Person's Statement and Important Information
COMPETENT PERSON’S STATEMENT Any information in this report that relates to the Bauxite Hills Mine Mineral Resource is based on information compiled by Ed Radley who is a consultant to Metro Mining and a Member of the Australian Institute of For personal use only Mining and Metallurgy (MAusIMM). Mr
Slide 3: Bauxite - Essential to the Energy Transition
Bauxite - Essential to the Energy Transition Bauxite raw material for primary aluminium in transportation, EVs, renewables For personal use only Lightweight transportation 20% of EV battery High Grade Alumina Aluminium Bauxite Renewables manufacture 3 | ASX : MMI | May 2023I Source: AAI
Slide 4: Aluminium demand in structural growth phase
Aluminium demand in structural growth phase Demand expected to rise 40% by 2030 Estimated Global Aluminium Demand by End Use Sector An orderly net zero transition depends on aluminium For personal use only 4 | ASX : MMI | May 2023 I
Slide 5: Traded Bauxite market growing strongly, ~8% pa to 2030
Traded Bauxite market growing strongly, ~8% pa to 2030 Record demand plus Chinese domestic & Indonesia supply withdrawing China Monthly Bauxite Imports by Country (Mar’21 to Mar‘23) Forecast Bauxite Consumption China (2021-2032) For personal use only Imports now at ~140 Mt/a run rate (125 Mt recor
Slide 6: Aus Bauxite Pricing Recovering 22% since Jan '21
Aus Bauxite Pricing Recovering 22% since Jan ‘21 Expansion perfect timing against backdrop of declining Chinese/Indonesian production Metro Contract Off-take by Customer 8 Mine & Trans-ship Capacity For personal use only 7 6 Million Wet Metric Tonnes Xiangsen LOI 5 Chifeng Qihui Chifeng Qihui Xia… 4
Slide 7: Simple High-Quality, Low-Cost, Bauxite Operation
Simple High-Quality, Low-Cost, Bauxite Operation Metro second significant exporter of “Weipa” bauxite Clear vegetation & Return overburden & replace remove overburden topsoil - then revegetate 1963 COMALCO starts commercial production in Weipa For personal use only Overburden (~0.5m) 2008 First
Slide 8: Production Update: Good start to 2023, leveraging offseason work
Production Update: Good start to 2023, leveraging offseason work 1200 Screen Throughput (T/hr, operating time) Focused upgrades improving throughput, 1100 1000 2023 900 800 Three offseason priorities: screens, Barge Loading Facility (BLF) and Floating 700 600 Crane Barge (FCB) For personal use only
Slide 9: Mt/a Expansion: Final Investment Decision, including financing
7 Mt/a Expansion: Final Investment Decision, including financing 2nd FCB OFT - Low capex, low risk, brownfield expansion, payback under 2 years Capital Cost (A$m) (2022 DFS) Ikamba Transhipper Board approved expansion of Bauxite Hills mine from 4 to 7 Mt/a capacity Direct Cost 19.0 20.5 • 6 M WMT
Slide 10: Expansion: Lower opex/resilient screening approach selected
Expansion: Lower opex/resilient screening approach selected New apron/wobbler feeder of 1500 T/hr installed by April 2024 One of MMI’s current vibrating screen lines will be replaced with an apron feeder and one 22-bar full combination pitch wobbler feeder line For personal use only Expected cap
Slide 11: Expansion: Offshore floating terminal (OFT) - Ikamba
Expansion: Offshore floating terminal (OFT)- “Ikamba” Existing large, high-capacity asset. Bauxite & weather resilience credentials Strategy pivot due to deterioration in FCB build budget / timeline. Opportunity For personal use only identified to secure larger, existing OFT asset, coming off-cont
Slide 12: 50/50 JV with ALM Shipping (Louis Dreyfus Ports & Logistics)
50/50 JV with ALM Shipping (Louis Dreyfus Ports & Logistics) MMI 50% owner which will mobilize, dry dock and import the OFT to Australia LD Ports & Logistics, a Louis Dreyfus Armateurs’ (LDA) subsidiary for all global Logistics and Port Operations For personal use only Specializing in design and
Slide 13: Lowest Global Delivered Cash Cost Positioning
Lowest Global Delivered Cash Cost Positioning Become worlds lowest cost global quality bauxite supplier into China Independent consultant, CM Group, places Metro, at 6 Mt/a scale, as No 1 on the 2026 delivered China seaborne cost curve For personal use only 1st Quartile 2nd Quartile 3rd Quartile 4th
Slide 14: Well Credentialed Board & Management
Well Credentialed Board & Management Significant top-tier mining value chain experience delivering expansion & future shareholder value Highly Experienced Resources Board Capable Management Team For personal use only Douglas Ritchie Simon Wensley Non-Executive Chairman CEO & Managing Director Ex: Ri
Slide 15: Exciting time to invest in Metro
Exciting time to invest in Metro Existing operations de-risked, market strong, expansion locked in We have the Resource and Operating Mine We have the People For personal use only High-grade 15+ year reserve from the renowned Dedicated local workforce including 30% Weipa bauxite province. Mine o
Slide 16: Metro Mining (MMI) - The only pure play ASX bauxite operator
Metro Mining (MMI)- The only pure play ASX bauxite operator Market Cap Share Price For personal use only A$ 87.3 Million A$ 0.0195 • As at 29/05/23 • As at 29/05/23 • Shares on issue 4,364 Million • 52 week high $0.026, low 0.007 NPV of expansion NVP per share A$ 405 Million A$ 0.07 • May ‘23 Expans
Slide 17: 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