Slide 1: De-Risked Independent Bauxite Supplier
For personal use only De-Risked Independent Bauxite Supplier Share Cafe April 2023
Slide 2: Important Information and Competent Person's Statement
For personal use only 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 Mining and Metallurgy (MAusIMM). Mr
Slide 3: Strong Credentialed Board & Management
Strong Credentialed Board & Management Significant top-tier mining value chain experience delivering expansion & future shareholder value For personal use only Highly Experienced Resources Board Capable Management Team Douglas Ritchie Simon Wensley Non-Executive Chairman CEO & Managing Director Fion
Slide 4: MMI – The Only Pure Play ASX Bauxite Producer
MMI – The Only Pure Play ASX Bauxite Producer Market Cap Share Price For personal use only A$ 69.8 Million A$ 0.016 • As at 13/04/23 • As at 13/04/23 Top Shareholders % • Shares on issue 4,364 Million • 52 week high $0.038, low 0.007 Greenstone Management LLC 19.1 Lambhill Pty Ltd /Willims 8.6 NPV o
Slide 5: 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 5 | ASX : MMI | Apr 2023I Source: AAI
Slide 6: Aluminium Demand in Structural Growth Phase
Aluminium Demand in Structural Growth Phase Demand expected to rise by 40% by 2030 driven by EVs, renewables & transmission For personal use only Estimated Global Aluminium Demand by End Use Sector An orderly net zero transition depends on aluminium 6 | ASX : MMI | Apr 2023 I
Slide 7: Traded Bauxite Market has Very Strong Future
Traded Bauxite Market has Very Strong Future Metro perfectly placed as Chinese domestic & Indonesia supply withdraws For personal use only Forecast Sources of Bauxite Consumption China (2021-2032) ✓ 70% forecast growth in China imports (10 yrs) ✓ 5% CAGR ✓ Growing demand from aluminium PLUS ✓ Import
Slide 8: Simple High-Quality Bauxite Operation
Simple High-Quality Bauxite Operation Metro second significant exporter of “Weipa” bauxite For personal use only Clear vegetation & Return overburden & replace remove overburden topsoil - then revegetate ✓ 1963 COMALCO starts commercial production in Weipa ✓ 2008 First long term Weipa bauxite contra
Slide 9: Expansion Transforms Metro from Good to Great
Expansion Transforms Metro from Good to Great Low capex, low risk, brownfield expansion delivering payback in less than 2 years For personal use only Key Statistics ✓ Board approved expansion of Bauxite Hills mine from 4 to 7 Mt/a capacity Capacity M WMT 7.0 • Procure a 2nd floating crane barge & up
Slide 10: Lowest Global Delivered Cash Cost Positioning
Lowest Global Delivered Cash Cost Positioning Become worlds lowest cost global quality bauxite supplier into China For personal use only Independent consultant, CM Group, places Metro, at 6 Mt/a scale, as No 1 on the 2026 delivered China seaborne cost curve 1st Quartile 2nd Quartile 3rd Quartile 4th
Slide 11: Exciting Time to Invest in Metro
Exciting Time to Invest in Metro Existing operations de-risked, market recovering, expansion underway For personal use only ✓ We have the Resource and OPERATING Mine ✓ We have the People High-grade 15+ year resource from the Dedicated local workforce including 30% renowned Weipa bauxite province. Mi
Slide 12: Explore | Define | Mine
For personal use only Explore | Define | Mine For Further Information Contact: Simon Wensley CEO & MD | Robin Bates Co.Sec Ph: +61 (0) 7 3009 8000 | L2, 247 Adelaide St, Brisbane Postal Address: GPO Box 10955, Brisbane Q 4000