Metro Mining Limited · ASX:MMI
Metro Mining — Critical Minerals Conference 2024
18 slides from Metro Mining's conference presentation, Feb 26, 2024
Slide 1: Investor Update Critical Minerals Conference February 2024
For personal use only Investor Update Critical Minerals Conference February 2024
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 Mining and Metallurgy (MAusIMM). Mr Ed Radley has sufficie
Slide 3: Bauxite – the critical mineral for the critical metal
Bauxite – THE “critical” mineral for the critical metal Primary aluminium for transportation, EVs & renewables: most important metal for the energy transition For personal use only Lightweight transportation 20% of EV battery High Grade Alumina Aluminium Bauxite Renewables manufacture 3 | ASX : MMI
Slide 4: Global aluminium demand expected to rise by ~40% by 2030
Global Aluminium demand expected to rise by ~40% by 20301 Aluminium central to long-term renewable energy generation/storage, Electric Vehicles (EVs) and electrification Global Aluminium demand expected to rise by ~40% by 20301 For personal use only Transitioning the world towards green energy sou
Slide 5: Metro Bauxite inside these important products
Metro Bauxite “Inside” these important products MMI’s customers making Tesla bumpers, Mercedes wheels, EV batteries, radiators, iPhones For personal use only I 5 | ASX : MMI | February 2024
Slide 6: MMI: Summary and Update
MMI: Summary and Update Record production and shipments in 2023 of 4.6 Million WMT despite significant impact from tropical cyclone For personal use only 6 Million WMT + rates demonstrated in 2023 Traded bauxite market is robust- 6.8 Million WMT offtake for 2024 locked in and prices firm Wet
Slide 7: Robust supply / demand backdrop for bauxite price
Robust supply / demand backdrop for bauxite price Bauxite price stable around US$50/WMT+, up 26% since Jan ’221 Record bauxite imports to China in 2022 and 2023 Indonesia has ceased all bauxite exports, constraining global supply For personal use only Forecast Bauxite Consumption China (2023-203
Slide 8: MMI targets lowest global delivered cash cost positioning
MMI targets lowest Global Delivered Cash Cost Positioning Become world’s lowest cost global quality bauxite supplier into China 1st Quartile 2nd Quartile 3rd Quartile 4th Quartile For personal use only 100 China Seaborne Bauxite Supply and Costs 2022 and 2026 (Source: CM Group 2023) 90 80 70 US$/DMT
Slide 9: Positive cost and margin outlook
Positive Cost and Margin Outlook Economies of scale & evolution of freight book drives forecast margin potential up For personal use only $70 $66 Current Spot Cargo Price $60 $57 $5 2023 2H Average Pricing $53 $50 DFS Pricing $6 $6 $21 $40 $6 A$ / wmt $18 $6 $6 $17 $30 $17 $13 $15 $20 $18 $32 $15 $2
Slide 10: Demonstrable track record of 6.0+ M WMT/a run-rate
Metro has a demonstrable track record of 6.0+ M WMT/a run-rate …and the path to 7.0 M WMT/a run-rate is now de-risked Production Output: Mined & Shipped (30 Day Rolling Average) For personal use only Cyclone 30,000 Jasper 7.0 M WMT/a Impact (run-rate) 25,000 6.0 M WMT/a (run-rate) Flow Sheet 5.0 M W
Slide 11: The pathway to million tonne capacity, in place during Q2 2024
The Pathway to 7 Million Tonne Capacity, in place during Q2 2024 For personal use only 8 x prime movers + trailers New apron/wobbler feeder screen circuit + 1 existing screen BLF motor & belt upgrade = 7.3 M WMT = 11.5 M WMT = 8.0 M WMT OFT Ikamba + Floating Crane 7 x tugs, 6 x 90m barges 11 | ASX :
Slide 12: Sales contracts underpin expansion, demand strong
Sales contracts underpin expansion, demand strong Expansion perfectly timed with declining Chinese/Indonesian production Metro Contract Off-take by Customer For personal use only 8 Mine & Trans-ship Capacity 7 Lubei Chem 2023: Metro sales firm: 4.6 M WMT 6 2024: 6.8 M WMT in off-take contracts X
Slide 13: Highly experienced leadership team and board
Highly experienced leadership team and board with strong culture of safety and community Board of Directors Executive Leadership Team For personal use only Douglas Ritchie, Simon Wensley, Cherie Everett, Independent Non-Executive Chair CEO & Managing Director GM - People & Culture 40 years experie
Slide 14: Metro Mining: only pure play ASX bauxite operator
Metro Mining: Only pure play ASX bauxite operator Near term cash drivers: Operations running effectively, market strong, expansion on track We have the market and the customers We have the transformational expansion strategy For personal use only Record bauxite trade in 2022/23 and forecast to L
Slide 15: Metro Mining (MMI) – the only pure play ASX bauxite operator
Metro Mining (MMI)- The only pure play ASX bauxite operator Market Cap Share Price For personal use only A$ 123 Million A$ 0.027 • As at 23/02/24 • As at 23/02/24 • Shares on issue 4,556 • 52 week high $0.027, low Million 0.007 NPV of expansion NPV per share A$ 405 Million* A$ 0.09* • May ‘23 Expans
Slide 16: Apron and wobbler feeder circuit under construction
Apron and wobbler feeder circuit under construction For personal use only I 16 | ASX : MMI | February 2024
Slide 17: OFT Ikamba is now in Cape York preparing for operations
OFT Ikamba is now in Cape York preparing for operations For personal use only I 17 | ASX : MMI | February 2024
Slide 18: 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