Metro Mining Limited · ASX:MMI
Metro Mining — Investor Presentation (January 2019)
14 slides from Metro Mining's investor presentation, Jan 29, 2019
Slide 1: December Quarter 2018 Investor Presentation
For personal use only December Quarter 2018 Investor Presentation
Slide 2: December Quarter 2018 Highlights
December Quarter 2018 Highlights For personal use only Strong quarterly performance, well positioned for 2019 ◼ Safety – LTI free ◼ Community – Indigenous engagement strengthened ◼ Quarterly production – 743k wet metric tonnes (WMT) with 816k WMT shipped ◼ 2018 Production guidance – Achieved with 2.
Slide 3: Positive Community Relationships
Positive Community Relationships For personal use only ◼ Infrastructure Deed finalised and executed with Traditional Owners ◼ Current Indigenous employment is 37% (target 20%) 3 | ASX : MMI | January 2019
Slide 4: Production & Shipping Results
Production & Shipping Results For personal use only ◼ Mining production of 743k WMT with 816k WMT shipped ◼ 2018 production guidance of 2M WMT achieved ◼ Annualised run-rate of 2.5M WMT achieved for second consecutive quarter ◼ Very strong result given significant cyclone weather disruptions at star
Slide 5: Shiploading Performance
Shiploading Performance For personal use only ◼ Transhipping activities continued to perform strongly ◼ Record monthly shipping and daily loading rates achieved during quarter ◼ All shipments for the quarter (and the year) to contract quality specifications (33 ships loaded for year) Shiploading Rat
Slide 6: Operating Costs & Realised Prices
Operating Costs & Realised Prices For personal use only ◼ Solid ramp-up margins, despite weather disruptions and lower AUD/higher bunker fuel prices that increased freight costs ◼ Site operating costs and realised prices compare favourably to BFS completed in March 2017 for same ramp-up period ◼ Sig
Slide 7: 2019 Production Upgrade
2019 Production Upgrade For personal use only ◼ 2019 production guidance upgraded from 3.0M WMT to 3.5M WMT, an increase of approximately 17% ◼ Driven by strong customer demand, with 75% of 2019 expanded production already sold ◼ Low capital cost improvements initiated to support expansion ($6.8M in
Slide 8: Stage 2 Expansion Opportunity
Stage 2 Expansion Opportunity personal use only ◼ 2019 production expansion brings forward improvements and upgrades included in Stage 2 Expansion ◼ DFS for Stage 2 Expansion (6.0M WMT per annum by 2021) being refreshed and on track for completion 2Q 2019 ◼ Scale step-changes deliver opportunity to
Slide 9: Exploration Activities
Exploration Activities For personal use only ◼ 221 holes completed for a total of 893 metres with 3,570 samples sent for assay ◼ Drilling focussed on upgrading areas of existing Resource from Inferred to Indicated / Measured categories ◼ Drilling also tested for bauxite beyond existing Resource boun
Slide 10: Bauxite Market & Price Outlook
Bauxite Market & Price Outlook For personal use only ◼ China imports continue to increase with total imports for 11 months to end of November reaching 75M WMT ◼ Bauxite prices in an upward trend with CBIX bauxite index at end of quarter being US$51.4/DMT (dry metric tonne) ◼ Strong demand for Metro’
Slide 11: Cashflow Analysis
Cashflow Analysis For personal use only ◼ Significant mine EBITDA of $8.6M – expected to improve following production expansion and upgrade initiatives ◼ Cash & receivables increased to $40.2M post $3M invested in growth capital and exploration ◼ Sprott debt facility favourably adjusted during quart
Slide 12: Share Price & Corporate Structure
Share Price & Corporate Structure For personal use only Share Price Performance January 2017 – January 2019 Capital Structure Price ($) Volume (m) $0.35 Share Price (25 January 2019) A$0.15 $0.30 Shares on Issue 1,383.4M $0.25 Market Capitalisation A$207.5M $0.20 Options Unlisted 30.1M $0.15 Cash an
Slide 13: 2018 Delivers Strong Platform
2018 Delivers Strong Platform For personal use only Metro successfully delivered its first year of production in 2018 and more is to come Mine successfully commissioned ✓ Production guidance achieved ✓ LTI free ✓ ✓ Strong and growing customer base ✓ 2019 production upgraded by 17% ✓ Owne
Slide 14: Disclaimer
Disclaimer For personal use only FORWARD LOOKING STATEMENT Statements and material contained in this ASX Announcement, particularly those regarding possible or assumed future performance, production levels or rates, commodity prices, resources or potential growth of Metro Mining Limited, industry gr