Slide 1: CEO Presentation at EGM
For personal use only CEO Presentation at EGM ASX : MMI| 30 August 2016
Slide 2: Compelling Investment Proposition
Compelling Investment Proposition For personal use only Metro Provides a Compelling Investment Opportunity Positive fundamentals for bauxite Simple DSO project, well located in Cape York’s world class bauxite province Production expected Q2 2018* Low CAPEX (~A$40m), high margins, excellent economics
Slide 3: Achievements Over Past 12 Months
Achievements Over Past 12 Months For personal use only Metro has been Rapidly Advancing Bauxite Hills 8 Greenstone Financing 7 Strategic Stake in Gulf Secured 6 Native Title & Land Access Agreement Signing – January 2016 EIS Submitted 5 PFS for 4Mtpa Lead Consultant for EIS Submission – Apri
Slide 4: Strategic Financing with Greenstone Resources
Strategic Financing with Greenstone Resources For personal use only Cornerstone Equity Investment at Significant Premium to Market Specialist metals & mining private equity fund Established by former senior JP Morgan and Xstrata executives in 2013 About Significant in-house technical expertise
Slide 5: Proven Team
Proven Team For personal use only Metro’s Board & Management Team have Successfully Developed and Operated over 30 Projects Globally Key Team Members Stephen Everett Chemical engineer with over 40 years experience in resources and construction Chairman Formerly Chairman of BeMaX Resources Over
Slide 6: Bauxite is the Primary Ore of Aluminium
Bauxite is the Primary Ore of Aluminium Key Ingredient for Manufacturing Aluminium For personal use only 4-6 tonnes 2 tonnes 1 tonne bauxite = alumina = aluminium Key Bauxite Value Drivers Metro Mining Ltd Grade Alumina content ranges from 30% - 65% and silica ranges from 2% - 30% Alumina 50-54 % Si
Slide 7: China Seaborne Market Driving Demand
China Seaborne Market Driving Demand For personal use only Structural Change due to Coastal Refining and Declining Reserves (<10 Years) Driving Strong Chinese Demand for Imported Bauxite China Bauxite Demand (by 2015 Capacity Mtpa) China Bauxite Imports (Mt) ~7% CAGR for next 15 years 147 Inner Mong
Slide 8: Favourable Supply Dynamic
Favourable Supply Dynamic For personal use only Australia Ideally Placed To Meet Increased Chinese Demand With Proven, Well Accepted Product And Key Freight Advantage China Bauxite Imports by Country, Volume & Price Last 4 Years Indonesia Australia Jamaica India Malaysia Fiji Guyana Brazil Guinea Do
Slide 9: Location Provides Brand & Value Driver
Location Provides Brand & Value Driver For personal use only Located 95km North of Weipa with ready access via the Skardon River Weipa is a world renowned and high quality bauxite province Adjacent to historic kaolin mining operation Compact site, undemanding terrain, easy access to ocean for
Slide 10: Operational Simplicity
Operational Simplicity For personal use only Conventional Mining and Transportation Techniques clear vegetation & remove overburden return overburden & replace topsoil - then revegetate Mining strip mine bauxite Overburden (~0.5m) DSO Bauxite Horizon (~1.75m) Ironstone Mottled Zone Haul ore 5-10km t
Slide 11: Transhipment Solution
Transhipment Solution For personal use only Barging and Transhipment Solution to be Provided by Proven Operator Barge Loading Facility (BLF) Adequate water at low tide & accessible from tenements Tugs & ‘Dumb’ Barges Barge capacity of 2,500t - 3,800t depending on tide Key Points TSA previously pro
Slide 12: Increased Production Scenario
Increased Production Scenario For personal use only Significant Scale Benefits Confirmed by Recent PFS Key Results** Detailed PFS completed by MEC Mining Steady State Production 4Mtpa Based on DFS for 2Mtpa* completed Nov 2015 LOM Production 49.1Mt 4Mtpa* steady state 2Mtpa* for years 1 and
Slide 13: Off-Take Progress
Off-Take Progress For personal use only Product Quality Confirmed by Potential Customers with Initial Off-take MOU Secured & Discussions with other Possible Partners Progressing Off-take MOU secured with Xinfa Xinfa is one of the largest integrated aluminium companies in China MOU secured in A
Slide 14: Strategic Stake in Gulf
Strategic Stake in Gulf For personal use only 22% Stake In Neighbour Provides Multiple Benefits Key Points Off-market takeover offer closed in June Metro now Gulf’s largest shareholder with 22% stake Gulf has similar reserves & resources to Metro and access to some legacy infrastructure associ
Slide 15: Metro Share Price
Metro Share Price For personal use only Current Share Price Provides Ground-floor Entry with Significant Upside Near Term share Price Targets: $0.14 $0.26 $5.6m Equity Raising at $0.08/share $0.20 $0.12 $0.10 $8.9m Strategic Financing with Greenstone at $0.085/share Initial PFS (2Mtpa) $0.08 $0.06 M
Slide 16: Corporate & Contact Details
CORPORATE & CONTACT DETAILS For personal use only Attractive Fundamentals, High Quality Project with Proven Team focused on Delivering Shareholder Value KEY CONTACT DETAILS Simon Finnis Chief Executive Officer Metro Mining Limited Email: sfinnis@metromining.com.au Tel: +61 7 3009 8005 Mob: +61 418 6
Slide 17: Disclaimer
For personal use only Disclaimer Statements and material contained in this Presentation, particularly those regarding possible or assumed future performance, production levels or rates, commodity prices, resources or potential growth of Metro Mining Limited, industry growth or other trend projection