Metro Mining Limited · ASX:MMI
Metro Mining — Investor Presentation (October 2025)
15 slides from Metro Mining's investor presentation, Oct 27, 2025
Slide 1: Metro Mining Investor Update
For personal use only Metro Mining Investor Update October 2025
Slide 2: Disclosures
Disclosures IMPORTANT INFORMATION The purpose of this presentation is to provide general information about Metro Mining Limited (Metro or the Company) and it subsidiaries and business. NO OFFER OF SECURITIES For personal use only This presentation is for information purposes only and does not consti
Slide 3: Steady progress on key value and risk drivers
Steady progress on key value and risk drivers Execution Record shipments: solid production increases, on track for 6.2 to 6.6 Million WMT for CY2025 For personal use only H1 profitability: NPAT $119.8 M from record revenue/margins, impairment reversal, restructured hedge position; $201 M gross t
Slide 4: The Essential Energy Transition Mineral
The Essential Energy Transition Mineral Global Aluminium Demand Growth by Sector (2020 vs 2030; Mt) EVs For personal use only Batteries Renewables Recyclable Packaging Electricity Transmission Source: Company; AAC Source: AAI 4 | ASX : MMI | 2025
Slide 5: The Essential Energy Transition Mineral: Bauxite
The Essential Energy Transition Mineral Bauxite: the raw material to make primary aluminium EVs For personal use only Batteries Bauxite Alumina Aluminium Renewables Recyclable Packaging Electricity Transmission Source: AAI 5 | ASX : MMI | 2025
Slide 6: Bauxite prices stable: Guinea suspensions vs lower alumina price
Bauxite prices stable: Guinea suspensions vs lower alumina price Australian Bauxite Spot Price at US$61 /DMT CIF China Continuing record traded bauxite demand underpinning record trade. YTD Sept China imports up 32% YoY. Traded bauxite growth continues to be underpinned by alumina demand and exi
Slide 7: Volatile Outlook for 40% of Guinea exports
Volatile Outlook for 40% of Guinea exports About 75% of Asia Pacific Bauxite Volume comes from Guinea in West Africa. Guinea is run by an unelected military government heading for elections. Government has cancelled at least 5 operating licenses, accounting for ~27% of Guineas productive capacit
Slide 8: MMI Mt/pa expansion provides pathway to lowest global delivered cost supplier
MMI 7 Mt/pa expansion provides pathway to lowest global delivered cost supplier to China within steepening cost curve China Seaborne Bauxite Supply and Costs 2022 and 20261 For personal use only 100 2022 2026 90 80 2026 2022 70 US$/DMT CIF Shandong US$ 65 /DMT 60 50 40 30 US$ 30 /DMT 20 10 0 0 50 10
Slide 9: Scale & optimisation driving cost & margin evolution
Scale & optimisation driving cost & margin evolution Post legacy contracts Metro fully benefit from market pricing FOB Revenue and Site Costs - 2023 to 2025 (A$ / wmt) Increased production YoY has offset additional 72 mining and marine equipment costs and inflation For personal use only 51 49 49 4
Slide 10: Production Capacity to Production Consistency
Production Capacity to Production Consistency Our Focus • With expansion capacities established, priority shifts to consistency in production and reducing costly variability. Daily Variance % • YTD production consistency is low - over 50% of daily production has deviated from target by more For pers
Slide 11: Exploration Underway
Exploration Underway EPM 27611 and EPM16755 lateritic Purpose bauxite terraces exploration ongoing Q3 and Q3 Target areas using auger and For personal use only vehicle mounted drilling Commercial terms reached on farm in arrangements with Prophet Resources on EPM26982 West of Aurukun EPM25879
Slide 12: Metro Mining: Low-cost, High-grade, Australian bauxite producer
Metro Mining: Low-cost, High-grade, Australian bauxite producer 1. Remove 2. Mine & Haul ore 3. Screen bauxite 4. Load barges with 5. Tow barges to 6. Load OGVs overburden to port stockpile <100mm barge loader offshore anchorage using transhippers For personal use only High quality Direct Shipping
Slide 13: Highly Experienced & Capable Board & Management Team
Highly Experienced & Capable Board & Management Team only BOARD Douglas Ritchie Simon Wensley Dr Jennifer Purdie Hon Paul Lucas Andrew Lloyd Jo-Anne Scarini Independent NE Chair CEO & MD Independent NED Independent NED Independent NED Independent NED For personal use 40 years experience 35 years
Slide 14: ASX MMI: 42% Growth last months
ASX MMI: 42% Growth last 12 months 42% SP growth last 12 months Secured Debt US$ 49 M Market Cap $450 M Zero warrants oustanding For personal use only Included in the S&P Index Cash Position A$ 31 M (end Q3 2025) Dividend policy released Fully hedged for 2025 @ 0.63 USD:A$ ASX: MMI S
Slide 15: 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 15 | ASX : MMI | 2025