Metro Mining Limited · ASX:MMI
Metro Mining — Noosa Mining Conference November 2022
13 slides from Metro Mining's conference presentation, Nov 10, 2022
Slide 1: De-Risked Independent Bauxite Supplier
De-Risked Independent Bauxite Supplier Noosa Mining Conference November 2022
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: Simple High-Quality Bauxite Operation
Simple High-Quality Bauxite Operation Metro second significant exporter of “Weipa” bauxite Clear vegetation & Return overburden & replace remove overburden topsoil - then revegetate 1963 COMALCO starts commercial production in Weipa 2008 First long term Weipa bauxite contracts to China Overburde
Slide 4: 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 Estimated Global Aluminium Demand by End Use Sector An orderly net zero transition depends on aluminium 4 | ASX : MMI | Nov 2022 I
Slide 5: Traded Bauxite market has very strong future
Traded Bauxite market has very strong future Metro perfectly placed as Chinese domestic & Indonesia supply withdraws Implied Change in Global Bauxite Demand (2020-2030) Forecast Sources of Bauxite Consumption China (2021-2032) 22% forecast growth in Global Bauxite demand (10 yrs) 70% forecast gr
Slide 6: Metro off-take contracted in rising market
Metro off-take contracted in rising market Expansion perfectly timed into growing market as China domestic & Indonesia supply withdrawn Metro Contract Off-take by Customer Imported Bauxite Prices (US$/DMT CIF China) 8 75 Mine & Trans-ship Capacity 70 7 65 6 60 Million Wet Metric Tonnes Xiangsen LOI
Slide 7: Metro now more resilient to market forces
Metro now more resilient to market forces Turnaround complete: operations de-risked in 2021/2022 as market recovers 2022 Production vs Target (WMT/month) Offtake security: Baseload customers underpin off-take to 2026. 500000 Additional offtake with Xinfa, a portion FOB. Extended Xiangsen 450000 LO
Slide 8: Expansion transforms Metro from good to great
Expansion transforms Metro from good to great Low capex, low risk, brownfield expansion delivering payback in less than 2 years Key Statistics Board approved expansion of Bauxite Hills mine from 4 to 7 Mt/a capacity Capacity M WMT 7.0 • Procure a 2nd floating crane barge & upgrade fixed & mobile p
Slide 9: Lowest Global Delivered Cash Cost Positioning
Lowest Global Delivered Cash Cost Positioning Become worlds lowest cost global quality bauxite supplier into China Independent consultant, CM Group, places Metro, at 6 Mt/a scale, as No 1 on the 2026 delivered China seaborne cost curve 1st Quartile 2nd Quartile 3rd Quartile 4th Quartile 2022 2026 9
Slide 10: Well Credentialed Board & Management
Well Credentialed Board & Management Significant top-tier mining value chain experience delivering expansion & future shareholder value Highly Experienced Resources Board Capable Management Team Douglas Ritchie Simon Wensley Non-Executive Chairman CEO & Managing Director Fiona Murdoch Nathan Quinlin
Slide 11: Exciting time to invest in Metro
Exciting time to invest in Metro Existing operations de-risked, market recovering, expansion underway We have the Resource and Operating Mine We have the People High-grade 15+ year resource from the Dedicated local workforce including 30% renowned Weipa bauxite province. Mine indigenous particip
Slide 12: ASX: MMI - Corporate Snapshot
ASX: MMI- Corporate Snapshot Share Price Market Cap A$ 0.017 A$ 74.2 Million • As at 4/11/22 • As at 4/11/22 • 52 week high $0.039, low 0.013 • Shares on issue 4,364 Million Cash Q3 2022 Revenue A$ 19 Million A$ 54 Million • From 1.1 MWMT sold • As at 30/09/22 Top Shareholders % Broker Target Price
Slide 13: Explore | Define | Mine
Explore | Define | Mine For Further Information Contact: Simon Wensley CEO & MD | Mitchell Petrie Co.Sec Ph: +61 (0) 7 3009 8000 | L2, 247 Adelaide St, Brisbane Postal Address: GPO Box 10955, Brisbane Q 4000