Metro Mining Limited · ASX:MMI

Metro Mining — Noosa Mining Conference (July 2025)

16 slides from Metro Mining's conference presentation, Jul 24, 2025

  1. Slide 1: For personal use only

    For personal use only 1 | ASX : MMI | 2025

  2. 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 This presentation is for information purposes only and does not constitute or form any part

  3. Slide 3: The Essential Energy Transition Mineral

    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 3 | ASX : MMI | 2025

  4. Slide 4: The Essential Energy Transition Mineral: Aluminium Demand Growth

    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

  5. Slide 5: 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

  6. Slide 6: Since 2021 MMI has executed a simple sound strategy

    Since 2021 MMI has executed a simple sound strategy…. Market Increased Increase Fast-track Recapitalise New Team & Reposition & Control & De- Resilience of Expansion for & Fund the Turnaround For personal use only Increase Off- risk Logistics the Operation Economies of Business Operations take Quali

  7. Slide 7: Successful Expansion to 7M WMT Completed

    Successful Expansion to 7M WMT Completed Scale driving margin growth in robust market 2024 Highlights Q2 2025 Results  Expansion successfully commissioned / ramped up  YTD 1.9 M WMT Production, record Q2 For personal use only  Record 5.7 M WMT Production  On track for 6.5 to 7.0 M WMT for CY2025

  8. Slide 8: Bauxite prices resilient on record trade & Guinea licence suspensions

    Bauxite prices resilient on record trade & Guinea licence suspensions Australian Bauxite Spot Price at US$61 /DMT CIF China  Continuing record traded bauxite demand underpinning record trade. China imports 1H 2025 up 33% YoY  Prices have softened due to supply/demand balance but are resilient afte

  9. Slide 9: 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 Affrica  Guinea is run by an unelected military government heading for elections and the country is becoming increasingly For personal use only unstable  Government has cancelled at leas

  10. Slide 10: MMI expansion provides pathway to lowest global delivered cost supplier to China

    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

  11. Slide 11: Priority to Secure and Invest

    Priority to Secure and Invest Maximise value at Skardon River with organic growth 2026 Targeted Value Drivers 1. Lean, safe, productive lowest delivered cost producer For personal use only Opex < US$30 /DMT CIF China 2. Resilient assets/business model mitigate wet season 3. Optimal product and marke

  12. Slide 12: Upcoming Exploration

    Upcoming Exploration EPM 27611 and EPM16755 lateritic Purpose bauxite terraces for targeted for exploration Q3 2025 Access and logistics arrangement For personal use only underway Target areas using auger and vehicle mounted drilling  Commercial terms reached on farm in arrangements with Prophet

  13. Slide 13: High Indigenous Employment levels & Community Support

    High Indigenous Employment levels & Community Support Taking action to boost local employment:  Family friendly roster and dedicated flights to FNQ communities For personal use only  120% increase in training, development & apprentice roles  486 FNQ employees (all site incl. contractors)  $23.3

  14. Slide 14: Highly Capable Board - Stable Management Team

    Highly Capable Board - Stable Management Team BOARD personal use only Douglas Ritchie Simon Wensley Hon Paul Lucas Andrew Lloyd Jo-Anne Scarini Independent NE Chair CEO & Managing Director Independent NED Independent NED Independent NED  40 years experience  35 years experience  30 years experien

  15. Slide 15: ASX MMI: 45% Growth last months

    ASX MMI: 45% Growth last 12 months  45% SP growth last 12 months  Secured Debt US$ 56.6 M  Market Cap $420 M  Cash Position A$ 28.3 M (end Q2 2025) For personal use only  Zero Warrants  Fully hedged for 2025 @ 0.63 USD:A$ ASX: MMI Share Price (1 January 2024 to 21 July 2025) 15 | ASX : MMI | 2

  16. Slide 16: 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 16 | ASX : MMI | 2025

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