Slide 1: Noosa Mining Virtual
For personal use only Noosa Mining Virtual 16 July 2020
Slide 2: A Sustainable Company
A Sustainable Company For personal use only Revenue Earning Long Life Mine Generating Cash Strongly Growing Market Enduring Geographical Simple Project – and jurisdictional Low CAPEX & OPEX Competitive Advantage 2 | ASX : MMI | July 2020
Slide 3: Achievements
Achievements For personal use only Production Increase Operational Performance Reduced Unit Costs Revenue/EBITDA Growth Stage 2 DFS Expansion 3 | ASX : MMI | July 2020
Slide 4: Update Regarding COVID
Update Regarding COVID For personal use only Protocols Very Successful Impacts of COVID ❑ Social distancing practiced onsite and to and from ❑ Lower alumina price causing lower bauxite pricing site via staggered meal times and other actions generally ❑ Pre-flight medical checks and surveys instigate
Slide 5: Metro Delivers
Metro Delivers personal use only 2020For2019 March October November December December: Infrastructure expansion Stage 2 DFS A$47.5M Restructured out of Upper end of revised to 3.5Mt complete Complete NAIF Loan Facility US$ debt facility guidance achieved March April: April April June Site Upgrade De
Slide 6: 2018-2020 Shipping Performance
2018-2020 Shipping Performance For personal use only June Qtr Full Year 3,500 3,000 2,500 (WMT) (‘000) 2,000 1,500 1,000 500 0 2018 2019 2020 6 | ASX : MMI | July 2020
Slide 7: June Quarter Shipping Comparison 2018-2020
June Quarter Shipping Comparison 2018-2020 For personal use only April May June 600,000 500,000 400,000 300,000 200,000 100,000 0 2018 2019 2020 7 | ASX : MMI | July 2020
Slide 8: Stage Expansion
Stage 2 Expansion Source: IAI, CM Analysis For personal use only 6.0M WMT pa Funding ✓ Significant economic benefits confirmed ✓ A$51.4 M Capital Costs (incl 10% contingency) ✓ LOM unit operating costs forecast to reduce by ~18% ✓ Project Payback <18 months delivered to China – margins increased ✓ A
Slide 9: Stage Expansion – Floating Terminal
Stage 2 Expansion – Floating Terminal Source: IAI, CM Analysis For personal use only Floating Terminal by Rocktree for indicative purposes only
Slide 10: China Demand Outlook Remains Strong
China Demand Outlook Remains Strong For personal use only 200 Forecast 180 China's Annual Bauxite Imports (Mln DMT) 160 140 120 100 2020 Q2 Forecast 2019 Q2 Forecast 80 60 40 20 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Sourc
Slide 11: Bauxite Market & Price Outlook
Bauxite Market & Price Outlook ▪ China bauxite imports continue to increase - 2019 imports were just over 100Mt, 18Mt increase Source: CM GROUP from 2018. For personal use only ▪ Official Q1 2020 data, China imported 28.5Mt, Q2 2020 estimate of 30.0 Mt – on target for post-COVID adjusted forecast of
Slide 12: China Alumina Prices Jan 2019 – Jul 2020
China Alumina Prices Jan 2019 – Jul 2020 Source: CM GROUP For personal use only 15,000 4,000 14,000 3,500 China Alumina Price (RMB/T INCL. VAT) China Changjian Al Price (RMB/T INCL. VAT) 13,000 3,000 12,000 CBIX Bauxite Index – Last 12 Months 2,500 11,000 10,000 2,000 9,000 1,500 8,000 1,000 7,000 A
Slide 13: Freight – Guinea (US$/WMT)
Freight – Guinea (US$/WMT) Source: CM GROUP For personal use only $35.00 $30.00 $25.00 CBIX Bauxite Index – Last 12 Months $20.00 $15.00 $10.00 $5.00 $0.00 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 13 | ASX : MMI | July 2020
Slide 14: Good Community Relationships
Good Community Relationships ◼ Relationship continues to grow and flourish For personal use only ◼ Metro becoming a key participant in the Northern Cape York Community ◼ COVID Management protocols in place after liaison with Traditional Owners ◼ Local employment levels a key achievement 14 | ASX : M
Slide 15: Share Price & Corporate Structure
Share Price & Corporate Structure For personal use only Share Price Performance Current Capital Structure Share & Market Cap $0.20 Share Price Performance Range 01/2019-07/2020 Price ($) Volume (m) Share Price (14 July 2020) A$0.11 0.08 0.17 $0.15 Shares on Issue 1,383.4M 1,383.4M 1,383.4M Market Ca
Slide 16: Summary and Close
Summary and Close Source: CM GROUP For personal use only ✓ Metro has largely weathered the COVID storm with excellent results on site & support from our offtake partner Xinfa ✓ China bauxite imports continue to increase, although 2020 will be slightly down on pre-COVID forecasts ✓ Chinese bauxite im
Slide 17: Competent Person's Statement
COMPETENT PERSON’S STATEMENT The information in this report that relates to the Bauxite Hills Mine Mineral Resource is based on For personal use only information compiled by Ed Radley who is a consultant to Metro Mining and a Member of the Disclaimer Australian Institute of Mining and Metallurgy (MA
Slide 18: For personal use only
For personal use only 16 July 2020