Metro Mining Limited · ASX:MMI
Metro Mining — Investor Presentation (February 2025)
15 slides from Metro Mining's investor presentation, Feb 10, 2025
Slide 1: Investor Update February 2025
NOT FOR DISTRIBUTION IN THE US For personal use only ASX: MMI Investor Update February 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 This presentation is for information purposes only and does not constitute or form any part
Slide 3: Low-cost, high-grade, Australian bauxite producer
ASX MMI: Low-cost, high-grade, Australian bauxite producer 1. Remove overburden & 2. Haul ore 5 – 22km 3. Screen bauxite 4. Load barges with 5. Tow barges to 6. Load OGVs using mine using FEL to port stockpile <100mm barge loader offshore anchorage transhippers For personal use only High quality Di
Slide 4: Strategy: Mt/a expansion pathway to lowest global delivered cost supplier to China
Strategy: 7 Mt/a 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 60 50 40 30 20 10 0 0 50 100 150 200 Supply (M
Slide 5: 2024 Highlights: Expansion commissioned & ramped up; Company de-risked
2024 Highlights: Expansion commissioned & ramped up; Company de-risked Record CY 2024 mine production and shipments of 5.7 million WMT- up 24% YoY Expansion flow sheet commissioned Q2 then ramped up through Q3/Q4 sustaining rates above 30 Kt/day For personal use only Q4 FOB pricing up 16% from Q3
Slide 6: Expansion capacity ramped up in Q3/Q4
7 million WMT expansion capacity ramped up in Q3/Q4 BHM Shipping rate (2022 to 2024 YTD; WMT/day; 3 day rolling avg/monthly) 5.7 M WMT shipped in commissioning year For personal use only Substantial periods operating 28 to 34 k WMT / day 7 Mt /a run rate Ramp up satisfactory after delayed star
Slide 7: Record demand, tight supply underpins strong prices
Record demand, tight supply underpins strong prices Australian bauxite spot price US$90/DMT, up 89% since Feb ’231 Bauxite Imports to China (Million DMT) Very strong traded bauxite market again in 2024 with a 3rd consecutive record for imports into China at 159 Mt 14% above 2023 For personal use o
Slide 8: On-track to achieve average site EBITDA of A$18/WMT in 2025
On-track to achieve average site EBITDA of A$18/WMT in 2025 Built capacity, economies of scale and market conditions combine to deliver record margins For personal use only $90 2024 Q4 Spot Price $80 $81 $70 2024 Average Pricing $64 $60 $5 A$ / wmt $53 $50 $7 $6 DFS Pricing $40 $21 $7 $7 $15 $18 $6
Slide 9: Balance sheet deleveraged and simplified
Balance sheet deleveraged and simplified Senior debt repayment commences July 2025, 30% of facility scheduled to be repaid in current year For personal use only Royalty Refinance Junior Debt Mar ‘24 Deferrals and Royalty Dec ‘24 Repaid Repaid Buy-Out Junior debt fully repaid in 2024 Cash1 3 - - -
Slide 10: 2025 Focus Areas
2025 Focus Areas Execute Expanded Wet Season Maintenance Program- increased to $ 7.5 M BLF offsite strip/rebuild, pontoon maintenance, Ikamba chute upgrade, screen plant #1 upgrade, HME For personal use only 6.5 to 7.0 Million WMT Production and Shipments Target last week March recommence, i
Slide 11: Tremendous Progress Made over the Last Year
ASX MMI: Tremendous Progress Made over the Last Year Shares on Market Share Price1 Issue Capitalisation For personal use only A$0.066 6,071 million A$401 million Performance Warrants2 Net Debt4 Rights 238 million 0 A$52 million $0.066 Top Shareholders3 % Ascend Capital 9.9 Willims Group 8.3 Balanced
Slide 12: ESG Update
ESG Update In-line with our continuous rehabilitation commitments, a record of 185.3 hectares has been prepared for seeding during the wet season, with 150.2 hectares seeded. The balance of the seeding will be completed in Q1 2025 Metro has finalised its 2025-26 ESG Strategy and Roadmap which pr
Slide 13: New Apron/Wobbler Feeder Screening Circuit in Operation
New Apron/Wobbler Feeder Screening Circuit- in Operation For personal use only Record monthly mine production achieved in November ~900 K WMT with full effect of 7 quad trailer/prime movers Barge loading rates for the wobbler screening circuit feeding the BLF now average 1600 TPH as new 992 Cat
Slide 14: MMI – Marine Operations
MMI – Marine Operations Best 3 day loading average during 2024= 30,852 tonnes per day which gives a good sense of system capacity For personal use only Five 210,000 DWT Capesize (Newcastle variant) loaded MMI new large offshore assist tug, Mandang, arrived New TSA tow tug, Brizo, arrived 14
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,