Metro Mining Limited · ASX:MMI
Metro Mining — Investor Presentation (December 2021)
13 slides from Metro Mining's investor presentation, Dec 8, 2021
Slide 1: Delivering turnaround
Explore | Define | Mine Delivering turnaround December 2021
Slide 2: Forward Looking Statement and Competent Person's Statement
FORWARD LOOKING STATEMENT COMPETENT PERSON’S STATEMENT Statements and material contained in this Presentation, particularly those regarding possible or Any information in this report to that relates to the “Metro Mining – Bauxite Hills” Reserves is based on assumed future performance, production lev
Slide 3: Metro Investment Thesis
Metro Investment Thesis High quality operating mine with post COVID recovery underway and pathway to growth 100 Mt reserve, 17-year life bauxite mine. World class Weipa bauxite province. Current capacity ~4 Mt pa Expansion to ~6 Mt/a when additional offtake locked in, projected costs to market l
Slide 4: Simple High-Quality Bauxite Operation
Simple High-Quality Bauxite Operation Metro second significant exporter out of Weipa Clear vegetation & Return overburden & replace remove overburden topsoil - then revegetate 1963 COMALCO starts commercial production in Weipa 2008 First long term contracts from Weipa to China Overburden (~0.5m)
Slide 5: Implementing Transformation Initiatives
Implementing Transformation Initiatives 2022 de-risked with multiple pathways to Stage 2 Expansion established Main Features Key Implications New management team from July’21, delivering change 3.3 Mt shipments for 2021*, 4 Mt target for 2022 A$ 25.5 M capital raise oversubscribed Floating c
Slide 6: Metro Contestable Market to Grow by 100%
Metro Contestable Market to Grow by 100% Probable >30 Mt/a increase in High Temp segment in China By 2031 CM Group forecast 30 Mt/a increase in Chinese bauxite Bauxite Imports into China by Segment (WMT) market but 80 Mt/a increase in imports as inland refineries switch from domestic bauxite Met
Slide 7: Off-take and Forward Sales Book Firming
Off-take and Forward Sales Book Firming Xinfa and Xiangsen Aluminium underpin 4 Million WMT capacity Xinfa relationship supportive long term. Transition contract in 2022 before FOB contract commences in 2023 7 Xiangsen Aluminium now Stage 2 Expansion Production - 6 Million WMT per annum establis
Slide 8: New Floating Crane Barge Commissioned
New Floating Crane Barge Commissioned A rapidly executed transformational improvement to Metro’s delivered cost base Floating Platform studied as part of Stage 2 Expansion BFS in 2019 (Capex circa $60 M; debt financed by NAIF loan) New management identified new but smaller Damen (NL) design barg
Slide 9: Cost Reduction Initiatives Aid Margin Recovery
Cost Reduction Initiatives Aid Margin Recovery Immediate focus and good traction on cost saving initiatives at site and corporate Mine cost and productivity drive starting in July has Full FY removed A$ 6 M of costs in 2H 2021 analysis 2021 YTD Restructure rosters to 3 MT/a run rate to remove Av
Slide 10: Floating Crane Pivot Provides Options
Floating Crane Pivot Provides Options Options remain open to achieve Stage 2 Expansion 3 to 4 Mt/a scale 4 to 6+ Mt/a scale 2023 2 x Floating Crane Capesize Vessel (180 kt) Capex ~A$ 20 M Q3 2021 Current Self Loading geared 1 x Floating Crane Ultraclass Vessel (60 kt) Capesize Vessel (180 kt) Metr
Slide 11: Lowest Global Delivered Cash Cost Positioning
Lowest Global Delivered Cash Cost Positioning Metro enters Q1 with Floating Crane then No 1 position with Stage 2 expansion China Seaborne Bauxite Supply Cash Cost Curve 2022 and 2026 1st Quartile 2nd Quartile 3rd Quartile 4th Quartile 2022 2026 11 | ASX : MMI | December 2021 I China Seaborne Bauxit
Slide 12: New Management delivering Turnaround
New Management delivering Turnaround 12 | ASX : MMI | December 2021 I
Slide 13: For Further Information Contact
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