Results

Metro Mining Limited

11/09/2018 | Press release | Distributed by Public on 11/08/2018 17:14

Investor Presentation

Investor Presentation

Highlights

1

Bauxite Hills Mine in production 10 months after construction commenced - as planned

2

Production Ramping Up - 25 Vessels and >1.6 million tonnes shipped to date

3

Upgrade strategy announced - 2019 forecast production of 3.5M Wet Metric Tonnes (WMT)

4

Long life mine delivering into a strongly growing Chinese market

5

Independent Cape York bauxite producer

6

Sales underpinned by a binding 4 year offtake agreement (~50% production) with Xinfa

7

Shipments made to a range of Chinese customers

Corporate Snapshot

Share Price Performance June 2016 - November 2018

$0.35

$0.30

$0.25

$0.20

$0.15

$0.10

$0.05

Jun-16

Jul-16

Aug-16

Sep-16

Oct-16

Nov-16

Dec-16

Jan-17

Feb-17

Mar-17

Apr-17

May-17

Jun-17

Jul-17

Aug-17

Sep-17

Oct-17

Nov-17

Dec-17

Jan-18

Feb-18

Mar-18

Apr-18

May-18

Jun-18

Jul-18

Aug-18

Sep-18

Oct-18

Board of Directors

Independent Chairman

Stephen Everett

Managing Director & CEO

Simon Finnis

Independent Non-Executive Director

Philip Hennessy

Independent Non-Executive Director

Lindsay Ward

Non-Executive Director

Mark Sawyer

Non-Executive Director

Xiaoming (Aaron) Yuan

Nov-18

Capital Structure

Share Price (7 November 2018)

A$0.155

Shares on Issue

1,383M

Market Cap

A$214.4M

Options Unlisted

31M

Cash and Receivables (30-Sept-2018)

A$38.2M

Debt Facilities

A$41.2M

Enterprise Value

A$217.4M

Share Register

Greenstone

Balanced Property

BlackRock

DADI

Other Institutions

Other Shareholders

2019 Expansion & Upgrade

MonthlyMining(kwmt)

350 300 250 200 150 100 50

0

April* May

*Partial Mth - Mining began 17 Apr 2018

DailyShipLoadingRates

14,000 12,000 10,000 8,000 6,000 4,000

June

July

AugustSeptemberOctober

2,000

0

Ship Ship Ship Ship Ship Ship Ship Ship Ship Ship Ship Ship Ship Ship Ship Ship Ship Ship Ship 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

  • Strong customer demand drives improvement and upgrade strategy - 2019 forecast production now 3.5M (WMT).

  • Much of existing infrastructure designed for higher operating levels making initiatives easy to implement and low cost.

  • Cost of A$6.8M will include

    • Supplementing the current truck and haulage fleet.

    • Duplicating screening capacity at the BLF.

    • Jaw crusher to treat oversized material.

    • Supplementing marine fleet and infrastructure.

  • Many of these initiatives were part of the long-term Stage 2 expansion to steady state production of 6.0M WMT pa.

    (subject to DFS update and Board approval)

  • Will result in greater economies of scale, a variety of operational benefits and lower unit costs.

Metro Mining Q3 2018 Results