Metro Mining : Bauxite Hills Mine Commissioning

ASX ANNOUNCEMENT

29 November 2017

Bauxite Hills Mine Commissioning

Highlights

• Critical infrastructure Barge Loading Facility successfully commissioned

• Haul road construction progressing well

• Camp, fuel farm and other infrastructure remains on track for completion by the end of 2017

• Project construction remains on budget and on track

CONSTRUCTION OVERVIEW

Marine Infrastructure

All major marine infrastructure has reached practical completion including the Barge Loading Facility

("BLF"), Marine Offloading Facility, cyclone moorings, navigational aids and tidal gauge.

The BLF was recently wet commissioned with first product being loaded onto the conveyor system and into a barge. The commissioning was a success with the BLF construction completed in only 5 months.

In the lead up to production, Metro will also commission the product sampling station and on-belt analyser which are used to support mining operations, specifically quality control.

Simon Finnis, Managing Director commented:

"Our team and partners really need to be congratulated on a fantastic effort to get the major items of infrastructure complete, and commissioned in this timeframe. A special thanks must go to Transhipment Services Australia, who were the Project Managers for the BLF and marine infrastructure for a job well done.

We are becoming increasingly excited about next year, and are confident we will be in production,

as we have promised, early in Q2, 2018."

Announcement | 29 November 2017 | Page ASX 1

Bauxite Hills Mine Commissioning

Barge Loading Facility Wet Commissioning

Announcement | 29 November 2017 | Page ASX 2

Barge Loading Facility Aerial View

Bauxite Hills Mine General Manager Charles Easton & Transhipment Services Australia Director Ian Junk

Barge Loading Facility Wet Commissioning Bauxite being transported along conveyor system Bauxite from conveyor is fed into product stacker which loads bauxite onto barges