Metro Mining : 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

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Nov-16

Dec-16

Jan-17

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Apr-17

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Jun-17

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Oct-17

Nov-17

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Jan-18

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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