Metro Mining : June Quarter Production Results

June Quarter Production Results

Metro Mining (ASX: MMI) is pleased to provide production and shipping results for the June Quarter.

Bauxite Hills Production Results
Period	April*	May	June	Quarter
Bauxite Mined (WMT) ('000)	39	161	245	445
Bauxite Shipped (WMT) ('000)	35	150	214	399
Bauxite Mined (WMT per day)	2,768	5,194	8,167	n/a
Bauxite Shipped (WMT per day)	2,500	4,844	7,133	n/a

*NB: April was a partial month due to Cyclone Nora and mining did not commence until 17 April 2018

The Bauxite Hills Mine experienced a steady ramp-up during the quarter and is now approaching the budgeted operating rates and achieving very consistent results on a daily basis.

In particular:

• ▪ June mining rates averaged 8,167 WMT per day

• ▪ The trend in ship loading rates continue to rise with the last ship loading in 7.1 days

Metro is on track to meet its production and shipping guidance of 1.965 - 2.075Mt (WMT) for 2018 CY.

10,000

9,000

Daily Shiploading Average (tpd)

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

0

Ship 1

Ship 2

Ship 3

Ship 4

Ship 5

Ship 6

Commenting on this quarterly operating performance, Metro's Managing Director and Chief Executive Officer, Mr Simon Finnis, said:

"While it was a challenging start to the quarter, I am extremely proud of how the site team and our contract partners responded to resolving issues as they arose. All aspects of the operation have finished the quarter performing strongly, and I Iook forward to the project reaching targeted operating rates during the September quarter".

ASX: MMI | ACN 117 763 443

For Further Info: P: [phone] | E:[e-mail] |W:www.metromining.com.au Contact: Simon Finnis, Managing Director & Chief Executive Officer | Amy Treble, Company Secretary Duane Woodbury, Chief Financial Officer

Registered Office & Head Office: Level 2, 247 Adelaide St, Brisbane | GPO Box 10955, Brisbane Q 4000

This announcement has been prepared for publication in Australia and may not be released or distributed in the USA. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 (as amended) and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws.