Metro Mining Limited announced that it has signed a binding agreement for the supply of 790,000 Wet Metric Tonnes (WMT) bauxite for delivery in 2021 with Xiamen Xiangsen Aluminium Limited (Xiangsen Aluminium). This new contract formalises the remaining volume under the LOI of 790,000 WMT and is the result of good ongoing trial results and significant effort of both Australian and Chinese parties. This Agreement schedules tonnage from September through to December and is in addition to Metro's Offtake Agreement with Xinfa for 2.3 Million WMT in 2021. It takes the Bauxite Hills Mine to full capacity at the same time that the new Floating Crane arrives at site, allowing costs to be further optimised. Both parties have flexibility to defer 1 shipment depending on trial progress and performance of the new Floating Crane. Xiangsen Aluminium is a Joint Venture between Xiamen Xiangyu Group and Shanxi Liulin Senze alumina refinery. The JV specializes in bauxite supply, alumina and coal trade as a comprehensive supply chain service company. Xiangsen Aluminum is working with Metro on trials and bauxite targets in the key alumina producing province of Shanxi. An important aspect of the relationship is leveraging logistics capabilities to transition to Capesize vessels to Chinese ports. Based on this binding off-take and strengthening relationship, Metro and Xiangsen Aluminium are negotiating to expand the scope and volume of the 1 Million DMT LOI for 2022-2023 (plus a 1 year option to extend).