Metro Mining Limited announced completion of the Definitive Feasibility Study (DFS) for the Stage 2 expansion of the Bauxite Hills Mine. Once completed, the expansion will reduce unit operating costs and increase production capacity to 6M WMT pa from 2021 onwards. The key components of Stage 2 are: Construction and mobilisation to Skardon River of a FT with the ability to load 6M WMT pa of bauxite; Scale up of the current mining, haulage and transhipment fleets; Optimisation and upgrading of the existing port and barge loading facilities. With commissioning of the FT planned for First Quarter 2021 the production target for 2020 is 4.0M WMT. Metro will continue to look at optimisation alternatives with the potential to increase production levels in 2020. The DFS was completed by MEC Mining, an independent and highly reputable Mining Consultancy firm who previously completed feasibility studies for Bauxite Hills. This was supported by a number of specialist consulting firms including: Rocktree Consulting, a global specialist builder and operator of transhipment vessels for dry bulk commodities such as bauxite. Braemar, a leading international Ship Broker which provided forward freight estimates. CM Group, a market leading bauxite industry specialist which supplied forward price decks specifically for Bauxite Hill' bauxite product specification. Wave Engineering a highly experienced engineering firm which was involved in the initial construction of the Bauxite Hills mine and previous feasibility studies. The Bauxite Hills Mine has been operating for more than 18 months and has produced over 4.3M WMT of ore for sales to various Chinese refineries. This operating and sales experience has enabled Metro to improve the efficiency of the operation, build customer base in China and determine the optimum way to maximise long-term returns from the project. Stage 2 is an integral part of this strategy. Capital expenditure estimates have been undertaken to an accuracy of ±10% and a 10% contingency has been applied across all costs. The table below details total expansion capital expenditure.