Metro Mining Limited · ASX:MMI
Metro Mining — AUSTMINE Smart Networking 2015
18 slides from Metro Mining's conference presentation, Oct 27, 2015
Slide 1: AUSTMINE Smart Networking
For personal use only AUSTMINE Smart Networking October 2015 Diversified Commodities – Deliberate Focus ASX : MMI
Slide 2: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only Shareholders Metro Mining NetWealth Share Price (A$) Investments DADI 5% 16% Mr Gregory Other Willims 47% 6% 0.140 Balanced 0.120 Property XINFA Group 19% 0.100 6% 0.080 Capital Structure 26 October 2015 0.060 Share Price 7.1c 0.040 Shares on Issue 358.5m 0.0
Slide 3: Metro Mining – Our Portfolio
METRO MINING – OUR PORTFOLIO For personal use only Commodities in the Portfolio include Bauxite & Coal DSO Bauxite Resources in Cape York – 53.6 Million tonnes1 (Measured Indicated & Inferred) Thermal Coal Resources in Surat Basin – 4.5 Billion tonnes2 1. ASX Release 2 June 2015 | 2. Refer ASX Relea
Slide 4: Bauxite Hills Overview
BauxiteHeading Hills Overview Well Located in Leading Bauxite Province of Cape York, in Queensland, Australia For personal use only Reserves of 48.2Mt* 50.2% total Al2O3 38.4% THA 6.4% RxSi Product quality comparable to Weipa Nearby existing infrastructure Positive community engagement
Slide 5: Simple Operation
Simple Operation Heading Mining For personal use only Clear vegetation & return overburden & replace remove overburden topsoil - then revegetate strip mine bauxite Overburden (~0.5m) DSO Bauxite Horizon (~1.75m) Ironstone Mottled Zone Transportation Haul ore 5-10km to stockpile & barge loading Barge
Slide 6: Bauxite Hills – Ticking all the Boxes
Bauxite Hills Heading – Ticking all the Boxes For personal use only High Margin Development Opportunity Simple Construction and operation Low CAPEX and OPEX PFS demonstrates robust economics with post-tax NPV 15% of A$197 M and 88% IRR* 27 years** mine life following recent Reserve increase
Slide 7: Pre-Feasibility Study – Key Outcomes
Pre-Feasibility Study – Key Outcomes For personal use only Completed in February 2015 – Simple Operation & Robust Economics Operational Metrics Financial Metrics** (Real) Production Rate Up 2 Mtpa* DSO NPV (15%) after tax A$197m Strip Ratio (waste to ore) 1:10 IRR (100% Equity) 88% Mine Life 27 year
Slide 8: Pre-Feasibility Study – CAPEX & OPEX
Pre-Feasibility Study – CAPEX & OPEX For personal use only Low CAPEX & Competitive OPEX* Capital Expenditure (A$m) Operational Expenditure (A$/t) Mine Access (Haul Road) 2.8 Mining Cost to ROM stockpile 3.0 Mine & Barge Loading Infrastructure 10.6 Crush, Load and Barge costs 10.5 Mine Camp & Airport
Slide 9: Price Outlook
Price Outlook Global growth in aluminium consumption led by China is Will be updated in Definitive Feasibility Study Latest For personal use only forecasted to drive bauxite prices CBIX update shows pricing is increasing again Metro Mining’s bauxite price forecasts are based on independent r
Slide 10: Forecast of China Bauxite Imports
Forecast of China Bauxite Imports For personal use only China imported 120.0 22.7 Mt of bauxite in first half of 2015. 100.0 Approx 75% of Shanxi imports are low temp bauxite 80.0 Inner Mongolia Indonesian bauxite Million Tonne Henan 60.0 Guizhou ban still in place Malaysia could export Chongq
Slide 11: Location | Location | Location
Location| Location | Location Cape York’s high quality export grade bauxite with high alumina content and its characteristics are For personal use only well known to Chinese and other international alumina refineries Located close to international shipping routes with low relative freight costs
Slide 12: Permitting Pathway
Permitting Pathway For personal use only Continued positive local community engagement DEHP confirmed an EIS is required. The absolute cost is and support being evaluated and the revised production timing. Preferred Right to Negotiate process with Native Metro will now maximise the opportuni
Slide 13: A New Way Forward
A New Way Forward For personal use only Definitive Feasibility Study (DFS), for 2Mtpa mine, to be release to the market early Nov 2015 A Scoping Study to determine optimum tonnage is currently underway and will necessitate: A New Mine Plan; Review Capital and Operating Costs Review Operati
Slide 14: Product Quality & Marketing
Product Quality & Marketing Heading For personal use only Off-take Discussions and Marketing Strategy Progressing Well Marketability study undertaken by industry consultants CM Group Bauxite Hills is product suitable for low temperature refining process used in over 80% of China’s current refini
Slide 15: Future Opportunities
Future Opportunities Heading For personal use only Bauxite Tenements in Cape York 1,300sq kilometres of exploration permits in a region well Body copy known for its high-quality, export grade bauxite. Reconnaissance Exploration programme undertaken in 2015 Opportunity to Increase production by repli
Slide 16: Summary
Summary Heading For personal use only Attractive Fundamentals Global growth in aluminium consumption Increasing demand for bauxite in China Strong price growth forecasted Focus on DSO quality bauxite Favourable Location Western Cape York is known for high-quality export grade bauxite P
Slide 17: Corporate & Contact Details
CORPORATE & CONTACT DETAILS For personal use only EXECUTIVE MANAGEMENT TEAM Mr Simon Finnis | Chief Executive Officer Mr Scott Waddell | CFO & Company Sec Mr Mike O’Brien | Project Director REGISTERED OFFICE AND HEAD OFFICE Level 8, 300 Adelaide St, Brisbane Q 4000 PO Box 10955, Adelaide St, Brisban
Slide 18: Disclaimer
DISCLAIMER Statements and material contained in this Presentation, particularly those regarding possible or assumed future performance, production levels or rates, commodity prices, resources or potential growth of Metro Mining Limited, industry growth or other trend projections are, or may be, forw