Metro Mining Limited · ASX:MMI

Metro Mining — 5th Asian Bauxite & Alumina Conference 2015

15 slides from Metro Mining's conference presentation, Oct 22, 2015

  1. Slide 1: 5th Asian Bauxite & Alumina Conference

    For personal use only 5th Asian Bauxite & Alumina Conference October 2015 Bauxite Hills Project – Deliberate Focus ASX : MMI

  2. Slide 2: Corporate Snapshot

    CORPORATE SNAPSHOT For personal use only Shareholders NetWealth MMI MMIShare SharePrice Price (A$) (A$) Investments 5% DADI 16% 0.140 Mr Gregory Other Willims 0.120 47% 6% 0.100 Balanced Property 0.080 XINFA Group 19% 6% 0.060 0.040 Capital Structure 16 October 2015 Share Price 6.5c 0.020 Shares on

  3. 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

  4. Slide 4: Bauxite Hills Overview

    Bauxite Hills Overview For personal use only Well Located in Leading Bauxite Province of Cape York, in Queensland, Australia  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 * ASX

  5. Slide 5: Simple Operation

    Simple Operation Mining For personal use only clear vegetation & remove overburden return overburden & replace 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 ore 10k

  6. Slide 6: Bauxite Hills: High Margin Development Opportunity

    Bauxite Hills 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  Up to 2Mtpa** Direct Shipping

  7. 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

  8. 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

  9. Slide 9: Location | Location | Location

    Location| Location | Location  Cape York’s high quality export grade bauxite with high alumina content and its characteristics For personal use only are well known to Chinese and other international alumina refineries  Located close to international shipping routes with low relative freight costs

  10. Slide 10: 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 a 6 -12month delay is anticipated.  Preferred Right to Negotiate process with Native Title owners progressing well and o

  11. Slide 11: 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 end October 2015  A Scoping Study to determine optimum tonnage is currently underway and will necessitate:  A New Mine Plan;  Review Capital and Operating Costs  Review Opera

  12. Slide 12: Product Quality & Marketing

    Product Quality & Marketing For personal use only Off-take Discussions and Marketing Strategy Progressing Well  Marketability study undertaken by industry consultants CM Group  Bauxite Hills product is suitable for low temperature refining process used in over 80% of China’s current refining capac

  13. Slide 13: Future Opportunities

    Future Opportunities For personal use only Bauxite Tenements in Cape York 1,300sq kilometres of exploration permits in a region well known for its high-quality, export grade bauxite. Reconnaissance Exploration programme planned for H2 2015 Opportunity to Increase production by replicating the Bauxit

  14. Slide 14: Summary

    Summary For personal use only Attractive  Global growth in aluminium consumption Fundamentals  Increasing demand for bauxite in China   Strong price growth forecasted  Focus on DSO quality bauxite Favourable  Western Cape York is known for high-quality export grade bauxite Location  Proposed

  15. Slide 15: Disclaimer

    DISCLAIMER For personal use only 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 projection

Metro Mining — 5th Asian Bauxite & Alumina Conference 2015 on 6ix