Metro Mining Limited · ASX:MMI
Metro Mining — Melbourne Mining Club - Cutting Edge Series (September 2015)
18 slides from Metro Mining's conference presentation, Sep 15, 2015
Slide 1: Melbourne Mining Club - Cutting Edge
For personal use only Melbourne Mining Club - Cutting Edge 15 September 2015 Diversified Commodities – Deliberate Focus ASX : MMI
Slide 2: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only Capital Structure Shareholders Funding 9 September 2015 Share Price 8.1c NetWealth Metro Mining has just Investments DADI completed a successful Shares on Issue 358.5m 5% 17% A$5.6 Million fundraising Market Cap A$29.0m Mr Gregory comprising a A$2.0 Million O
Slide 3: 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 4: 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 5: 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 6: Pre-Feasibility Study – Key Outcomes
Pre-Feasibility Heading Study – Key Outcomes For personal use only Completed in February 2015 – Simple Operation & Robust Economics Financial Metrics** (Real) NPV (15%) after tax A$197m IRR (100% Equity) 88% Construction Capex A$27.4m Sustaining Capex (LOM) A$18.1m Operational Metrics Production Rat
Slide 7: Pre-Feasibility Study – CAPEX & OPEX
Pre-Feasibility Heading Study – CAPEX & OPEX For personal use only Low CAPEX & OPEX* Capital Expenditure (A$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 5.0
Slide 8: Demand Driven Price Growth
Demand Driven Price Growth Heading For personal use only Bauxite has experienced strong price growth in the past decade, growing at ~8% pa Price growth has been further supported by the Indonesian ban on raw material export in early 2014, resulting in Body copy demand outstripping supply $70 Ave
Slide 9: Price Outlook
Price Outlook Heading For personal use only Global growth in aluminium consumption led by Metro Mining’s bauxite price forecasts are based on China is forecasted to drive bauxite prices independent research by CM Group Body copy Will be updated in Definitive Feasibility Study Forecast Bauxite
Slide 10: Forecast of China Bauxite Imports
Forecast of China Bauxite Imports Heading For personal use only 120.0 China imported 22.7 Body copy million tonnes of bauxite in first half of 2015. Approx 100.0 75% of imports are low temp bauxite 80.0 Shanxi Indonesian bauxite ban Inner Mongolia still in place Malaysia could export up Millio
Slide 11: Location
Location| Location Heading | Location For personal use only Cape York’s high quality export grade bauxite with high alumina content and its characteristics are well known to Chinese and other international alumina refineries Body Located close to copy international shipping routes with low relat
Slide 12: Permitting
Permitting Heading For personal use only Permitting Pathway Body copy Previous mining region Outside any environmental exclusion zone Minimal environmental impact Positive local community engagement and support Preferred Right to Negotiate process with Native Title owners underway and set
Slide 13: Development Timeline
Simple Operation Heading For personal use only Completed Resource Estimate: 47Mt In question - recent DEHP Completed PFS Feb 2015 and Resource increased to 61.5 Mt advice may cause delay Lodge Documents Draft EA Approval Fully Funded First Shipment DFS Results Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Definitive Feas
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. Comprehensive Exploration programme planned for H2 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 ISSUED CAPITAL (9 September 2015) EXECUTIVE MANAGEMENT TEAM Shares issued | 358.5 million Mr Simon Finnis | Chief Executive Officer Unlisted employee and Mr Scott Waddell | CFO & Company Sec Directors’ Options | 10.7 million Mr Mike O’Brien | Project
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
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