1
Transformational acquisition of project neighbour Gulf completed December 2016
2
Bauxite fundamentals & price outlook remain strong driven by growing China seaborne demand
3
Simple DSO project well located in Cape York with key freight advantage to China
4
Excellent economics confirmed by 2016 PFS for standalone Metro operation - low capex (~A$40m), high margins with average annual EBITDA of ~A$134m over 13 year LOM*
5
Attractive off-take secured with Xinfa, China's second largest bauxite importer
6
Clear development pathway being accelerated and optimised by proven team
7
Compelling investment proposition with production on track for H1 2018
2
MMI confirms all material assumptions underpinning the production target and corresponding financial information continue to apply & have not materially changed as per Listing Rule 5.19.2.
Logical consolidation creating globally significant reserve base48
Project Locations JORC Reserves (Mt)*
97
48
THA
38.4%
40.4%
39.4%
RxSi
6.4%
6.3%
6.3%
Metro Bauxite Hills Project
3
Gulf Skardon River Project
Combined Bauxite Hills Mine
*For further Reserve and Resource details see appendix.
Combined project has significant synergiesKey Project Attributes
Metro Bauxite Hills Project
Gulf Skardon River Project
Combined Bauxite Hills Mine
Native Title & Land Access
-
Existing Infrastructure
Environmental
Approval Pending
5Mtpa
5Mtpa
5Mtpa
10Mtpa - pending
-
Strategic Investor Support
Off-take -
-
Transhipment Solution
BFS - In progress
4
Metro Mining Limited published this content on 31 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 January 2017 04:39:01 UTC.
Original documenthttp://www.metromining.com.au/media/1645/20170131-investor-update-31-january-2017.pdf
Public permalinkhttp://www.publicnow.com/view/09FE306E10C0E95D2FEC49A052CBB22E181C4E79