FNN Investor Event

17 October 2017

1

Investment Highlights

1

Proven Board and Management team focused on shareholder value

2

Fully financed to first production - Construction well progressed

3

Simple DSO project well located in Cape York with significant competitive advantage

4

Compelling economics, high margin, long life mine

5

Transformational growth in China's seaborne bauxite demand driven by fundamentals

6

~60% of production for first 4 years subject to firm Offtake Agreement or Letter of Intent (LOI)

7

Near-term production - set to be a leading independent Cape York bauxite producer

2 | ASX : MMI | Investor Presentation | October 2017

Corporate Snapshot

Capital Structure (Post-Equity Raising)

Share Price (13-Oct-17)

$0.205

Shares on Issue

1,285.5M

Market Cap

$263M

Options Unlisted

11.7M

Cash (30-June-2017 Post Equity)

$51.4M

Debt Facility (drawn & undrawn)

$39.4M

Enterprise Value

$251M

Board of Directors

Chairman

Stephen Everett

Managing Director & CEO

Simon Finnis

Non-Executive Director

Philip Hennessy

Non-Executive Director

George Lloyd

Non-Executive Director

Lindsay Ward

Non-Executive Director

Mark Sawyer

Non-Executive Director

Dongping Wang

Non-Executive Director

Jijun Liu

Share Price

$0.23

$0.21

$0.19

$0.17

$0.15

$0.13

$0.11

$0.09

$0.07

$0.05

BUY (Jul-17)

Target Price: $0.44

BUY (Aug-17)

Target Price: $0.42

Share Register (Post-Equity Raising)

Other Shareholders Greenstone 32%20% 26% 6% 16% DADI Institutions Balanced Property

3 | ASX : MMI | Investor Presentation | October 2017

Proven Management Team

  • Metro's Board & management have collectively been involved in the development and operation of over 30 mines globally
  • Significant bauxite knowledge and expertise, focused on Cape York bauxite operations and product marketing into China
  • Strategy is to develop and operate mines

Simon Finnis | Managing Director & CEO

  • Joined Metro as CEO in early 2015

  • Mining executive with +30 years experience

  • Former CEO of Grande Côte Minerals Sands operations in Senegal and responsible for $650m greenfield project development

Operational

Charles Easton | GM, Bauxite Hills Mine

  • Geologist with +40 years experience

  • Previous GM at Thiess

  • 5 yr at Weipa managing mine planning & refinery performance

    Mike O'Brien | Project Director

  • Mining engineer with +40 years experience

    +25 years Snr management experience Anglo American & Shell

    Colleen Fish | Environmental Manager

  • Environmental scientist with +25 years experience

  • Former Environmental Manager for Peabody, QLD

  • Joined Metro in 2012

    Commercial

    Scott Waddell | CFO & Company Secretary

  • CPA with extensive experience in global bauxite & alumina

  • Past senior roles with Anglo and Rio Tinto Alcan (RTA)

  • Senior roles with Metro since 2010

    Duane Woodbury | Finance & Business Development

  • Banking & finance with +20 years experience

  • Senior roles with Macquarie & CFO of ASX listed Kingsgate

  • Significant equity and debt capital raising experience

    Norman Ting |GM, Marketing Manager

    +30 years bauxite industry & marketing experience

  • Former Chairman Traxys China & Snr Exec of WOGEN UK, HK & China

  • Former Marketing Manager for Comalco (RTA) Bauxite

4 | ASX : MMI | Investor Presentation | August 2017

Metro Mining Limited published this content on 17 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 October 2017 23:54:05 UTC.

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