METRO MINING LIMITED — Capital/Financing Update 2019

Aug 5, 2019

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Bauxite Hills July Production Results

Metro Mining (ASX: MMI) is pleased to provide production and shipping results for the month of July.

Bauxite Hills Production Results	Bauxite Hills Production Results	Bauxite Hills Production Results	Bauxite Hills Production Results
Period	April*	May		June	July	YTD
Bauxite Mined (WMT) (‘000)	124	329		427	443	1,323
Bauxite Shipped (WMT) (‘000)	151	311		374	463	1,299
Bauxite Mined (WMT per day)	6,249	10,601		14,231	14,290	n/a
Bauxite Shipped (WMT per day)	8,401	10,034		12,467	14,935	n/a

*NB: April was a partial month due to Cyclone Trevor and ship loading commenced 13 April 2019

July saw Bauxite Hills deliver monthly records for mining and shipping, with Metro realising the production benefits expected from the capital investment made over the wet season.

The Bauxite Hills Mine team have built on the June quarter results and the operation is now performing at high levels.

Metro Mining Managing Director and Chief Executive Officer, Mr Simon Finnis, said:

“The mining and shipping results are certainly very pleasing and are clearly reflective of the dedication and hard work of the entire on–site team.

We are still trending upwards as our team gains experience with our operation, and the improved work systems have enhanced our productivity.

Metro is confident of maintaining these levels throughout the year and remains on track to meet production and shipping guidance of 3.3-3.5M WMT”.

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ASX: MMI | ACN 117 763 443

Further Info: P : +61 (0) 7 3009 8000 | E : info@metromining.com.au |W: www.metromining.com.au

Contact: Simon Finnis, Managing Director & CEO | Mitchell Petrie, Company Secretary Duane Woodbury , CFO Address: Level 2, 247 Adelaide St, Brisbane | GPO Box 10955, Brisbane Q 4000

FORWARD LOOKING STATEMENT Statements & material contained in this ASX Release, particularly those regarding possible or assumed future performance, production levels or rates, commodity prices, resources or potential growth of Metro Mining, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events & expectations and, as such, involve known and unknown risks & uncertainties. Although reasonable care has been taken to ensure facts stated in this Release are accurate and/or that the opinions expressed are fair & reasonable, no reliance can be placed for any purpose whatsoever on the information contained in this document or on its completeness. Actual results & developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors. Nothing in this Release should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction.

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ASX Announcement | 06 August 2018 | Page 1