Stock Exchange Listing: ASX:MMI
Market Cap: $96.5 million
Stage of Production: Developer
Metro Mining Limited is a Brisbane based Australian exploration and mining company.
Metro’s Bauxite Hills Mine, with a 96.5 million tonne Direct Shipping Ore Reserve, is set to become one of the largest independent projects within the internationally acclaimed Weipa Bauxite Region. Metro’s bauxite tenements cover 2,505 square kilometres.
Mine Construction commences April 2017 with mining operations scheduled Q2, 2018.
Plans & Latest Developments:
Metro Mining’s flagship the “Bauxite Hills Mine” is one of the largest independent operations within the world renowned Weipa bauxite province on Queensland’s Cape York Peninsula. Metro’s total Cape York tenement package covers 2,505sq kms.
The Bauxite Hills Mine emerged from combining Metro’s Bauxite Hills Project with Gulf Alumina’s neighbouring Skardon River Bauxite Project. Metro took over Gulf Alumina December 2016 and more than doubled their (DSO) Direct Shipping Ore Reserve to 96.5Mt.
The Bauxite Hills Mine creates a significant long life, low capital cost, high margin Australian bauxite project with a capital cost of $40M and a payback period of less than 2 years. Construction is due to commence second half 2017 with basic infrastructure including airstrip, haul roads and port location already in place. Production is scheduled to commence 2018.
Board of Directors:
- Chair – Stephen Everett
- Managing Director – Simon Finnis
- Director – Philip Hennessy
- Director – Mark Sawyer
- Director – Jijun Liu
- Director – Dongping Wang
- Director – George Lloyd
- Director – Lindsay Ward
- MD & CEO – Simon Finnis
- GM Manager Marketing – Norman Ting
- Company Secretary – Scott Waddell
- Project Director – Michael O’Brien
- GM Bauxite Hills – Charles Easton
Why should investors invest in you?
Metro is seeking to connect with investors, financiers and other parties interested in investment in bauxite for a near term producing asset.
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