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Metro Mining’s Simon Finnis talks bauxite at Proactive's Spotlight CEO Sessions

Metro Mining MD Simon Finnis will highlight his company’s rapidly developing bauxite portfolio at Proactive's Spotlight CEO Sessions in Sydney on Tuesday 2nd February, and Melbourne on Wednesday 3rd February. Seats filling fast - register today!
Metro Mining’s Simon Finnis talks bauxite at Proactive's Spotlight CEO Sessions

Metro Mining (ASX:MMI) has outlined a significantly stronger operating scenario for its Bauxite Hills project in Queensland with double the production output and a 148% increase in net present value (NPV).

The project is now being contemplated as producing 4 million tonnes per annum of bauxite by employing a 24-hour operational regime.

This is expected to deliver substantial economies of scale and underpins an increase in NPV from A$235 million in a previous Definitive Feasibility Study (DFS) to A$582 million

IRR improved about 5% to 156%, with average annual EBITDA estimated at A$134 million and profit after tax coming in at $92 million.

By comparison, after-tax net profit under the 2 million tonnes per annum scenario contemplated after-tax net profit at $37.3 million a year.

These improved metrics are expected to be realised for only a modest increase in capital costs, with initial capex now tipped at $40.1 million versus a prior estimate of $33.9 million.

MEET MD Simon Finnis at Proactive's Spotlight CEO Sessions in Sydney and Melbourne in February 2016

Sydney Investor Luncheon, Tuesday, 2nd February.

Melbourne Investor Luncheon, Wednesday, 3rd February.

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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