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Metro Mining Ltd

Metro Mining to outline bauxite expansion plans during Proactive CEO Sessions

The company's managing director Simon Finnis will speak to investors in Sydney and Melbourne.

Bauxite samples
Bauxite mined at the Bauxite Hills project in Far North Queensland

Metro Mining Ltd (ASX:MMI) will outline its bauxite production expansion plans to investors during next month’s Proactive CEO Sessions.

Managing director Simon Finnis will explain how the company is transitioning to owner-operator status at the Bauxite Hills project in Far North Queensland.

Simon Finnis.

READ: Metro Mining plans to lift production by 17% at Bauxite Hills project

This comes as the company aims to expand bauxite production by 17% this year to an annual rate of 3.5 million wet metric tonnes (wmt).

Finnis will address the CEO Session in Sydney on Monday, April 8 and in Melbourne the following day, April 9.

Production is due to recommence at the project as soon as the wet season ends.

During the break, the company has focused on planned maintenance as well as completing preparatory work for the expansion and upgrading program.

READ: Metro Mining due to recommence bauxite mining in mid to late March

Upon resumption of mining, Metro intends is to build significant stockpiles of screened and unscreened material before transhipping operations resume.

Loading of the first ocean-going vessel in 2019 is planned for mid-April.

While delivering its near-term expansion, the company is also progressing well with refreshing the definitive feasibility study (DFS) for the stage II expansion at Bauxite Hills to 6 million tonnes per annum.

This updated DFS is expected to be delivered in the June quarter.

The company is also expecting assay results for the exploration program completed in the second half of 2018 around the project area. There were 221 holes completed for 893 metres.

Register for the CEO Sessions today

Sydney details, Tuesday, April 9, 2019

Melbourne details, Wednesday, April 10, 2019

Also featuring at both sessions will be Elementos Limited (ASX:ELT) and ioneer Ltd (ASX:INR).

Quick facts: Metro Mining Ltd

Price: $0.13

Market: ASX
Market Cap: $176.57 m
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Metro Mining lifts production guidance for 2019 by 17%, Stage 2 DFS update...

Metro Mining Ltd (ASX:MMI) managing director & CEO Simon Finnis updates Proactive Investors on quarterly results, with a focus on increasing production levels from the Bauxite Hills Mine in northern Queensland, Australia. The company is currently working on an updated definitive...

on 8/2/19

2 min read