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Metro Mining, Quarterly Activities Report, September 2018

Highlights

- September quarter shipments were 822k Wet Metric Tonnes (WMT), more than double the ore shipped in the June quarter (399k WMT).

- Bauxite was shipped to five different Chinese customers including Metro’s foundation customer Xinfa.

- Metro remains on track to meet its production and shipping guidance of 1.980M – 2.075M (WMT) for 2018 calendar year.

- Sales revenue (gross) of A$43.8M was generated.

- Unit costs averaged A$46/WMT in the September quarter.

- 2018 production is fully sold and negotiations are well advanced to finalise 2019 sales program.

- Metro’s available cash on hand and trade receivables as at 30 September 2018 was A$38.2M. (June Qtr A$30.6M)


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