Media Releases › Metro Mining

Q2 2019 Highlights

• June quarter shipments were 836k Wet Metric Tonnes (WMT)
• 3.5Mt expansion works completed and commissioned
• Shipping levels since mid-June have exceeded 3.5Mtpa rate
• Sales Revenue (gross) of A$48.4M and site EBITDA of A$9.1m was generated
• Average price received of A$57.29/ WMT with an average margin of A$10.89/WMT
• Definitive Feasibility Study (DFS) for Stage 2 expansion to Annual Production of 6.0M WMT by 2021 is well advanced and completion is expected during the current quarter
• Metro’s available cash on hand and receivables as at 30 June 2019 was A$29.5M (March Qtr A$13.2M)
• Metro remains on track to meet its current production and shipping guidance of 3.3-3.5M WMT