Metro Mining (ASX: $MMI) commences 2024 production season

Metro Mining Limited (ASX: $MMI) has announced the commencement of remobilising production, services, and contractor teams back to Bauxite Hills Mine for the 2024 production season. The company has resumed mining operations and expects ship loading to commence on 26 March. Additionally, the construction of the new wobbler screen circuit and Offshore Floating Terminal, Ikamba, is progressing, with an anticipated commissioning by mid-April. Metro Mining aims to gradually restart operations over the coming days to ensure safe operability and plans to resume full operations by the beginning of April.

Executive Commentary on 2024 Production Season Commencement

There is a very positive energy from the Metro team in a year where we intend to fulfil the potential of an expanded Bauxite Hills Mine. We have had an excellent retention in staff and it's exciting to be embarking on the final stages of our 7 million tonnes per annum expansion through Q2 this year.

Summary of 2024 Production Season Commencement

Metro Mining (ASX: $MMI) has initiated the remobilisation of production and services for the 2024 production season at Bauxite Hills Mine. The company has completed wet season maintenance and expects the commissioning of new facilities by mid-April, signaling a step up in operating rates. With a production and shipment guidance of 6.3 to 6.8 million wet metric tonnes for 2024, Metro Mining is fully underpinned by firm off-take contracts. The bauxite market remains robust, with negotiations for contracts with open pricing in Q2 expected to follow market trends and increase by approximately 20% versus Q4 2023. CEO & MD, Simon Wensley, expressed optimism for the year and the company's expansion plans. Metro Mining's focus on safe operability and gradual restart of operations reflects its commitment to efficient and sustainable production.