Metro Mining (ASX:$MMI) Operational Update

Metro Mining Limited (ASX:MMI) has announced a record operational performance, with 4.51 million Wet Metric Tonnes (WMT) of bauxite produced and shipped to customers since April 2023. The company achieved the lower end of its sales guidance for the 2023 operating season. However, temporary suspension of transhipping activities has been necessitated due to the impact of Tropical Cyclone Jasper in North Queensland, causing wind and wave effects in the Gulf of Carpentaria.

Executive Commentary

The weather conditions resulting from Tropical Cyclone Jasper have led to the temporary suspension of transhipping activities and the mobilization of the marine fleet into the Skardon River for safety. Mining and screening operations are continuing, and once conditions improve, ship loading will be able to recommence within hours to continue shipping into the first week of January 2024, weather permitting. Further updates will be provided as more information becomes available.

Summary and Outlook

Metro Mining (ASX:MMI) has achieved a record production of bauxite, reaching 4.51 million WMT shipped YTD 2023, meeting the lower end of its sales guidance. The impact of Tropical Cyclone Jasper has necessitated the temporary suspension of transhipping activities, with mining and screening operations continuing. The company aims to resume ship loading once weather conditions improve, with further updates to be provided. Metro Mining's commitment to operational excellence and safety is evident in its proactive measures to ensure the well-being of its personnel and the continuity of its operations amidst adverse weather conditions.