MMI 3.57% 4.4¢ metro mining limited

Record Q2 Shipments; Expansion Ramping UpKEY HIGHLIGHTS• Record...

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    Record Q2 Shipments; Expansion Ramping Up
    KEY HIGHLIGHTS
    • Record Q2 shipments of 1.42 Million WMT, 12% up year on year
    • Expansion components commissioned during the quarter, integrating and starting to hit
    planned rates
    o Offshore Floating Terminal, Ikamba, mobilised to site and ramping up for 8 weeks,
    o New wobbler screen circuit commissioned and operational for 6 weeks,
    o Barge and tow tug fleet in place, further off-shore assist tug arriving August.
    Metro Mining Limited (ASX:MMI) (‘Metro’, the ‘Company’) is pleased to announce that it has
    established a new calendar second quarter shipment record of 1.42 Million WMT, 12% up on Q2
    2023, with 1.50 Million WMT year to date. Q2 2024 has also effectively been the “commissioning
    quarter” for the new 7 Million WMT pa expansion project.
    As an expansion update, the final components of the expansion have entered operation during
    the quarter:
    • OFT Ikamba commenced operations 28 April. 6 weeks commissioning at 50%
 
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