Brief: Metro Mining Announces MoU For Additional Offtake

Metro Mining

07/03/2023 01:37

March 7 (Reuters) - Metro Mining Ltd  MMI.AX :
    * REMOBILISES OPERATIONS INTO FIRM BAUXITE MARKET AND
ANNOUNCES
MOU FOR ADDITIONAL OFFTAKE
    * SEE PRICES FOR AUSTRALIAN BAUXITE TO CONTINUE TO RISE
THROUGH
YEAR
    * REMOBILISING PRODUCTION AND SERVICES TEAM BACK TO SITE
FROM NEXT
WEEK
    * SIGNED MOU WITH THIRD BASE LOAD CUSTOMER FOR OFFTAKE
COMMENCING
IN 2024 AND RAMPING UP IN 2025 TO 2 MT PER ANNUM
    * AGREED OFFTAKE AGREEMENTS FOR UP TO 5 MT FOR 2023; SECURED
Q2
'23 PRICE OUTCOMES ABOUT 30% HIGHER THAN CY 2022

Source text for Eikon:  ID:nASX8R4y0m 
Further company coverage:  MMI.AX 

 ((Reuters.Briefs@thomsonreuters.com;))