Post by Metro Mining Ltd (ASX:MMI)

Metro Mining Ltd (ASX:MMI) is pleased to publish its quarterly activities report for the period ending 31 March 2026. We delivered an early operational restart in March, achieving 100k WMT shipped despite extended wet season conditions and disruption from Tropical Cyclone Narelle. Maintenance across mining and marine assets was completed as planned, with the Ikamba Offshore Floating Terminal finalising dry dock works and returning to operations. The quarter reflects our seasonal shutdown cycle, with cash at A$9.6M. Focus remains on execution discipline, cost efficiency and progressing toward cash neutrality, with FY2026 shipment guidance of 6.6–7.1Mt WMT maintained. Managing Director Simon Wensley commented: “First quarter 2026 saw an intense and focused maintenance upgrade program across our site and marine assets, which was delivered in time for our earliest ever operational restart, a strategic step on our way to Q1 cash neutrality. Ikamba has completed its significant dry-docking maintenance program on time and budget and is close to re-entering operations. I’d like to pay tribute to the site mining and marine teams, contractors and support groups who planned and then safely and efficiently executed our cyclone preparation process. With continuing Middle East hostilities, the outlook is uncertain, however, with aluminium in high demand, it again emphasises the value for our customers of having a near-to-market source of high-grade raw material in a low-risk sovereign jurisdiction. We continue to implement risk management activities in the same vein as the last few years.” Download Quarterly Activities Report here: https://bit.ly/48tJG3L #ASX $MMI #resources #bauxite #aluminium #energy #EV