Guidance Update

• Updated 2026 bauxite shipment guidance to 6.0 to 6.5 million Wet Metric Tonnes
• Reflects below-plan performance in September
• Mitigation initiatives underway to improve productivity and shipments

Metro Mining Ltd (ASX: MMI) has updated its annual bauxite shipment guidance for 2026, setting the range at 6.0 to 6.5 million Wet Metric Tonnes. This update follows below-plan performance in September, as detailed in the announcement on 12 October 2026. The revised guidance considers the progress of ongoing mitigation initiatives and constraints such as weather conditions. Metro Mining is bolstering productivity and equipment utilization through retention measures, increased recruitment, and temporary labor hire. The company is also taking advantage of safe loading windows to maximize shipments before the planned maintenance shutdown in February.

2026 bauxite shipment guidance of 6.0 to 6.5 million Wet Metric Tonnes

Metro Mining is optimistic about the Asian bauxite industry structure and remains focused on executing its strategy to deliver at the lowest cost into the market.