• Total 2024 shipments of 5.7 million WMT, an annual record and 24% above 2023
• Record shipments for December of 0.48 million WMT, 53% above December 2023
• Ikamba demonstrated operational resilience during adverse weather conditions in December

Metro Mining Limited (ASX:MMI) has announced that the Bauxite Hills Mine has demonstrated its capacity to consistently operate at, and at times above, the expansion project target rate of 7.0 million WMT/per annum. Total shipments during 2024, a commissioning and ramp-up year, totaled 5.7 million WMT, an annual record and 24% above the previous calendar year. While on track in November, worse than expected weather conditions in December forced the cancellation of the last cape vessel in the shipping schedule, affecting the company's ability to meet shipment guidance for 2024. However, December shipments were still a record 0.48 million WMT, taking Q4 total shipments to 2.1 million WMT, with a further 0.1 million WMT loaded in the first 5 days of January 2025. Pleasingly, during the period of adverse weather, the offshore floating terminal, Ikamba, demonstrated good operational resilience, remaining offshore and able to safely take advantage of loading windows. Metro has also announced a new multi-cargo offtake contract for 2025 with Emirates Global Aluminium (EGA) shipping to its high temperature alumina refinery in Abu Dhabi.

The target shipment range for the calendar year 2025 is 6.5 to 7.0 million WMT.