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Metro Mining Limited (ASX:MMI)

ALERT: Price-sensitive ASX Announcement for MMI
Current share price for MMI : $1.605 1.538 (2,295.52%)+
Announcement
Release
22 Apr 2026 8:30AM
Price at Release
$0.067
Full Release
download
Summary
Metro Mining Limited announced an update on its Ore Reserves and Mineral Resources for the Bauxite Hills Mine, effective 31 December 2025. The update follows the JORC Code and ASX Listing Rules, detailing 42.1 million tonnes of Proved and 27.5 million tonnes of Probable Ore Reserves, with total Mineral Resources of 107.4 million tonnes. The report discusses the lateritic bauxite composition of the deposit, operational infrastructure, engagement with Traditional Owners, and environmental management. The company emphasizes low operational costs with a straightforward processing approach and highlights confidence in the geological and resource estimation.
Key Points
  • Metro Mining Limited provided an update on its Ore Reserves and Mineral Resources for the Bauxite Hills Mine as of 31 December 2025.
  • The report adheres to the JORC Code and ASX Listing Rules.
  • Ore Reserves for Direct Shipping Ore (DSO) include 42.1 million tonnes of Proved reserves and 27.5 million tonnes of Probable reserves.
  • Mineral Resources include 49.2 million tonnes Measured, 39.1 million tonnes Indicated, and 19.1 million tonnes Inferred, totaling 107.4 million tonnes.
  • No external audits were conducted on the Ore Reserve estimates.
  • The deposit at Bauxite Hills is lateritic bauxite, primarily pisolitic, formed by weathering in a tropical environment.
  • Metro Mining utilizes existing port facilities, haul roads, and a transshipment terminal for operations.
  • The company has agreements with Traditional Owners and engages in rehabilitation as part of environmental management.
  • Metro Mining focuses on maintaining low capital and operational costs with simple processing techniques.
  • Sufficient confidence in geological and grade continuity supports the classification of resources.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.