Equity Raising Investor Presentation 24 February 2017 Important - PowerPoint PPT Presentation

Equity Raising Investor Presentation 24 February 2017

Important Information No reliance Competent Person Statement To the maximum extent permitted by law, the information contained in this presentation is given without any The information in this presentation that relates to Gulf ’s Ore Reserves is based on information compiled by liability whatsoever being accepted by Metro Mining Limited ( Metro ) or any of its related bodies corporate John Wyche of Australian Mine Design & Development (AMDAD), a Competent Person who is a Member of or their respective directors, officers, partners, employees, advisors and agents ( Relevant Parties ). The the Australasian Institute of Mining and Metallurgy. John Wyche is a full-time employee of AMDAD. John information contained in this presentation is not intended to constitute legal, tax or accounting advice or Wyche has sufficient experience that is relevant to the style of mineralization, type of deposit under opinion. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or consideration and to the activity being undertaken to qualify as a Competent Person as defined in the JORC thoroughness of the information, whether as to the past or future. Recipients of the document must make Code. John Wyche consents to the inclusion in this presentation of the matters based on his information in their own independent investigations, consideration and evaluation. the form and context in which it appears. Limited disclosure Competent Person Statement This presentation contains summary information about Metro and its activities which is current at the date of The information in this presentation that relates to Metro Reserves is based on information compiled by MEC this presentation. The information in this presentation is of a general nature. The presentation does not Mining and reviewed by Edward Bolton, a Competent Person who is a Member of the Australasian Institute of purport to contain all the information that a prospective investor may require in evaluating a possible Mining and Metallurgy. Edward Bolton is a full-time employee of MEC Mining Pty Ltd. Edward Bolton has investment in Metro nor does it contain all the information which would be required in a disclosure sufficient experience that is relevant to the style of mineralization, type of deposit under consideration and to document prepared in accordance with the requirements of the Corporations Act 2001 (Cth) and should the activity being undertaken to qualify as a Competent Person as defined in the JORC Code. Edward not be used in isolation as a basis to invest in Metro. It should be read in conjunction with Metro’s other Bolton consents to the inclusion in this presentation of the matters based on his information in the form and periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which context in which it appears. are available at www.asx.com.au. Cautionary note regarding reserves and resources Seek your own advice You should be aware that as an Australian company with securities listed on the ASX, Metro is required to In providing this presentation, Metro has not considered the objectives, financial position or needs of the report reserves and resources in accordance with the JORC Code. You should note that while Metro’s recipient. The recipient should consult with its own legal, tax or accounting advisers as to the accuracy and reserve and resource estimates comply with the JORC Code, they may not comply with the relevant application of the information contained herein, and conduct its own due diligence and other enquiries in guidelines in other countries and, in particular, do not comply with Industry Guide 7, which governs disclosures of mineral reserves in registration statements filed with the US Securities and Exchange relation to such information and any investment in Metro and the recipient’s objectives, financial position or needs. Commission. Information contained in this presentation describing Metro’s mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure No offer to acquire Metro shares requirements of US securities laws. In particular, Industry Guide 7 does not recognise classifications other than The information in this presentation is not an offer or recommendation to purchase or subscribe for securities proven and probable reserves and, as a result, the SEC generally does not permit mining companies to disclose their mineral resources in SEC filings. You should not assume that quantities reported as ‘resources’ in Metro in any jurisdiction in which it would be unlawful. The distribution of this presentation in jurisdictions outside of Australia and New Zealand may be restricted by law and you should observe any such will be converted to reserves under the JORC Code or any other reporting regime or that Metro will be able restrictions. See the ‘Foreign Selling Restrictions’ section of this presentation for more information. In to legally and economically extract them. particular, this presentation does not constitute any part of any offer to sell, or the solicitation of an offer to buy, any securities in the United States or to, or for the account or benefit of, any person in the United States. Forward-looking statements Statements and material contained in this presentation, particularly those regarding possible or assumed Metro securities have not been, and will not be, registered under the US Securities Act of 1933 ( US Securities Act ) or the securities laws of any state or other jurisdiction of the United States, and may not be offered or future performance, production levels or rates, commodity prices, resources or potential growth of Metro, sold in the United States except in transactions exempt from, or not subject to, the registration requirements industry growth or other trend projections are, or may be, forward looking statements. Such statements of the US Securities Act and applicable US state securities laws. relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Graphs used in the presentation (including data used in the graphs) are sourced from third parties and Metro has not independently verified the information. Metro is at an early development stage and while it does not Competent Person Statement The information in this presentation that relates to Gulf Alumina Limited’s ( Gulf ) Mineral Resources is based currently have an operating bauxite mine it is taking early and preliminary steps (such as but not limited to on information compiled by Jeff Randall of Geos Mining, a consultancy group contracted by Metro Mining Prefeasibility studies etc.) that are intended to ultimately result in the building and construction of an Limited. Mr Randell is a Member of the Australian Institute of Geoscientists (MAIG), a Registered Professional operating mine at its project areas. Although reasonable care has been taken to ensure that the facts Geoscientist (Rage) and has sufficient experience that is relevant to the style of mineralisation and type of stated in this Presentation are accurate and or that the opinions expressed are fair and reasonable, no reliance can be placed for any purpose whatsoever on the information contained in this document or on its deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources completeness. Actual results and developments may differ materially from those expressed or implied by and Ore Reserves’ ( JORC Code ). Mr Randell consents to the inclusion in this presentation of the matters these forward looking statements depending on a variety of factors. Nothing in this Presentation should be based on information in the form and context in which it appears. construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction. Currency Competent Person Statement The information in this presentation that relates to Metro is based on information compiled by Neil McLean All references to ‘$’ are to Australian currency ( AUD) unless otherwise noted. who is a consultant of Metro Mining Limited. Mr McLean is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM) and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the JORC Code. Mr McLean consents to the inclusion in this presentation of the matters based 2 on information in the form and context in which it appears.