Metro Mining Updates Bauxite Hills Mine Reserves and Resources

Metro Mining Limited ( (AU:MMI) ) just unveiled an announcement.

Metro Mining Limited has released an update on its JORC Ore Reserve and Resource estimates for the Bauxite Hills Mine, reflecting mining activities during 2024. The update shows no new reserves or resources added due to a lack of exploration activities. The total ore reserves stand at 77.7 million wet tonnes with an alumina content of 49.8% and silica content of 13.3%, while total resources are estimated at 114.4 million dry tonnes with an alumina content of 48.8% and silica content of 14.2%. This update indicates a stable reserve and resource base, which is crucial for the company’s ongoing operations and its ability to meet market demands.

The most recent analyst rating on (AU:MMI) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Metro Mining Limited stock, see the AU:MMI Stock Forecast page.

More about Metro Mining Limited

Metro Mining Limited operates in the mining industry, focusing on the extraction and production of bauxite. The company’s primary product is bauxite ore, which is a key raw material for aluminum production. Metro Mining’s market focus is on supplying bauxite to the global aluminum industry.

Average Trading Volume: 11,208,915

Technical Sentiment Signal: Hold

Current Market Cap: A$292.4M

For an in-depth examination of MMI stock, go to TipRanks’ Stock Analysis page.