New South Africa HCC mine begins production

MC Mining Limited (MC Mining or the Company) is pleased to announce commencement of open pit

mining at its flagship project, the Makhado steelmaking hard coking coal Project, in the Limpopo

Province of South Africa (Makhado Project). An associated Coal Handling and Preparation Plant (Coal Plant) is under construction and on schedule for commissioning by year-end 2025.

Run of mine (ROM) production will initially come from the East Pit, with a strike length of 5.5km, at a width of 400m. Steady-state ROM production is planned at 4 million tonnes per annum, resulting in sales of 880,000 tonnes a year of primary hard coking coal (HCC) product, over a 14-year pit life. The Central and West Pits will extend the mine life to 28 years. Initial HCC production is earmarked for the domestic steel industry, where Makhado coal will have a substantial logistics cost advan