MC MINING LIMITED - Audited Financial Results for the year ended 30 June 2019

Audited Financial Results for the year ended 30 June 2019

MC Mining Limited
(Incorporated and registered in Australia)
Registration number ABN 98 008 905 388
ISIN: AU000000MCM9
JSE share code: MCZ ASX/AIM code: MCM
(“MC Mining” or “the Company”)

All amounts are in US Dollars unless otherwise stated

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2019

Salient features

Revenue decreased by 19% to $26.4 million from $32.7 million in the prior corresponding period.

Operating loss before interest decreased by 69% to $28.9 million from the $94.6 million in the prior
corresponding period.

Loss per share from continuing operations and discontinued operations decreased by 67% to 23.72
cents per share, from 71.99 cents per share in the prior corresponding period.

Headline loss per share decreased by 27% to 8.82 cents per share from 12.12 cents per share in the
prior corresponding period.

Net asset value decreased by 23% to $132.1 million from 170.7 million in the prior corresponding
period.

No dividend was declared for the year ended 30 June 2019 (FY2018: Nil)

Attention is drawn to the disclosure in the annual financial statements on the going concern
assumptions.

Regulatory requirements


This short form announcement, which is the responsibility of MC Mining's directors, is only a
summary of information in the full announcement and does not contain full or complete details. Any
investment decisions by shareholders and/or investors should be based on consideration of the full
announcement.

The full announcement can be found at:
https://senspdf.jse.co.za/documents/2019/JSE/ISSE/MCZE/FY2019.pdf.

The full announcement is also available for viewing on the company's website at
http://www.mcmining.co.za/component/jdownloads/send/88-2019/1487-audited-financial-results-
for-the-year-ended-30-june-2019 or a copy may be requested in person, at the company's registered
office or the office of the sponsor, at no charge, during office hours. Copies of the full
announcement may also be requested from the Company’s group investor relations
at investor@mcmining.co.za.
The information in this announcement has been extracted from the audited Group financial results
for the year ended 30 June 2019, but the short-form announcement itself has not been reviewed by
the Company's auditors.

About MC Mining Limited:



MC Mining is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. MC
Mining’s key projects include the Uitkomst Colliery (metallurgical coal), Makhado Project (coking and thermal coal). Vele
Colliery (coking and thermal coal), and the Greater Soutpansberg Projects (coking and thermal coal).

Sponsor
Investec Bank Limited

30 September 2019

Date: 30/09/2019 09:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.