MC MINING LIMITED - MC Minings Makhado Steelmaking Coal Project commences with Open Pit Mining

MC Mining’s Makhado Steelmaking Coal Project commences with Open Pit Mining

MC Mining Limited
Previously Coal of Africa Limited
(Incorporated and registered in Australia)
Registration number ABN 008 905 388
ISIN AU000000MCM9
JSE share code: MCZ
ASX/AIM code: MCM

ANNOUNCEMENT                                                                          

15 August 2025


MC MINING'S MAKHADO STEELMAKING COAL PROJECT COMMENCES WITH OPEN PIT MINING

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. Rapid progress
towards coal production is being made on the back of an excellent health and safety record, with zero
lost time injuries since commencement in November 2024, full regulatory compliance and in line with
planned capital expenditure.

JCI Mining (Pty) Ltd, the principal mining contractor, is now established on site and on schedule with
the box-cut development, with a mining fleet consisting of five (5) loading excavators and nineteen
(19) hauling articulated dump trucks, and a workforce compliment now augmented to 122 people.

Enprotec (Pty) Ltd, which is constructing the Coal Plant on a Build-Own-Operate-Transfer contract
basis, has completed civil works and transitioned to erecting structural steel, installing mechanical
equipment and platework.

Key mine infrastructure, including bulk power and water supply, mine access bridge and roads, dirty
water containment are on schedule and in line with scheduled commencement of coal production.

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 advantage over
imports.

Ms. Christine He, the Interim Managing Director and Chief Executive Officer commented:

"South Africa's continued industrialisation relies on ventures like Makhado, that look to support the
country's Steel and Metal Fabrication Master Plan by quantum input cost reductions. Cheaper hard
coking coal, along with iron ore, rail and electricity, are the main levers for producing affordable steel
to compete with the increasingly competitive global market. In bringing Makhado production online,
along with the equally good Greater Soutpansberg Projects nearby, our shareholders stand to benefit
significantly in being the pre-eminent HCC producer in the country, whilst effecting tangible social
upliftment in the wider region and supporting the South African economy".



This announcement has been approved by the Company's Disclosure Committee.

 For more information contact:
 Bill Pavlovski         Company                      Vision Corporate (Pty)              bill.pavlovski@mcmining.co.za
                        Secretary                    Ltd

 BSM Sponsors Proprietary Limited is the nominated JSE Sponsor




About MC Mining Limited:

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

Date: 15-08-2025 11:00:00
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