MC Mining Advances Makhado Project Despite 26% Coal Production Drop

• 26% decline in Uitkomst Colliery coal production due to geological and equipment challenges
• Sales of high-grade coal fell significantly to 61,195 tonnes from 102,266 tonnes year-on-year
• Makhado Project development progresses with early works and long-lead equipment orders
• Available cash and facilities dropped to US$4 million from US$10.8 million in prior quarter