MC MINING LIMITED - Resignation of Independent Non-Executive Chairman

Resignation of Independent Non-Executive Chairman

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                                                                        

25 April 2024

RESIGNATION OF INDEPENDENT NON-EXECUTIVE CHAIRMAN

MC Mining Limited (MC Mining or the Company) announces that Mr Nhlanhla Nene will step down as
Director and Chairman of the Board, effective today, 25 April 2024. Mr Nene joined the Company on
11 April 2022, initially serving as a Non-Executive Director and then as Chairman from 28 April 2022.


At the time of his appointment, MC Mining was facing challenging operating and funding conditions
following the COVID-19 pandemic. The Company subsequently completed a fully underwritten rights
issue in November 2022, facilitating the revitalization of the Makhado steelmaking hard coking coal
project and a revision of its development strategy, significantly enhancing the value of the project for
all stakeholders.


Managing Director and Chief Executive Officer, Godfrey Gomwe, said: "MC Mining and the board
express their sincere appreciation to Mr Nene for his role in advancing the Company and its
steelmaking coal assets. MC Mining is now on a more stable footing with clear development plans for
its large coal resource base and we wish him every success in his future endeavors."


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

       For more information contact:
       Tony Bevan                 Company                   Endeavour Corporate            +61 42
                                  Secretary                 Services                       1072 165
       Company advisers:
       Richard Johnson /          Nominated                 Strand Hanson Limited          +44 20
       Rob Patrick                Adviser                                                  7409 3494
        Rory Scott                   Broker (AIM)                Tennyson Securities       +44 20
                                                                                           7186 9031
        Marion Brower               Financial PR               R&A Strategic               +27 11 880
                                    (South Africa)             Communications              3924

        BSM Sponsors Proprietary Limited is the nominated JSE Sponsor

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 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).




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Date: 25-04-2024 03:25:00
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