MC MINING LIMITED - A$1.0 million Loan Facility Secured

A$1.0 million Loan Facility Secured

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 July 2024

A$1.0 MILLION LOAN FACILITY SECURED


MC Mining Limited (MC Mining or the Company) is pleased to announce that it has entered into a
A$1.0 million (US$0.7 million) Loan Facility (the Facility) with Eagle Canyon International Group
Holding (Hong Kong) Limited (ECIGH). ECIGH is controlled by Christine He, MC Mining's Interim
Managing Director and Chief Executive Officer.


The salient features of the Facility are:
•   ECIGH will advance up to A$1.0 million to MC Mining;
•   The Facility is available until 30 June 2025 and must be repaid on or before the end of this period
    (Final Maturity Date);
•   Interest will be paid monthly calculated using the prevailing Australian Reserve Bank Rate for
    medium business (currently 6.25%), plus a margin of 3%;
•   the Facility is unsecured.

The Facility does not incur any utilisation charges and can be cancelled prior to the Final Maturity Date
without penalty while the terms do not preclude potential equity financing arrangements. Additional
debt financing will require the settlement of the Facility or the prior written approval of ECIGH.


Mathews Senosi, MC Mining's Interim Chairman commented:
"The Facility will be utilised for general working capital and is a further positive step in stabilising the
Company's liquidity position. In addition it reflects the continued shareholder commitment to support
MC Mining. The Group's operational and overhead costs are being assessed to ensure that MC Mining
has the appropriate resources to develop our shovel-ready, flagship Makhado steelmaking hard coking
coal project."


Mathews Senosi
Interim Chairman
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
 Company advisers:
 Marion Brower          Financial PR           R&A Strategic                  +27 11 880 3924
                        (South Africa)         Communications

 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
(steelmaking hard coking coal), Vele Colliery (steelmaking semi-soft coking and thermal coal), and the Greater
Soutpansberg Projects (steelmaking coking and thermal coal).

Date: 25-07-2024 08:30:00
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.