MC MINING LIMITED - Resignation of Managing Director & Chief Executive Officer

Resignation of Managing Director & Chief Executive Officer

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                                                                   

24 June 2024

RESIGNATION OF MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER

MC Mining Limited (MC Mining or the Company) announces that Godfrey Gomwe will step down as
Managing Director & Chief Executive Officer (MD & CEO), effective close of business on 30 June 2024.
Godfrey joined MC Mining in April 2022 as a Non-Executive Director and was subsequently appointed
as MD & CEO later in the same month.


During Mr Gomwe's tenure, MC Mining carried out a Rights Issue which was completed in November
2022. The Rights Issue facilitated the enhancement and progression of the studies required to
construct the shovel ready Makhado hard coking steelmaking coal project (Makhado) and the
formulation of the detailed Makhado life of mine and Implementation plans. The increase in the
Reserves and hard coking steelmaking coal yields reported in the plan added significant value to the
project.


Mr Gomwe leaves the Company following the successful off market offer by Goldway Capital
Investment Limited (Goldway) in April 2024 which resulted in Goldway and its consortium members
holding in excess of 93% of the issued ordinary shares of the Company. This process resulted in the
vesting of Mr Gomwe's 8,000,000 options which can be exercised on or before 27 April 2027.


Mathews Senosi, MC Mining's Interim Chairman, said: "On behalf of the Board I would like to thank
Mr Gomwe for his significant contributions as Managing Director & Chief Executive Officer. The
Company now has a foundation that positions it to finalise the fund raising required to develop our
flagship Makhado steelmaking hard coking coal project."
An Appendix 3Z (Director's Final Interest Notice) for Mr Gomwe will be released separately and the
Company is planning to release an update on the MD & CEO position shortly.


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: 24-06-2024 10:20:00
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