MC MINING LIMITED DISCLOSURECurrent Reports (8-K / ad hoc)

Quarterly Activities/Appendix 5B Cash Flow Report

ANNOUNCEMENT 31 July 2026 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 JUNE 2026 (FY2026 Q4) FOR MC MINING LIMITED (MC Mining or the Company) AND ITS SUBSIDIARY COMPANIES HIGHLIGHTS Operations • Health and safety performance improvement across the group remains a top priority, with the Company having operated with zero lost time injury (“LTI”) for this quarter, This is huge improvement on our safety performance. The Makhado steelmaking hard coking coal Project (“Makhado Project” or “Makhado”) had no LTIs for the quarter with plant commisoning and new employees onboarding that commenced with no any incidents at Makhado Colliery whilst Uitkomst Colliery (“Uitkomst Colliery” or “Uitkomst”) had no LTIs for the quarter; • Key milestones achieved on the development of the Makhado Project: o C3 commissioning of the coal handling and preparation plant (“CHPP” or “Coal Plant”) reached on the 22nd of May 2026; o C4 commissioning completion of the Coal Plant is planned for August; o The 14km overhead power transmission line has been commissioned during the quarter; o Bulk water systems (eastern wellfields) were installed and commissioned for provision of process water to the CHPP and the remainder of the system (western wellfields) are planned for commissioning during the next quarter; o Product logistics infrastructure, including two 80 tonnes certified weighbridges were commissioned during the quarter and Makhado is ready for product delivery to port; o Logistics contractors were shortlisted and are preparing for trialrun to port during August. For personal use only • The board of directors approved the temporary suspension of mining and processing operations at Uitkomst Colliery during Q3 FY2026. During this period, the Company is evaluating strategic options aimed at unlocking value and preserving future optionality. These evaluations may include engagement with interested third parties regarding potential partnerships, joint operations or other strategic arrangements in respect of Uitkomst. Although a binding offer has been received, no decisions have been taken, and any transaction would be subject to customary approvals. In addition, the Company continues to review its asset base with a view to disposing of redundant or non-core items where appropriate. • Comprehensive evaluations of geological and mine planning information relating t