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                                                                8 September 2022


                        EXTENSION OF THE CAUTIONARY ANNOUNCEMENT

MC Mining Limited (MC Mining or the Company) issued a cautionary announcement on 28 July 2022
noting the rise in its share price. Further to this announcement and further share price movements,
the Company announces an extension of the cautionary announcement.

As previously reported, the Company continues to advance the funding processes for the Makhado
hard coking coal project (Makhado or the Makhado Project) and targets to conclude this during Q4
CY2022. The funding is expected to include a combination of debt and equity issues by the Company.
The Bankable Feasibility Study (BFS) completed by Minxcon (Pty) Ltd (Minxcon) and announced to the
market on 14 April 2022 was a key milestone in progressing such funding and the BFS development
plan was designed to minimise the upfront capital expenditure. As announced on 30 August 2022, to
enhance value, Minxcon undertook a pre-feasibility study that, amongst others, included the potential
construction of a coal processing plant (CPP) at the Makhado Project. The construction of a CPP at
Makhado allows for alternative development opportunities at the Vele Colliery, currently on care and
maintenance, which the Company is also investigating.

Should any of the various processes outlined above be pursued and concluded, it may have a material
effect on the price of the Company’s securities and further announcements will be made in due
course, as appropriate. Shareholders should note that there can be no certainty of any such initiatives
ultimately being secured. Accordingly, shareholders are advised to exercise caution when dealing in
their MC Mining securities until further announcements are made.
On 8 September 2022 the Company announced a trading halt on the Australian Stock Exchange (ASX)
and expects to make a further announcement by Monday, 12 September 2022, whereupon it will
apply for its shares to recommence trading on the ASX. The Company's ordinary shares will continue
to trade on the and Johannesburg Stock Exchange and AIM market of the London Stock Exchange plc.


Godfrey Gomwe
Managing Director and Chief Executive Officer
This announcement has been approved by the Company’s Disclosure Committee.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014,
as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).


For more information contact:
       Tony Bevan                           Company                       Endeavour Corporate               +61 08 9316
                                            Secretary                     Services                          9100
       Company advisors:
       James Harris / James                 Nominated                     Strand Hanson                     +44 20 7409
       Dance                                Adviser                       Limited                           3494

       Rory Scott                           Broker (AIM)                  Tennyson Securities               +44 20 7186
                                                                                                            9031
       James Duncan                       Financial PR                    R&A Strategic                     +27 11 880
                                          (South Africa)                  Communications                    3924
       Investec Bank 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).

       All figures are denominated in United States dollars unless otherwise stated. Safety metrics are compared to the
       preceding quarter while financial and operational metrics are measured against the comparable period in the
       previous financial year. A copy of this report is available on the Company's website, www.mcmining.co.za.

       Forward-looking statements

       This Announcement, including information included or incorporated by reference in this Announcement, may
       contain "forward-looking statements" concerning MC Mining that are subject to risks and uncertainties. Generally,
       the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions
       identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could
       cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks
       and uncertainties relate to factors that are beyond MC Mining’s ability to control or estimate precisely, such as future
       market conditions, changes in regulatory environment and the behaviour of other market participants. MC Mining
       cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is
cautioned not to place undue reliance on these forward-looking statements. MC Mining assumes no obligation and
does not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein,
whether as a result of new information, future events or otherwise, except to the extent legally required.

Statements of intention

Statements of intention are statements of current intentions only, which may change as new information becomes
available or circumstances change.