MC Mining Limited

Fully Underwritten A$40 million Rights Issue to fund the Makhado Project

MC Mining Limited

Raise of A$7.9 million via a Convertible Advance and Subscription Agreement

Stonewall Mining Proprietary Limited

Subscription by Hanhong Private Equity Management Limited for 38.88% of the issued share capital of Stonewall. Repayment of indebtedness to Strand Hanson and early redemption of outstanding Strand Hanson warrants for $1 million