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MASTERMYNE GROUP LIMITED Capital/Financing Update 2021

Nov 9, 2021

65392_rns_2021-11-09_92ea2c61-8609-46a1-8d97-da6f58e3f290.pdf

Capital/Financing Update

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10[th] November 2021

ASX Announcement

Response to media regarding progress of Cook Colliery Mine

Mastermyne Group Limited (ASX Code: MYE) (“ Mastermyne ” or “ Company ”) provides the following update correcting media which is reporting delays to the start-up of production at Cook Colliery Mine.

Mining production remains on track to commence in January 2022 ramping up to the full annualised production run rate by the end of March 2022. Stage 1 works and negotiations on the Mining Services Contract are progressing well and the Company will continue to provide market updates accordingly.

Further information:

Tony Caruso – Chief Executive Officer: (07) 4963 0400

Brett Maff – Chief Financial Officer/Company Secretary: (07) 4963 0400

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