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MINERAL COMMODITIES LTD Capital/Financing Update 2016

Sep 29, 2016

65371_rns_2016-09-29_ff2897d4-5309-4746-ab4b-38b612c0f81c.pdf

Capital/Financing Update

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Mineral Commodities Ltd

ABN 39 008 478 653

40 Murray Road North Welshpool WA 6106, Australia PO Box 235, Welshpool DC WA 6986, Australia Telephone: 61 8 6253 1100 Facsimile: 61 8 9258 3601 Email: [email protected] Web: www.mncom.com.au

30 September 2016

MRC EXTENDS SHAREHOLDER LOANS

Mineral Commodities Ltd (“MRC” of “the Company”) advises that two of its largest shareholders, Au Mining Ltd and Regional Management Pty Ltd, a company associated with Mr Mark Caruso the Executive Chairman and CEO of the Company, have agreed to extend the repayment date of the existing shareholder loans totalling approximately USD1.2 million to 31 December 2016.

Whilst the Company has alternatives which would provide for the existing loans to be repaid, the extension provides the Company with further time to consider the potential effects of the current dilution in grade being experienced in the replenishment cycle, and the mitigating strategies the Company has to deal with this.

The Company is appreciative of the ongoing support of its two major shareholders.

All other terms of the loans remain as those disclosed in the release of 30 May 2014.