MINERAL COMMODITIES LTD — Capital/Financing Update 2017

Nov 19, 2017

MINERAL COMMODITIES LTD ABN 39 008 478 653 Email: info@mncom.com.au Web: www.mncom.com.au

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Australian Securities Exchange Company Announcements Office

20 November 2017

MUNGLINUP GRAPHITE PROJECT JOINT VENTURE AGREEMENT EXECUTED

Mineral Commodities Ltd (ASX: MRC) (“MRC” or “the Company”) is pleased to announce that MRC Graphite Pty Ltd (“MRCG”), a wholly owned subsidiary of the Company, and Gold Terrace Pty Ltd (“GT”) have formally finalised and executed the Munglinup Graphite Project Farm-in and Joint Venture Agreement (“Munglinup JV Agreement”). The Joint Venture provides for exploration and development of a natural flake graphite operation.

The Munglinup JV Agreement formalises the previously advised and executed Binding Term Sheet, whereby MRCG and GT agreed to enter into a joint venture and outlined the terms and conditions in which the joint venture will conduct exploration and studies, including possible early works, up until and including a decision to mine is made for the development of a graphite operation on the Munglinup tenements.

MRCG’s initial ownership under the Joint Venture Agreement of the Munglinup Graphite Project will be 51%. MRCG will now expediently move towards 90% ownership during the course of 2018 via fulfilment of the conditions required by the Munglinup JV Agreement, predominantly the completion of a feasibility study. This concludes and finalises all agreements necessary for the Munglinup Graphite Project to commence further exploration, formal evaluation and possible early development activities of a natural flake graphite operation at Munglinup near Esperance in Western Australia.

Mineral Commodities Executive Chairman, Mr Mark Caruso, said “The Munglinup Graphite Project complements and de-risks MRC’s current project operating portfolio. We are very excited to have the opportunity to enter into the battery materials market and with an accelerated development plan look forward to becoming the next new graphite operation in Australia. Thanks to the current energy revolution taking place, we are confident that this project will prove to be a highly valuable component of the unfolding MRC growth story.”

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For enquires regarding this release please contact: Peter Torre – Company Secretary Ph +61 8 6253 1100

39 – 43 Murray Road North WELSHPOOL Western Australia 6106 PO Box 235 WELSHPOOL DC WA 6986

Telephone: +61 8 6253 1100 Fax: +61 8 9258 3601 Email: info@mncom.com.au

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