MINERAL COMMODITIES LTD — Interim / Quarterly Report 2018

Aug 30, 2018

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

31 August 2018

Company Announcements Office

JUNE 2018 HALF YEAR RESULTS SUMMARY INTERIM DIVIDEND OF 0.6 AU CENT PER SHARE

Mineral Commodities (ASX: MRC) is pleased to release its half year results for the half-year ended 30 June 2018, with the following highlights:

Operational - Tormin Mineral Sands Operation

• Safety performance maintained – Total Recordable Injury Frequency Rate reduced to zero with no Lost Time Injuries recorded since April 2017

• Record PBC/TSP and GSP/SCP processing plants throughput (1,062,697t and 483,667t respectively), availability (+94%) and valuable mineral recoveries

• Final concentrate gross production at record levels – 352,492 tonnes

• S102 Application submitted for potential 10 year LOM extension

• Prospecting Right Environmental Authorisation issued

Financial

• Total Revenue of US$28.5 million

• EBITDA of US$4.8 million and NPAT of US$1.2 million

• Cash balance of US$10.2 million

• Debt decreased to US$3.0 million

• Trade and Other Receivables increased to US$9.5 million

• Record 55% increase pricing for zircon/rutile concentrate

• Final concentrate stockpile inventory to deliver future revenue of circa US$65 million and circa US$25 million in future net cash generation (pretax)

• Interim dividend of 0.6 Australian cent per share (partially franked)

Executive Chairman Mark Caruso commented : “The solid operational and safety performance at Tormin during the reporting period continued to underpin progress on the Company’s nearterm business development growth initiatives. These initiatives included the proposed expansion of the world class Tormin operation and near-term development of the high-grade, vertically integrated Munglinup Graphite Project in Western Australia.

We continue to advance on delivering on our strategy of becoming a diversified commodity and jurisdictional mining house.”

- ENDS -

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

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For enquires regarding this release please contact:

Phil Retter: Manager – Investor Relations & Corporate Affairs

T: +61 8 6253 1100 | D: +61 8 6253 1152 | M +61 407 440 882

• E: philip.retter@mncom.com.au

About Mineral Commodities Ltd:

Mineral Commodities Ltd (ASX: MRC) is a global exploration and mining company with a primary focus on the development of high-grade mineral deposits within the industrial minerals, base metals, bulk commodities and precious metals sectors.

The Company is a leading producer of zircon, rutile, garnet and ilmenite concentrates through its Mineral Sands Operation at Tormin, located on the west coast of South Africa. The planned development of the Munglinup Graphite Project, located near Esperance in Western Australia, is consistent with the Company’s strategy to capitalise on the fast growing sustainable renewable energy storage and electric vehicle revolution as well as downstream vertically integrated value-adding.

The Company has also secured first-mover advantage in Iran, considered the most prospective and underdeveloped mineral resource country in the world, and has also entered into agreements and applied for tenements over a number of prospective areas in Western Australia targeting vanadium, lithium, channel iron ore and gold/copper.

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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