MLG OZ LIMITED — Capital/Financing Update 2022

Feb 7, 2022

ASX ANNOUNCEMENT / MEDIA RELEASE 07 February 2022

NEW CONTRACT AWARD WITH RED 5

HIGHLIGHTS

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• MLG has been awarded a new contract with Red 5 for integrated haulage and road maintenance services in alignment with Red 5 Limited’s Darlot mine plan and King of the Hills (KOTH) processing hub strategy;

• The contract is to service the KOTH processing facility, with run of mine ore from satellite sources at Darlot and Greater Western;

• The contract is for an initial term of 2 years with a further 1 year extension option at the discretion of Red 5; and

• This new contract is expected to increase annual revenue with Red 5 from approximately $10m per annum to $20 million per annum.

MLG Oz Limited (ASX:MLG) (“MLG”) is pleased to announce that it has been awarded an integrated haulage contract within its Western Australian Operations with Red 5 Limited (ASX:RED) to service its new KOTH processing facility. The new KOTH mill is a low cost conventional 4Mtpa plant in the Eastern Goldfields and is central to Red 5’s processing hub strategy to facilitate the processing of ore from multiple regional sources at KOTH. This regional strategy aligns very strongly with MLG’s existing Goldfields network. The ore from Darlot and Greater Western is expected to be processed through the KOTH mill from the June quarter 2022.

MLG founder, and Managing Director, Mr Murray Leahy said: “We are very pleased to be given the opportunity to continue to support and grow with Red 5 which has been a long-standing customer of MLG. The KOTH project and Darlot expansion are very exciting opportunities for Red 5 and we look forward to supporting the company in developing its regional hub.”

MLG Oz Limited (ASX:MLG), (“MLG”) is a founder-led business which provides a range of services to mine sites, integrated around the needs of client’s ore processing facilities.

MLG is an Australian company based in Kalgoorlie, Western Australia, and services gold, iron ore and base metal clients throughout Western Australia and in the Northern Territory.

MLG’s offering includes crusher feed, road maintenance, rehabilitation work, vehicle maintenance, machine and labour hire and mine site haulage including end-to-end logistics solutions, with a dedicated facility at the Esperance Port.

MLG’s 100%-owned quarries are strategically located near existing mining operations which facilitates the efficient supply of bulk construction materials comprising sand, aggregate and lime to clients.

Authorised for release by the Board of Directors.

Investor contact

Phil Mirams Chief Financial Officer 08 6118 5106

Media contact

Michael Vaughan Fivemark Partners 0422 602 720

C O N T A C T 08 6118 5106 InvestorRelations@mlgoz.com.au

H E A D O F F I C E 10 Yindi Way, Kalgoorlie WA 6430

O N L I N E

P O S T A L O N L I N E PO Box 1484, www.mlgoz.com.au Kalgoorlie WA 6433