Ann: Update on Mineral Commodities Ltd, page-3

Hi Potchip.

There hasn't been anyone to engage with,

Getting back to your question, the production at Torming has significantly improved even with the dramas they have had with processing.



If you compare the June QTR's production (Yellow) vs the 6 months production from the first half 2023 (Blue).
MRC managed to process nearly as much material in 3 months as it did for 6 months the year prior.

The contained HMC was also much better than previous QTR's production,

A basic calculations, MRC processed around US$8.6mil worth of HMC for the QTR. At the annual rate this would have achieved US$34mil

As you can see, even at these levels of production (Excluding the graphite business Approx annual revenues US $7.2mil) MRC annual production was set to be significantly higher than 2023 revenues and trending back toward the higher levels for 2023.