Well done Croc, you are finally starting to work out where MRC...

Well done Croc,

you are finally starting to work out where MRC project is located and why the mining fleet requires upgrades. You could have read the Febuary 2024 announcement which stated.

The mobile fleet at Tormin (trucks, loaders, excavators and dozers) operates in harsh coastal
/ saltwater conditions. The majority of mobile equipment machines are past their expected life
(operating hours) for this environment.

To achieve production targets and maintain reliable performance, new or second-hand mobile
equipment will be required to replace mobile equipment that is near term end of life or that
cannot economically be repaired or rebuilt.

Strategy to establish a more reliable mobile fleet

The Company is currently accelerating its fleet replacement strategy and is evaluating two (2)
options to source and replace mobile equipment. Quotations for the costs associated with
these two alternatives are expected by the end of February 2024 with a decision on the most
cost-effective solution to be made soon there after.