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We are thrilled to receive the delivery of additional place change mining equipment for our Maxwell Underground Mine. Commencing the operation of our second underground place change panel marks a significant milestone in the development of our underground mine.

The additional equipment includes a continuous miner, mobile bolter and shuttle cars. This equipment is integral to our underground operation, improving strata control, enhancing coal extraction quality, and increasing output per shift. With this advanced equipment, we can create a world-class underground mining operation, ensuring sustainable development and long-term success.

Thank you to our dedicated team and partners at Ontrak Engineering, Phillps Global and CRAM Group who have worked tirelessly to make this possible. Together, we are paving the way for a bright and prosperous future for Malabar Resources.