MONGOL MINING (00975) sold a total of 8.2213 million tons of washed coking coal products in 2025, an increase of 4% compared to the previous year.

MONGOL MINING (00975) announced that the Group is the largest producer and exporter of washed coking coal products in Mongolia. The Group's wholly-owned subsidiary, Energy Resources LLC (ER), operates the Ukhaa Khudag (UHG) coking coal mine, and the Group's controlling subsidiary, Khangad Exploration LLC (KEX), operates the Baruun Naran (BN) coking coal mine, both located in the Umnugobi aimag (province) of Mongolia. In 2025, the Group sold a total of 8.2213 million metric tons of washed coking coal products, a 4% increase from the 7.8821 million metric tons sold in 2024. The washed coking coal products sold by the Group in 2025 include: 4.9205 million metric tons of washed hard coking coal, 0.4525 million metric tons of washed semi-soft coking coal, and 2.8484 million metric tons of washed medium ash semi-hard coking coal. Therefore, as of the end of the year 2025, hard coking coal, semi-soft coking coal, and medium ash semi-hard coking coal accounted for 59%, 6%, and 35% of total washed coking coal products sold, respectively (2024: hard coking coal 60%, semi-soft coking coal 6%, medium ash semi-hard coking coal 34%). The Group holds a 50% interest in Erdene Mongol LLC (EM), which owns and operates the Bayan Khundii (BKH) gold mine in Bayankhongor aimag, Mongolia, and a 50.5% interest in Universal Copper LLC (UCC), which is developing the White Hill (WTH) copper, silver, and gold mine, also located in Bayankhongor aimag, Mongolia. As of the quarter ended on December 31, 2025, EM sold 7,434 ounces of gold and 2,634 ounces of silver produced from the BKH mine since the first gold pour on September 14, 2025, to Mongolian banks and authorized commercial banks. The weighted average price of gold was $4,153.25 per ounce, and the weighted average price of silver was $53.14 per ounce, calculated using the spot price in tugrik (local currency) and the applicable exchange rate to US dollars. The BKH processing plant has an annual ore processing capacity of 650,000 metric tons, including single-stage crushing, two-stage grinding through semi-autogenous and subsequent ball milling circuits, cyanide leaching, adsorption by carbon-in-pulp, washing and stripping by pressure zadra, electrolytic extraction, and smelting to produce gold (dore bars) ingots. As of the quarter ended on December 31, 2025, the Group conducted necessary geological and hydrogeological exploration drilling and modeling, extensive sampling, metallurgical testing, and other work to obtain the data needed for the preparation of relevant technical reports (including updated JORC resource and reserve reports), and completed feasibility studies to advance the development of the WTH copper, silver, and gold mine covered by the three mineral extraction licenses held by UCC within its coverage area.