Mongolian Mining Corporation · HKEX:975
Mongolian Mining — H1 2026 Earnings Presentation
12 slides from Mongolian Mining's earnings presentation, Aug 21, 2026
Slide 1: Interim Results 2026
(HKEx: 975; OTCQX: MOGLF) Interim Results 2026 21 August 2026 Ikh Bogd mountain, Bayankhongor, Mongolia
Slide 2: Disclaimer
DISCLAIMER By attending the meeting where this presentation is made, or by reading the presentation materials, you agree to be bound by the following limitations: This document and its contents have been prepared by Mongolian Mining Corporation (the “Company”) and contains strictly confidential and
Slide 3: Company Overview
COMPANY OVERVIEW Corporate information Mongolian Mining Corporation (“MMC” and “Group”) is the largest internationally Long-term supportive shareholder base 1 listed private mining company with operations focused on and located in Mongolia. The Group has consolidated a diversified business portfolio
Slide 4: Coking (Metallurgical) Coal: Mining assets
COKING (METALLURGICAL) COAL Mining assets The Group is the largest producer and exporter of washed coking coal products in Mongolia. Energy Resources LLC, its wholly-owned subsidiary, operates the Ukhaa Khudag (“UHG”) coking coal mine, and Khangad Exploration LLC, its majority-owned subsidiary, oper
Slide 5: Coking (Metallurgical) Coal: Industry overview
COKING (METALLURGICAL) COAL Industry overview 1 China coking coal prices China crude steel China coking coal import Production Consumption 2H 122 119 4,700 1H 103 1H2025 515 454 64 66.9 3,200 (CNY) 1H2026 500 442 45.6 57.4 52.8 1,700 26.1 2022 2023 2024 2025 1H2026 200 Aug-16 Aug-18 Aug-20 Aug-22 Au
Slide 6: Coking Coal: Operations & Cost Base
COKING (METALLURGICAL) COAL OPERATIONS & COST BASE ROM coal mined Coal processed Mining cost 3 Processing cost 9.3 19.4 20.7 5.3 4.9 7.1 2.2 5.1 (US$/ROMt) (US$/ROMt) 4.3 5.3 4.6 1.6 1.4 1.4 BN Non-cash Non-cash Washed coking coal products Cash Cash UHG (Mt) (Mt) 5.7 7.1 4.3 5.1 14.1 16.1 3.7 3.5 1H
Slide 7: Gold and Metals: Industry overview
GOLD AND METALS Industry overview Gold price Silver price $4,492 $65.9 6,000 (19-Aug-26) 100 (19-Aug-26) 4,500 75 $1,763 EM $25.5 UCC 3,000 (30-Jun-21) 50% acquisition 50 (2-Jul-20) 50.5% acquisition (US$/oz) (US$/oz) 1,500 25 $1,885 $31.6 (11-Jan-23) 0 0 (11-Dec-24) Aug-21 Aug-22 Aug-23 Aug-24 Aug-
Slide 8: Gold and Metals: Mining assets
GOLD AND METALS Mining assets The Group is a 50% equity holder in Erdene Mongol LLC (“EM”)1, which owns and operates Bayan Khundii (“BKH”), and a 50.5% equity holder in Universal Copper LLC (“UCC”), which develops White Hill (“WTH”) copper deposit and Urkhut (“URT”) silver deposit, both located in B
Slide 9: Gold and Metals: Operations & cost base
GOLD AND METALS Operations & cost base Production 1H2026 Sales volume 1H2026 Ore mined 402 Kt Gold 20,236 oz Ore processed 304 Kt Silver 6,452 oz Revenue $94.7 m Grade (g/t) 1H2026 Gold $94.2 m Gold 2.2 Silver $0.5 m Silver 1.0 Mining cost Processing cost Operating cash cost 1 4,654 587 1,012 93 2,0
Slide 10: Financial Overview: Key metrics
FINANCIAL OVERVIEW Key metrics Revenue US$586 m 1H2025: US$347 m Balance sheet As at 30 Jun 2026 Net current assets $184 m US$491 US$95 Total assets $2,454 m Coal Gold Total equity $1,490 m Cash $294 m EBITDA 1 Debt 2 $400 m $400 m US$169 m 1H2025: US$94 m Cashflow statement 1H2026 Investing activit
Slide 11: Sustainability: Towards sustainable mining
SUSTAINABILITY Towards sustainable mining 1 The Mining Association of Canada’s Towards Sustainable Mining (“TSM”) In July 2024, the Group underwent an external verification of its self-assessment scores. standard is a globally recognized sustainability program that supports The verified scores are s
Slide 12: Thank You
Mongolian Mining Corporation 16F Central Tower, Sukhbaatar District Ulaanbaatar 14200 Mongolia www.mmc.mn investor@mmc.mn THANK YOU Borzongiin toirom, Umnugobi, Mongolia