OC4 Project

• Location: Kriel, Mpumalanga, South Africa

• Permit Holder: 2 Seam (Pty) Ltd

• Mining Contractor: Trollope Mining Services

• Project Value: Approx. 1 million tonnes of mineable coal reserves

• Timeline: Late 2020 – Early 2

Synopsis

The OC4 Project represented a strategic continuation of operations following OC2A, tapping into new coal reserves within the broader Kriel mining right. With roughly 1 million tonnes in mineable reserves, OC4 laid the foundation for expanded surface mining activity in the area.

Operations were executed by Trollope Mining Services, bringing in high-volume open-cast mining capability. Though OC4 production began just ahead of the global coal market spike, it primarily functioned as a preparatory and stabilizing phase—positioning the operation for significant upside in the next pit (OC4A).

Lessons Learned & Institutional Growth

• Built out infrastructure that was directly leveraged by OC4A.

• Established stable offtake agreements and operational routines.

• Reinforced the strength of long-term permit holdings like 2 Seam’s.

• Served as a low-risk ramp-up phase for full exposure to global coal price movements.

Key Takeaways for Investors

• Stable production base in a strategic location.

• Efficient execution by a reputable mining contractor (Trollope).

• Proof-of-concept for larger adjacent pits.

• Precursor to significant market opportunity captured in OC4A.