MC Mining's loss after tax for the full fiscal year ended June 30 went down 79% to $4.4 million, compared to $20.8 million in the previous year.

The reduction is primarily attributed to an 80% decrease in non-cash charges, which amounted to $3.7 million and included decreased depreciation and amortisation, increased share-based payment expenses, and no impairment expenses for the year.

Revenue grew 91% to $44.8 million, and the cost of sales jumped 96% to $41.2 million. Net asset value also increased to $87.4 million from $77.1 million in the prior-year period.

No fatalities or lost-time injuries were reported in the fiscal year.

The company is exploring measures to raise additional funding, including issuing new equity for cash, convertible MC Mining equity funding, further debt funding, production-based funding, and inventory prepayment funding facilities.