TMT Chart, page-1912

Looks to me as if TMT could well be up for APA costs LewisB.

Cheers


TMT ANNUAL REPORT [ref]
Note 15.
page 69.

CONTINGENT LIABILITIES:

In June 2022, the Group entered into an Early Works Agreement (EW WA ) with APA Operations Pty Ltd (APA Operations) for the provision of certain early works by APA Operations in respect of the proposed development of the Ga banintha Gas Pipeline.
These works will ultimately allow the Group and APA Operations to negotiate a development agreement and gas transportation agreement (Project Documents) to supply the MTMP with gas from the commencement of operations.

The EWA includes a requirement for the Group to reimburse APA Operations for all costs incurred and committed to in connection with the early works where the parties have not executed the Project Documents by the Backstop Date (currently 31 January 2024).
The EWA required the Group to provide a cash backed security deposit of $580,000 (refer note 7) for the potential reimbursement of these costs.
Where Project Documents are executed, the early works costs are rolled up into the future tariffs payable and are not reimbursable, and the security deposit funds are released to the Group.

At 30 June 2023, APA Operations had incurred total EWA costs of $775,000 which the Group would be required to reimburse if Project Documents are not executed by the Backstop Date.

Payment of the first $580,000 of costs incurred would be funded through return of the security deposit noted above.

The Group and APA Operations are actively working towards executing the Project Documents and at reporting date, the board of directors' judgement is that it is only possible, but not probable, that the Group will be required to reimburse APA Operations for the EWA costs.
Accordingly, no provision for any liability has been made in these financial statements.

Annual Report 2023 Technology Metals Australia Ltd 69