Ann: GAS PIPELINE EARLY WORKS AGREEMENT EXECUTED WITH APA, page-9

Ian and co are building a mine and they're going to do it in a timely cost effective manner with no fluff pieces and spin!


The Proposed Pipeline is less than half the length of the gas pipeline originally proposed in the
**anintha Definitive Feasibility Study, which is expected to result in lower gas transportation charges
than previously anticipated. It also provides optionality to source gas from the emerging Perth Basin via
the NGI that may further reduce the project’s gas transportation charges.

The works to be completed by APA Operations under the EWA will focus on access for the Proposed
Pipeline corridor, including preparation of licences, initial engineering design and preparation for
procurement of long lead items (the Early Works). It is envisaged that the Early Works will be completed
over the course of 2022 to ensure that the construction of the Proposed Pipeline is completed in line
with TMT’s proposed MTMP development schedule.

In parallel with the Early Works TMT and APA Operations will progress the negotiations of the associated
development and gas transportation agreements for the Proposed Pipeline
The progression of the Early Works by APA Operations for the Proposed Pipeline is a key component of
TMT’s strategy to further progress the implementation of the MTMP, which TMT anticipates will provide
energy certainty for the world’s next large scale primary vanadium mine.