Ann: Scheme Booklet registered with ASIC, page-31

Technology Metals Australia Limited | Scheme Booklet Page 6

TMT environmental permitting approval update

TMT continues to work collaboratively with the WA Environmental Protection Authority (EPA) on the environmental approval process.
During the September 2023 quarter, an updated Environmental Review Document (ERD) for the Ga*banintha project area was submitted to the EPA, addressing the EPA's queries and feedback from government and non-government stakeholders on the previous versions of the ERD.
As at the Last Practicable Date, TMT has not been informed that the EPA Board has assessed TMT's ERD or made a recommendation to the Western Australian Minister for the Environment in regard to the environmental approval for the **anintha project area.

TMT notes the ERD and existing EPA approval process covers only the Ga*banintha area for open pit mining, associated waste landforms, processing infrastructure and supporting non-process infrastructure, and does not include the Yarrabubba project area.
Yarrabubba, as a satellite open pit mining development, will be referred to, and assessed by, the EPA separate to the Ga*banintha area.
It is unclear how long the EPA would take to assess an ERD for Yarrabubba and grant approval.
As ore from Yarrabubba forms the majority of ore feed to TMT's processing plant over the first eight years of production, the absence of EPA approval for Yarrabubba may adversely impact TMT's ability to raise the required debt and equity funding until such approval is granted.

The ERD does however contemplate allowance for ore processing from sources outside the development envelope, such as from TMT's Yarrabubba or AVL's proposed open pit mining developments.
However, Yarrabubba and AVL's proposed open pit mining developments cannot be mined until all necessary environmental approvals have been received.
Yarrabubba, as a satellite open pit mining development, will be referred to, and assessed by, the EPA separate to the Ga*banintha area.
AVL has applied for EPA approval for its proposed open pit mining developments.