Corporate and Operational Update

Capital Structure Overview ASX Code Shares on Issue ASX: NTM 12-Month Share Price Performance 800,698,915 2 NJ $0.04 30.0m Volume Share Price Share Price (1 September 2023) $0.010 Cash on Hand (30 June 2023) $584,000 25.0m Options 54,875,000 $0.03 20.0m Performance Rights² 108,000,000 Convertible Note (undrawn) $2,500,000 $0.02 15.0m Market Capitalisation ~$8,007,000 Adroit Capital NTM Recapitalisation Top Shareholders Io.om Other Shareholders 76% NT Minerals | September 23 Androit Capital 11% Jason Peterson 8% Wyllie Group 5% $0.01 5.0m $0.00 o.om Sep-22 Nov-22 Jan-23 Mar-23 May-23 Jul-23 Sep-23 ༧༠ Appendix 5B Report 28 July 2023 Performance Rights were approved at the July 2023 AGM to reduce ongoing Director costs and to align performance and value creation objectives for NTM moving forward. The Performance Rights are split into 3 Tranches and vest on the 20-day VWAP Strike hurdle as follows; Tranche I Tranche 2 Tranche 3 24M 36M 48M Expiry 31 Dec 2023 Expiry 30 Jun 2025 Strike $0.02 Strike $0.05 Expiry 30 Jun 2026 Strike $0.10 Page 4

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