Investor Presentaiton

Conclusions OFFICIAL • While it's very early days, high level screening reveals that South Australia has prospective geology and evidence of natural hydrogen occurrences. • ● . Regulatory, licensing and investment frameworks are in place, enabling grant of Australia's first exploration licences targeting natural hydrogen. Explorers are also able to apply for licences to store hydrogen underground and licences for the transmission of hydrogen in pipelines. Upcoming company exploration activity in SA will test a diversity of natural hydrogen plays. • It is expected that the new Hydrogen and Renewable Energy Act and amendments to the Petroleum and Geothermal Energy Act 2000 will be in place by the end of 2023. • Watch this space! Disclaimer The information contained in this presentation has been compiled by the Department for Energy and Mining (DEM) and originates from a variety of sources. Although all reasonable care has been taken in the preparation and compilation of the information, it has been provided in good faith for general information only and does not purport to be professional advice. No warranty, express or implied, is given as to the completeness, correctness, accuracy, reliability or currency of the materials. DEM and the Crown in the right of the State of South Australia does not accept responsibility for and will not be held liable to any recipient of the information for any loss of damage however caused (including negligence) which may be directly or indirectly suffered as a consequence of use of these materials. DEM reserves the right to update, an end or supplement the information from time to time at its discretion.

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