Path to Commercial Gas Production

Milestones and Catalysts Key milestones delivered quickly following listing with further near-term catalysts in progress Six Well Drilling Program commenced at Red Lake Initial Results Outstanding early results received for Gas Bearing Coal New Permits Secured Two extensive (>18,000km²) and highly prospective CBM permits added. UB Metan MOU Non-binding MOU signed with Mongolia's largest gas distributor to deliver produced TTCBM gas SIX WELL PROGRAM COMPLETING Near-term catalysts ■ Case and complete Red Lake-5 and -6 ■ Confirmation of gas bearing coals, gas content and composition INDEPENDENT RESOURCE CERTIFICATION TTCBM Project: 2C Contingent Resource for Red Lake Area Shivee and Eastern Gobi: Prospective Resource COAL PERMEABILITY AND GAS SATURATION ◉ ■ Permeability to shape upcoming pilot program Isotherm analysis to identify gas saturation in coals 2022 TTCBM PROJECT DRILLING PROGRAM ■ Potential for two appraisal wells and three exploration wells Extended production testing of Red Lake-5 and Red Lake-6 Oct 2021 Nov Dec Jan 2022 ASX Listing Feb Mar Apr May Jun Red Lake-1 Red Lake-2 Red Lake-3 Red Lake-4 Red Lake-5 Red Lake-6 Gas Composition 98% methane in coal seams III and 0, 92.5% methane in coal seam IV Gas Content 11-15m3/t of gas within the coal seams of interest 4 of 6 Wells Completed Red Lake-1 to -4 now drilled, with Red Lake-5 drilling ahead and Red Lake -6 to come; up to 68 metres of gas bearing coal in each well Dec 2022 7

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