Technology Metals Australia Limited announced the engagement of key project partners GR Engineering Service Limited and Iron Mine Contracting (IMC) to progress the efficient implementation of the Murchison Technology Metals Project (MTMP). These key engagements follow the conclusion of a highly successful commercial competitive tendering process across a range of MTMP work packages. The Company, GRES and IMC will work alongside FLSmidth, which is positioned to be the key equipment supplier for the MTMP processing plant.

FLSmidth has been partnering with Technology Metals since early 2018, from salt roast leach testwork, to the more recent Front-End Engineering and Design (FEED) for the pyro processing technology and major equipment selection reviews for the concentrator and leach circuit. EKF Denmark's Export Credit Agency has provided the Company with a Letter of Interest of financing support of around AUD 150 million based on expected Danish content from the involvement of FLSmidth as a key equipment supplier to the MTMP. The MTMP project team will progress detailed construction planning, schedule definition and site establishment work streams with GRES, FLSmidth and IMC.

GRES will focus on detailed construction planning for the MTMP process plant and schedule definition in consultation with key equipment supplier, FLSmidth. IMC will progress the development of site establishment and supporting infrastructure workstreams and the schedule interfaces with bulk earthworks, source of construction materials and the process plant construction activities.