Sandy Ridge construction planning update

• Wallis Drilling successfully completes stage four 53-hole drilling campaign
• Golder Associates complete geotechnical site investigations and laboratory analysis
• Initial results support previous site investigations, and advance the design and build plan

Tellus Holdings Ltd (“Tellus”) is pleased to announce that it has successfully completed a further round of targeted site investigations including a stage four drilling campaign that supports detailed site investigations, design and construction planning at its Sandy Ridge Project.

Initial analysis indicates that the results are in line with technical assumptions made in the Bankable Feasibility Study, support the previous site investigations and advance the design and build planning.

The 53 drill holes are now added to the previous 271 holes and 7,939m drilled at Sandy Ridge over the previous three drilling programs. The site works, and laboratory test work program was delivered on time and within budget.

Other drilling support services and site investigation works that were successfully undertaken included:

• Civil geotechnical site investigations, laboratory testing and analysis by Golder Associates
• Geological services by Continental Resource Management
• Site clearing and test pits by Rapid Contractors
• Camp and field support services by Terra Search.

“Tellus is pleased to be creating local business opportunities and supporting local West Australian firms,” said Managing Director, Duncan van der Merwe.

Tellus Holdings Ltd (“Tellus”) mission is to contribute towards a cleaner Australia by developing a portfolio of geological repositories that provide waste storage, recovery and permanent isolation solutions plus complementary clay and salt products to our clients. This dual revenue model involves mining kaolin clay and rock salt commodities located in thick dry remote formations creating world’s best practice geological solutions. The voids created by mining will be used to store equipment, archives and waste using a multi- barrier system as part of an integrated safety case. Tellus plans to permanently isolate hazardous waste using environmentally sound management (ESM) principles that protect the environment and human health. Tellus also integrates long-term storage solutions that supports the circular economy by placing like-with-like materials for operational safety reasons and to create opportunities for the future recovery of valuable materials. Tellus’ business model mirrors overseas solutions operating in the UK, Europe and North America. Tellus is developing the proposed Sandy Ridge facility in Western Australia (WA) and the proposed Chandler facility in the Northern Territory (NT). Both Sandy Ridge and Chandler were awarded Major Project Facilitation Service by the Australian Government and Chandler was awarded Major Project Status by the NT Government.

Visit: www.tellusholdings.com.au or contact: