NORTHERN CARNARVON BASIN | DAMPIER SUB-BASIN W22-5 industry.gov.au/2022 OFFSHORE PETROLEUM EXPLORATION ACREAGE RELEASE | AUSTRALIA 2022 Figure 9 - Location of WA-522-P (formerly W22-5) Tassie Shoal (Melbana 100%) The Company has Australian Government environmental approvals to construct, install and operate two stand-alone world scale 1.75 Mtpa methanol plants - collectively referred to as the Tassie Shoal Methanol Project - and a single 3 Mtpa LNG plant - known as the Tassie Shoal LNG Project - on Tassie Shoal, an area of shallow water in the Australian waters of the Timor Sea approximately 275 km northwest of Darwin, Australia (See Figure 10). These environmental approvals are valid until 2052. These projects uniquely provide a development option for discovered but undeveloped gas resources in the region. Progress for these projects is dependent on securing access to proximate gas supply on suitable commercial terms. No material progress was made in this regard during the reporting period. Figure 10 - Location of the Tassie Shoal Projects 21 Melbana Energy Limited Annual Report 2025
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