Chatham Advances Toward Mining Permit at Korella North

NEWS RELEASE 24-08 April 2, 2024

Chatham Advances toward Mining Permit at Korella North
WELLINGTON, New Zealand – Chatham Rock Phosphate Limited (TSXV: NZP, NZX: CRP,
Frankfurt Borse: 3GRE) wishes to advise that the Korella North Mine ML100379 permitting
process took another step forward with the posting on 25
th
March 2024 of a Notice of
Proposed Grant of a Mining Lease.
The Notice of Proposed Grant of a Mining Lease was posted as required under Section 29 of
the Commonwealth Native Title Act 1993 and was dated 25 March 2024 with the declared
Notification Day being 17 April 2024.

ML100379 covers an area of 118.62 ha and is located 6km southeast of The Monument at
Phosphate Hill. The grant of the Mining Lease includes the granting of access over the
adjacent Phosphate Hill - Townsville rail line to the Phosphate Hill- Duchess Road.

The grant of the Mining Lease is under the Queensland Mineral Resources Act 1989 and is
for a term of 10 years with the possibility of further renewal for terms not exceeding 10
years. The Notice was signed by the Executive Director for the Minister for Resources and
Critical Minerals. (See attached notice).

The Notice of Proposed Grant of a Mining Lease is part of the administrative processes
leading to the grant of the ML100379. Under the Right to Negotiate provisions of the Native
Title Act, if there are no additional native title claimants, ML100379 is capable of being
granted on 17
th
August 2024 subject to successfully reaching agreement with the Yulluna
people.

Negotiations with the Yulluna People are nearing conclusion in relation to reaching
agreement on ML100379. With such an agreement reached, termed the ancillary
agreement, the next step is to prepare a Section 31 deed which would then be made
publicly available.

Shareholders will be updated on progress towards signing the ancillary agreement with the
Yulluna People.

For more information contact Chris Castle on 021 558 185 or chris@widespread.co.nz or
check out www.rockphosphate.co.nz
Neither the Exchange, its Regulation Service Provider (as that term is defined under the
policies of the Exchange), or NZX Limited has in any way passed upon the merits of the
Transaction and associated transactions, and has neither approved nor disapproved of the
contents of this press release.