Quarterly Activities/Appendix 5B Cash Flow Report

The directors of MTM Critical Metals Limited (ASX:MTM) (MTM or the Company) are pleased to provide shareholders with the quarterly report on the Company’s exploration activities for the period ending 30 June 2023.

Highlights:

• High-resolution drone magnetic survey completed over Pomme Project carbonatite target in Quebec, Canada
• 10 hole, 5,000 metre diamond drilling program commenced to evaluate carbonatite complex and discover higher-grade REE-Nb mineralisation zones
• First hole intersected +500m of carbonatite containing visual REE mineralisation, assays pending
• Aircore drilling identified new clay-hosted rare earth element (REE) mineralisation at East Laverton Project, Western Australia
• New nickel laterite discovery at Seahorse prospect area
• Tranche two of a $3 million placement completed to fund diamond drilling and associated metallurgical work at Pomme REE-Nb project

POMME REE-Nb PROJECT

The Pomme REE-Nb project (Pomme or the Project) is a known carbonatite intrusion located in south-western Québec, Canada (Figure 1). The Project has exceptional results from a limited historical drilling program, showing enrichment in rare earth elements (REE) and niobium (Nb) and is considered to be an extremely prospective exploration target. Pomme is located adjacent to the world-class Montviel REE-Nb deposit (owned by Geomega Resources Inc), that has a defined total indicated and inferred resource of 266 Mt @ 1.45% TREO & 0.14% Nb2O5.

MTM has entered into a binding option agreement with Geomega Resources to acquire a 100% interest in the Pomme claims and is now advancing exploration at Pomme to discover a REE-Nb resource (see MTM ASX announcement dated 23 February 2023).

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