MURCHISON’S INFRASTRUCTURE ARM WINS WA GOVERNMENT PORTSELECTION...

MURCHISON’S INFRASTRUCTURE ARM WINS WA GOVERNMENT PORT
SELECTION PROCESS

Murchison Metals Limited (“Murchison”) is delighted to announce that Oakajee Port & Rail (“OPR”)
has been selected as the preferred proponent to develop the Oakajee Port in the mid-west region
of Western Australia.

The Western Australian Government today announced that OPR was the successful proponent
under its formal selection process.
OPR is a joint venture between Murchison and Mitsubishi Development Pty Ltd, each of which has
a 50% economic interest.

The selection of OPR adds to the valuable strategic position of Murchison in the evolving mid-west
region where significant consolidation is already underway.
Following the signing today of a Letter of Process Agreement with the Government, OPR will now
move to finalise the Development Agreement with the Government that will underpin the
development of the required transport infrastructure.

OPR is planning to build a major new cape size port facility at Oakajee north of Geraldton to serve
the mid-west region’s burgeoning iron ore industry. It also proposes to build new rail infrastructure
to allow the mid-west miners to transport their ore to the port for export to world markets. OPR
plans to commence discussions with the WA Government as soon as possible to finalise the route
for the rail infrastructure – a decision that will determine the commencement date for shipments
from the new Oakajee port.