Ann: San Jose Lithium Project Update, page-14

Spain can be a tricky place for ASX brownfield developments BUT PLH is in a totally unique space for the following reasons:
1. PLH acquired San Jose in a Government Tender process. The Government WANT San Jose developed quickly to produce Li2CO3 for the Euro market and PLH displayed the necessary attributes to get the job done.
2. SAYCR will be PLH's 25% partner in San Jose. They are a US$1b Spanish construction company with a proven ability to permit mines in Spain. They also have access to US$200m for funding Spanish mine development which PLH can tap into.
3. SAYCR is currently developing a major Ni/Cu project in the same region as San Jose.
4. The Mining Licence Application has been submitted for San Jose backed by SAYCR.

So PLH has:
1. Spanish Government backing,
2. A significant Spanish partner and
3. A product Europe is crying out for.

This will absolutely ensure that the development of San Jose will be expedited as fast as possible. No Government road blocks will be put in the way. So PLH is in a unique space and we can look forward to speedy progress on the development of this VERY SIGNIFICANT project.