Ann: Trading Halt, page-81

I think Tranche 1 is a "done deal" and we really are "off to the races!"

Vesting Conditions: The LTIs are divided into three equal tranches. Each tranche will vest upon the
Company announcing, during the vesting period, a JORC 2012 Mineral Resource (“Resource") of Total
Rare Earth Oxide (“TREO”) as follows:
Tranche 1: A Resource of at least the inferred category of 10Mt @ > 1% TREO by 31 December 2022
I just compared the 16/12/2022 notice with the Incentive Scheme from 17/08/2022 as you can see apart from minor rounding and one director not receiving the tranche issue it all lines up!