East Tenement / Brazil Tenement discussion, page-85

This seems relatively significant (East Tenement related) - RE: the assignment of the East Tenement title to the Monte Alto tenement (which we hold the exclusive option to acquire). Not advice, pls DYOR and I'm no expert in Brazilian laws surrounding mining tenements, so anyone with a deeper knowledge should correct me if I've missed something.

In summary - it appears to me that Mineracao Salinas Ltda (owner of Monte Alto tenement) basically now holds the title for the East Tenement (following it's approval last night - link below). Given we hold the exclusive right to acquire Monte Alto, this looks promising to me in terms of LRS' ability to get it's hands on the east tenement.

I don't know if this is the very final step in the process (it may require publishing in the Brazillian Government Gazette before it's really official). You can keep track of the gazette here by searching on a daily basis for the tenement number you're interested in: https://www.jusbrasil.com.br/

A timeline for the process (including last night's confirmation of approval by Mineracao Salinas Ltda).

14 November 2022 - A request was made to assign the title for the East Tenement (830.833/2001) to Monte Alto tenement which LRS holds the exclusive option to acquire (830.080/2022). https://sei.anm.gov.br/sei/modulos/pesquisa/md_pesq_documento_consulta_externa.php?iPKNOI4i-Tt3bdeqzGJgGCgYH-B6kWAvCl8aH0kRl61Hwjbw2IUedMni_av-DBpByLCqIs6rfV3m3WuiQ5sSvgiT5gAKhsLypa6zP0DHRowUuPHGbjks-Ac-sXEcteMa
1 February 2023 - Request was denied due to an administrative error, and instructions given as to how to rectify the error - https://sei.anm.gov.br/sei/modulos/pesquisa/md_pesq_documento_consulta_externa.php?iPKNOI4i-Tt3bdeqzGJgGCgYH-B6kWAvCl8aH0kRl60JZ6DJHRuNvFzSnjCHSQ7pcXzznN1-8-gbPtuQADFjmKOPIEGReGtuuK_ILR7BIA38pS4YtqXArejuY66uUNzr
24 February 2023 (last night) - Confirmation was received from Mineracao Salinas Ltda that it has now properly approved the assignment of title for the east tenement - https://sei.anm.gov.br/sei/modulos/pesquisa/md_pesq_documento_consulta_externa.php?iPKNOI4i-Tt3bdeqzGJgGCgYH-B6kWAvCl8aH0kRl615xsMziWms5J6g-uDpfDeWWgDCWW6R0o5qCWhEIk5ARXfz6wAmIITFZsve-JyTo1jGo3UK88_ECQApZKs4UErV