Ann: Appendix 3Y - CM, FW, page-9

I've just gone back to the Notice of General Meeting which outlined the detail around what was to be voted on at the recent meeting dated 5th August.....including Chris Moreno's Performance Rights that were issued on 21st August as per the Appendix 3Y announced today.

Note that the full entitlement was $466,050 (ADI - annual deferred incentives) and $1,357,200 (LTI - long term incentives).

Have a look at the Group and Individual Milestones listed below to achieve 100% of the entitlement.






So, are we lead to believe that the issue of the full entitlement for both the ADI and LTI components (confirmed by today's announcement) confirms the satisfaction of all of the Milestones outlined.....including 1.a) "the Company has produced battery quality lithium hydroxide at Vulcan’s Central Lithium Electrolysis Optimization Plant (CLEOP);" and 1.f) "the Company has entered into binding agreements to fully finance Phase 1 of its operations (Financing Milestone)."?

Am I reading this correctly? I would have thought there would have been an announcement outlining the achievement of these milestones before putting out the Appendix 3Y confirming the associated performance rights had been issued.