Ann: Achievement of Major Milestone for Project Kachi, page-588

The Kachi Pre-Feasibility Study (PFS) completion resulted in 2,500,000 for Dr Lindsay and 2,500,000 for S Prominitz vested in
the 2021 and converted into ordinary shares in 2022.
Mr Crow’s 5 million performance rights vest dependent upon an investment partner signing an agreement to invest in the
Kachi project in Catamarca (Investor). At 30 June 2020 the probability of obtaining an investment partner was assessed at
5%. It has been confirmed that the project will be funded 70% by international credit agencies sourced by SD Capital and GKB
Ventures, with the remainder being provided by equity. It is now considered extremely likely that the vesting condition will be
achieved, hence an increase to 100% probability was disclosed at 30 June 2022. Due to Promnitz’s resignation on the 17 June
2022, the unwinding of his remaining 2.5 million performance rights have taken place in the current financial year. a total scam imo