Ann: December Quarterly Report and Appendix 5B, page-2

Key quotes:

"A follow up meeting with the Company and governmental officials is expected to be held during the March quarter to address any additional questions following the site visit, and prior to a recommendation being made to the President and Cabinet for the SML approval."

"A large number of introductory and follow up meetings were held with tier 1 motor producers, magnet producers, and trading houses in addition to direct meetings with a number of automotive groups. Peak has to date issued ten detailed term sheets with discussions on-going with a number of these groups."

I strongly suspect that the SML is very close to being granted, and that once granted, the other major stumbling block - offtake agreements - will quickly follow. But that's just my suspicion, not something that can be confirmed one way or the other (short of the announcements actually being made).