Ann: Revision to Updated Scoping Study Nueva Sabana Mine, Cuba, page-88

When the Australian Securities Exchange (ASX) reviews an announcement in advance, the process aims to ensure the accuracy, compliance, and clarity of information disclosed to the market. This mechanism safeguards market integrity and protects investors.Key Aspects of ASX Reviewing Announcements in Advance1. Purpose of Advance ReviewMarket Integrity: Prevent the release of misleading, incomplete, or non-compliant information.Investor Protection: Ensure that market participants have access to accurate and reliable information.Regulatory Compliance: Verify that announcements align with ASX Listing Rules, particularly those governing continuous disclosure obligations.2. Situations Requiring Advance ReviewSignificant Market Impact: Announcements that are likely to have a substantial effect on the company’s share price (e.g., mergers, acquisitions, major contracts).Complex or Sensitive Content: Disclosures involving legal, financial, or technical details that could be misunderstood or misinterpreted.Market-Sensitive Information: Announcements containing material information that could influence investor decision-making.ASX Requests: Situations where the ASX explicitly requires a review before the announcement is made public.3. Advance Review ProcessSubmission of Draft Announcement: Companies submit a draft of the proposed announcement to the ASX for review.ASX Feedback: The ASX provides feedback, which may include recommendations for amendments, clarifications, or additional information.Revised Draft Submission (if required): The company revises the announcement based on ASX feedback and resubmits it for approval.Approval and Release: Once the ASX is satisfied with the content, the company proceeds with the public release of the announcement.4. Key ConsiderationsTimeliness: Companies must ensure that the advance review process does not delay the disclosure of price-sensitive information, as timely disclosure is required under ASX Listing Rule 3.1.Responsibility: While the ASX may review announcements, the ultimate responsibility for the accuracy and compliance of the disclosure remains with the company.Confidentiality: Draft announcements submitted to the ASX are kept confidential during the review process.5. Benefits of Advance ReviewRegulatory Compliance: Reduces the risk of breaching disclosure obligations.Enhanced Credibility: Improves the quality and reliability of information disclosed to the market.Investor Confidence: Reinforces trust in the company's governance and communication practices.By engaging in advance reviews, ASX ensures that announcements meet high standards of accuracy and transparency, benefiting both the company and the broader investment community.