"Xanadu and Zijin have also entered into a four-month period of...

"Xanadu and Zijin have also entered into a four-month period of exclusivity to negotiate the second and third
phases of the strategic partnership. The relevant exclusivity deed contains terms and conditions considered
standard for an arrangement of this nature, including no-talk, no due diligence and notification provisions (each
of which is subject to a fiduciary carve-out), together with a break fee A$340,000 that may be payable to Zijin in
the event of the completion of a competing proposal or where Xanadu commits a material breach of the
exclusivity deed."

Hopefully we will have JV update next month