Ann: Tanzania Special Mining Licence Update, page-12

gaucau if that is the case the SML is still 3 months away, and with what's going on in the World i think that is being optimistic.

Also it sounds like these "proposed legislative changes " will also hold up the SML.

"The Tanzanian government is also in the process of implementing a number of additional legislative
changes to further encourage investment in the country. The first piece of legislation, The Arbitration
Act, was signed by the President and gazetted on the 21st of February 2020. The Act allows for
International arbitration to take place, provided the venue for the arbitration is held in Tanzania.
Further proposed legislative changes proposed to be tabled in parliament in the near future include
an update to the Investment Act, and a new Business Facilitation Act (bill), which will amend a number
of current acts to improve the general business environment. The Company is encouraged by the
stakeholder engagement that the government has undertaken while drafting these pieces of
legislation and is confident they will assist in the implementation of the Ngualla Rare Earth project."