Just in case people didn't read the directors report in the half...

Just in case people didn't read the directors report in the half yearly

1. The positive developments in the administrative and permitting pathway resulted in significant inbound interest from interested parties to the Project and facilitated land access as noted above. The Company welcomed the finalisation of regional and local governments in July 2023 and with greater administrative, political and commercial advancements, the Company undertook preliminary assessments of a potential alignment of institutional support through a dual listing on the Bolsa de Madrid.

2. The support is a major endorsement for the Project and demonstrates Spain’s commitment to building its own localised lithium-ion battery value chain, beginning with the development of its own natural resources. The Spanish government transferred the funds granted to the Project subsequent to the end of the period ended 31 December 2023.

3. The Regional Government of Extremadura reinforced its commitment to lithium projects in Extremadura and announced future stimulus measures and provision of legal guarantees for companies to facilitate lithium mineral processing in the region. The national Constitutional Court (‘the Court’) determined amendments be made to Lithium Decree Law to annul the requirement for all lithium exploited within the region be further processed to battery grade lithium chemicals in Extremadura. The Regional Government of Extremadura announced the stimulus measures in response to the modifications of the Court and the Company remains committed to advancing lithium chemical processing in Extremadura through a fully integrated project.
Furthermore, the Court declared the exploitation of lithium resources in Extremadura may be recognised and therefore processed as projects of general and regional interest (‘PREMIA’). San José remains eligible for PREMIA project classification as a project of general and regional interest, and thereafter qualification for accelerated permitting consideration with a positive determination.