Authorities Confirms Development to Subsequent Stage of Allowing for San José

Infinity Lithium Company Restricted (‘Infinity’, or ‘the Firm’), via wholly owned subsidiary Extremadura New Energies, is happy to announce the Regional Authorities of Extremadura’s Directorate Normal of Trade, Vitality and Mines (‘DoM’, or ‘Mines Division’) has confirmed the viability of the lithium useful resource on the San José Lithium Undertaking (‘San José’, or ‘the Undertaking’). This notification completes the primary stage of the Direct Exploitation Concession Utility (‘ECA’) (‘Mining Licence Utility’) and the Firm is now in a position to transfer ahead to the subsequent stage of the licencing course of for the built-in San José Lithium Undertaking (‘San José’, or ‘the Undertaking’). This subsequent stage contains lodgement of the extremely detailed, Undertaking Exploitation (mining and processing), Rehabilitation & Restoration, and Environmental Influence Assessments.

HIGHLIGHTS

• Infinity receives constructive evaluation from the Regional Authorities confirming development via the primary stage of the Exploitation Concession Utility for San José.
• The Regional Authorities’s Division of Mines recognises the San José Lithium deposit as a viable useful resource.
• The Firm will now proceed to the subsequent stage of the licencing course of with the lodgement of the detailed challenge documentation.

Beforehand submitted documentation (consult with ASX Announcement 12 February 2024) has been assessed by the Mines Division, ensuing within the formal notification to Extremadura New Energies that it has accepted and recognised the viability of the San José lithium deposit as an exploitable lithium useful resource. The formal notification said, “in keeping with the Report of the Normal Directorate of Trade, Vitality and Mines, it’s demonstrated the existence of a lithium deposit within the 2 mining squares utilized for as direct exploitation concession, being technically and economically viable its exploitation with the applying of the present exploitation applied sciences and metallurgical processes”.

The Firm can now submit the mandatory documentation to progress the ECA for its lithium extraction and processing challenge in Cáceres.

The constructive affirmation of the primary stage of the ECA submission is a matter of administrative course of and facilitates the development to the subsequent within the allowing course of. The Firm has already finalised the ECA challenge documentation and can advance to the subsequent stage of the submission via the immediate lodgement of those paperwork. The Undertaking ECA submissions have included consultations with native and regional stakeholders and departments inside each the Native and Regional Governments, via the Environmental Influence Evaluation Scoping Doc acquired in Could final yr (consult with ASX Announcement 9 Could 2023).

The ECA lodgement was additionally facilitated by the receipt of a beneficial City Compatibility Report from the Cáceres Native authorities in November 2023 (refer ASX Announcement 15 November 2023).

Determine 1: Design Drawing of the San José Lithium Undertaking inside the Undertaking space and PESE.

Ramón Jiménez, CEO of Extremadura New Energies commented,“We’re happy to obtain this constructive affirmation of the lithium useful resource and subsequent notification from the Mines Division permitting us to progress the allowing of San José. The Undertaking will now undergo the atypical process of evaluation by the technicians of the Junta de Extremadura as we current what will likely be an important challenge for the way forward for the area, and one which has been designed to include the suggestions we have now acquired from the local people with respect to environmental and financial concerns”.