Cancellation of Santa Comba to be Appealed

Pivotal Metals Limited (ASX:PVT) (‘Pivotal’ or the ‘Company’) has commenced a process to appeal the cancellation of the Santa Comba mining concessions.

Investment Highlights

• On 30 March, the Mining Authority in Galicia informed the Company that it had cancelled the Santa Comba mining concessions. The Grupo Minera Santa Comba concessions comprise 7 concessions and 8 extensions and contain the Santa Comba open pit and underground tungsten/tin projects.
  
• The Company believes that it has remained compliant with the terms of the underground mining permit has therefore elected to appeal this decision through the Chamber of the Superior Court of Justice of Galicia (¨Tribunal Superior de Justicia¨). The Company has been informed that it is likely to take 12 to 18 months to obtain a ruling.
  
• In the interim, the Company has suspended all operational activities at site.

Managing Director Steven Turner said: “The Company has carefully considered the decision by the Mining Authority to cancel the Santa Comba concessions and is of the firm opinion that such a decision was improper and as such it will be appealed through an independent process via the Superior Court of Justice in Galicia. The assessment process will take time and, until resolved, all operational activities at Santa Comba will be suspended. The market will be further informed once the process has run its course.”

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