San José Permitting Pathway Clarified By Investigation Permit Ruling

Infinity Lithium Corporation Limited (‘Infinity’, or ‘the Company’), through wholly owned subsidiary Extremadura New Energies, will advance submissions for the lodgement of a direct exploitation concession following the determination by the Contentious Administrative Court (‘CAC’, or ‘the Court’) in Cáceres to uphold the cancellation of the Investigation Permit Valdelflorez (‘PIV’). The Company reserves all legal rights and the CAC’s decision has provided clarity on the pathway to the lodgement of an Exploitation Concession (see ASX Announcement 6 September 2022).

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HIGHLIGHTS

 

• Court ruling confirms prior cancellation of Investigation Permit: City of Cáceres local council reiterates its desire to see the underground project application presented
  
• The Company’s permitting strategy remains on course for the lodgement of the Exploitation Concession Application despite the ruling by the Court
• The Exploitation Concession permitting process has already been initiated following invitation from the regional and local authorities
• The Company is advancing the lodgement of a direct Exploitation Concession Application
• Infinity is well funded for lodgement of the Exploitation Concession Application and advancing through permitting and feasibility studies
• Regional Government of Extremadura has ratified the Lithium Decree Law for integrated lithium projects to be classified as projects of regional interest and subsequently benefit from reduced administrative timeframes

 

The Company’s permitting strategy remains on course for the lodgement of the Exploitation Concession Application following the initiation of the permitting process at the invitation of regional and local authorities (refer to ASX Announcement 3 October 2022).

City of Cáceres Mayor, Mr Luis Salaya, has highlighted that the City Council is now awaiting the presentation of the San José Lithium Project (‘San José’, or ‘the Project’), stating:

 

“The project is already underground. From there, it will be the technicians who will have to report on what would or would not be necessary and then the city will have to discuss the convenience or not of the project.”

 

Furthermore, Mr Salaya has reinforced that following the Court’s determination, there has been little change in the evolution of the Project, noting “The point we are at now is the same one we were at yesterday” following the Company’s prior decision to advance the redesigned underground and integrated lithium chemical conversion facility.

 

Regarding the decision, Extremadura New Energies’ CEO Ramón Jiménez noted, “This decision has provided us clarity on the pathway to apply directly for the Exploitation Concession through our Exploration Permit application as has been acknowledged by Regional Government of Extremadura under the Mining Law with the technical and economic viability of the San José deposit demonstrated. All steps taken up to this moment are valid and maintain our expected execution timeline on track.”

Infinity Lithium Corporation Managing Director, Ryan Parkin noted, “The Company has worked with regional and local authorities towards preparing a permitting pathway which considers any outcome with regards to this decision. We look forward to progressing the lodgement of the Exploitation Concession Application through this now defined pathway in line with the support shown by relevant local and regional stakeholders.”

 

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