During the Quarter, the Company announced that it had appointed Wood Group to undertake a study into the establishment of an integrated rare earth processing facility in the UK with a view to creating the world s first sustainable magnet metal supply chain. Having progressed the design of the Longonjo project to include the production of a mixed rare earth sulphate, Pensana had the unique opportunity to explore the potential to make one further step downstream and to create additional value by establishing a rare earth oxide production facility in the UK. This was followed by the announcement on 8 December 2020 that the Saltend Chemicals Park in the Humber Local Enterprise Partnership, Yorkshire, had been selected as the proposed site to build the UK s first rare earth processing facility.
Notes 1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so. 2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
Prairie Mining Limited (Prairie or the Company) is pleased to present its Quarterly Report for the period ending 31 December 2020.
· International arbitration claims (Claim) against the Republic of Poland under both the Energy Charter Treaty and the Australia-Poland Bilateral Investment Treaty (Treaties) ongoing with the proceedings having now been constituted and a quantum expert being appointed by the Company during the quarter.
➢ Prairie alleges that the Republic of Poland has breached its obligations under the Treaties through its actions to block the development of the Company s Jan Karski and Debiensko mines in Poland.
➢ The Republic of Poland s actions have deprived Prairie of the entire value of its investments in Poland.
§ 11m @ 4.40% Cu from 24m § 5m @ 7.34% Cu from 28m & § 1m @ 16.65% Cu from 29m § 14m @ 3.55% Cu from 27m, § 3m @ 10.88% Cu from 37m & § 1m @ 12.66% Cu from 37m o Sampling at Mkushi Project confirmed eight target areas with significant copper anomalism and extended strike lengths up to 4.2km next to an operating copper mine in a region proven to be highly prospective for copper-gold mineralisation Castillo has four properties comprising the Mt Oxide Project in Mt Isa s copper-belt, four assets across Zambia s copper-belt, the historic Cangai Copper Mine and a large footprint near Broken Hill s world class silver-zinc-lead deposit in New South Wales (NSW), Australia.
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;