Annexes

Annexes


Public disclosure of the Environmental Impact Study → September 2007

This document is an official resolution from the Government of Extremadura, announcing the public disclosure of the Environmental Impact Study (EIS) for the Atalaya mining project (Concession No. 12.427-10), located in the municipality of Alburquerque. The study pertains to the open-pit extraction of ornamental black granite—commercially known as “Negro Villar”—from a designated area of 31,500 m² with estimated reserves of 400,000 m³ of raw rock. This public notice was a legal step required to meet regional and national environmental regulations, allowing citizens and stakeholders to review and submit feedback on the proposed mining activities.
❗️Investor Importance:
This document is critical as it demonstrates that the Atalaya I project complied early on with Spain's stringent environmental protocols, providing legal and regulatory legitimacy. The existence of a publicly vetted Environmental Impact Study offers reassurance to investors that the project was developed transparently, with environmental and social due diligence. Such regulatory approvals reduce project risk, support operational stability, and serve as a foundational requirement for future expansion or funding. It substantiates Iberian Occidental's claim of holding "favorable environmental permits" in its current investor materials.

Favorable Environmental Impact Statement → September 2009

This document is the official favorable Environmental Impact Statement (EIS) for the Atalaya mining concession (No. 12.427-10), issued by the Government of Extremadura. It concludes that the Atalaya project's proposed open-pit black granite mining is environmentally viable—provided that a detailed set of corrective, protective, and restoration measures are met. The resolution confirms the compatibility of the project with environmental standards and authorizes its development under clearly defined environmental conditions. It also stipulates monitoring obligations, restoration responsibilities, and compliance timelines.
❗️Investor Importance:
This resolution is a cornerstone for the legal and operational legitimacy of the Atalaya I project. For investors, it represents the formal green light from the regional environmental authority, de-risking the project from a regulatory standpoint. It evidences the Company’s compliance with Spain’s rigorous environmental review process and supports Iberian Occidental Mining’s claim of having secured all necessary environmental permits. This enables full-scale production while positioning the company as a responsible operator—an increasingly important factor in ESG-conscious investment decisions.

Exploitation Concession Title → February 2010

This official document is the Título de Concesión de Explotación granted by the Government of Extremadura to Hespérica de Obras, S.L. It formalizes the awarding of the mining concession known as “Atalaya” (File No. 12.427-10), covering 7 mining grids in Alburquerque, Badajoz. The concession is for the extraction of Section C) mineral resources, specifically diabase, with an initial term of 30 years, renewable for up to 90 years. It references the environmental approval granted in 2009 and stipulates that the restoration guarantee must be deposited prior to the issuance of this title.
❗️Investor Importance:
This concession title is a critical legal instrument establishing full mining rights for the Atalaya project under Spanish mining law. It confirms a long-term operational horizon of up to 90 years and legally defines the concession’s boundaries, mineral type (diabase), and operator obligations. For investors, it de-risks the project from a title security perspective and anchors the company’s production and expansion plans to a formally recognized legal framework. Together with the environmental approval, it forms the foundation of Iberian Occidental’s flagship asset and revenue generator, Atalaya I.

Urban Planning Qualification Announcement → January 2017

This official notice from the Directorate General of Urbanism and Territorial Planning in Extremadura announces the public disclosure of a request by Hespérica de Obras, S.L. for urban planning qualification. The qualification pertains to the use of land in parcels 20 and 21 of polygon 63, within the municipality of Alburquerque, for the exploitation of mineral resources classified under Section C) of Spain’s Mining Law. The announcement marks the start of a 20-day period for public review and comment on the proposed land use.
❗️Investor Importance:
This document provides essential evidence that the Atalaya project complies not only with environmental standards, but also with urban and territorial planning requirements. For investors, it confirms the project's alignment with regional land-use laws, eliminating a critical layer of regulatory risk. Urban planning approval is especially important for the long-term viability of mining operations, as it ensures compatibility with zoning designations and shields the project from legal challenges or future administrative reversals.

Award of Exploitation Concession Announcement – Atalaya → May 2017

This official announcement from the Government of Extremadura publicly confirms the formal awarding of the Atalaya exploitation concession (No. 06C12.427-10) to Hespérica de Obras, S.L., covering 7 mining grids in the municipality of Alburquerque, Badajoz. The awarded resource is categorized under Section C) of Spain’s mining classification system and specifically pertains to diabase (black granite). The concession was previously authorized by resolution dated 18 February 2010, and this notice serves as the final administrative publication of that title.
❗️Investor Importance:
This document functions as the formal public record of Iberian Occidental's legal entitlement to mine the Atalaya deposit. It confirms regulatory due process, validates tenure, and strengthens the project’s legal standing. For investors, it closes the loop on the concession award process and reinforces the security of the company’s mining rights—key factors for risk assessment, project valuation, and future capital market activities.

Urban Planning Approval – Atalaya Mining Project → August 2018

This resolution from the Directorate General of Urbanism and Territorial Planning of Extremadura grants final urban planning qualification to Hespérica de Obras, S.L. for the use of rural land in parcels 20 and 21 of polygon 63 in Alburquerque for the implementation of a Section C) mining operation—specifically, the Atalaya diabase project. The resolution confirms the compatibility of the proposed mining activity with the local land-use regulations and acknowledges compliance with environmental, archaeological, and legal prerequisites. It also establishes the obligation to pay an urban development fee (canon urbanístico).
❗️Investor Importance:
This document formalizes that the Atalaya mining project is fully aligned with municipal and regional urban planning laws. It removes a significant barrier to operational deployment by ensuring the project's legal viability on classified rural land. For investors, this qualification represents a critical milestone, confirming that the project is not only environmentally approved but also land-use compliant. This dual regulatory validation—environmental and urbanistic—minimizes risk and reinforces the project’s readiness for commercial operation.

Land Lease Agreement – Communal Parcels for Atalaya Project → September 2018

This document is the official lease agreement between the Municipality of Alburquerque and Hespérica de Obras, S.L. for the use of 4.59 hectares of communal land ("Los Baldíos de Alburquerque") to exploit Section C) mineral resources—specifically ophitic diabase—within parcels 20 and 21 of polygon 63. The lease was awarded through a competitive process and approved unanimously by the municipal council. It grants Hespérica a 20-year term, renewable in 5-year increments, with a tiered payment structure linked to project phases (pre-installation, installation, and active exploitation), and includes restoration, liability, and local benefit clauses.
❗️Investor Importance:
This lease agreement is a cornerstone of Iberian Occidental’s land rights for the Atalaya I project. It secures access to and use of the surface area needed for mining, waste disposal, and facilities construction, and reflects full alignment with local governance processes. For investors, it demonstrates operational readiness, legal security over communal land—often a sensitive issue in Europe—and strong local government collaboration. The structured terms and clear municipal approval reduce project risk and enhance the asset's long-term development and financial stability.

Urban License Processing Certificate → 15 November 2019

This official certificate from the Ayuntamiento de Alburquerque (Town Council of Alburquerque) confirms that the urban planning license and qualification process for the mining use of parcels 20 and 21 of polygon 63—requested by Hespérica de Obras, S.L. for the Atalaya diabase project—was actively being processed as of November 2019. The certificate, signed by both the Town Secretary and the Mayor, formally documents the municipal administration’s involvement in advancing the project’s compliance with land-use permitting requirements.
❗️Investor Importance:
This document affirms municipal cooperation and continued progress in securing all necessary land-use and construction authorizations. It serves as a checkpoint showing that no legal or administrative obstacles were impeding the urban licensing process at that time. For investors, it offers reassurance that the Atalaya project maintained momentum toward full operational readiness and met all required procedural benchmarks at the local government level—an essential component of regulatory de-risking for mining operation.

Environmental Impact Statement → April 2023

This document is a recent Environmental Impact Statement (EIS) issued by the Junta de Extremadura for the Atalaya project. Although brief in the portion visible, it confirms that updated environmental documentation was submitted or processed as of April 2023. This suggests ongoing regulatory engagement and compliance with environmental oversight for continued or expanded mining activity at the Atalaya site.
❗️Investor Importance:
The timing and existence of this 2023 document demonstrate that Iberian Occidental is actively maintaining its environmental credentials—critical for regulatory continuity and project scalability. For investors, it reinforces the Company’s commitment to ESG standards and regulatory diligence. In contexts where past permits may age out or require updates due to expanded operations (e.g., Atalaya II), this EIS submission ensures environmental and legal alignment with current mining activities, reducing risk of interruption and enhancing project longevity.

Notice of Corporate Name Change – “Iberian Occidental Mining Spain, S.L.” → 6 October 2023

This official communication from the Junta de Extremadura certifies the registration of a corporate name change in the provincial mining registry. The company formerly known as Hespérica de Obras, S.L. has formally changed its name to Iberian Occidental Mining Spain, S.L. The update affects all mining rights previously held under the former name within the province of Badajoz. The registration ensures legal continuity under the new corporate identity.
❗️Investor Importance:
This name change marks the legal and administrative consolidation of Iberian Occidental’s branding across jurisdictions. For investors, it confirms that the company’s Spanish subsidiary is now formally operating under the Iberian Occidental name, aligning its local entity with the international corporate identity. This enhances transparency, simplifies regulatory traceability, and reflects the company’s transition from legacy operatorship to a unified strategic structure under Iberian Occidental Mining Ltd.—strengthening its governance framework and public image.

Authorization for Use of Explosives → April 2024

This document is an official resolution from the Delegación del Gobierno en Extremadura granting authorization for habitual explosive consumption (Expediente BA-CHEX 161) to Voladuras Mina La Parrilla, S.L.U. for blasting operations at the Atalaya mine, located in Parcel 20 of Polygon 63 in Alburquerque (Badajoz). The authorization was issued for a five-year term and allows for the use of specific explosives and detonators in the Atalaya exploitation, under strict safety and regulatory conditions. The permit includes precise consumption limits, operational safety guidelines, and obligations for personnel, logistics, insurance, and environmental compliance.
❗️Investor Importance:
This explosives permit is critical operational evidence that Iberian Occidental Mining Spain, S.L. is fully authorized to carry out essential drilling and blasting activities at the Atalaya site. It confirms regulatory approval for a core component of the mine’s physical extraction process and underscores compliance with Spanish and EU mining safety regulations. For investors, this ensures the project's readiness for full-scale extraction, eliminates a major logistical risk, and supports the Company’s timeline for commercial production at Atalaya I.

Application for Approval of 2025 Mining Work Plan → January 2025

This is the official application submitted by Iberian Occidental Mining Spain, S.L. to the Junta de Extremadura for approval of the 2025 Annual Mining Work Plan (Plan de Labores) for the Atalaya project (Concession No. EX060289). The document was submitted in compliance with Spanish mining legislation (Law 22/1973 and Royal Decree 2857/1978), which mandates that operators of Section C concessions present an annual plan outlining the upcoming year’s mining activities. It includes confirmation of health and safety compliance, digital signatures, and supporting documentation as required by regulation.
❗️Investor Importance:
This filing reflects Iberian Occidental’s ongoing regulatory engagement and operational continuity at the Atalaya site. It confirms that the project is being actively managed under Spanish legal frameworks and supports investor confidence by demonstrating adherence to required administrative and safety protocols—a key aspect of project reliability and long-term viability.

Technical Evaluation and Valuation Report (Universidad de León) → April 2025

This comprehensive 50-page technical report, prepared by Dr. Antonio Bernardo Sánchez, a senior mining professor and director at the Universidad de León, evaluates and quantifies the mineral reserves of ophitic diabase at Iberian Occidental’s Atalaya project. Commissioned by the company, the report integrates geological, structural, petrographic, and geophysical data, and provides a detailed assessment of the ornamental and industrial potential of the site’s four main diabase sills (A–D). The report culminates in an official valuation of the legally extractable mineral resources within the currently authorized exploitation area.
❗️Investor Importance:
This report offers an independent, expert-certified valuation of Atalaya I’s extractable resources, confirming their commercial potential as both ornamental black granite and construction-grade aggregates. The Universidad de León estimates the value of the commercially mineable resources in the authorized exploitation area at €30,358,632.38. For investors, this valuation substantiates the asset’s economic viability, offering a credible foundation for project appraisal, financial planning, and strategic decision-making.