Zeotech Limited announced the intellectual property regarding patent-pending mineral processing technology for the manufacturing (synthesising) of zeolites ("Licenced IP") has been assigned to the Company by The University of Queensland's technology transfer company, UniQuest. Zeotech advised on 7 December 1 that binding terms within the exclusive global licence agreement 2 executed on 6 April 2020 with UniQuest included clauses which had been triggered based on the successful achievement of certain conditions by Zeotech, enabling Zeotech to give notice to UniQuest requesting the assignment of the Licensed IP, which will facilitate the transfer of ownership of the Licensed IP to Zeotech. On 29 January 2021, Zeotech and UniQuest executed the Deed of Assignment that formed part of the Licence Agreement and the $500,000 Assignment Fee has been paid. All rights, title, and interest in the licensed IP (free of any encumbrances) has been legally assigned to Zeotech from UniQuest. The ownership of the Licensed IP by Zeotech is a major step for the Company, offering Zeotech shareholders and potential commercial partners the assurance that the Licensed IP is owned directly by the Company, without any encumbrances, beyond Zeotech's ongoing obligation to pay royalties and performance milestone shares (or cash equivalent) to UniQuest. Zeotech considers the ability to produce high value zeolites from low value mineral and/or zero-cost mine tailing/process residues presents a compelling economic advantage, that will drive industry partnerships and enable higher margin monetization of Abercorn kaolin.