They've achieved the milestone in 305 days (10 months and 1 day) from the initiation of the JV on 20 November 2017. This is also 14 months earlier than the 24-month timeframe in the JV.
Part of that spend was the drill rig they bought. Perhaps the reason the spend has been achieved so quickly.
The Maiden JORC for Estelle (due by th end of the year) will ultimately determine the scale of infill / extension drilling to happen next year. If drilling gets aggressive after the Maiden JORC for Estelle, conceivably we could be at the 70% earn-in stage much earlier than the 3-4 year timeframe foreshadowed.
Ann: Annual Report to shareholders, page-7
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