Ann: IGO Commences Drilling at Bryah Basin Project,IGO-ALY.AX, page-103

That's perfectly fine CC.

It took a bit of working all of that out. I did this exercise with this particular jv last year when I was about the only poster and I thought that IGO was drilling in hot territory and I wondered how it all worked if IGO found something that would boost ALY's SP but not IGO's. I knew about the continuous disclosure code for a single operator but not where there was a senior and junior jva in place.

If interested in what a farm-in jva looks like, go to www.ampla.org/model documents - exploration jva, 2 parties with farm-in.