This is new (alike a guarantee IMO). “Under the terms of the...

This is new (alike a guarantee IMO).

“Under the terms of the Earn-in/Joint Venture Agreement, OZ Minerals is required to spend an additional A$14 million to reach the next stage (Stage 2) earn-in interest to achieve a final 70% interest in the Project (I.e. a total spend of $36 million). If OZ Minerals withdraws from the Project prior to spending the additional A$14 million during Stage 2, Cassini will have the option to purchase OZ Minerals 51% equity interest in the Project.

If OZ Minerals completes the Stage 2 earn-in interest but has not completed a Bankable Feasibility Study (BFS), then OZ Minerals will continue to sole fund all Joint Venture expenditure until the completion of a BFS. 30% of the amount funded by OZ Minerals in excess of the $36 million, will be treated as a loan to Cassini, with the principal and capitalised interest to be repaid 5 years after the commencement of commercial production.”