ChuckIt seems the agreement is still in place but as always...

Chuck
It seems the agreement is still in place but as always DYOR.
The agreement with BHP was made in September 2007.

The agreement had a potential life of 13 years.
BHP had rights to 500,000 wet tonnes pa.
PEL was not limited in its rights to deal with tonnage in excess of the tonnage taken by BHP.
BHP was to have funded exploration and evaluation costs upto $US250,000.
The costs of further exploration etc were to have been met by agreement between the parties.
It probably would be prudent to check with PEL management that the agreement is still in force.
Cheers,
Crat