They only have until Sept 2018 to spend the balance of the $3m (so another$2.2m) or the lease reverts 100% back to Navarre. Access for drilling is only after the summer cropping (Dec to March) so they only have this season and next to do about 8000m? of drilling. Not sure where the cash is coming from for this but they will need to get a wriggle on or NML will get their lease back. Interesting to see the prelim mine planning, CYL obviously think they are on to an economic proposition.
They only have until Sept 2018 to spend the balance of the $3m...
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