It means that when the JV is completed that CYL will be in charge of all of the decision making like how much to spend and where to drill.
I am extremely happy to let CYL make these decisions as they really know their stuff.
From memory their is still a 20km strike to test at Tandarra and this is why I hold NML.
Anything else they find such as at Irvine is just icing on the cake unless they deliver a magic Christmas Pudding in the next few days. It is a very real possibility that Irvine especially resolution lode will be highly promising.
I just hope management are on the ball.
GLTAH+DYOR