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they are different tenements altogether, Mt Stuart and Ethel...

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    they are different tenements altogether, Mt Stuart and Ethel Creek are not part of the Hammersly project that is in JV with WFE

    my understanding is that these were the tenements picked up last year

    and it is for the right to earn 75% rather than acquiring 75%, so it will be something like, we will spend $10m on the tenements to earn 75%

    they are obviously trying to package all the Pilbara tenements together as part of the deal
 
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