LCY legacy iron ore limited

quarterly activities, page-6

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    While discussions are continuing with joint venture partner Hawthorn Resources Limited ("Hawthorn") about the future ownership of Mt Bevan and the appropriate level of expenditure on Phase 4 drilling should no change in ownership take place, the independent modelling and associated indicated resource upgrade calculations have been deferred.
    ...In light of this, work during the quarter was restricted to database compilation and checking.


    So my interpretation is "we've done f.all this quarter." as expected
 
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