Spot on TM. That ASX announcement was on 29.3 17 at which time PLS had 12 months to earn up to 70% by spending $1m on exploration.
That time limit was further extended as part of the DSO agreement with AGO. Ref: ASX announcement dated 20.12.17 which reads:
Mt Francisco JV
As part of the DSO deal, Atlas and Pilbara have agreed to extend the deadline by which Pilbara is required to invest $1 million on exploration at the Mt Francisco project to October 2018. Pilbara purchased a 51% interest in the project from Atlas earlier this year (see ASX release dated 29 March 2017). Access agreements are targeted to be complete by approximately March 2018 with on-the-ground works commencing shortly thereafter. Drilling is expected to commence in the June 2018 Quarter.
All good.
Atlas / MinRes, page-14
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