Ann: Thackaringa Joint Venture Update, page-30

That is not disputed at all. However, the activities do not cease after the earn-in ends.

According to reference item 11-1: unanimous vote is required where "expenditure or liability occurs outside an approved program."
The drilling program was approved.

3.5a - BPL does not have to contribute to approved programmes during the earn in period
The earn in period is over, so now they need to pay.

Nowhere does it say approved programmes need to be voted on again with unanimous approval.

The only thing requiring a unanimous vote from here is the scope and standard of the BFS.
But:
3.3 b i- Under stage 3 , to achieve 85%, there was a minimum requirement of 5 million spend on exploration drilling. This has been approved by BOTH parties.
3.3 b ii- The other condition is that they successfully complete a BFS.

So the current drilling and BFS are considered separate entities.

BPL will be diluted.